Overview
What is Prairie Lake Estates Homeowners Cooperative?
Prairie Lake Estates Homeowners Cooperative is a nonprofit organization situated in Kenosha, Wisconsin. Their primary mission is to offer affordable housing on a cooperative basis to residents with very-low, low, and moderate incomes. The cooperative strives to eliminate prejudice and discrimination and combat community deterioration. Additionally, it provides financial relief, assistance, and opportunities to improve the quality of life for families and fixed-income retirees in a secure and stable community, without any discrimination. The cooperative's activities are centered around offering affordable housing solutions, ensuring a better standard of living for its residents.
Official website here: www.prairielakeestates.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Prairie Lake Estates Homeowners Cooperative received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This rating is based entirely on their Accountability & Finance score of 81%. Key strengths include a fully independent board and high scores for financial transparency, such as a 95.48% program expense ratio, which suggests that a significant portion of their expenditures directly supports their mission.
While the organization exhibits strengths in board independence and financial management, it does have notable limitations. Specifically, it lacks a whistleblower policy, which could affect its accountability practices. Additionally, the liabilities to assets ratio is relatively high at 78.95%, indicating potential financial risk that stakeholders may want to consider.
Overall, Prairie Lake Estates Homeowners Cooperative demonstrates a commitment to transparency and financial responsibility but should address its policy gaps to enhance its governance and reduce financial concerns.
This AI summary has been generated from information found on Charity Navigator.
Is Prairie Lake Estates Homeowners Cooperative legitimate?
Prairie Lake Estates Homeowners Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prairie Lake Estates Homeowners Cooperative 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: $0
For more financial information, click here
Official website here: www.prairielakeestates.coop
What is the mission statement of Prairie Lake Estates Homeowners Cooperative?
The Prairie Lake Estates Homeowners Cooperative is dedicated to providing low-income, affordable housing without discrimination. The organization aims to offer financial relief, assistance, and opportunities to enhance the living standards of families and retirees on fixed incomes. They strive to establish a safe and stable community where residents can improve their quality of life. The cooperative's mission is to eliminate prejudice and combat community deterioration, ensuring that all residents can live in a secure environment.
Official website here: www.prairielakeestates.coop
Who is the CEO of Prairie Lake Estates Homeowners Cooperative?
Frank Serpe is the Secretary of Prairie Lake Estates Homeowners Cooperative.
Official website here: www.prairielakeestates.coop
What is the revenue of Prairie Lake Estates Homeowners Cooperative?
Prairie Lake Estates Homeowners Cooperative's revenue in 2022 was $509,477.
Official website here: www.prairielakeestates.coop
Who are the executives of Prairie Lake Estates Homeowners Cooperative and what are their salaries?
There 20 volunteers at Prairie Lake Estates Homeowners Cooperative.
Here are 7 key members and their salaries:
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Official website here: www.prairielakeestates.coop
Where can I find the form 990 for Prairie Lake Estates Homeowners Cooperative?
Prairie Lake Estates Homeowners Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prairielakeestates.coop
Learn more at the official website: www.prairielakeestates.coop
Mission Statement of Prairie Lake Estates Homeowners Cooperative
Prairie Lake Estates Homeowners Cooperative is committed to providing affordable housing for families and fixed income retirees who fall into the very-low, low, and moderate income categories. This nonprofit organization strives to eliminate prejudice and discrimination, aiming to create a safe and stable community for its residents. In addition to offering housing, Prairie Lake Estates Homeowners Cooperative also provides financial relief, assistance, and opportunities to help raise the standard of living for its residents. The cooperative's mission is to combat community deterioration and contribute to the overall well-being of its residents, ensuring they can live in a secure and inclusive environment.
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Impact
July, 2024
Prairie Lake Estates Homeowners Cooperative makes a significant impact by providing low-income affordable housing without prejudice. This allows families and fixed-income retirees to access safe and stable housing options, raising their standard of living. The cooperative's mission to combat community deterioration and eliminate discrimination helps create a secure environment for residents. Through financial relief and assistance, Prairie Lake Estates offers the opportunity for a better quality of life for individuals in need within the Kenosha community.
This information is meant to be a general summary of Prairie Lake Estates Homeowners Cooperative. 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: $512
- Program Service Revenue: $503,900
- Gross Receipts: $509,477
Assets and Liabilities:
- Total Assets: $4,449,523
- Total Liabilities: $3,601,097
- Net Assets: $848,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$503,900
Organization Details
Founding Year
2013
Phone
(262) 914-5545Principal Officer
Frank Serpe
Main Address
8200 75TH STREET LOT 73, KENOSHA, WI, 53142
Website
www.prairielakeestates.coopNTEE Category
Code: L20 - Housing
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