Wanskuck Housing Corporation C/O Phoenix Property Management Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 050384495 ✦ Warwick, RI ✦ Designated as a 501(c)(3)

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Overview

What is Wanskuck Housing Corporation C/O Phoenix Property Management Inc?

Wanskuck Housing Corporation C/O Phoenix Property Management Inc is a nonprofit organization dedicated to providing affordable housing solutions. Specifically, they cater to the needs of elderly and handicapped individuals, as well as offer subsidized housing under HUD Section 202 for a total of 27 units. Their mission is to facilitate housing opportunities for these vulnerable populations, ensuring they have a secure living environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86%, Three-Star out of Four Star Rating

Wanskuck Housing Corporation has received an 86% score from Charity Navigator, indicating a solid level of accountability and financial health. This score reflects a strong emphasis on transparency and governance, as evidenced by its perfect marks for independent board member composition and oversight practices. The organization demonstrates prudent financial management with an impressive program expense ratio of nearly 97%, suggesting that a significant portion of its funds is directed towards its mission.

The charity's financial practices are reinforced by a robust audit and oversight committee, which has received full points in this area. Additionally, the organization maintains comprehensive documentation practices, including thorough retention policies and documented board meeting minutes. This level of diligence indicates that the charity is committed to responsible management and ethical operations.

While the rating showcases many strengths, it is important for potential supporters and beneficiaries to consider the overall effectiveness of the organization's programs beyond financial metrics. However, based on the data available, Wanskuck Housing Corporation appears to be a well-managed organization focused on ensuring that donations are effectively utilized for its intended purposes.


This AI summary has been generated from information found on Charity Navigator.

Is Wanskuck Housing Corporation C/O Phoenix Property Management Inc legitimate?

Wanskuck Housing Corporation C/O Phoenix Property Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wanskuck Housing Corporation C/O Phoenix Property Management 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: $0

For more financial information, click here

What is the mission statement of Wanskuck Housing Corporation C/O Phoenix Property Management Inc?

Wanskuck Housing Corporation, managed by Phoenix Property Management Inc., is committed to providing affordable housing solutions. Specifically, they cater to the needs of elderly and handicapped individuals, offering subsidized housing under the HUD Section 202 program. Their mission encompasses offering affordable living spaces, aiming to make housing more accessible for these groups of individuals. The corporation operates a total of 27 units that fall under this subsidized housing program.

Who is the CEO of Wanskuck Housing Corporation C/O Phoenix Property Management Inc?

Michelle Arena is the President of Wanskuck Housing Corporation C/O Phoenix Property Management Inc.

What is the revenue of Wanskuck Housing Corporation C/O Phoenix Property Management Inc?

Wanskuck Housing Corporation C/O Phoenix Property Management Inc's revenue in 2022 was $580,743.

Who are the executives of Wanskuck Housing Corporation C/O Phoenix Property Management Inc and what are their salaries?

There 7 volunteers at Wanskuck Housing Corporation C/O Phoenix Property Management Inc.


Here are 7 key members and their salaries:


Michelle Arena (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Giammarco (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Edward Cardente (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Passarelli (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Noisco Tamayo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Arena (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernest Spaziano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wanskuck Housing Corporation C/O Phoenix Property Management Inc?

Wanskuck Housing Corporation C/O Phoenix Property Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Wanskuck Housing Corporation C/O Phoenix Property Management Inc

Wanskuck Housing Corporation, under the management of Phoenix Property Management Inc., is dedicated to providing affordable housing solutions for elderly and handicapped individuals. Their mission is centered around offering subsidized housing for individuals who fall under HUD Section 202. The organization manages a total of 27 units, specifically designed to accommodate these individuals, thereby ensuring they have access to safe and comfortable living spaces. The corporation's mission is a crucial contribution to the community, as it addresses the housing needs of a particularly vulnerable population, enabling them to maintain their independence and dignity while living in a secure environment.

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Impact




July, 2024

Wanskuck Housing Corporation C/O Phoenix Property Management Inc's impact lies in providing affordable housing to elderly and handicap persons, as well as subsidized housing for those under HUD Section 202. Their programs consist of 27 units of subsidized housing in Warwick, Rhode Island, fulfilling their mission of offering subsidized housing for persons under HUD Section 202.




This information is meant to be a general summary of Wanskuck Housing Corporation C/O Phoenix Property Management 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.

Revenue
$580,743 (2022)
Expenses
$360,261 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $639
  • Program Service Revenue: $578,713
  • Gross Receipts: $580,743

Assets and Liabilities:

  • Total Assets: $1,756,275
  • Total Liabilities: $64,558
  • Net Assets: $1,691,717

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$578,713

Organization Details

Founding Year

1981

Principal Officer

Michelle Arena

Main Address

931 JEFFERSON BOULEVARD 3001, WARWICK, RI, 02886

NTEE Category

Code: L21 - Housing

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