Overview
What is Parree Porter Sr Housing Inc?
Parree Porter Sr Housing Inc is a nonprofit organization situated in Vinton, Virginia, dedicated to serving the elderly community. Their primary focus is operating a 73-unit apartment complex, catering specifically to senior residents. Beyond providing housing, they also offer support programs for low-income elderly tenants within the Vinton area. These initiatives aim to enhance the quality of life for the elderly population, ensuring they have a secure and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Parree Porter Sr Housing Inc has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The score is primarily derived from a single beacon score focused on these areas, indicating that the organization maintains a strong commitment to transparency and good governance practices.
The nonprofit boasts a perfect score for its independent board members, with 100% of them being independent, which enhances its accountability. Additionally, it has notable strengths in financial oversight, with no material diversion of assets reported and comprehensive policies in place concerning conflicts of interest, whistleblowing, and document retention. With a program expense ratio of 95.56%, it demonstrates a dedicated focus on its mission-related activities.
However, while the organization shows strong performance in financial aspects, the overall rating does not evaluate program outcomes or impact, which are crucial for fully assessing its effectiveness in meeting its goals. Nonetheless, its strong governance practices suggest that it is on a solid foundation for operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Parree Porter Sr Housing Inc legitimate?
Parree Porter Sr Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parree Porter Sr Housing 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Parree Porter Sr Housing Inc?
Parree Porter Sr Housing Inc's mission is centered around providing housing for the elderly. Located in an unspecified location, the organization operates a 73-unit apartment complex with a commitment to cater to this demographic. Beyond offering housing, they extend their services to low-income elderly tenants by providing additional programs. These programs aim to enhance their living experience and wellbeing, thereby contributing to their overall quality of life.
Who is the CEO of Parree Porter Sr Housing Inc?
Garrick Witherspoon is the Chairman of Parree Porter Sr Housing Inc.
What is the revenue of Parree Porter Sr Housing Inc?
Parree Porter Sr Housing Inc's revenue in 2022 was $486,628.
Who are the executives of Parree Porter Sr Housing Inc and what are their salaries?
There 7 volunteers at Parree Porter Sr Housing Inc.
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Where can I find the form 990 for Parree Porter Sr Housing Inc?
Parree Porter Sr Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Parree Porter Sr Housing Inc
Parree Porter Sr Housing Inc is committed to providing housing for the elderly in a 73-unit apartment complex. This nonprofit organization goes beyond just offering a place to live; it also extends its services to low-income elderly tenants in Vinton, Virginia. Parree Porter Sr Housing Inc's mission is centered around enhancing the lives of the elderly by providing them with a safe and comfortable living environment, along with necessary support services. The organization's efforts aim to ensure that the elderly population can age with dignity and independence, fostering a sense of community and belonging within the apartment complex.
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Impact
July, 2024
Parree Porter Sr Housing Inc operates a 73-unit apartment complex for the elderly in Vinton, Virginia, providing much-needed housing for this demographic. In addition to offering housing, they also run programs aimed at assisting low-income elderly tenants in Vinton, Virginia. Their impact is seen in the improved quality of life and stability they provide to the elderly population in the community, ensuring that they have a safe and affordable place to call home.
This information is meant to be a general summary of Parree Porter Sr Housing 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: $44
- Program Service Revenue: $258,616
- Gross Receipts: $486,628
Assets and Liabilities:
- Total Assets: $4,524,105
- Total Liabilities: $6,355,918
- Net Assets: -$1,831,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$256,514
TENANT CHARGES
Revenue
$1,781
LAUNDRY & VENDING REVE
Revenue
$321
Organization Details
Founding Year
2006
Phone
(252) 946-0110Principal Officer
Garrick Witherspoon
Main Address
PO BOX 1706, WASHINGTON, NC, 27889
NTEE Category
Code: L22 - Housing
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