Overview
What is Pennyrile Housing Corporation?
Pennyrile Housing Corporation is a compassionate nonprofit organization situated among us, dedicated to uplifting disadvantaged individuals by addressing their fundamental housing needs. Through their extensive services, they cater to various housing support requirements, thereby amplifying their commitment to making a positive impact in their community.
Official website here: www.peadd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (61%)
Pennyrile Housing Corporation has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. The overall score of 61% reflects both strengths and significant weaknesses in its accountability and financial practices. Notably, the organization has a fully independent board and adheres to proper documentation practices for board meetings, which contribute positively to its governance.
Despite these strengths, there are several critical issues highlighted in the evaluation. The organization lacks essential policies, such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which negatively impact its score. Additionally, the high liabilities to assets ratio of 176.98% raises concerns about financial stability.
On a positive note, the program expense ratio stands at an impressive 88.76%, indicating that a substantial portion of funds is directed toward programs rather than overhead costs. However, the absence of transparency in posting tax forms on its website signals a need for better communication with stakeholders. Overall, while Pennyrile Housing Corporation has some strong governance elements, its lack of critical policies and financial concerns suggest areas where improvements are essential for enhancing trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pennyrile Housing Corporation?
96% of 6 reviewers on Facebook recommend Pennyrile Housing Corporation. Here is a summary of their reviews:
The sentiment towards this nonprofit is overwhelmingly positive, with users appreciating the information and updates it provides regarding community developments. Reviewers express satisfaction with the organization’s role in keeping them informed about crucial local housing issues.
Overall, Pennyrile Housing Corporation appears to effectively serve and engage its community, delivering valuable insights that resonate with its supporters.
This AI summary has been generated from reviews found on Facebook.
Is Pennyrile Housing Corporation legitimate?
Pennyrile Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennyrile Housing 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:
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For more financial information, click here
Official website here: www.peadd.org
What is the mission statement of Pennyrile Housing Corporation?
Pennyrile Housing Corporation's mission is centered around assisting disadvantaged individuals by addressing their housing needs. The organization achieves this through its diverse range of housing support services. By providing these services, Pennyrile Housing Corporation aims to contribute significantly to the well-being and quality of life of the individuals it serves. The corporation's activities are focused on addressing the housing needs of those who are most in need, thereby promoting a sense of stability and security in their lives.
Official website here: www.peadd.org
Who is the CEO of Pennyrile Housing Corporation?
Heath Duncan is the Director of Pennyrile Housing Corporation.
Official website here: www.peadd.org
What is the revenue of Pennyrile Housing Corporation?
Pennyrile Housing Corporation's revenue in 2022 was $1,561.
Official website here: www.peadd.org
Who are the executives of Pennyrile Housing Corporation and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.peadd.org
Where can I find the form 990 for Pennyrile Housing Corporation?
Pennyrile Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peadd.org
Learn more at the official website: www.peadd.org
Mission Statement of Pennyrile Housing Corporation
Pennyrile Housing Corporation, a nonprofit organization, is committed to addressing the housing needs of disadvantaged individuals. It achieves this mission by offering a range of housing support services. The corporation's primary focus is on assisting individuals who are disadvantaged, ensuring that they have access to adequate housing. By providing various housing support services, Pennyrile Housing Corporation aims to make a significant impact in the lives of those it serves.
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Impact
August, 2024
Pennyrile Housing Corporation has a significant impact on the community by providing housing support services to disadvantaged individuals in Hopkinsville, KY. They play a crucial role in meeting the housing needs of those who may otherwise struggle to find stable and affordable housing options. Through their specialized services, Pennyrile Housing Corporation helps improve the quality of life for those in need by ensuring they have a safe and secure place to call home. Their mission to support disadvantaged individuals through housing services has a lasting and positive impact on the local community.
This information is meant to be a general summary of Pennyrile Housing 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: $1,561
- Gross Receipts: $1,561
Assets and Liabilities:
- Total Assets: $70,647
- Total Liabilities: $111,394
- Net Assets: -$40,747
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Organization Details
Founding Year
1985
Phone
(270) 886-9484Principal Officer
Heath Duncan
Main Address
300 HAMMOND DRIVE, HOPKINSVILLE, KY, 42240
Website
www.peadd.orgNTEE Category
Code: L80 - Housing
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