Overview
What is Providence Manor Development Corporation?
Providence Manor Development Corporation is a nonprofit organization situated in Atlanta, Georgia. Its primary mission is to provide housing solutions for elderly individuals, operating an apartment community that adheres to Section 202 of the National Housing Act of 1959. This regulation ensures that affordable and safe housing is made available to the elderly population, thus contributing positively to their living conditions. The organization's initiatives focus on addressing the housing needs of elderly persons in an effective manner.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Providence Manor Development Corporation has received a three-star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score of 81% reflects a strong commitment to transparency, evidenced by a perfect score in areas such as independent board membership and conflict of interest policies. The organization demonstrates effective governance practices, with all board members being independent and comprehensive auditing of financial statements.
One of the strengths noted is the high program expense ratio of 90.01%, which suggests that a significant portion of its funds is directly invested in programs and services. This is a positive indicator of the organization's dedication to its mission and effective resource allocation. Additionally, the presence of policies regarding whistleblowing and document retention further enhances its accountability standards.
However, a concerning aspect of the evaluation is the liabilities to assets ratio of 137.54%, which indicates that the organization has more liabilities than assets. This could raise potential financial sustainability concerns, suggesting that while the organization excels in many governance areas, it may face challenges related to its financial health in the future. Overall, Providence Manor Development Corporation shows strong accountability but needs to address its financial ratios to ensure long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Manor Development Corporation legitimate?
Providence Manor Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Manor Development 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: $154,050
For more financial information, click here
What is the mission statement of Providence Manor Development Corporation?
The Providence Manor Development Corporation is dedicated to providing housing solutions for elderly individuals. They accomplish this by operating an apartment community, which is regulated under Section 202 of the National Housing Act of 1959. This organization's primary focus is on ensuring that elderly persons have access to suitable living arrangements. By managing an apartment community under this specific act, they can offer a secure and regulated environment for the elderly population in need.
Who is the CEO of Providence Manor Development Corporation?
Michael W Tyler is the President of Providence Manor Development Corporation.
What is the revenue of Providence Manor Development Corporation?
Providence Manor Development Corporation's revenue in 2022 was $502,701.
Who are the executives of Providence Manor Development Corporation and what are their salaries?
There 8 volunteers at Providence Manor Development Corporation.
Here are 8 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
Where can I find the form 990 for Providence Manor Development Corporation?
Providence Manor Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Providence Manor Development Corporation
Providence Manor Development Corporation, a nonprofit organization, is committed to providing housing solutions for the elderly population. They achieve this by operating an apartment community, regulated under Section 202 of the National Housing Act of 1959. This mission translates into offering a safe and comfortable living environment for senior citizens, ensuring they have access to the care and support they need during their golden years. The organization's apartment community is specifically designed to cater to the unique needs of the elderly, providing them with a secure and supportive living environment. By fulfilling this mission, Providence Manor Development Corporation plays a crucial role in enhancing the quality of life for elderly individuals, enabling them to live with dignity and independence.
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
Providence Manor Development Corporation's impact can be seen in the provision of housing to elderly persons through the operation of an apartment community regulated under Section 202 of the National Housing Act of 1959. Their efforts directly contribute to meeting the housing needs of the elderly population in Atlanta, GA, ensuring they have a safe and comfortable place to call home. This work plays a vital role in enhancing the quality of life for elderly individuals, providing them with a supportive living environment that promotes well-being and community engagement.
This information is meant to be a general summary of Providence Manor Development 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: $86
- Program Service Revenue: $501,160
- Gross Receipts: $502,701
Assets and Liabilities:
- Total Assets: $3,729,663
- Total Liabilities: $5,029,002
- Net Assets: -$1,299,339
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 REVENUE
Revenue
$501,160
Organization Details
Founding Year
2006
Phone
(404) 816-9770Principal Officer
Michael W Tyler
Main Address
PO BOX 53274, ATLANTA, GA, 30355
NTEE Category
Code: L21 - Housing
If you are a representative of Providence Manor Development 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.