Overview
What is Praxis Housing Initiatives Inc?
Praxis Housing Initiatives Inc is a New York-based nonprofit organization dedicated to providing supportive housing to formerly homeless individuals with multiple diagnoses, such as HIV/AIDS, mental health, and chemical dependency. They currently manage 988 housing units, offering both transitional and permanent solutions, and serve a total of 1,395 adults and children. Their mission emphasizes stabilizing chronically homeless people and helping them recover, attain stability, and ultimately, achieve independence. Praxis Housing Initiatives offers a range of programs, including four congregate and four scatter site housing programs for individuals diagnosed with HIV/AIDS or living with AIDS, as well as three transitional housing programs for homeless families with and without children. Their services extend beyond housing, providing essential support services to ensure the success of their residents' recovery journey.
Official website here: www.praxishousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Praxis Housing Initiatives Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement with an overall score of 66%. The organization shows strengths in governance, with a fully independent board and established policies for conflict of interest, whistleblower protection, and document retention. However, the lack of financial transparency is concerning, as the charity has not provided financial statements, which significantly impacts its accountability score.
Despite the absence of financial documents, Praxis Housing demonstrates a strong commitment to its programs, with an impressive program expense ratio of 94.36%. This suggests that the majority of its funding is directed towards fulfilling its mission rather than administrative costs. However, the organization's liabilities to assets ratio of 84.19% raises questions about its financial health and sustainability in the long run.
Overall, while Praxis Housing Initiatives Inc showcases strong governance and a commitment to its programs, the lack of financial transparency and high liabilities could hinder its credibility and effectiveness. Improvements in these areas would be beneficial for the organization to gain the trust and support of potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Praxis Housing Initiatives Inc legitimate?
Praxis Housing Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Praxis Housing Initiatives 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: $543,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,357,849
For more financial information, click here
Official website here: www.praxishousing.org
What is the mission statement of Praxis Housing Initiatives Inc?
Praxis Housing Initiatives Inc is dedicated to stabilizing chronically homeless individuals with multiple diagnoses, including HIV/AIDS, mental health, chemical dependency, and other special needs. Through the provision of clean, safe housing and support services, Praxis aims to help these individuals recover, achieve stability, and ultimately, gain independence. The organization operates various transitional and permanent supportive housing programs, serving a total of 1395 adults and children. Their efforts include four congregate transitional programs for people living with HIV/AIDS, four scatter site programs for eligible homeless families affected by AIDS or HIV, two newly constructed permanent supportive housing programs for special needs populations, and three transitional programs for homeless families with and without children. Praxis Housing Initiatives Inc currently operates a total of 988 housing units.
Official website here: www.praxishousing.org
Who is the CEO of Praxis Housing Initiatives Inc?
Svein Jorgensen is the Chairman of Praxis Housing Initiatives Inc. The CEO's salary of Praxis Housing Initiatives Inc is $278,197 and their total compensation is $286,744.
Official website here: www.praxishousing.org
What is the revenue of Praxis Housing Initiatives Inc?
Praxis Housing Initiatives Inc's revenue in 2022 was $35,320,830.
Official website here: www.praxishousing.org
Who are the executives of Praxis Housing Initiatives Inc and what are their salaries?
The average compensation at Praxis Housing Initiatives Inc during 2022 was $20,004. There are 345 employees and 8 volunteers at Praxis Housing Initiatives Inc.
Here are 10 key members and their salaries (Praxis Housing Initiatives Inc's CEO's salary is $278,197 and their total compensation is $286,744):
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- Compensation: $278,197
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- Other: $8,547
- Compensation: $187,613
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- Other: $13,631
Official website here: www.praxishousing.org
Where can I find the form 990 for Praxis Housing Initiatives Inc?
Praxis Housing Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.praxishousing.org
Learn more at the official website: www.praxishousing.org
Mission Statement of Praxis Housing Initiatives Inc
Praxis Housing Initiatives Inc, a dedicated provider of supportive housing, strives to stabilize chronically homeless individuals with multiple diagnoses, including HIV/AIDS, mental health, and chemical dependency. By offering clean and safe housing, this mission-driven organization facilitates the recovery, stability, and eventual independence of these individuals.
Praxis Housing Initiatives currently manages four congregate transitional supportive housing programs specifically for people diagnosed with HIV/AIDS. In addition, they oversee four scatter site programs that provide quality supportive housing and ancillary services to eligible homeless families affected by AIDS or HIV. Furthermore, they have established two newly constructed permanent supportive housing programs for special needs populations that meet the NY/NY III criteria. Lastly, they operate three transitional programs for homeless families with and without children. Currently, Praxis Housing Initiatives serves a total of 1,395 adults and children through their 988 housing units.
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Impact
October, 2024
Praxis Housing Initiatives Inc. makes a significant impact by providing crucial transitional and permanent supportive housing for individuals and families affected by homelessness, particularly those diagnosed with HIV/AIDS and other special needs. Currently, Praxis operates four congregate transitional supportive housing programs and four scatter-site programs, catering to formerly homeless individuals and families.
With a total of 988 housing units, Praxis supports 1,395 adults and children, ensuring they have access to safe and stable living conditions. The organization plays a vital role in addressing the complexities of chronic homelessness, particularly for those with multiple diagnoses such as HIV/AIDS, mental health issues, and chemical dependencies. By offering clean, safe housing and essential support services, Praxis aids individuals in their journey towards recovery, stability, and independence.
Furthermore, the newly constructed permanent supportive housing programs reflect a commitment to meeting the needs of special populations, fulfilling NY/NY III criteria and further expanding support for homeless families. Overall, Praxis Housing Initiatives Inc. fosters a path to recovery and self-sufficiency for some of the most vulnerable communities in New York City.
This information is meant to be a general summary of Praxis Housing Initiatives 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: $42,190
- Program Service Revenue: $352,320
- Gross Receipts: $35,320,830
Assets and Liabilities:
- Total Assets: $18,010,382
- Total Liabilities: $8,282,736
- Net Assets: $9,727,646
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$352,320
Organization Details
Founding Year
1995
Phone
(212) 293-8404Principal Officer
Svein Jorgensen
Main Address
130 WEST 29TH STREET 7TH FLOOR, NEW YORK, NY, 10001
Website
www.praxishousing.orgNTEE Category
Code: L25 - Housing
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