Overview
What is Pensdale Housing Inc?
Pensdale Housing Inc is a nonprofit organization situated in Lafayette Hill, Pennsylvania. With a focus on affordable housing, they manage a 65-unit apartment building specifically designed for elderly and physically disabled individuals. Residents benefit from support services, recreational activities, and opportunities for increased socialization and enrichment. As of May 31, 2021, the building housed 65 residents. The organization's mission is to provide a comfortable living environment while fostering a sense of community, with a dedicated workforce of three individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Pensdale Housing Inc has received a solid rating of 79%, which indicates a generally positive evaluation of its accountability and financial practices. The organization has successfully met all the criteria in this category, achieving a full score for having an independent board and for its financial oversight protocols. This rating reflects a commitment to transparency and responsible financial management, which is crucial for donor trust.
The organization demonstrates strong governance with 100% independent board members and effective auditing practices. They have also implemented important policies, including those for conflict of interest and whistleblower protections, ensuring a robust framework for ethical operations. Additionally, a high program expense ratio of 94.33% highlights that a significant portion of their funds is directed towards their mission-related programs.
While the rating is commendable, it is based solely on the accountability and finance score, meaning there may be limited insights into other operational aspects such as program impact or community feedback. Potential donors may wish to consider this when evaluating the overall effectiveness of Pensdale Housing Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Pensdale Housing Inc legitimate?
Pensdale Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pensdale Housing 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: $140,192
For more financial information, click here
What is the mission statement of Pensdale Housing Inc?
Pensdale Housing Inc's mission revolves around managing an affordable housing project, specifically a 65-unit building. Their primary focus is on providing a living space for the elderly and physically disabled. Besides offering basic housing facilities, they also provide support services and recreational activities to encourage socialization and enrichment among the residents. As of May 31, 2021, the project was home to 65 residents.
Who is the CEO of Pensdale Housing Inc?
Lori Kobicky is the President of Pensdale Housing Inc.
What is the revenue of Pensdale Housing Inc?
Pensdale Housing Inc's revenue in 2022 was $771,270.
Who are the executives of Pensdale Housing Inc and what are their salaries?
The average compensation at Pensdale Housing Inc during 2022 was $46,731. There are 3 employees and 4 volunteers at Pensdale Housing Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pensdale Housing Inc?
Pensdale Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pensdale Housing Inc
Pensdale Housing Inc, as an organization, is dedicated to managing and maintaining a 65-unit affordable housing project. Their mission extends beyond mere property management, as they also offer support services and recreational activities within the building. These initiatives are designed to encourage socialization and enrichment among the elderly and physically disabled residents, fostering a sense of community and overall well-being. As of May 31, 2021, there were 65 residents residing in this project.
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Impact
October, 2024
Pensdale Housing Inc plays a vital role in enhancing the quality of life for elderly and physically disabled residents in Philadelphia by operating a 65-unit affordable housing project. This initiative not only addresses the critical need for accessible housing but also provides an environment that fosters community, socialization, and personal enrichment.
The organization offers key support services and recreational activities designed to promote engagement among residents, helping to combat isolation often experienced by the elderly and disabled populations. With a committed focus on operation and maintenance, Pensdale Housing Inc ensures that residents live in a safe and well-maintained environment, which is fundamental to their overall well-being.
As of May 31, 2021, the project successfully housed 65 residents, each benefitting from the availability of resources tailored to their unique needs. This contribution is essential in creating a supportive community that prioritizes both independence and connection among its members, ultimately enriching the lives of the residents and the broader community in which they reside.
This information is meant to be a general summary of Pensdale Housing 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: $64
- Program Service Revenue: $765,649
- Gross Receipts: $771,270
Assets and Liabilities:
- Total Assets: $6,119,315
- Total Liabilities: $8,646,304
- Net Assets: -$2,526,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$765,649
Organization Details
Founding Year
2003
Phone
(610) 260-1119Principal Officer
Lori Kobicky
Main Address
2000 JOSHUA ROAD, LAFAYETTE HILL, PA, 194442430
NTEE Category
Code: P80 - Human services
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