Overview
What is Paragon Residential Solutions Corporation?
Paragon Residential Solutions Corporation, based in Warren, Ohio, is a service-oriented organization with a focus on managing and enhancing programs. Their primary mission involves the rehabilitation and construction of affordable housing units, as well as conducting readiness assessments. This nonprofit corporation works diligently to improve living conditions and contribute to the development of affordable housing solutions in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star rating.
Paragon Residential Solutions Corporation has received a low rating primarily due to its poor financial performance and accountability measures. While the organization does have a fully independent board and has not shown material diversion of assets, it lacks essential policies such as a whistleblower policy and document retention and destruction policy. These deficiencies in governance raise concerns about transparency and operational integrity.
Financially, the organization has a program expense ratio of only 15.15%, indicating that a minimal portion of its expenditures is directed towards its mission-driven programs. Additionally, a liabilities-to-assets ratio of 1.81% suggests potential risks in its financial health. The lack of accessible tax forms on its website further complicates the evaluation of its financial practices. Overall, while there are strengths in board independence and conflict of interest policies, significant weaknesses in financial management and governance are evident.
This AI summary has been generated from information found on Charity Navigator.
Is Paragon Residential Solutions Corporation legitimate?
Paragon Residential Solutions Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paragon Residential Solutions 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: $8,568
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What is the mission statement of Paragon Residential Solutions Corporation?
Paragon Residential Solutions Corporation's mission is to offer management and technical services for programs that involve the rehabilitation and construction of affordable housing, as well as providing readiness assessments. Their primary goal is to contribute to these projects, ensuring they are successfully carried out. The corporation's role is to support the process, from initial planning to final assessment, aiming to contribute to the creation of affordable housing options for various communities.
Who is the CEO of Paragon Residential Solutions Corporation?
Gloria J Gray is the President of Paragon Residential Solutions Corporation.
What is the revenue of Paragon Residential Solutions Corporation?
Paragon Residential Solutions Corporation's revenue in 2022 was $124,965.
Who are the executives of Paragon Residential Solutions Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Paragon Residential Solutions Corporation?
Paragon Residential Solutions Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paragon Residential Solutions Corporation
Paragon Residential Solutions Corporation is committed to providing management and technical services for programs that involve the rehabilitation and construction of affordable housing. Their mission is to ensure that these programs are successful by providing readiness assessments. In simpler terms, this nonprofit organization plays a crucial role in overseeing the renovation and construction of affordable housing units, while also evaluating their readiness for operation. This mission is aimed at improving the living conditions of individuals and families with limited financial means.
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Impact
October, 2024
Paragon Residential Solutions Corporation significantly impacts communities by facilitating the rehabilitation and new construction of affordable housing. By providing essential management and technical services, they ensure that housing projects are executed efficiently and effectively, addressing the critical need for accessible living spaces. Their readiness assessments also play a vital role in preparing communities for sustainable housing solutions, empowering individuals and families to achieve stable and affordable living conditions. Based in Warren, OH, Paragon's initiatives contribute to the overall well-being of neighborhoods, fostering economic stability and enhancing quality of life for residents.
This information is meant to be a general summary of Paragon Residential Solutions 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: $6
- Gross Receipts: $124,965
Assets and Liabilities:
- Total Assets: $277,097
- Total Liabilities: $18,533
- Net Assets: $258,564
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Organization Details
Founding Year
2005
Phone
(330) 369-1533Principal Officer
Gloria J Gray
Main Address
4076 Youngstown Road SE, Warren, OH, 44484
NTEE Category
Code: L25 - Housing
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