Overview
What is Paramount Housing & Develpoment Ext?
Paramount Housing & Development Ext is a nonprofit organization based in Dayton, Ohio, specifically located at 1818 W Third St. Their primary mission is to offer behavioral health and tutoring services to clients residing in the Ohio area. In simpler terms, they provide mental health support and educational assistance to individuals within their region. The organization's goal is to enhance the well-being and academic progress of its clients. They are dedicated to making a positive impact in the lives of Ohioans by offering these essential services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (40%)
Paramount Housing & Development Ext has received a low rating of 40%, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, which is a positive aspect, it lacks several essential policies and transparency measures. Specifically, there are no listed conflict of interest or document retention policies, and its website does not contain crucial documents such as the tax form, which detracts from its credibility.
The organization's financial metrics reveal a concerning program expense ratio of 40.15%, suggesting limited funds are directed towards its programs. Furthermore, the liabilities to assets ratio is notably high at 9.41%, raising questions about its financial stability. These issues highlight the need for improvement in financial management and transparency to foster greater trust among stakeholders.
Overall, while Paramount Housing & Development Ext has some strengths, such as an independent board and the absence of asset diversion, its lack of transparency and subpar financial practices significantly undermine its effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Housing & Develpoment Ext legitimate?
Paramount Housing & Develpoment Ext is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Housing & Develpoment Ext 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: $59,099
For more financial information, click here
What is the mission statement of Paramount Housing & Develpoment Ext?
Paramount Housing & Development Ext's mission is centered around providing essential services to its clients in Ohio. Specifically, they focus on delivering behavioral health and tutoring services. This organization is committed to supporting individuals in various ways, aiming to improve their overall well-being and academic progress. By offering these services, Paramount Housing & Development Ext contributes to fostering personal growth and development in its clientele.
Who is the CEO of Paramount Housing & Develpoment Ext?
Dr Margo Willis is the Advisory of Paramount Housing & Develpoment Ext.
What is the revenue of Paramount Housing & Develpoment Ext?
Paramount Housing & Develpoment Ext's revenue in 2021 was $124,598.
Who are the executives of Paramount Housing & Develpoment Ext and what are their salaries?
There 15 volunteers at Paramount Housing & Develpoment Ext.
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 Paramount Housing & Develpoment Ext?
Paramount Housing & Develpoment Ext's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Paramount Housing & Develpoment Ext
Paramount Housing & Development Ext is committed to offering behavioral health and tutoring services to its clients in the Ohio area. This nonprofit organization's mission is to provide a comprehensive approach to support the overall well-being of its clients, focusing on both their academic and mental health needs. By offering tutoring services, Paramount Housing & Development Ext aims to help individuals improve their academic performance and build confidence in their abilities. Simultaneously, the mental health services provided by the organization aim to address any emotional or psychological challenges that its clients may be facing, promoting overall well-being and resilience. Through its dedicated efforts, Paramount Housing & Development Ext aims to contribute positively to the lives of its clients in Ohio, providing them with the tools and support needed to succeed both academically and emotionally.
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Impact
October, 2024
Paramount Housing & Development Ext significantly impacts the Daytona community by providing essential tutoring and mental health services. By addressing both educational and psychological needs, it fosters a more supportive environment for individuals and families facing various challenges in Ohio.
The tutoring services enhance academic performance, helping students gain confidence and improve their skills, which can lead to better opportunities in the future. Meanwhile, the mental health services offer crucial support to those struggling with emotional and behavioral issues, promoting overall wellness and resilience within the community. This dual-focus approach ensures that clients not only succeed academically but also thrive personally, creating a healthier, more empowered population.
This information is meant to be a general summary of Paramount Housing & Develpoment Ext. 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 2021.
- Program Service Revenue: $124,598
- Gross Receipts: $124,598
Assets and Liabilities:
- Total Assets: $371,856
- Total Liabilities: $35,011
- Net Assets: $336,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXEMPT FUNCTION REVENUE
Revenue
$124,598
Organization Details
Founding Year
2020
Phone
(937) 263-8176Principal Officer
Dr Margo Willis
Main Address
1818 W THIRD ST, DAYTON, OH, 45417
NTEE Category
Code: L25 - Housing
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