Overview
What is Nonprofit Housing Preservation Ra Inc?
Nonprofit Housing Preservation Ra Inc, located in Riviera Beach, Florida, is a dedicated organization with a mission to provide affordable housing for low-income families. They operate a 66-unit apartment complex, focusing on acquiring, developing, owning, and managing these properties to cater to individuals and families who require financial assistance. Their work is instrumental in addressing the housing needs of vulnerable communities, contributing significantly to the overall well-being and stability of these families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Housing Preservation Ra Inc has received a Two-Star rating, indicating some strengths in its operations but also notable areas for improvement. The organization excels in accountability and finance, with key metrics such as a 100% independent board and complete financial auditing, reflecting a commitment to transparency and proper governance.
However, the organization's financial health raises concerns, particularly highlighted by a liabilities to assets ratio of 112%. This suggests that the nonprofit may be operating with more liabilities than it can cover, which could impact its long-term sustainability. While the organization channels a significant portion of its expenses (93.64%) towards programs, this financial instability warrants attention from stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nonprofit Housing Preservation Ra Inc legitimate?
Nonprofit Housing Preservation Ra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Housing Preservation Ra 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: $72,525
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What is the mission statement of Nonprofit Housing Preservation Ra Inc?
Nonprofit Housing Preservation Ra Inc's mission is centered around providing affordable housing solutions for low-income families. Specifically, the organization focuses on the acquisition, development, ownership, and operation of such housing units. Their goal is to make a significant impact in this area, ensuring that low-income individuals and families have access to suitable living spaces. Currently, they manage a 66-unit apartment complex, serving as a concrete example of their commitment to this cause.
Who is the CEO of Nonprofit Housing Preservation Ra Inc?
John Corbett is the President of Nonprofit Housing Preservation Ra Inc.
What is the revenue of Nonprofit Housing Preservation Ra Inc?
Nonprofit Housing Preservation Ra Inc's revenue in 2022 was $922,774.
Who are the executives of Nonprofit Housing Preservation Ra Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nonprofit Housing Preservation Ra Inc?
Nonprofit Housing Preservation Ra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nonprofit Housing Preservation Ra Inc
Nonprofit Housing Preservation Ra Inc, as its name suggests, is dedicated to providing for the acquisition, development, ownership, and operation of affordable housing for low-income families. This mission is a crucial step towards addressing the housing needs of individuals and families who may not otherwise have access to affordable housing options. By undertaking these activities, Nonprofit Housing Preservation Ra Inc contributes to the overall well-being and stability of these families, allowing them to focus on other aspects of their lives.
The nonprofit's primary goal is to provide a 66-unit apartment complex that serves as a home for low-income individuals and families. This commitment to affordable housing is a testament to Nonprofit Housing Preservation Ra Inc's mission of ensuring that everyone, regardless of their financial situation, has a place to call their own. By offering affordable housing, the organization is not only providing a roof over the heads of those in need but also contributing to the creation of stable communities where families can thrive.
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Impact
October, 2024
Nonprofit Housing Preservation Ra Inc significantly impacts the community by providing affordable housing options specifically designed for low-income families and individuals. By developing and operating a 66-unit apartment complex in Riviera Beach, Florida, it plays a crucial role in reducing housing insecurity and enhancing the quality of life for its residents.
The organization focuses on ensuring that vulnerable populations have access to safe, stable, and affordable living conditions, which is essential for fostering stronger, healthier communities. Its mission addresses the pressing need for affordable housing, allowing families to have a place to call home and promoting economic stability and well-being within the area. The presence of such housing facilities contributes to the local economy by encouraging community development and providing support to those in need. Overall, Nonprofit Housing Preservation Ra Inc's efforts are vital in making a tangible difference in the lives of low-income residents, helping to build a more equitable society.
This information is meant to be a general summary of Nonprofit Housing Preservation Ra 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: $713
- Program Service Revenue: $922,061
- Gross Receipts: $922,774
Assets and Liabilities:
- Total Assets: $4,984,542
- Total Liabilities: $5,583,067
- Net Assets: -$598,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$906,002
LAUNDRY REVENUE
Revenue
$16,059
Organization Details
Founding Year
1996
Phone
(561) 655-6775Principal Officer
John Corbett
Main Address
2001 W BLUE HERON BLVD 201, RIVIERA BEACH, FL, 33404
NTEE Category
Code: L21 - Housing
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