Overview
What is Pine Oaks Iii Inc?
Pine Oaks III Inc is a nonprofit organization, situated in Harwich, Massachusetts, with a focus on providing affordable housing for the elderly. Their primary mission is to cater to this specific demographic, offering them a living space within their means. By doing so, they aim to contribute positively to the community and ensure that the elderly have access to suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Pine Oaks III Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94%, indicating a robust commitment to transparency and good governance practices. This high rating is primarily attributed to its impressive accountability measures, where the organization has received full marks in several critical areas, including independent board member representation and the presence of comprehensive financial oversight.
The nonprofit demonstrates a solid financial standing, with a program expense ratio of 71.44%, meaning a significant portion of its budget is allocated to its core programs. This is a positive indicator of the organization's efficiency and focus on its mission. Additionally, it maintains a low liabilities to assets ratio of 16.34%, further illustrating its financial stability.
There are no notable limitations or concerns highlighted in the data, suggesting that Pine Oaks III Inc operates effectively and responsibly. Overall, the organization exemplifies best practices in nonprofit governance and fiscal management, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Pine Oaks Iii Inc legitimate?
Pine Oaks Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pine Oaks Iii 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,682
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What is the mission statement of Pine Oaks Iii Inc?
Pine Oaks III Inc is committed to a mission of providing affordable housing options for the elderly. This organization strives to make housing accessible for individuals in their golden years who may have limited income. By offering affordable housing, Pine Oaks III Inc aims to contribute positively to the well-being and living standards of this specific demographic. The organization's activities are centered around this mission, ensuring that the elderly have a place to call home without the burden of exorbitant housing costs.
What is the revenue of Pine Oaks Iii Inc?
Pine Oaks Iii Inc's revenue in 2023 was $667,046.
Who are the executives of Pine Oaks Iii Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Pine Oaks Iii Inc?
Pine Oaks Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pine Oaks Iii Inc
Pine Oaks III Inc, as a nonprofit organization, is committed to providing affordable housing for the elderly. Their mission is centered around alleviating the housing expenses for this demographic, ensuring they can live comfortably without financial strain. The organization carries out this mission by offering low-income housing options specifically designed for the elderly. This dedication to elderly welfare is reflected in their day-to-day activities, which are solely focused on meeting the housing needs of this age group.
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Impact
July, 2024
Pine Oaks III Inc's impact lies in providing affordable low-income housing for the elderly in Harwich, MA. By offering these housing options, Pine Oaks III Inc contributes to enhancing the quality of life for elderly individuals who may otherwise struggle to afford suitable housing. This organization plays a crucial role in addressing the housing needs of a vulnerable population, ensuring they have a safe and comfortable place to call home. Through its mission of providing affordable housing for the elderly, Pine Oaks III Inc directly impacts the well-being and stability of the elderly residents it serves.
This information is meant to be a general summary of Pine Oaks Iii 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 2023.
- Investment Income: $779
- Program Service Revenue: $388,337
- Gross Receipts: $667,046
Assets and Liabilities:
- Total Assets: $4,121,117
- Total Liabilities: $659,387
- Net Assets: $3,461,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANTS RENTAL INCOME-NET
Revenue
$347,441
OTHER RESIDENTIAL CHARGES
Revenue
$37,366
LAUNDRY RECEIPTS
Revenue
$3,530
Organization Details
Founding Year
1996
Principal Officer
Gregory Y Winston
NTEE Category
Code: L20 - Housing
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