Overview
What is Piney Ridge Apartments Corporation Ii?
Piney Ridge Apartments Corporation II is a nonprofit organization situated in Danville, Virginia. Their primary mission is to provide housing solutions for adults grappling with serious mental illnesses. Through the provision of a subsidized 9-unit apartment complex, they aim to create a supportive living environment for these individuals, contributing positively to their well-being and overall quality of life. By providing housing, the organization plays a crucial role in empowering individuals with mental illnesses to lead more independent and fulfilling lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Piney Ridge Apartments Corporation II has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. While the organization demonstrates strong accountability in aspects such as board independence and asset management, it has several deficiencies, particularly in transparency and governance policies. The high program expense ratio of 100% suggests that all funds are allocated towards programmatic activities, which is a positive indicator of mission-focused spending.
Despite its strengths in financial accountability, the organization lacks critical documents that are essential for governance, including a conflict of interest policy, a whistleblower policy, and a document retention policy. The absence of these policies raises concerns about the overall oversight and operational integrity of the nonprofit. Furthermore, the organization's website is not linked on its tax forms, which can hinder public access to important information.
Overall, while Piney Ridge Apartments Corporation II excels in certain financial metrics, its rating highlights significant areas requiring attention and improvement. Strengthening governance policies and enhancing transparency could help elevate its rating and foster greater trust with the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Piney Ridge Apartments Corporation Ii legitimate?
Piney Ridge Apartments Corporation Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Piney Ridge Apartments Corporation Ii 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:
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What is the mission statement of Piney Ridge Apartments Corporation Ii?
Piney Ridge Apartments Corporation II is dedicated to providing housing for adults struggling with serious mental illness. Their mission is to offer a suitable living environment for these individuals, ensuring they have a place to call home. To accomplish this, they have established a HUD-subsidized 9-unit apartment complex, specifically designed for adults dealing with serious mental illness. The corporation aims to contribute positively to their residents' lives, providing them with a safe and supportive space.
Who is the CEO of Piney Ridge Apartments Corporation Ii?
James F Bebeau is the President of Piney Ridge Apartments Corporation Ii.
What is the revenue of Piney Ridge Apartments Corporation Ii?
Piney Ridge Apartments Corporation Ii's revenue in 2022 was $37,804.
Who are the executives of Piney Ridge Apartments Corporation Ii and what are their salaries?
Here are 16 key members and their salaries:
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- Related: $207,241
- Other: $32,372
Where can I find the form 990 for Piney Ridge Apartments Corporation Ii?
Piney Ridge Apartments Corporation Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Piney Ridge Apartments Corporation Ii
Piney Ridge Apartments Corporation II is a nonprofit organization dedicated to providing housing for adults struggling with serious mental illnesses. Their mission is to offer a sanctuary where individuals in need can reside, with a specific focus on providing housing solutions. To achieve this, the organization operates a HUD-subsidized apartment complex, housing nine units, specifically designed for adults with serious mental illnesses. This housing facility aims to provide a safe and supportive environment, enabling these individuals to manage their conditions more effectively and lead fulfilling lives.
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Impact
August, 2024
Piney Ridge Apartments Corporation II provides crucial housing for adults with serious mental illness in Danville, VA. By offering a HUD subsidized 9-unit apartment complex, this organization plays a vital role in supporting individuals who may face significant challenges in finding safe and stable housing. Their impact is felt directly by those residents who benefit from access to a supportive living environment that caters to their unique needs. Through their mission of providing housing to adults with serious mental illness, Piney Ridge Apartments Corporation II contributes to improving the quality of life for this vulnerable population.
This information is meant to be a general summary of Piney Ridge Apartments Corporation Ii. 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: $4
- Program Service Revenue: $37,800
- Gross Receipts: $37,804
Assets and Liabilities:
- Total Assets: $719,149
- Total Liabilities: $7,990
- Net Assets: $711,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$37,800
Organization Details
Founding Year
2006
Phone
(434) 799-0456Principal Officer
James F Bebeau
Main Address
245 HAIRSTON STREET, DANVILLE, VA, 245404137
NTEE Category
Code: L22 - Housing
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