Overview
What is Preferred Properties Inc?
Preferred Properties Inc, situated in Toledo, Ohio, is a dedicated nonprofit organization with a mission to provide affordable and accessible housing for individuals with disabilities, seniors, and those in need. With a workforce of 18 passionate individuals, their goal is to facilitate community integration by creating and managing housing solutions tailored to these groups. They strive to offer a choice of living environments, ensuring that their residents can thrive within their desired communities.
Official website here: www.preferred-properties.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Preferred Properties Inc has achieved a perfect score of 100% on Charity Navigator, reflecting exceptional accountability and financial health. This high rating is based solely on their Accountability & Finance beacon, which indicates a strong commitment to transparency and responsible management of resources. The organization demonstrates a robust financial oversight structure, with an independent board and effective policies in place.
Strengths of Preferred Properties Inc include a fully independent board, with all eight members meeting the criteria, and exemplary financial management practices. The organization has a significant commitment to program expenses, allocating over 85% of its resources directly to its programs. Additionally, it has no material diversions of assets, showcasing effective stewardship of funds.
Limitations are not explicitly mentioned; however, it is important for potential donors to consider how the organization communicates its impact and programs to the public. While the financial metrics are strong, ongoing engagement and transparency regarding program outcomes could further enhance trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Preferred Properties Inc legitimate?
Preferred Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preferred Properties 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: $96,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $446,441
For more financial information, click here
Official website here: www.preferred-properties.org
What is the mission statement of Preferred Properties Inc?
Preferred Properties Inc's mission is centered around providing affordable and accessible housing for individuals with disabilities, seniors, and others in need. Their objective is to establish and manage such housing facilities, aiming to enable these groups to choose their desired community. The organization's mission is geared towards creating living spaces that cater to the unique needs of these groups, fostering a sense of community and independence.
Official website here: www.preferred-properties.org
Who is the CEO of Preferred Properties Inc?
Cheryl Wilson is the Trustee of Preferred Properties Inc.
Official website here: www.preferred-properties.org
What is the revenue of Preferred Properties Inc?
Preferred Properties Inc's revenue in 2022 was $1,320,983.
Official website here: www.preferred-properties.org
Who are the executives of Preferred Properties Inc and what are their salaries?
The average compensation at Preferred Properties Inc during 2022 was $30,156. There are 18 employees and 7 volunteers at Preferred Properties Inc.
Here are 8 key members and their salaries:
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- Other: $0
- Compensation: $71,120
- Related: $12,552
- Other: $12,689
Official website here: www.preferred-properties.org
Where can I find the form 990 for Preferred Properties Inc?
Preferred Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preferred-properties.org
Learn more at the official website: www.preferred-properties.org
Mission Statement of Preferred Properties Inc
Preferred Properties Inc, a nonprofit organization, is dedicated to fulfilling a mission that involves creating and managing affordable and accessible housing options for individuals with disabilities, seniors, and others in need. This mission is geared towards facilitating their choice of community. By providing affordable housing, Preferred Properties Inc aims to empower these individuals, enabling them to live with dignity and independence within their preferred communities.
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Impact
October, 2024
Preferred Properties Inc significantly impacts the Toledo community by providing affordable and accessible housing for individuals with disabilities, seniors, and others in need. By focusing on creating and managing suitable living environments, they enhance the quality of life for vulnerable populations, facilitating their integration and choice within the community. This not only addresses the urgent housing needs of these groups but also promotes diversity, inclusion, and a sense of belonging in the area. Through their dedicated efforts, Preferred Properties fosters community improvement and helps individuals lead more independent and fulfilling lives.
This information is meant to be a general summary of Preferred Properties 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: $86,078
- Program Service Revenue: $635,083
- Gross Receipts: $1,320,983
Assets and Liabilities:
- Total Assets: $7,733,847
- Total Liabilities: $403,131
- Net Assets: $7,330,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$360,791
MANAGEMENT FEE INCOME
Revenue
$274,292
Organization Details
Founding Year
1992
Phone
(419) 244-9609Principal Officer
Cheryl Wilson
Main Address
5555 AIRPORT HIGHWAY 145, TOLEDO, OH, 43615
Website
www.preferred-properties.orgNTEE Category
Code: S20Z - Community improvement
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