Overview
What is Portsmouth Inner City Development Corporation Housing Association Ii?
Portsmouth Inner City Development Corporation Housing Association II is a nonprofit organization situated in Portsmouth, Ohio. Their primary mission is to offer affordable housing options for elderly and developmentally disabled individuals. They achieve this through the operation of a 20-unit low income rental housing project, which is supervised and regulated by the U.S. Department of Housing and Urban Development (HUD), subject to the stipulations of a regulatory agreement. The organization's activities are geared towards providing a safe and comfortable living environment for those in need, ensuring they have access to essential housing services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Portsmouth Inner City Development Corporation Housing Association II has achieved a high score of 94%, reflecting strong performance in accountability and finance. The organization boasts a fully independent board, which is crucial for maintaining transparency and ethical governance. With no material diversion of assets reported and robust conflict-of-interest and whistleblower policies in place, the nonprofit demonstrates a commitment to integrity in its operations.
Financially, the housing association is in good standing with a low liabilities-to-assets ratio of 14.40%, indicating strong financial health. Additionally, it allocates a significant portion, approximately 88%, of its expenses directly to programs, which suggests a focus on effective service delivery. This level of program expense ratio is commendable and shows the organization's dedication to maximizing resource utilization for its mission.
Overall, the Portsmouth Inner City Development Corporation Housing Association II stands out for its governance practices and financial transparency. However, while the data does not indicate any specific weaknesses, continued vigilance in maintaining these standards is essential for sustaining public trust and support in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Portsmouth Inner City Development Corporation Housing Association Ii legitimate?
Portsmouth Inner City Development Corporation Housing Association Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portsmouth Inner City Development Corporation Housing Association Ii 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
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What is the mission statement of Portsmouth Inner City Development Corporation Housing Association Ii?
The Portsmouth Inner City Development Corporation Housing Association II has a mission to provide affordable housing for elderly and developmentally disabled individuals. This organization operates a 20-unit low-income rental housing project to cater to the needs of those with limited income. The United States Department of Housing and Urban Development (HUD) oversees and regulates the project's operations, ensuring they adhere to the terms and conditions of a regulatory agreement. The main objective of this association is to provide a secure living environment for individuals who may face financial and developmental challenges.
Who is the CEO of Portsmouth Inner City Development Corporation Housing Association Ii?
Donald Reeves is the President of Portsmouth Inner City Development Corporation Housing Association Ii.
What is the revenue of Portsmouth Inner City Development Corporation Housing Association Ii?
Portsmouth Inner City Development Corporation Housing Association Ii's revenue in 2022 was $155,414.
Who are the executives of Portsmouth Inner City Development Corporation Housing Association Ii and what are their salaries?
There 4 volunteers at Portsmouth Inner City Development Corporation Housing Association Ii.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Portsmouth Inner City Development Corporation Housing Association Ii?
Portsmouth Inner City Development Corporation Housing Association Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portsmouth Inner City Development Corporation Housing Association Ii
Portsmouth Inner City Development Corporation Housing Association II is dedicated to providing affordable housing for elderly and developmentally disabled individuals. This nonprofit organization has a mission to ensure that these vulnerable populations have access to comfortable living spaces that cater to their unique needs. To accomplish this, the organization owns and operates a 20-unit low-income rental housing project. The project is supervised and regulated by the United States Department of Housing and Urban Development (HUD), adhering to the terms and conditions of a regulatory agreement. This agreement ensures that the housing project operates efficiently and effectively, providing much-needed shelter for its residents while maintaining a high standard of living.
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Impact
October, 2024
Portsmouth Inner City Development Corporation Housing Association II significantly enhances the quality of life for elderly and developmentally disabled individuals by providing essential affordable housing. By owning and operating a 20-unit low-income rental housing project, it addresses a critical need in the Portsmouth, OH community. The organization ensures that vulnerable populations have access to safe, accessible, and supportive living environments that cater specifically to their needs.
By partnering with the U.S. Department of Housing and Urban Development (HUD), the housing association adheres to stringent regulatory standards, guaranteeing that residents benefit from well-maintained properties and consistent oversight. This commitment not only fosters a sense of security among residents but also helps stabilize the local housing market by increasing the availability of low-income housing options.
The impact extends beyond just housing; it promotes a sense of community among residents, facilitating social interaction and support networks essential for those facing physical or developmental challenges. Overall, Portsmouth Inner City Development Corporation Housing Association II plays a vital role in fostering inclusivity and improving living conditions for those who might otherwise struggle to find stable housing.
This information is meant to be a general summary of Portsmouth Inner City Development Corporation Housing Association Ii. 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: $881
- Program Service Revenue: $51,907
- Gross Receipts: $155,414
Assets and Liabilities:
- Total Assets: $601,848
- Total Liabilities: $86,699
- Net Assets: $515,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$51,907
Organization Details
Founding Year
1992
Phone
(614) 942-2020Principal Officer
Donald Reeves
Main Address
1206 WALLER ST, PORTSMOUTH, OH, 456623524
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