Overview
What is Palm Terrace Interfaith Housing Corp?
Palm Terrace Interfaith Housing Corp is a nonprofit organization situated in Lemon Grove, California. Their primary mission is to foster the construction and management of affordable housing for families with low to moderate incomes, the elderly, and individuals with disabilities. The organization is committed to assisting the low-income residents of San Diego County in securing suitable housing options. With a team of three dedicated individuals, Palm Terrace Interfaith Housing Corp plays a significant role in addressing housing affordability challenges in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
Palm Terrace Interfaith Housing Corp has received a moderate rating, indicating some positive aspects alongside notable concerns. The organization excels in governance, with a fully independent board and no material diversion of assets. Additionally, it has strong policies in place regarding conflicts of interest, whistleblowing, and document retention, which suggests a commitment to accountability and transparency.
However, the charity faces challenges in financial metrics, particularly with a high liabilities to assets ratio, which raises concerns about its financial stability. The absence of a posted tax form on its website also detracts from its transparency. While the program expense ratio is commendable, indicating that a significant portion of its expenses goes toward its programs, the overall financial health of the organization needs attention to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Palm Terrace Interfaith Housing Corp legitimate?
Palm Terrace Interfaith Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Terrace Interfaith Housing Corp 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: $114,181
For more financial information, click here
What is the mission statement of Palm Terrace Interfaith Housing Corp?
Palm Terrace Interfaith Housing Corp's mission is centered around assisting in the development of affordable housing options for low-income residents in San Diego County. They actively promote and oversee the creation and management of affordable housing units, catering to families, the elderly, and individuals with disabilities. The corporation's aim is to contribute to the provision of decent living spaces for those with limited financial means, thereby enhancing their quality of life.
Who is the CEO of Palm Terrace Interfaith Housing Corp?
Matthew B Jumper is the President & Ceo of Palm Terrace Interfaith Housing Corp. The CEO's salary of Palm Terrace Interfaith Housing Corp is $0 and their total compensation is $253,754.
What is the revenue of Palm Terrace Interfaith Housing Corp?
Palm Terrace Interfaith Housing Corp's revenue in 2022 was $1,017,343.
Who are the executives of Palm Terrace Interfaith Housing Corp and what are their salaries?
The average compensation at Palm Terrace Interfaith Housing Corp during 2022 was $38,060. There are 3 employees and 11 volunteers at Palm Terrace Interfaith Housing Corp.
Here are 12 key members and their salaries (Palm Terrace Interfaith Housing Corp's CEO's salary is $0 and their total compensation is $253,754):
- Compensation: $0
- Related: $253,754
- 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: $0
- Other: $0
Where can I find the form 990 for Palm Terrace Interfaith Housing Corp?
Palm Terrace Interfaith Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Palm Terrace Interfaith Housing Corp
Palm Terrace Interfaith Housing Corp is dedicated to aiding in the creation of reasonably priced housing options for low-income residents residing in San Diego County. The organization's primary mission is to promote the development and operation of affordable housing units for families with low to moderate incomes, as well as the elderly and individuals with disabilities. By providing such housing, Palm Terrace Interfaith Housing Corp contributes to the betterment of its community by ensuring that a diverse range of individuals can secure a stable living environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Palm Terrace Interfaith Housing Corp positively impacts the community by facilitating the development of affordable housing options for low and moderate-income residents in San Diego County. By promoting initiatives that cater specifically to families, the elderly, and individuals with disabilities, the organization addresses critical housing shortages, ensuring that vulnerable populations have access to safe and stable living environments.
In Lemon Grove and the surrounding areas, Palm Terrace's efforts not only improve housing availability but also foster community well-being and economic stability. By supporting diverse housing solutions, the organization contributes to a more inclusive society where residents can thrive without the overwhelming burden of housing costs. This commitment to affordable housing significantly enhances the quality of life for many individuals and families, providing them with the foundation they need to pursue their goals and aspirations.
This information is meant to be a general summary of Palm Terrace Interfaith Housing Corp. 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.
- Program Service Revenue: $1,017,343
- Gross Receipts: $1,017,343
Assets and Liabilities:
- Total Assets: $2,370,926
- Total Liabilities: $3,535,675
- Net Assets: -$1,164,749
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,017,343
Organization Details
Founding Year
1998
Phone
(619) 668-1532Principal Officer
Matthew B Jumper
Main Address
7956 LESTER AVENUE, LEMON GROVE, CA, 91945
NTEE Category
Code: L20 - Housing
If you are a representative of Palm Terrace Interfaith Housing Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.