Overview
What is Pendennis Inc?
Pendennis Inc, located in Canaan, New York, is a nonprofit organization dedicated to promoting independent living for individuals with Intellectual and Developmental Disabilities (IDD). Their primary approach is through community education and the creation of affordable housing, ensuring that those with IDD have the opportunity to live independently, without relying on direct service provision. They achieve this by being the majority owner of a shared home for three men with IDD, covering all maintenance and improvement costs while collecting rental income from their Social Security Disability Income and housing subsidy provided by the New York State Office for People With Developmental Disabilities.
Is Pendennis Inc legitimate?
Pendennis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pendennis 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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What is the mission statement of Pendennis Inc?
Pendennis Inc, as an organization, is committed to supporting the independent living of individuals with Intellectual and Developmental Disabilities. This is achieved through two key methods: community education and the provision of affordable housing. The organization does not directly provide services but instead focuses on creating housing options that are financially accessible, thereby empowering these individuals to live independently. Pendennis Inc's mission is to enhance the quality of life for these individuals, enabling them to lead autonomous lives with dignity and independence. The organization's efforts extend to managing properties, ensuring maintenance and capital improvements, and collecting rental income from its residents, primarily sourced from their Social Security Disability Income and housing subsidies from the New York State Office for People With Developmental Disabilities.
Who is the CEO of Pendennis Inc?
John Maltby is the President of Pendennis Inc.
What is the revenue of Pendennis Inc?
Pendennis Inc's revenue in 2022 was $14,589.
Who are the executives of Pendennis Inc and what are their salaries?
There 10 volunteers at Pendennis Inc.
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Where can I find the form 990 for Pendennis Inc?
Pendennis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pendennis Inc
Pendennis Inc, a dedicated organization, aims to promote independent living for individuals with Intellectual and Developmental Disabilities (I/DD). They accomplish this mission through two primary avenues. Firstly, Pendennis engages in Community Education, spreading awareness and fostering understanding of the unique needs and capabilities of individuals with I/DD. Secondly, the nonprofit directly contributes to the creation of affordable housing for these individuals, ensuring they can live independently, without the need for extensive service provision.
To achieve this, Pendennis is the sole member of Tisbury LLC, a disregarded entity. Tisbury, in turn, is the majority owner of a property housing three men with I/DD. As the property manager, Tisbury takes care of all maintenance and capital improvements, while the rental income is derived from the men's Social Security Disability Income and their housing subsidy from the New York State Office for People With Developmental Disabilities. This innovative approach allows these individuals to maintain their independence while receiving necessary support.
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Impact
August, 2024
Pendennis Inc's impact can be seen in its mission to support independent living for people with Intellectual and Developmental Disabilities. Through community education and the provision of affordable housing, Pendennis Inc is empowering individuals to live more independent and fulfilling lives. By creating affordable housing independently of service provision, Pendennis Inc is enabling individuals with disabilities to have a stable and supportive living environment. The organization's efforts contribute to enhancing the quality of life for individuals with I/DD and promoting inclusivity within the community.
This information is meant to be a general summary of Pendennis 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: $67
- Gross Receipts: $53,142
Assets and Liabilities:
- Total Assets: $191,333
- Total Liabilities: $189,233
- Net Assets: $2,100
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Organization Details
Founding Year
1997
Phone
(631) 662-7967Principal Officer
John Maltby
Main Address
PO Box 189, Canaan, NY, 12029
NTEE Category
Code: P820 - Human services
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