Overview
What is Center Park Ii Inc?
Center Park II Inc is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 8900 Roosevelt Blvd, 19115. Their primary mission is to offer affordable housing opportunities for low-income senior citizens. They currently serve 66 residents residing in 61 units, enabling them to maintain an independent living environment. The organization strives to ensure the safety, affordability, and effective management of its housing facilities, allowing seniors to socialize and maintain a high quality of life. Center Park II Inc aims to make its facilities accessible to as many senior citizens as possible by planning to develop additional buildings in Philadelphia and its surrounding suburbs. Currently, the organization employs a team of 14 individuals to fulfill its mission.
Official website here: www.federationhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Center Park II Inc has demonstrated a strong commitment to accountability and finance, reflected in its impressive 92% score, which garnered it a Four-Star rating. This rating is based entirely on the Accountability & Finance beacon, which indicates that the organization effectively manages its resources and maintains transparency in its operations.
One of the key strengths of Center Park II Inc includes its governance structure, with 100% independent board members ensuring unbiased decision-making. Additionally, the organization boasts a strong program expense ratio of 90.56%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. The presence of policies such as conflict of interest and whistleblower protections further enhances its reputation for accountability.
While the rating reflects the organization's solid financial practices, it is essential for donors and stakeholders to continue to monitor its performance over time to ensure sustainability and effectiveness in its mission. Overall, Center Park II Inc appears to be a well-managed nonprofit with a focus on transparency and efficient use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Center Park Ii Inc legitimate?
Center Park Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center Park Ii 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,407
For more financial information, click here
Official website here: www.federationhousing.org
What is the mission statement of Center Park Ii Inc?
Center Park II Inc's mission is centered around providing affordable housing for low-income seniors who can maintain independent living. Their objective is to create facilities that allow these residents to reside and socialize, maintaining a high quality of life and activity. Additionally, the organization aims to make its facilities available to as many seniors as possible by developing additional buildings in various locations, such as Philadelphia and its suburbs. The ultimate goal is to offer affordable housing opportunities that enable seniors to live independently with a sense of community and well-being.
Official website here: www.federationhousing.org
Who is the CEO of Center Park Ii Inc?
Jay Weinstein is the President of Center Park Ii Inc.
Official website here: www.federationhousing.org
What is the revenue of Center Park Ii Inc?
Center Park Ii Inc's revenue in 2022 was $561,228.
Official website here: www.federationhousing.org
Who are the executives of Center Park Ii Inc and what are their salaries?
The average compensation at Center Park Ii Inc during 2022 was $9,100. There are 14 employees and 5 volunteers at Center Park Ii Inc.
Here are 6 key members and their salaries:
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- Other: $0
- Compensation: $0
- Related: $251,408
- Other: $22,066
Official website here: www.federationhousing.org
Where can I find the form 990 for Center Park Ii Inc?
Center Park Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.federationhousing.org
Learn more at the official website: www.federationhousing.org
Mission Statement of Center Park Ii Inc
Center Park II Inc is dedicated to providing affordable housing options for low-income seniors who are capable of living independently. Their mission is twofold: firstly, they aim to create housing facilities where these seniors can reside and socialize, ensuring a high quality of life and activity. Secondly, they strive to make their facilities available to as many seniors as possible by developing additional buildings not only in Philadelphia but also in the surrounding suburbs. This organization's goal is to contribute to the well-being of senior citizens by providing them with a safe and affordable living environment, fostering a sense of community, and promoting an active lifestyle.
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Impact
July, 2024
Center Park II Inc has a significant impact by providing safe, affordable, and well-managed housing to low-income seniors in Philadelphia, PA. This organization serves 66 residents in 61 units, allowing these individuals to sustain themselves in independent living environments. By fulfilling its mission to offer affordable housing opportunities while maintaining a high quality of life and social activities for seniors, Center Park II Inc plays a crucial role in supporting the well-being and independence of this vulnerable population. Additionally, the organization's goal of developing additional buildings in Philadelphia and surrounding suburbs extends its reach and impact in providing essential housing options for low-income seniors.
This information is meant to be a general summary of Center Park Ii 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: $2,729
- Program Service Revenue: $558,499
- Gross Receipts: $561,228
Assets and Liabilities:
- Total Assets: $3,837,302
- Total Liabilities: $71,269
- Net Assets: $3,766,033
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PROG
Revenue
$350,620
RENT REVENUE
Revenue
$192,207
LAUNDRY AND VENDING
Revenue
$7,973
MISCELLANEOUS REVENUE
Revenue
$6,964
TENANT CHARGES
Revenue
$735
Organization Details
Founding Year
2000
Phone
(215) 673-6446Principal Officer
Jay Weinstein
Main Address
8900 ROOSEVELT BLVD, PHILADELPHIA, PA, 191155060
Website
www.federationhousing.orgNTEE Category
Code: L22 - Housing
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