Overview
What is Preserving Us Inc?
Preserving Us Inc, located in Prairie Village, Kansas, is a nonprofit organization with a mission to preserve historic structures while also providing affordable housing. They achieve this objective by developing and managing affordable housing units, as well as offering support to their residents. Furthermore, the organization plays a role in monetizing state historic tax credits, doing so through loans and investments in partnerships involving affordable housing. This holistic approach to historic preservation and affordable housing aims to enrich the community and improve living conditions for its residents.
Official website here: www.preservingus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 68%)
Preserving Us Inc's rating indicates that while the organization has some strong governance practices, there are areas that require improvement. The charity boasts a high level of independence on its board, with 80% of its members being independent and a strong score for its conflict of interest and whistleblower policies, which reflect a commitment to accountability.
However, the organization faces challenges in its financial management, particularly in its program expense ratio, which stands at 58.95%. This figure suggests that a smaller portion of its expenses is directed towards its programs compared to what is typically expected in the nonprofit sector. While the charity shows a solid commitment to governance, it will need to enhance its program funding to improve its overall impact and effectiveness.
Lastly, the charity maintains a low liabilities to assets ratio of 0.80%, indicating sound financial health in terms of obligations. Overall, with a strong foundation in governance but notable financial management concerns, Preserving Us Inc has potential for growth and improvement in its future endeavors.
This AI summary has been generated from information found on Charity Navigator.
Is Preserving Us Inc legitimate?
Preserving Us Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preserving Us 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: $0
For more financial information, click here
Official website here: www.preservingus.org
What is the mission statement of Preserving Us Inc?
Preserving Us Inc's mission is centered around two key areas. Firstly, they strive to preserve historic structures, preserving the history and heritage for future generations. Secondly, they engage in developing and operating affordable housing, providing a solution for individuals in need. Furthermore, they offer support to the residents of these affordable housing units, ensuring their well-being. The organization also contributes to monetizing state historic tax credits through strategic loans and investments in affordable housing partnerships.
Official website here: www.preservingus.org
Who is the CEO of Preserving Us Inc?
Emily Robinson is the Executive Director of Preserving Us Inc.
Official website here: www.preservingus.org
What is the revenue of Preserving Us Inc?
Preserving Us Inc's revenue in 2022 was $1,486,882.
Official website here: www.preservingus.org
Who are the executives of Preserving Us Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $37,500
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.preservingus.org
Where can I find the form 990 for Preserving Us Inc?
Preserving Us Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preservingus.org
Learn more at the official website: www.preservingus.org
Mission Statement of Preserving Us Inc
Preserving Us Inc is dedicated to preserving historic structures and developing affordable housing, while providing support for the residents of these properties. The organization's mission is to monetize state historic tax credits through loans and investments in affordable housing partnerships. This triple-fold objective allows Preserving Us Inc to preserve historical landmarks, provide affordable housing options, and support the residents living in these properties. The organization's efforts contribute to the preservation of historical heritage, the creation of affordable housing solutions, and the overall well-being of the community.
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Impact
October, 2024
Preserving Us Inc plays a vital role in enhancing community sustainability by focusing on two key areas: the preservation of historic structures and the development of affordable housing. By maintaining and restoring historical buildings, the organization helps to retain the cultural heritage of Prairie Village, Kansas, fostering a sense of identity and continuity within the community.
Simultaneously, the initiative addresses pressing housing needs by creating and operating affordable housing options. This dual approach not only improves the living conditions for residents but also stimulates local economic activity. By monetizing state historic tax credits through strategic loans and investments in affordable housing partnerships, Preserving Us Inc further amplifies its impact, enabling more efficient resource allocation and support for residents in need. The combined efforts contribute to vibrant, inclusive neighborhoods while preserving the architectural legacy of the area.
This information is meant to be a general summary of Preserving Us 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: $6
- Program Service Revenue: $1,674,695
- Gross Receipts: $1,782,563
Assets and Liabilities:
- Total Assets: $15,211,936
- Total Liabilities: $122,476
- Net Assets: $15,089,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$112,798
Organization Details
Founding Year
2009
Phone
(913) 671-3365Principal Officer
Emily Robinson
Main Address
3965 W 83RD ST SUITE 273, PRAIRIE VILLAGE, KS, 66208
Website
www.preservingus.orgNTEE Category
Code: L20 - Housing
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