Overview
What is Park Place Rhf Housing?
Park Place Rhf Housing is a not-for-profit corporation, established in compliance with the state of Washington's non-profit regulations. Its primary objective is to manage a 154-unit assisted living community named Park Place, situated in Seattle, Washington. The community caters to low-income senior citizens, offering them a comfortable living environment. The corporation's initial mortgage is insured by the U.S. Department of Housing and Urban Development, under the terms of Section 232 of the National Housing Act. Park Place Assisted Living aims to enhance the quality of life for its residents, is committed to exceptional service, and strives for excellence. As part of the Retirement Housing Foundation (RHF), Park Place is part of one of the nation's largest non-profit providers of housing and services for elderly adults, individuals with disabilities, and low-income families.
Official website here: www.parkplaceassistedliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star rating from Charity Navigator
Park Place Rhf Housing has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts a high score in governance, with 100% of its board members being independent, as well as strong financial oversight practices. Positive aspects include a high program expense ratio of 87.69%, reflecting effective allocation of resources towards its mission.
However, the nonprofit faces challenges, particularly regarding its liabilities to assets ratio, which is noted at 249.08%. This could suggest potential concerns related to sustainability and financial stability. Additionally, the salaries of key personnel are quite high, which may raise questions among donors about compensation practices in relation to the organization's overall financial health.
Overall, while Park Place Rhf Housing demonstrates commendable governance and effective program spending, it is essential for prospective donors to consider the issues surrounding financial liabilities and executive compensation when evaluating the nonprofit's long-term impact and efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Park Place Rhf Housing legitimate?
Park Place Rhf Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Place Rhf Housing 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: $2,490,664
For more financial information, click here
Official website here: www.parkplaceassistedliving.org
What is the mission statement of Park Place Rhf Housing?
Park Place Rhf Housing's mission is centered around providing housing options for older adults, aiming to enhance their quality of life on a physical, mental, and spiritual level. As a not-for-profit corporation, it operates an assisted living community for low-income seniors. The organization is committed to delivering exemplary service and striving for excellence, ensuring the well-being of its residents. Park Place Rhf Housing is part of the Retirement Housing Foundation (RHF), one of the nation's largest non-profit providers of housing and services for older adults, persons with disabilities, and low-income families.
Official website here: www.parkplaceassistedliving.org
Who is the CEO of Park Place Rhf Housing?
Stuart Hartman is the Principal Officer of Park Place Rhf Housing. The CEO's salary of Park Place Rhf Housing is $0 and their total compensation is $682,064.
Official website here: www.parkplaceassistedliving.org
What is the revenue of Park Place Rhf Housing?
Park Place Rhf Housing's revenue in 2022 was $6,889,251.
Official website here: www.parkplaceassistedliving.org
Who are the executives of Park Place Rhf Housing and what are their salaries?
There 22 volunteers at Park Place Rhf Housing.
Here are 27 key members and their salaries (Park Place Rhf Housing's CEO's salary is $0 and their total compensation is $682,064):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $313,582
- Other: $17,519
- Compensation: $0
- Related: $608,035
- Other: $74,029
- Compensation: $0
- Related: $242,812
- Other: $11,672
- Compensation: $0
- Related: $195,871
- Other: $18,163
- Compensation: $0
- Related: $231,220
- Other: $42,394
- Compensation: $0
- Related: $218,679
- Other: $16,908
- Compensation: $0
- Related: $235,353
- Other: $42,526
- Compensation: $0
- Related: $165,017
- Other: $12,398
- Compensation: $0
- Related: $239,282
- Other: $29,102
- Compensation: $0
- Related: $214,343
- Other: $15,930
- Compensation: $0
- Related: $442,308
- Other: $43,069
- Compensation: $0
- Related: $196,730
- Other: $13,455
- Compensation: $0
- Related: $158,830
- Other: $21,653
- Compensation: $0
- Related: $161,559
- Other: $15,584
- Compensation: $0
- Related: $162,871
- Other: $13,914
- Compensation: $0
- Related: $161,428
- Other: $13,535
Official website here: www.parkplaceassistedliving.org
Where can I find the form 990 for Park Place Rhf Housing?
Park Place Rhf Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parkplaceassistedliving.org
Learn more at the official website: www.parkplaceassistedliving.org
Mission Statement of Park Place Rhf Housing
Park Place Rhf Housing, a non-profit organization formed in accordance with Washington's not-for-profit statutes, is committed to providing housing options for older adults. Their mission is to enhance the quality of life for these seniors, both physically and spiritually, in an environment that fosters mental well-being. Park Place Rhf Housing operates a 154-unit community, known as Park Place Assisted Living, which caters specifically to low-income seniors. This organization is recognized for its dedication to exemplary service and strives for excellence in all aspects of its operations. Park Place Rhf Housing is proud to be part of the Retirement Housing Foundation (RHF), one of the nation's largest providers of housing and services for older adults, persons with disabilities, and low-income families. This organization's mission is to create living environments that promote the overall well-being and dignity of its residents.
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Impact
October, 2024
Park Place Rhf Housing significantly impacts the community by providing an essential assisted living residence for low-income seniors in Seattle, Washington. Through its 154-unit facility, it offers a supportive environment that enhances the quality of life for residents. By focusing on physical, mental, and spiritual well-being, Park Place creates a holistic approach to care that encourages dignity and independence among older adults.
The organization plays a vital role in addressing housing needs for vulnerable populations, ensuring that those with limited financial resources have access to safe and comfortable living conditions. The commitment to exemplary service means that residents receive not just basic housing, but also support and services tailored to their individual needs, promoting a sense of belonging and community.
Additionally, Park Place is part of a larger framework under the Retirement Housing Foundation, which amplifies its impact by connecting with a network that prioritizes dignity and quality living for older adults, individuals with disabilities, and low-income families. This collaborative approach allows for shared resources and best practices, further enhancing the support provided to residents. In essence, Park Place Rhf Housing not only meets immediate housing needs but also fosters a nurturing environment that champions the overall well-being of seniors in the community.
This information is meant to be a general summary of Park Place Rhf Housing. 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: $279
- Program Service Revenue: $6,867,036
- Gross Receipts: $6,889,251
Assets and Liabilities:
- Total Assets: $11,803,680
- Total Liabilities: $29,401,612
- Net Assets: -$17,597,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSISTED LIVING REVENU
Revenue
$4,816,891
RENTAL REVENUE
Revenue
$2,050,145
Organization Details
Founding Year
2000
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 NORTH STUDEBAKER ROAD, LONG BEACH, CA, 90815
NTEE Category
Code: L22 - Housing
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