Overview
What is Palace Renaissance Inc?
Palace Renaissance Inc is a nonprofit organization situated in New York City, specifically at 131 West 25th Street, 12th Floor. Their primary mission is to offer housing solutions for individuals who have previously experienced homelessness, as well as those with low income or aging population, within the New York City metropolitan area. They operate permanent housing units where residents sign leases and have tenancy rights. These apartments are specifically designed for individuals with a history of mental illness and/or substance abuse. Palace Renaissance Inc serves as a crucial resource for graduates from their safe haven, shelter, and transitional housing programs, often providing an appropriate next step for long-term housing.
Official website here: www.brc.org
Is Palace Renaissance Inc legitimate?
Palace Renaissance Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Palace Renaissance 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.brc.org
What is the mission statement of Palace Renaissance Inc?
Palace Renaissance Inc, as an organization, was established with the primary mission to provide housing solutions for individuals who are homeless, have low income, or are elderly, residing within the New York City metropolitan area. The organization's purpose is to offer permanent housing opportunities to people with a history of mental illness and/or substance abuse, providing them with lease agreements and tenancy rights. The housing provided by Palace Renaissance Inc serves as a crucial resource for graduates from the organization's shelter and transition housing programs, often acting as the subsequent step towards stable housing.
Official website here: www.brc.org
Who is the CEO of Palace Renaissance Inc?
Lawrence Rosenblatt is the Secretary of Palace Renaissance Inc.
Official website here: www.brc.org
What is the revenue of Palace Renaissance Inc?
Palace Renaissance Inc's revenue in 2022 was $210,207.
Official website here: www.brc.org
Who are the executives of Palace Renaissance Inc and what are their salaries?
There 6 volunteers at Palace Renaissance Inc.
Here are 9 key members and their salaries:
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- Related: $347,997
- Other: $60,121
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- Related: $130,956
- Other: $15,565
Official website here: www.brc.org
Where can I find the form 990 for Palace Renaissance Inc?
Palace Renaissance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brc.org
Learn more at the official website: www.brc.org
Mission Statement of Palace Renaissance Inc
Palace Renaissance Inc, a nonprofit organization, was established with a mission to provide housing for homeless, low-income, and aged individuals residing in the New York City metropolitan area. The organization's primary goal is to offer a stable living environment for people who have experienced homelessness, particularly those with a history of mental illness and substance abuse. Palace Renaissance Inc provides various housing services, including units of permanent housing for these individuals. Residents of these apartments have signed leases and enjoy tenancy rights, making them a crucial resource for graduates from the organization's shelters and transitional housing programs. Permanent housing often serves as an appropriate next step for individuals in need of long-term housing solutions. By offering a safe and supportive living environment, Palace Renaissance Inc plays a vital role in helping these individuals rebuild their lives and regain their independence.
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Impact
October, 2024
Palace Renaissance Inc plays a crucial role in alleviating homelessness and providing stable living conditions for vulnerable populations in the New York City metropolitan area. By offering permanent housing solutions specifically tailored for individuals with a history of homelessness, mental illness, and substance abuse, the organization helps to break the cycle of instability that many face.
Through its housing services, residents benefit from signed leases and tenancy rights, fostering a sense of security and autonomy that is essential for rebuilding their lives. The organization's approach not only addresses immediate housing needs but also serves as a vital transition for individuals graduating from various supportive housing programs, such as safe havens, shelters, and transitional housing. This continuity of care ensures that individuals have the opportunity to thrive in an environment that promotes personal stability and community integration.
By focusing on the specific needs of low-income and aged individuals, Palace Renaissance Inc significantly contributes to community improvement by enhancing the quality of life for some of the most marginalized members of society, ultimately promoting a healthier and more equitable urban environment.
This information is meant to be a general summary of Palace Renaissance 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: $15,026
- Program Service Revenue: $195,181
- Gross Receipts: $210,207
Assets and Liabilities:
- Total Assets: $5,665,128
- Total Liabilities: $6,130,232
- Net Assets: -$465,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$195,181
Organization Details
Founding Year
1992
Phone
(212) 803-5700Principal Officer
Lawrence Rosenblatt
Main Address
131 WEST 25TH STREET 12TH FLOOR, NEW YORK, NY, 10001
Website
www.brc.orgNTEE Category
Code: S47 - Community improvement
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