Overview
What is Partners For Progress Inc?
Partners For Progress Inc, headquartered in Baton Rouge, Louisiana, is a dedicated nonprofit organization that focuses on enhancing decent, safe, and sanitary housing options for elderly, handicapped, and individuals of low to moderate income residing in East Baton Rouge Parish. Their mission involves constructing, aiding in construction, or acquiring and equipping buildings, structures, and fixtures for this specific income group. With a modest workforce of four individuals, Partners For Progress Inc strives to improve living conditions and provide suitable housing solutions for the community they serve.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 42%, Zero-Star out of Four Star rating.
Partners For Progress Inc has received a low rating of 42% from Charity Navigator, indicating significant concerns about its accountability and financial management. While the organization does have a fully independent board and has received full marks for its audit oversight and documentation of board meeting minutes, it falls short in several critical governance areas.
Key weaknesses include the absence of essential policies such as conflict of interest and whistleblower protections, which are critical for ensuring transparency and ethical conduct. Additionally, the nonprofit's website is not listed on its tax form, and it lacks proper documentation of financial statements, further contributing to its low accountability score.
The program expense ratio is also notably low at 36.43%, suggesting that a minimal portion of its funds is directed towards its programs, which could raise questions regarding its operational efficiency. Overall, while the organization meets some governance standards, its significant shortcomings in various policies and financial management practices warrant a cautious approach from potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Partners For Progress Inc legitimate?
Partners For Progress Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners For Progress 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: $124,288
For more financial information, click here
What is the mission statement of Partners For Progress Inc?
Partners For Progress Inc's mission is centered around promoting and advancing decent, safe, and sanitary housing for the elderly, disabled, and low-income individuals. The organization strives to construct, aid in the construction of, or acquire and equip buildings, structures, and fixtures for residents with moderate incomes. Their primary goal is to provide suitable housing solutions for this specific demographic.
Who is the CEO of Partners For Progress Inc?
Jim Daniels is the CEO of Partners For Progress Inc The CEO's salary of Partners For Progress Inc is $0 and their total compensation is $309,028.
What is the revenue of Partners For Progress Inc?
Partners For Progress Inc's revenue in 2023 was $802,064.
Who are the executives of Partners For Progress Inc and what are their salaries?
The average compensation at Partners For Progress Inc during 2023 was $31,072. There are 4 employees and 7 volunteers at Partners For Progress Inc.
Here are 9 key members and their salaries (Partners For Progress Inc's CEO's salary is $0 and their total compensation is $309,028):
- 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: $265,830
- Other: $43,198
- Compensation: $43,495
- Related: $101,489
- Other: $23,639
Where can I find the form 990 for Partners For Progress Inc?
Partners For Progress Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Partners For Progress Inc
Partners For Progress Inc is committed to promoting and enhancing decent, safe, and sanitary housing options for elderly, handicapped, and low-income individuals in their community. Their mission extends to constructing, assisting in the construction of, or acquiring and equipping buildings, structures, and fixtures for these residents, aiming to provide them with suitable living conditions. The organization's primary objective is to advance housing opportunities for those who fall under the low to moderate income category, ensuring they have access to quality and secure living spaces.
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Impact
October, 2024
Partners For Progress Inc significantly enhances the quality of life for elderly, handicapped, and low to moderate-income individuals in East Baton Rouge Parish. By focusing on the promotion and advancement of decent, safe, and sanitary housing, the organization addresses critical housing needs within the community.
Through the construction, assistance in construction, and acquisition of buildings and structures, Partners For Progress Inc actively provides essential resources and support to ensure that vulnerable populations have access to adequate living conditions. This dedication not only impacts the physical well-being of residents but also fosters a sense of stability and community engagement among those they serve.
Overall, the organization's efforts contribute to improving the living standards and overall quality of life for its target demographics, creating a more inclusive and supportive environment in East Baton Rouge Parish.
This information is meant to be a general summary of Partners For Progress 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 2023.
- Investment Income: $3,520
- Program Service Revenue: $197,064
- Gross Receipts: $805,016
Assets and Liabilities:
- Total Assets: $8,282,668
- Total Liabilities: $2,797,702
- Net Assets: $5,484,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$119,514
ACQUISITION FEE
Revenue
$77,550
Organization Details
Founding Year
2004
Principal Officer
Jim Daniels
NTEE Category
Code: L20 - Housing
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