Overview
What is Providence Rivendell Court Apartments Inc?
Providence Rivendell Court Apartments Inc, located in Rochester, New York, is a nonprofit organization dedicated to offering quality affordable housing to 19 homeless households. Their primary mission involves operating rental units specifically designed for low-income individuals, aiming to provide supportive housing for those recovering from substance abuse. This nonprofit organization focuses on enhancing the living conditions of the vulnerable population in the City of Rochester, ensuring they have a secure and stable environment to begin their journey towards recovery.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the organization's accountability and financial practices. The lack of independent board members and a missing website on their tax form contributed to their low score, reflecting potential issues in governance and transparency.
Despite these concerns, Providence Rivendell Court Apartments Inc demonstrated a commendable program expense ratio of 93.45%, indicating that the majority of their expenses are directed towards their programs rather than administrative costs. Additionally, they have established policies in place for conflict of interest, whistleblower protections, and document retention, which are positive aspects of their operational framework.
However, the overall performance in the accountability and finance category highlights substantial areas for improvement, particularly in board independence and financial transparency. The liabilities to assets ratio is also a concern at 72.20%, suggesting a high level of liabilities relative to their assets. Addressing these issues will be crucial for enhancing their rating and ensuring better governance in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Rivendell Court Apartments Inc legitimate?
Providence Rivendell Court Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Rivendell Court Apartments 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
What is the mission statement of Providence Rivendell Court Apartments Inc?
Providence Rivendell Court Apartments Inc is committed to providing quality supportive housing for individuals and families who are homeless and in recovery from substance abuse, falling under the low and very low income categories. Their primary mission is to offer affordable rental units to these vulnerable groups, aiming to improve their living conditions and support their journey towards recovery. By providing this housing, the organization aims to contribute positively to their residents' lives, helping them rebuild their lives and regain stability.
Who is the CEO of Providence Rivendell Court Apartments Inc?
Dan Sturgis is the President of Providence Rivendell Court Apartments Inc.
What is the revenue of Providence Rivendell Court Apartments Inc?
Providence Rivendell Court Apartments Inc's revenue in 2022 was $588,957.
Who are the executives of Providence Rivendell Court Apartments Inc and what are their salaries?
There 3 volunteers at Providence Rivendell Court Apartments Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $71,528
- Other: $2,861
- Compensation: $0
- Related: $132,864
- Other: $13,315
- Compensation: $0
- Related: $141,895
- Other: $5,676
Where can I find the form 990 for Providence Rivendell Court Apartments Inc?
Providence Rivendell Court Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Providence Rivendell Court Apartments Inc
Providence Rivendell Court Apartments Inc, a nonprofit organization, is committed to providing quality supportive housing for low and very low income individuals and families who are homeless and in recovery from substance abuse. Their mission is to offer affordable rental units to 19 households that are currently homeless. By doing so, they aim to provide a stable living environment for these individuals, enabling them to focus on their recovery and rebuilding their lives. The organization's goal is to assist these individuals in regaining their independence and integrating back into society, thereby contributing positively to their communities.
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Impact
July, 2024
Providence Rivendell Court Apartments Inc's impact can be seen in the tangible difference they make in their community. Operating 19 rental units in the City of Rochester, New York, they provide quality affordable housing to low-income individuals and families who are homeless and in recovery from substance abuse. By offering supportive housing, they not only address the immediate need for shelter but also contribute to the overall well-being and stability of these vulnerable populations. Their mission to provide quality supportive housing reflects their commitment to helping those in need rebuild their lives and access resources for a brighter future.
This information is meant to be a general summary of Providence Rivendell Court Apartments 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.
- Program Service Revenue: $116,892
- Gross Receipts: $588,957
Assets and Liabilities:
- Total Assets: $1,242,961
- Total Liabilities: $877,532
- Net Assets: $365,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$116,892
Organization Details
Founding Year
2010
Phone
(585) 328-3210Principal Officer
Dan Sturgis
Main Address
1150 Buffalo Road, Rochester, NY, 14624
NTEE Category
Code: L41 - Housing
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