Overview
What is Pemberton Place Housing Corporation?
Pemberton Place Housing Corporation is a nonprofit organization located in Newport, Rhode Island, specifically at 50 Washington Square, 02840. Their primary mission is to provide affordable housing for the elderly and disabled, ensuring that low-income individuals have a suitable living space. They operate a 12-unit complex, which is subsidized by the U.S. Department of Housing and Urban Development (HUD) under Sections 8 and 202 of the U.S. National Housing Act. This nonprofit organization is dedicated to enhancing the living conditions and promoting independence for its residents, contributing positively to the community.
Official website here: www.none
Is Pemberton Place Housing Corporation legitimate?
Pemberton Place Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pemberton Place Housing 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:
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Official website here: www.none
What is the mission statement of Pemberton Place Housing Corporation?
Pemberton Place Housing Corporation's mission is centered around providing housing solutions. Specifically, they focus on serving low and moderate income individuals, with a particular emphasis on the elderly and disabled. This is done through the operation of a 12-unit housing complex, which is subsidized by the U.S. Department of Housing and Urban Development (HUD) under sections 8 and 202 of the National Housing Act. The corporation's goal is to offer a secure living environment for its residents, ensuring they have access to adequate housing.
Official website here: www.none
Who is the CEO of Pemberton Place Housing Corporation?
Stephen Ostiguy is the Director of Pemberton Place Housing Corporation.
Official website here: www.none
What is the revenue of Pemberton Place Housing Corporation?
Pemberton Place Housing Corporation's revenue in 2022 was $190,741.
Official website here: www.none
Who are the executives of Pemberton Place Housing Corporation and what are their salaries?
There 5 volunteers at Pemberton Place Housing Corporation.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Pemberton Place Housing Corporation
Pemberton Place Housing Corporation is dedicated to providing housing solutions for individuals who fall under the categories of low and moderate income, with a specific focus on the elderly and disabled population. The organization's mission is brought to life through the operation of a 12-unit housing complex, which is subsidized by the U.S. Department of Housing and Urban Development (HUD) under Section 8 and 202 of the U.S. National Housing Act. This subsidized housing complex serves as a vital resource, offering a secure and supportive living environment for its elderly residents. By providing affordable housing, Pemberton Place Housing Corporation contributes to the well-being and independence of its residents, allowing them to live with dignity and security.
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Impact
October, 2024
Pemberton Place Housing Corporation significantly impacts the community by providing vital housing for low and moderate-income individuals, particularly elderly and disabled residents. By operating a 12-unit housing complex in Newport, RI, it addresses the critical need for accessible and affordable housing, ensuring that vulnerable populations have a safe place to live. The complex, subsidized by HUD under Sections 8 and 202 of the U.S. National Housing Act, not only enhances the quality of life for its residents but also fosters a sense of community among seniors, allowing them to maintain their independence in a supportive environment. Through its efforts, Pemberton Place Housing Corporation plays a crucial role in reducing homelessness and housing instability for those who need it most.
This information is meant to be a general summary of Pemberton Place Housing 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: $1,334
- Program Service Revenue: $188,672
- Gross Receipts: $190,741
Assets and Liabilities:
- Total Assets: $659,485
- Total Liabilities: $380,445
- Net Assets: $279,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDIES
Revenue
$150,080
TENANT RENTS
Revenue
$38,592
Organization Details
Founding Year
1990
Phone
(401) 423-1561Principal Officer
Stephen Ostiguy
Main Address
50 WASHINGTON SQUARE, NEWPORT, RI, 02840
Website
www.noneNTEE Category
Code: L22Z - Housing
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