Overview
What is Properties Management Unlimited Corporation?
Properties Management Unlimited Corporation is a nonprofit organization based in Portage, Michigan. Their primary mission is to provide low-income housing and property management services to vulnerable individuals, such as the elderly, those with mental or developmental disabilities, and people suffering from debilitating illnesses. By doing so, they aim to support individuals who require assistance in functioning independently in the community. Their services extend to managing group homes, apartments, and other residential settings for these individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Stars
Properties Management Unlimited Corporation has received an 87% score from Charity Navigator, resulting in a Three-Star rating, indicating a solid level of accountability and financial health. This rating is derived from an extensive evaluation of the organization's accountability and finance practices, which showcases their commitment to transparent operations.
The organization excels in several key areas, including having a majority of independent board members and a robust audit and oversight committee. Additionally, they maintain strong policies regarding conflict of interest, whistleblower protection, and document management, all of which contribute to their financial integrity. Their program expense ratio is also commendable at 85.43%, reflecting a strong focus on programmatic spending.
However, while the rating is positive, it is important to note that the score is based solely on the Accountability & Finance beacon, and there may be other factors that potential donors or stakeholders should consider. Overall, Properties Management Unlimited Corporation demonstrates a responsible approach to financial management and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Properties Management Unlimited Corporation legitimate?
Properties Management Unlimited Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Properties Management Unlimited Corporation 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 Properties Management Unlimited Corporation?
Properties Management Unlimited Corporation is committed to providing low-income housing and property management services to vulnerable individuals. Specifically, they cater to the needs of the low-income elderly, as well as mentally and/or developmentally disabled people. In their role as a management company, they oversee group homes, apartments, and various residential settings for individuals who are developmentally disabled, mentally ill, elderly, children, and those afflicted with debilitating illnesses that hinder their ability to live independently in the community without support.
Who is the CEO of Properties Management Unlimited Corporation?
Lance Shave is the Secretary of Properties Management Unlimited Corporation.
What is the revenue of Properties Management Unlimited Corporation?
Properties Management Unlimited Corporation's revenue in 2022 was $559,461.
Who are the executives of Properties Management Unlimited Corporation and what are their salaries?
There 2 volunteers at Properties Management Unlimited Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $193,672
- Other: $7,968
Where can I find the form 990 for Properties Management Unlimited Corporation?
Properties Management Unlimited Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Properties Management Unlimited Corporation
Properties Management Unlimited Corporation, a management company, is dedicated to providing essential housing and property management services to vulnerable individuals. Their mission specifically caters to low-income populations, including the elderly, mentally and developmentally disabled people, children, and those suffering from debilitating illnesses that hinder their ability to live independently in the community. In practice, this corporation has served as a manager for group homes, apartments, and various residential settings for these groups of individuals, ensuring they have access to safe and supportive living environments.
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Impact
July, 2024
Properties Management Unlimited Corporation's impact is significant in providing low-income housing and property management services to vulnerable individuals in Portage, MI. By serving as a management company for group homes, apartments, and other residential settings, they cater to the needs of people who are developmentally disabled, mentally ill, elderly, children, and those suffering from debilitating illnesses that hinder independent functioning in the community without support. Their mission to offer affordable housing and effective property management services to those in need, such as low-income elderly and individuals with disabilities, plays a crucial role in supporting the well-being and stability of these marginalized populations.
This information is meant to be a general summary of Properties Management Unlimited Corporation. 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: $56,853
- Program Service Revenue: $502,608
- Gross Receipts: $622,860
Assets and Liabilities:
- Total Assets: $3,282,936
- Total Liabilities: $1,324,017
- Net Assets: $1,958,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$502,608
Organization Details
Founding Year
2003
Phone
(269) 323-9903Principal Officer
Lance Shave
Main Address
PO BOX 995, PORTAGE, MI, 49081
NTEE Category
Code: L20 - Housing
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