Overview
What is Partridge Place Apartments?
Partridge Place Apartments is a nonprofit organization situated in St. Louis, Missouri, specifically at 1101 N Jefferson Ave. Their primary mission is to offer supportive housing to low-income individuals living with HIV/AIDS, helping them maintain their health, security, happiness, and overall well-being. The apartment building, housing 18 units, is designed to cater to the unique physical, social, and psychological needs of its residents. Revenue for Partridge Place Apartments is sourced from government contracts and rent payments, which are capped at 30% of the residents' income. The organization strives to provide a long-term living solution for its residents, promoting their independence and overall improvement in life quality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Partridge Place Apartments has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 79% overall, with the assessment primarily based on its accountability measures. It boasts a fully independent board with all members meeting the criteria for independence, which contributes positively to its governance structure.
The nonprofit demonstrates strong financial practices, as evidenced by a program expense ratio of 88.18%, ensuring that a significant portion of its resources is allocated to its programs rather than administrative costs. Policies for conflict of interest, whistleblowing, and document retention have been established, all receiving full scores in their respective evaluations, highlighting a commitment to transparency and ethical governance.
However, the organization faces a challenge with a liabilities to assets ratio of 146.82%, which suggests that its obligations exceed its assets. This could raise concerns about financial sustainability in the long term. Overall, while Partridge Place Apartments exhibits strong governance and programmatic focus, attention to its financial liabilities will be crucial moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Partridge Place Apartments legitimate?
Partridge Place Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partridge Place Apartments 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: $19,268
For more financial information, click here
What is the mission statement of Partridge Place Apartments?
Partridge Place Apartments is dedicated to providing permanent supportive housing to low-income individuals living with HIV/AIDS who are otherwise homeless. Their mission is to offer a safe and nurturing environment that caters to the physical, social, and psychological needs of these individuals. The apartment complex, with 18 units, aims to promote their health, security, happiness, and usefulness in longer living. Revenue is generated through government contracts and the residents' rent, which is capped at 30% of their income.
Who is the CEO of Partridge Place Apartments?
Opal M Jones is the President & Ceo of Partridge Place Apartments. The CEO's salary of Partridge Place Apartments is $0 and their total compensation is $236,475.
What is the revenue of Partridge Place Apartments?
Partridge Place Apartments's revenue in 2022 was $643,948.
Who are the executives of Partridge Place Apartments and what are their salaries?
There 5 volunteers at Partridge Place Apartments.
Here are 8 key members and their salaries (Partridge Place Apartments's CEO's salary is $0 and their total compensation is $236,475):
- 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: $219,232
- Other: $17,243
- Compensation: $0
- Related: $143,585
- Other: $15,397
- Compensation: $0
- Related: $120,442
- Other: $14,770
Where can I find the form 990 for Partridge Place Apartments?
Partridge Place Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Partridge Place Apartments
Partridge Place Apartments, a nonprofit organization, is dedicated to providing permanent supportive housing for low-income individuals living with HIV/AIDS in St. Louis. The mission of Partridge Place Apartments is to offer a home and essential services to those who are otherwise homeless due to their HIV infection. The organization operates an apartment building, housing 18 units, specifically designed to cater to the physical, social, and psychological needs of its residents. By providing these facilities and services, Partridge Place Apartments aims to promote the health, security, happiness, and usefulness of its residents in their longer-term living. The revenue for Partridge Place Apartments comes from government contracts and the rent paid by the residents, which is capped at 30% of their income.
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Impact
July, 2024
Partridge Place Apartments provides critical support to low-income individuals in St. Louis living with HIV/AIDS by offering permanent supportive housing. Through its 18-unit apartment building, Partridge Place ensures that those disabled by HIV infection have access to housing facilities and services tailored to meet their physical, social, and psychological needs. By promoting their health, security, happiness, and usefulness in longer living, Partridge Place plays a vital role in improving the lives of its residents.
The organization's mission of providing permanent supportive housing to otherwise homeless individuals living with HIV/AIDS is crucial in addressing the challenges faced by this vulnerable population. Partridge Place Apartments' revenue sources include government contracts and residents' rent, which is capped at 30% of their income, ensuring affordability for those in need. Through its commitment to housing, health, and hope, Partridge Place Apartments positively impacts the lives of low-income St. Louisans living with HIV/AIDS.
This information is meant to be a general summary of Partridge Place Apartments. 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: $10
- Program Service Revenue: $41,567
- Gross Receipts: $643,948
Assets and Liabilities:
- Total Assets: $1,448,989
- Total Liabilities: $2,028,226
- Net Assets: -$579,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL FEES
Revenue
$38,901
TENANT FEES
Revenue
$2,666
Organization Details
Founding Year
2004
Phone
(314) 535-1919Principal Officer
Opal M Jones
Main Address
1101 N JEFFERSON AVE, ST LOUIS, MO, 63106
NTEE Category
Code: L22 - Housing
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