Overview
What is Ppl Properties?
Ppl Properties is a supporting organization, established to benefit Project for Pride in Living, Inc., a Minnesota-based nonprofit. Their primary mission is to provide affordable housing for lower-income individuals and families. They accomplish this by owning membership interests in multiple LLCs that manage such properties. Additionally, Ppl Properties participates in partnerships to own and manage real estate properties, all for the benefit of Project for Pride in Living. Beyond real estate, they also own a community center, administrative offices, and an onsite training center. Moreover, they rehabilitate and sell single-family homes to low-income buyers in North Minneapolis. Overall, Ppl Properties supports Project for Pride in Living's mission to empower lower-income individuals and families through housing, employment training, education, and support services.
Official website here: www.ppl-inc.org
What do the Facebook reviews say about Ppl Properties?
80% of 31 reviewers on Facebook recommend Ppl Properties. Here is a summary of their reviews: Many users express a warm and welcoming atmosphere, noting that it feels like home when visiting. This sentiment emphasizes a sense of comfort and belonging associated with the nonprofit.
While the overall recommendation rate is lower, those who appreciate the space highlight its inviting nature. The positive feedback suggests that Ppl Properties successfully creates an environment that resonates well with its users, fostering a sense of community and personal connection.
This AI summary has been generated from reviews found on Facebook.
Is Ppl Properties legitimate?
Ppl Properties is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ppl Properties 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.ppl-inc.org
What is the mission statement of Ppl Properties?
Ppl Properties has been established as a supporting organization to Project for Pride in Living, Inc., a nonprofit organization. Its mission is to assist lower-income individuals and families in achieving self-sufficiency through housing, employment training, education, and support services. To accomplish this, Ppl Properties owns membership interests in limited liability companies that manage real estate used as affordable housing. Additionally, it participates in partnerships to manage real property for the benefit of Project for Pride in Living. The corporation operates solely for the benefit of this nonprofit organization.
Official website here: www.ppl-inc.org
Who is the CEO of Ppl Properties?
Scott Cordes is the President of Ppl Properties.
Official website here: www.ppl-inc.org
What is the revenue of Ppl Properties?
Ppl Properties's revenue in 2022 was $10,418,182.
Official website here: www.ppl-inc.org
Who are the executives of Ppl Properties and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $187,391
- Other: $4,795
- Compensation: $0
- Related: $342,898
- Other: $30,715
- Compensation: $0
- Related: $224,477
- Other: $8,917
- Compensation: $0
- Related: $93,368
- Other: $12,667
Official website here: www.ppl-inc.org
Where can I find the form 990 for Ppl Properties?
Ppl Properties's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ppl-inc.org
Learn more at the official website: www.ppl-inc.org
Mission Statement of Ppl Properties
Ppl Properties, a supporting organization to Project for Pride in Living, Inc., was established with a mission to assist lower-income individuals and families in achieving self-sufficiency. This mission is pursued through various means, including owning membership interests in limited liability companies that manage real estate used as affordable housing. Ppl Properties' role extends beyond this, as it also participates in general and limited partnerships that oversee real property, all in the benefit of Project for Pride in Living.
Furthermore, Ppl Properties is the sole owner of several wholly-owned limited liability companies. One of these entities is a community center that houses a Ppl program, another serves as the headquarters for Ppl's administrative offices and onsite training center (Franklin Theater), and a third acquires, rehabilitates, and sells single-family homes to low-income buyers in North Minneapolis. In essence, Ppl Properties' mission is to contribute to the betterment of lower-income individuals and families by providing them with affordable housing opportunities and supporting services.
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Impact
October, 2024
PPL Properties significantly impacts the Minneapolis community by prioritizing affordable housing for lower-income individuals and families. Through ownership and management of various real estate assets, including over 30 single-member limited liability companies, PPL Properties provides crucial housing opportunities that foster stability and self-sufficiency.
In addition to housing, PPL Properties contributes to community development by running a community center that facilitates programs aimed at enhancing residents' quality of life. It also operates a service center that serves as the administrative hub and an onsite training center, which is essential for employment training and educational support.
The organization engages in strategic partnerships, participating as a partner in general and limited partnerships to maximize its outreach and effectiveness in serving the community. By acquiring, rehabilitating, and selling single-family homes in North Minneapolis, PPL Properties not only addresses immediate housing needs but also invests in the community's long-term growth and resilience. Overall, its initiatives create a supportive ecosystem that empowers individuals and families to achieve greater self-sufficiency.
This information is meant to be a general summary of Ppl Properties. 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: $11,643
- Program Service Revenue: $6,161,868
- Gross Receipts: $10,418,182
Assets and Liabilities:
- Total Assets: $82,919,180
- Total Liabilities: $88,967,413
- Net Assets: -$6,048,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$5,377,781
INTER-ENTITY REVENUE
Revenue
$670,681
OTHER REVENUE
Revenue
$113,406
Organization Details
Founding Year
2010
Phone
(612) 455-5100Principal Officer
Scott Cordes
Main Address
1035 EAST FRANKLIN AVENUE, MINNEAPOLIS, MN, 55404
Website
www.ppl-inc.orgNTEE Category
Code: L21 - Housing
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