Overview
What is Presbyterian Housing Corporation?
The Presbyterian Housing Corporation, located in Lexington, Kentucky, is a nonprofit organization that plays a vital role in providing affordable housing solutions for low-income families and individuals. With a total of 152 units available, they manage and operate two housing projects, ensuring that those in need have a place to call home. The organization's mission is deeply rooted in assisting individuals and families who may be financially challenged, providing them with the necessary housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.
Presbyterian Housing Corporation shows solid performance in several key areas, particularly in governance, with a fully independent board and no material diversion of assets. The organization maintains a high program expense ratio of 83.39%, indicating a strong commitment to funding its programs directly. However, the overall rating reflects some significant weaknesses, particularly in accountability and finance practices.
The organization has notable gaps in important policies, such as the absence of a whistleblower policy and document retention practices, which might raise concerns about transparency and accountability. Additionally, the high liabilities to assets ratio of 83.86% signals financial stability issues, potentially affecting its long-term sustainability. While the organization demonstrates strengths in governance and program expenditure, addressing these limitations could enhance its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Housing Corporation legitimate?
Presbyterian Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,722
For more financial information, click here
What is the mission statement of Presbyterian Housing Corporation?
The Presbyterian Housing Corporation's mission is centered around helping out by offering affordable housing options to low-income families and individuals. This mission is carried out through the corporation's ownership and operation of housing projects, providing a total of 152 units. Their primary goal is to make housing more accessible for those who may not have sufficient financial resources.
Who is the CEO of Presbyterian Housing Corporation?
Stan Kramer is the Director of Presbyterian Housing Corporation.
What is the revenue of Presbyterian Housing Corporation?
Presbyterian Housing Corporation's revenue in 2022 was $484,356.
Who are the executives of Presbyterian Housing Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Presbyterian Housing Corporation?
Presbyterian Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Presbyterian Housing Corporation
Presbyterian Housing Corporation is dedicated to aiding in the provision of affordable housing for low-income families and individuals. The organization takes an active role in managing and operating housing projects designed specifically for this demographic, offering a total of 152 units. By providing affordable housing, Presbyterian Housing Corporation aims to contribute to the well-being and stability of these families and individuals, enabling them to focus on other aspects of their lives. The corporation's mission is a testament to its commitment to social justice and equality, ensuring that everyone has access to basic necessities such as shelter.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Presbyterian Housing Corporation's impact is evident in its dedicated efforts to provide affordable housing for low-income families and individuals. By owning and operating two housing projects in Lexington, Kentucky, this organization has made a significant difference in the community. With a total of 152 units available, Presbyterian Housing Corporation is directly addressing the pressing need for accessible housing options for those in need. Their mission to assist low-income families and individuals in securing safe and affordable housing exemplifies their commitment to creating positive change and improving the lives of those they serve.
This information is meant to be a general summary of Presbyterian 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: $272,066
- Program Service Revenue: $50,778
- Gross Receipts: $484,356
Assets and Liabilities:
- Total Assets: $4,401,703
- Total Liabilities: $925,791
- Net Assets: $3,475,912
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$50,787
RENTAL INCOME
Revenue
-$9
Organization Details
Founding Year
1970
Phone
(859) 225-3334Principal Officer
Stan Kramer
Main Address
1510 VERSAILLES ROAD, LEXINGTON, KY, 40504
NTEE Category
Code: L200 - Housing
If you are a representative of Presbyterian Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.