Overview
What is Providence Community Housing?
Providence Community Housing is a nonprofit organization situated in New Orleans, Louisiana, specifically at 2117 Ursulines Avenue, LA 70116. Their primary mission is to improve lives and communities by developing and preserving affordable housing. This involves managing various types of rental properties, including individual units, multi-family homes, and senior housing, serving as both a direct owner and a general partner. Currently, they oversee a total of 1,239 rental units. Apart from property management, Providence Community Housing aims to connect the individuals and families residing in these properties to opportunities that can positively impact their lives, thereby enhancing their overall quality of existence.
Official website here: www.providencecommunityhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Providence Community Housing has received a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial management. The charity's score reflects its excellent performance in various areas, particularly its 100% independent board and robust financial oversight mechanisms. This rating underscores the organization's transparency and effectiveness in managing its resources.
The organization boasts an impressive program expense ratio of 81.89%, showcasing its dedication to directing a significant portion of its funds toward its programs rather than administrative costs. Additionally, it has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its credibility and operational integrity.
While the data highlights no significant weaknesses, the evaluation is entirely based on accountability and finance, which may not capture the full spectrum of organizational impact or program effectiveness. Overall, Providence Community Housing stands out for its financial health and governance, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Community Housing legitimate?
Providence Community Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Community Housing 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: $415,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $514,121
For more financial information, click here
Official website here: www.providencecommunityhousing.org
What is the mission statement of Providence Community Housing?
Providence Community Housing's mission is centered around transforming lives and communities. They achieve this by focusing on the development and preservation of affordable housing. By doing so, they provide opportunities that improve the quality of life for individuals and families. Their mission extends beyond just providing homes; they also aim to connect these communities to resources and chances that enhance their overall well-being. This organization's work is not limited to managing rental properties; they oversee a range of housing options, including individual, multi-family, and senior living spaces. Currently, they manage 1,239 units under this program.
Official website here: www.providencecommunityhousing.org
Who is the CEO of Providence Community Housing?
Ryan Herringshaw is the Secretary of Providence Community Housing. The CEO's salary of Providence Community Housing is $176,219 and their total compensation is $181,055.
Official website here: www.providencecommunityhousing.org
What is the revenue of Providence Community Housing?
Providence Community Housing's revenue in 2022 was $2,635,399.
Official website here: www.providencecommunityhousing.org
Who are the executives of Providence Community Housing and what are their salaries?
The average compensation at Providence Community Housing during 2022 was $84,486. There are 11 employees at Providence Community Housing.
Here are 16 key members and their salaries (Providence Community Housing's CEO's salary is $176,219 and their total compensation is $181,055):
- Compensation: $176,219
- Related: $0
- Other: $4,836
- Compensation: $121,645
- Related: $0
- Other: $21,773
- Compensation: $117,358
- Related: $0
- Other: $7,871
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Official website here: www.providencecommunityhousing.org
Where can I find the form 990 for Providence Community Housing?
Providence Community Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providencecommunityhousing.org
Learn more at the official website: www.providencecommunityhousing.org
Mission Statement of Providence Community Housing
Providence Community Housing, as a nonprofit organization, is committed to transforming lives and revitalizing communities. Their mission is achieved through the development and preservation of affordable housing units. By doing so, they provide individuals and families with a stable living environment, serving over 1,239 units currently in service. Beyond providing housing, Providence Community Housing also connects these residents to opportunities that enhance their quality of life. This holistic approach aims to empower the community members, helping them to improve their living conditions and prospects.
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Impact
October, 2024
Providence Community Housing significantly impacts the New Orleans community by transforming lives and neighborhoods through affordable housing development and preservation. By providing high-quality, affordable homes, they help individuals and families access better living conditions, which is fundamental for enhancing overall quality of life.
With 1,239 rental units currently in service, their asset management program ensures the effective oversight of both individual and multi-family residences, including specialized senior housing. This not only promotes housing stability but also fosters a sense of community among residents. Additionally, Providence Community Housing connects families to various opportunities, enabling them to thrive economically, socially, and personally. Their focus on affordable housing plays a crucial role in addressing the housing crisis in New Orleans, ultimately leading to revitalized neighborhoods and improved community well-being.
This information is meant to be a general summary of Providence Community Housing. 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: $383,271
- Program Service Revenue: $747,202
- Gross Receipts: $2,782,054
Assets and Liabilities:
- Total Assets: $22,812,839
- Total Liabilities: $10,651,231
- Net Assets: $12,161,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
OTHER RESIDENT INCOME
Revenue
$12,852
PROGRAM INCOME- NOTES REC
Revenue
$782,792
PROGRAM RENTAL INCOME
Revenue
$274,580
PROGRAM SERVICE REV-OTHER
Revenue
$40,846
Organization Details
Founding Year
2006
Phone
(504) 821-7222Principal Officer
Ryan Herringshaw
Main Address
2117 URSULINES AVENUE, NEW ORLEANS, LA, 70116
NTEE Category
Code: L20 - Housing
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