Overview
What is Preserve Spencer House Inc?
Preserve Spencer House Inc is a nonprofit organization situated in Tigard, Oregon. Their primary mission is to offer affordable housing solutions for individuals who fall under the low-income bracket. This commitment to affordability is reflected in both their description and their stated activity or mission. To accomplish this, they provide housing facilities and services tailored to meet the needs of their clientele, helping to contribute positively to their living situations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating. This rating indicates that Preserve Spencer House Inc has room for improvement in its accountability and financial practices. The organization scores particularly well in areas such as having a majority independent board members and a favorable liabilities to assets ratio, showcasing some strong governance elements.
However, the nonprofit has significant limitations that impact its overall rating. Notably, it received a score of zero in several critical categories, including the independent board size, conflict of interest policy, and various transparency measures like posting tax forms and having a whistleblower policy. This lack of essential governance practices raises concerns about the organization's operational integrity and transparency.
Despite achieving a 100% program expense ratio, which suggests that all expenses are directed towards its programs, these governance deficits could hinder donor confidence. Addressing the weaknesses in accountability and transparency would be essential for Preserve Spencer House Inc to improve its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Preserve Spencer House Inc legitimate?
Preserve Spencer House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preserve Spencer House 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: $60,800
For more financial information, click here
What is the mission statement of Preserve Spencer House Inc?
Preserve Spencer House Inc is committed to serving the community by providing affordable housing options for individuals with low income. Their mission encompasses offering affordable living spaces to those who might otherwise struggle to secure adequate housing. This organization strives to make a significant impact by alleviating housing-related challenges for economically disadvantaged individuals. Through their efforts, they contribute to a more inclusive and equitable living environment for all.
Who is the CEO of Preserve Spencer House Inc?
Judy Werner is the President of Preserve Spencer House Inc.
What is the revenue of Preserve Spencer House Inc?
Preserve Spencer House Inc's revenue in 2022 was $473,549.
Who are the executives of Preserve Spencer House Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $111,708
- Related: $0
- Other: $14,771
- Compensation: $56,811
- Related: $0
- Other: $8,036
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Preserve Spencer House Inc?
Preserve Spencer House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Preserve Spencer House Inc
Preserve Spencer House Inc, as its name suggests, is committed to providing affordable housing for individuals with low income. This nonprofit organization's mission is to ensure that everyone, regardless of their financial status, has access to decent living quarters. By offering affordable housing, Preserve Spencer House Inc aims to contribute to a more equitable society where everyone has the opportunity to live with dignity.
The core activity of Preserve Spencer House Inc revolves around providing housing for low-income individuals. This involves securing and maintaining properties that are affordable and suitable for those in need. By doing so, the organization helps to alleviate the housing crisis faced by many individuals and families, allowing them to focus on other aspects of their lives.
In summary, Preserve Spencer House Inc is a nonprofit organization dedicated to providing affordable housing for low-income individuals. By doing so, it contributes to a more equitable society and helps alleviate the housing crisis faced by many. Its mission is to ensure that everyone has the opportunity to live with dignity, regardless of their financial status.
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Impact
July, 2024
Preserve Spencer House Inc's impact lies in its mission to provide affordable housing for low-income individuals in Tigard, Oregon. By offering this crucial support, the organization plays a vital role in addressing housing insecurity and helping individuals maintain stable living conditions. This not only improves the quality of life for those directly supported by Preserve Spencer House Inc but also contributes to the overall well-being of the community by fostering a more inclusive and equitable society.
This information is meant to be a general summary of Preserve Spencer House 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: $67
- Program Service Revenue: $473,482
- Gross Receipts: $473,549
Assets and Liabilities:
- Total Assets: $4,276,749
- Total Liabilities: $1,754,814
- Net Assets: $2,521,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY AND VENDING
Revenue
$4,677
OTHER REVENUE
Revenue
$5,350
RENTAL REVENUE
Revenue
$264,939
TENANT ASSISTANCE PAYMENT
Revenue
$198,215
TENANT CHARGES
Revenue
$301
Organization Details
Founding Year
1996
Phone
(503) 293-4038Principal Officer
Judy Werner
Main Address
PO BOX 23206, TIGARD, OR, 97281
NTEE Category
Code: L80 - Housing
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