Overview
What is Passavant Memorial Homes Housing Initiative No 1 Inc?
Passavant Memorial Homes Housing Initiative No 1 Inc is a dedicated nonprofit organization located in Pittsburgh, Pennsylvania. Their primary mission is to provide suitable housing solutions for individuals experiencing intellectual disabilities, autism, and behavioral health challenges. They accomplish this by developing and managing real estate properties specifically designed to meet the unique needs of these individuals. The organization's website, www.pmhfos.org, serves as a valuable resource for gaining further information about their services. The nonprofit's vision is to create a supportive living environment that promotes independence and enhances the overall quality of life for those they serve.
Official website here: www.pmhfos.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Passavant Memorial Homes Housing Initiative No 1 Inc has received an 87% score from Charity Navigator, indicating a strong performance in accountability and finance. The rating is derived solely from the Accountability & Finance beacon, highlighting the organization’s commitment to transparency and responsible management of resources. The fiscal year evaluated is FY2023, which reflects the organization's current operational practices.
The organization demonstrates a high program expense ratio of 90.17%, suggesting that a significant portion of its funds is dedicated to program services rather than administrative costs. Additionally, it has implemented essential governance policies, such as a conflict of interest policy and a whistleblower policy, which reinforce its commitment to ethical practices. However, only 37% of the board members are independent, which may raise questions about governance and oversight.
While the absence of material diversion of assets and a low liabilities to assets ratio (0.85%) are positive indicators of financial health, the independent board member composition might be a point for potential improvement. Overall, Passavant Memorial Homes Housing Initiative No 1 Inc appears to have a solid financial foundation but could benefit from enhancing its governance structure to ensure even greater accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Passavant Memorial Homes Housing Initiative No 1 Inc legitimate?
Passavant Memorial Homes Housing Initiative No 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Passavant Memorial Homes Housing Initiative No 1 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: $1,450
For more financial information, click here
Official website here: www.pmhfos.org
What is the mission statement of Passavant Memorial Homes Housing Initiative No 1 Inc?
Passavant Memorial Homes Housing Initiative No 1 Inc is committed to developing and managing real estate properties that provide housing for individuals with intellectual disabilities, autism, and behavioral health needs. Their mission is to offer a living space for qualified individuals who require such support, aiming to enhance their quality of life. The organization focuses on operating rental units that cater to this specific population, ensuring they have a suitable living environment. For further details, one can visit their website.
Official website here: www.pmhfos.org
Who is the CEO of Passavant Memorial Homes Housing Initiative No 1 Inc?
Rick D Senft is the Ceo & President of Passavant Memorial Homes Housing Initiative No 1 Inc. The CEO's salary of Passavant Memorial Homes Housing Initiative No 1 Inc is $0 and their total compensation is $993,011.
Official website here: www.pmhfos.org
What is the revenue of Passavant Memorial Homes Housing Initiative No 1 Inc?
Passavant Memorial Homes Housing Initiative No 1 Inc's revenue in 2022 was $62,418.
Official website here: www.pmhfos.org
Who are the executives of Passavant Memorial Homes Housing Initiative No 1 Inc and what are their salaries?
There 3 volunteers at Passavant Memorial Homes Housing Initiative No 1 Inc.
Here are 10 key members and their salaries (Passavant Memorial Homes Housing Initiative No 1 Inc's CEO's salary is $0 and their total compensation is $993,011):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $207,775
- Other: $23,747
- Compensation: $0
- Related: $365,908
- Other: $38,723
- Compensation: $0
- Related: $957,664
- Other: $35,347
- Compensation: $0
- Related: $519,919
- Other: $38,836
- Compensation: $0
- Related: $237,238
- Other: $35,400
- Compensation: $0
- Related: $278,739
- Other: $9,447
- Compensation: $0
- Related: $327,604
- Other: $0
Official website here: www.pmhfos.org
Where can I find the form 990 for Passavant Memorial Homes Housing Initiative No 1 Inc?
Passavant Memorial Homes Housing Initiative No 1 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pmhfos.org
Learn more at the official website: www.pmhfos.org
Mission Statement of Passavant Memorial Homes Housing Initiative No 1 Inc
Passavant Memorial Homes Housing Initiative No 1 is committed to a noble mission. This organization strives to develop and manage real estate properties, specifically designed for individuals with intellectual disabilities, autism, and behavioral health needs. The primary goal is to provide suitable housing solutions for these individuals, ensuring they have a safe and supportive environment to live in. By operating rental units tailored to qualified individuals, Passavant Memorial Homes Housing Initiative No 1 aims to make a significant difference in their lives, enhancing their overall well-being and independence. For more information about their initiatives and services, interested parties can visit their website, [PMHFOS.org](http://PMHFOS.org).
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Impact
August, 2024
Passavant Memorial Homes Housing Initiative No 1 Inc has a significant impact on providing housing solutions for individuals with intellectual disabilities, autism, and behavioral health needs. Their mission to develop and operate real estate properties specifically tailored to accommodate these individuals helps address a crucial gap in housing services. By offering housing rental units for qualified individuals in these communities, Passavant Memorial Homes Housing Initiative No 1 Inc contributes to improving the quality of life and independence of those with special needs. Their efforts play a vital role in promoting inclusivity and support for vulnerable populations, ultimately fostering a more inclusive and caring society.
This information is meant to be a general summary of Passavant Memorial Homes Housing Initiative No 1 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: $18
- Program Service Revenue: $62,400
- Gross Receipts: $62,418
Assets and Liabilities:
- Total Assets: $472,124
- Total Liabilities: $10,016
- Net Assets: $462,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$62,400
Organization Details
Founding Year
2002
Phone
(412) 820-1010Principal Officer
Rick D Senft
Main Address
100 PASSAVANT WAY, PITTSBURGH, PA, 15238
Website
www.pmhfos.orgNTEE Category
Code: L20 - Housing
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