Overview
What is Pbh Housing Of Plainfield Inc?
Pbh Housing of Plainfield Inc is a nonprofit organization that focuses on addressing the housing needs of low-income elderly individuals. Based on the information provided, their primary activity involves providing rental housing through their senior citizens housing and retirement communities programs. This mission is an essential part of their efforts to cater to the unique needs of the elderly population, ensuring they have suitable living accommodations. Pbh Housing of Plainfield Inc continues to operate and serves as a vital resource to support the elderly community in Plainfield and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Pbh Housing Of Plainfield Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial health. The overall score is primarily based on its Accountability & Finance, which is rated at 58%. While the organization shows strengths in board independence and program expense ratio, it faces notable challenges with its liabilities to assets ratio, which stands at 143.16%, suggesting potential financial instability.
Strengths of Pbh Housing include a fully independent board and a high program expense ratio of 84.33%, indicating that a substantial portion of its expenses goes directly towards its programs. Additionally, the organization has no reported material diversion of assets and documents its board meeting minutes, which reflects a commitment to transparency and governance.
However, the high liabilities to assets ratio raises red flags about the organization's financial sustainability. While the leadership positions are listed with no salaries, which may reflect a commitment to reducing overhead costs, the overall financial metrics imply that Pbh Housing may need to address its financial management to improve its rating and effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Pbh Housing Of Plainfield Inc legitimate?
Pbh Housing Of Plainfield Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pbh Housing Of Plainfield 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
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What is the mission statement of Pbh Housing Of Plainfield Inc?
Pbh Housing Of Plainfield Inc's mission is centered around providing rental housing for individuals with low income, specifically focusing on the elderly population. Through their senior citizens housing and retirement communities programs, they aim to fulfill the housing needs of this demographic. The organization's mission is geared towards catering to the unique housing requirements of the elderly population.
Who is the CEO of Pbh Housing Of Plainfield Inc?
Steven W Farner is the Principal Officer of Pbh Housing Of Plainfield Inc.
What is the revenue of Pbh Housing Of Plainfield Inc?
Pbh Housing Of Plainfield Inc's revenue in 2022 was $170,267.
Who are the executives of Pbh Housing Of Plainfield Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pbh Housing Of Plainfield Inc?
Pbh Housing Of Plainfield Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pbh Housing Of Plainfield Inc
Pbh Housing Of Plainfield Inc is dedicated to serving the housing needs of low-income elderly individuals. This nonprofit organization achieves this mission through its senior citizens housing and retirement communities programs. Their primary goal is to provide suitable living accommodations for this specific population, ensuring they have a secure and comfortable environment as they age. By offering these housing solutions, Pbh Housing Of Plainfield Inc contributes to the well-being and independence of the elderly population, enabling them to maintain an active and dignified lifestyle.
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Impact
October, 2024
Pbh Housing of Plainfield Inc plays a crucial role in addressing the housing challenges faced by low-income elderly individuals in Putnam, Connecticut. By offering affordable rental housing options, the organization meets essential needs for this vulnerable population, providing them with secure, stable living environments.
The impact of Pbh Housing extends beyond just roof overhead; it fosters a sense of community and connection among residents, promoting social interaction and support systems that are vital for mental and emotional well-being. By focusing specifically on the elderly, the organization recognizes and addresses the unique needs and circumstances of older adults, ensuring they have a safe and dignified living situation.
Through its senior citizens housing and retirement communities programs, Pbh Housing not only contributes to the economic stability of its residents but also enhances their quality of life, allowing them to thrive in their later years.
This information is meant to be a general summary of Pbh Housing Of Plainfield 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: $296
- Program Service Revenue: $169,971
- Gross Receipts: $170,267
Assets and Liabilities:
- Total Assets: $1,545,056
- Total Liabilities: $2,159,438
- Net Assets: -$614,382
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING
Revenue
$169,971
Organization Details
Founding Year
2000
Phone
(860) 564-0838Principal Officer
Steven W Farner
Main Address
C/O PUTNAM BAPTIST HOMES INC 207 SA, PUTNAM, CT, 06260
NTEE Category
Code: L22 - Housing
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