Overview
What is Partnership For Affordable Housing Inc?
Partnership For Affordable Housing Inc, situated in Carmel, Indiana, is a dedicated nonprofit organization. Its primary mission is to provide affordable housing options for low-income individuals, families, and the elderly. The organization manages 224 residential units and offers a range of supportive services, including scheduled meal programs, a hair salon, social activities, and transportation arrangements. These services aim to enhance the living experiences of its residents and contribute to their overall well-being.
Official website here: www.pahinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Partnership For Affordable Housing Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization scores well in several areas, such as having a fully independent board and strong financial statement audits. Additionally, it maintains a high program expense ratio, reflecting a commitment to its mission.
However, there are notable weaknesses that contribute to the lower rating. The organization lacks key policies, including a whistleblower policy and a document retention policy, which are crucial for transparency and governance. Furthermore, the absence of the tax form on its website and a concerning liabilities to assets ratio indicate potential areas for financial management improvement.
Overall, while Partnership For Affordable Housing Inc demonstrates strengths in governance and program funding, addressing its policy gaps and financial ratios could significantly enhance its overall accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership For Affordable Housing Inc legitimate?
Partnership For Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership For Affordable Housing 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:
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Official website here: www.pahinc.org
What is the mission statement of Partnership For Affordable Housing Inc?
The Partnership For Affordable Housing Inc is committed to providing affordable housing units for low-income, multi-family, and elderly residents. Their mission encompasses offering essential services such as scheduled meal programs, a hair salon, social activities, and arranging transportation for residents' convenience. The organization's primary goal is to enhance the living conditions and quality of life for those in need, providing a sense of community and support.
Official website here: www.pahinc.org
Who is the CEO of Partnership For Affordable Housing Inc?
Douglas Sylvester is the President of Partnership For Affordable Housing Inc.
Official website here: www.pahinc.org
What is the revenue of Partnership For Affordable Housing Inc?
Partnership For Affordable Housing Inc's revenue in 2022 was $1,855,435.
Official website here: www.pahinc.org
Who are the executives of Partnership For Affordable Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.pahinc.org
Where can I find the form 990 for Partnership For Affordable Housing Inc?
Partnership For Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pahinc.org
Learn more at the official website: www.pahinc.org
Mission Statement of Partnership For Affordable Housing Inc
The Partnership For Affordable Housing Inc is dedicated to providing affordable housing units for low-income, multi-family, and elderly residents. Their mission encompasses more than just offering affordable living spaces; it includes organizing scheduled meal programs, operating a hair salon, facilitating social activities, and arranging transportation for the residents. By offering these additional services, the organization aims to enhance the overall quality of life for its residents, fostering a sense of community and support within the housing complex.
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Impact
October, 2024
Partnership For Affordable Housing Inc significantly impacts the community by providing 224 affordable housing units primarily for low-income, multi-family, and elderly residents in Carmel, IN. By ensuring access to quality housing, they contribute to a more stable living environment, fostering a sense of security and belonging among residents.
In addition to housing, the organization enhances the quality of life through a variety of supportive services. Scheduled meal programs promote health and nutrition, while social activities encourage community engagement and combat loneliness, particularly among elderly residents. The inclusion of amenities such as a hair salon further supports residents' well-being, allowing them access to essential personal care services.
Moreover, the organization facilitates transportation arrangements, which is crucial for enabling residents to access essential services and participate in community events. Overall, Partnership For Affordable Housing Inc plays a vital role in enhancing the lives of its residents by addressing their housing needs and providing essential support services that foster community involvement and personal well-being.
This information is meant to be a general summary of Partnership For Affordable Housing 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: $20,276
- Program Service Revenue: $1,693,919
- Gross Receipts: $1,859,368
Assets and Liabilities:
- Total Assets: $10,187,974
- Total Liabilities: $7,526,180
- Net Assets: $2,661,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,693,919
Organization Details
Founding Year
1991
Phone
(317) 580-2535Principal Officer
Douglas Sylvester
Main Address
11590 N MERIDIAN STREET 550, CARMEL, IN, 46032
Website
www.pahinc.orgNTEE Category
Code: L21 - Housing
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