Overview
What is Pinewood Manor Inc?
Pinewood Manor Inc is a 501(c)3 nonprofit corporation, established with a focus on providing affordable housing. Based in Ocean Park, Maine, the organization offers 50 one-bedroom apartments through its partnership with the Department of Housing and Urban Development (HUD). The residences cater to individuals over the age of 62 and those under 62, who have a documented disability and meet the necessary financial criteria. The mission of Pinewood Manor is to ensure the provision of safe, reasonably priced housing, while promoting self-sufficiency and a nurturing environment for its residents.
Official website here: www.thepinescommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Pinewood Manor Inc has achieved an 81% score, which signifies a solid performance in accountability and finance, earning it a Three-Star rating. This rating reflects the organization’s commitment to transparency and responsible financial practices, as evidenced by a perfect score in several areas such as independent board members and the presence of critical policies like conflict of interest and whistleblower protections.
The organization has a strong financial health with a program expense ratio of 87.93%, indicating that a substantial majority of its expenses directly support its programs. Additionally, all board members are independent, which bolsters governance and minimizes potential conflicts of interest. The presence of an audit and oversight committee also underscores diligent financial management practices.
While the overall score is strong, it is solely based on the accountability and finance beacon, which could suggest limitations in other operational areas such as program effectiveness or community impact. However, based on the available data, Pinewood Manor Inc demonstrates responsible stewardship of its resources and a firm commitment to ethical governance.
This AI summary has been generated from information found on Charity Navigator.
Is Pinewood Manor Inc legitimate?
Pinewood Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pinewood Manor Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.thepinescommunity.org
What is the mission statement of Pinewood Manor Inc?
Pinewood Manor Inc, as a not-for-profit organization, is committed to its mission of providing safe and affordable housing. This mission is carried out by operating 50 units of low-income housing under the federal 202 program. The organization aims to foster maximum independence for its residents in a caring environment. Pinewood Manor caters to two specific groups: individuals over 62 years of age and individuals under 62 with a documented disability who meet the necessary financial qualifications. The corporation, in partnership with HUD (The Department of Housing and Urban Development), ensures that affordable housing remains accessible to these groups, thereby contributing to their overall well-being.
Official website here: www.thepinescommunity.org
Who is the CEO of Pinewood Manor Inc?
Kevin Porter is the President of Pinewood Manor Inc.
Official website here: www.thepinescommunity.org
What is the revenue of Pinewood Manor Inc?
Pinewood Manor Inc's revenue in 2022 was $706,036.
Official website here: www.thepinescommunity.org
Who are the executives of Pinewood Manor Inc and what are their salaries?
There 25 volunteers at Pinewood Manor Inc.
Here are 13 key members and their salaries:
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- Related: $94,228
- Other: $14,337
Official website here: www.thepinescommunity.org
Where can I find the form 990 for Pinewood Manor Inc?
Pinewood Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thepinescommunity.org
Learn more at the official website: www.thepinescommunity.org
Mission Statement of Pinewood Manor Inc
Pinewood Manor Inc, a not-for-profit organization, is dedicated to fulfilling a mission that encompasses providing safe and affordable housing for individuals over the age of 62 and those under 62 with documented disabilities. This mission is accomplished through a partnership with the Department of Housing and Urban Development (HUD). The organization's objective is to create an environment that encourages maximum independence for its residents, all while demonstrating care and consideration. Pinewood Manor Inc's mission is not just about providing a place to live, but it also aims to make a positive impact on its residents' lives by offering them a nurturing and supportive environment.
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Impact
July, 2024
Pinewood Manor Inc's impact can be seen in its provision of safe, affordable housing for individuals over 62 years of age or those under 62 with a documented disability in Ocean Park, ME. As the organization owns and operates 50 units of low-income housing under the federal 202 program, it plays a crucial role in addressing the housing needs of vulnerable populations in the community. By offering affordable one-bedroom apartments through its partnership with HUD, Pinewood Manor enables individuals to live independently in a caring environment while enjoying a sense of security and stability. This contributes to enhancing the quality of life and well-being of its residents and helps foster a more inclusive and supportive community.
This information is meant to be a general summary of Pinewood Manor Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $495
- Program Service Revenue: $705,541
- Gross Receipts: $706,036
Assets and Liabilities:
- Total Assets: $2,796,093
- Total Liabilities: $4,141,908
- Net Assets: -$1,345,815
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Revenue
Revenue
$684,701
Miscellaneous Revenue
Revenue
$20,840
Organization Details
Founding Year
1981
Phone
(207) 934-2157Principal Officer
Kevin Porter
Main Address
PO Box 7354, Ocean Park, ME, 04063
Website
www.thepinescommunity.orgNTEE Category
Code: L22Z - Housing
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