Overview
What is Terrace Overview Housing Corporation?
Terrace Overview Housing Corporation is a nonprofit organization situated in Erie, Pennsylvania. Its primary mission is to offer and maintain 10 affordable housing units specifically for adults with developmental disabilities. The corporation accomplishes this objective through its management agent, Housing and Neighborhood Development Service (HANDS), in collaboration with United Communities Independence Program (UCIP). Together, they provide attractive, budget-friendly rental properties to low-income disabled individuals residing in Meadville, Pennsylvania.
Official website here: www.hands-erie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement, 68%
Terrace Overview Housing Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement with an overall score of 68%. The organization demonstrates strong governance practices, including a fully independent board and no material diversion of assets. It also maintains a high program expense ratio, suggesting that a significant portion of its funds goes directly towards its mission.
However, there are several notable weaknesses in the organization’s accountability and finance practices. Key policies, such as the whistleblower and document retention policies, are missing, which raises concerns about transparency and oversight. Additionally, the liabilities to assets ratio is unfavorable at 100.67%, indicating financial instability.
Overall, while Terrace Overview Housing Corporation has strengths in its governance structure and program spending, it faces critical challenges related to transparency and financial health that need to be addressed to improve its standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Terrace Overview Housing Corporation legitimate?
Terrace Overview Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terrace Overview 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: $0
For more financial information, click here
Official website here: www.hands-erie.org
What is the mission statement of Terrace Overview Housing Corporation?
The Terrace Overview Housing Corporation, in collaboration with its management agent Housing and Neighborhood Development Service (HANDS) and United Communities Independence Program (UCIP), is committed to offering appealing and economical rental housing options for low-income disabled individuals. Their mission is to provide and maintain 10 affordable apartment homes specifically designed for adults with developmental disabilities, ensuring they have a suitable living space. This organization aims to contribute positively to the well-being of these individuals, enhancing their quality of life.
Official website here: www.hands-erie.org
Who is the CEO of Terrace Overview Housing Corporation?
Billie Shields is the Principal Officer of Terrace Overview Housing Corporation.
Official website here: www.hands-erie.org
What is the revenue of Terrace Overview Housing Corporation?
Terrace Overview Housing Corporation's revenue in 2022 was $145,500.
Official website here: www.hands-erie.org
Who are the executives of Terrace Overview Housing Corporation and what are their salaries?
There 10 volunteers at Terrace Overview Housing Corporation.
Here are 10 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
- 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
Official website here: www.hands-erie.org
Where can I find the form 990 for Terrace Overview Housing Corporation?
Terrace Overview Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hands-erie.org
Learn more at the official website: www.hands-erie.org
Mission Statement of Terrace Overview Housing Corporation
Terrace Overview Housing Corporation, in collaboration with its management agent Housing and Neighborhood Development Service (HANDS) and United Communities Independence Program (UCIP), is committed to providing affordable and appealing rental housing options for low-income individuals with disabilities. Their mission is to create an environment where people with developmental disabilities can live independently and comfortably. By managing 10 apartment homes specifically designed for adults with such disabilities, Terrace Overview Housing Corporation aims to contribute positively to their tenants' lives, ensuring they have a safe and supportive living space. The corporation's efforts in Meadville, PA, demonstrate a strong dedication to improving the quality of life for individuals with developmental disabilities.
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
October, 2024
Terrace Overview Housing Corporation significantly enhances the lives of low-income individuals with developmental disabilities by providing attractive and affordable rental housing in Meadville, PA. Through its collaboration with Housing and Neighborhood Development Service (HANDS) and the United Communities Independence Program (UCIP), the organization maintains 10 apartment homes specifically designed for adults with developmental disabilities. This initiative addresses the critical need for accessible housing, ensuring stability and community integration for residents. By creating a supportive living environment, Terrace Overview Housing Corporation fosters independence, dignity, and a sense of belonging among its tenants, ultimately contributing to their overall quality of life.
This information is meant to be a general summary of Terrace Overview 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: $172
- Program Service Revenue: $32,467
- Gross Receipts: $145,500
Assets and Liabilities:
- Total Assets: $468,964
- Total Liabilities: $482,337
- Net Assets: -$13,373
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.
RENT INCOME
Revenue
$32,467
Organization Details
Founding Year
2006
Phone
(814) 453-3333Principal Officer
Billie Shields
Main Address
7 EAST 7TH STREET, ERIE, PA, 16501
Website
www.hands-erie.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Terrace Overview 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.