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Pecan Valley Apartments Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201970059 ✦ Melbourne, AR ✦ Designated as a 501(c)(3)

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Overview

What is Pecan Valley Apartments Inc?

Pecan Valley Apartments Inc is a nonprofit organization that specializes in providing housing solutions for low-income families, leveraging federal assistance. Their mission is centered around offering comfortable living spaces to this particular demographic. Beyond housing, they also cater to the needs of the elderly and disabled communities, ensuring that their services are inclusive and comprehensive. The organization's role extends beyond mere accommodation, providing a supportive environment for these vulnerable populations.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (73% - Two-Star out of Four Star rating)

Pecan Valley Apartments Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operations and accountability measures. The organization demonstrates strength in areas such as having a fully independent board, with a score of 10 out of 10 in both majority independent board members and independent board size, as well as maintaining a low liabilities to assets ratio of 2.57%.

Despite these strong points, there are notable weaknesses in the organization's governance practices. Pecan Valley Apartments Inc has received zero points for missing key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, the absence of a tax form website disclosure has also impacted its overall rating, suggesting areas that require immediate attention for improvement.


This AI summary has been generated from information found on Charity Navigator.

Is Pecan Valley Apartments Inc legitimate?

Pecan Valley Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pecan Valley Apartments 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

For more financial information, click here

What is the mission statement of Pecan Valley Apartments Inc?

Pecan Valley Apartments Inc, as a organization, is committed to providing housing assistance to families with low income, leveraging federal resources. Their mission encompasses offering accommodations to these families, while also providing specialized programs for the elderly and disabled individuals. In essence, Pecan Valley Apartments Inc aims to make housing more accessible for those who require financial aid, ensuring that they can maintain a stable living environment.

Who is the CEO of Pecan Valley Apartments Inc?

Katy Blevins is the Past Preside of Pecan Valley Apartments Inc.

What is the revenue of Pecan Valley Apartments Inc?

Pecan Valley Apartments Inc's revenue in 2022 was $121,276.

Who are the executives of Pecan Valley Apartments Inc and what are their salaries?


Here are 4 key members and their salaries:


Mike Cone (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bridget Mcspadden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Rush (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katy Blevins (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pecan Valley Apartments Inc?

Pecan Valley Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Pecan Valley Apartments Inc

Pecan Valley Apartments Inc, as a nonprofit organization, is dedicated to providing housing assistance to families with low incomes, leveraging federal funds for this purpose. Their mission is centered around offering suitable living spaces for these families, ensuring they have a stable and secure environment. Beyond housing, the organization also caters to the needs of the elderly and disabled residents, extending its services to support these vulnerable groups within the community.

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Impact




October, 2024

Pecan Valley Apartments Inc plays a crucial role in the Melbourne, AR community by providing affordable housing options to low-income families. By offering federally assisted housing, the organization ensures that families facing financial challenges have access to safe and stable living conditions. This support is particularly vital in fostering a sense of community and improving the overall quality of life for residents.

In addition to housing, Pecan Valley Apartments Inc offers specialized programs aimed at aiding the elderly and disabled, addressing their unique needs and enhancing their well-being. This holistic approach not only promotes housing security but also encourages social engagement and independence among vulnerable populations.

Overall, Pecan Valley Apartments Inc significantly impacts the community by alleviating housing insecurity, supporting families in need, and promoting inclusivity for marginalized groups.




This information is meant to be a general summary of Pecan Valley Apartments 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.

Revenue
$121,276 (2022)
Expenses
$171,287 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $32
  • Program Service Revenue: $90,720
  • Gross Receipts: $121,276

Assets and Liabilities:

  • Total Assets: $1,251,894
  • Total Liabilities: $18,293
  • Net Assets: $1,233,601

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT REVENUE

Revenue

$90,720

Organization Details

Founding Year

2004

Principal Officer

Katy Blevins

Main Address

PO BOX 650, MELBOURNE, AR, 72556

NTEE Category

Code: L22 - Housing

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