Overview
What is Partners In Housing Development Corporation?
Partners In Housing Development Corporation, established in November 1993 as an Indiana not-for-profit entity, is committed to providing affordable housing for individuals in need of a stable living space. The corporation's mission is to offer support and opportunities for self-sufficiency, which it achieves through various activities, including the acquisition, development, rehabilitation, and construction of real property for low-income housing. With a team of 14 dedicated individuals, Partners In Housing Development Corporation contributes to enhancing living conditions for underprivileged communities in Indiana. The organization manages several low-income housing projects, such as Burton II, Colonial Park Apartments, and others, across Indianapolis.
Official website here: www.partnersinhousingindy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Partners In Housing Development Corporation holds an overall score of 87%, reflecting a strong commitment to accountability and financial management. The rating is particularly notable as it is derived solely from the Accountability & Finance beacon, which showcases the organization’s transparency and effective governance practices. The charity has received perfect scores in multiple categories, including having a fully independent board, a robust audit and oversight committee, and comprehensive policies for conflict of interest and whistleblowing.
One of the strengths of Partners In Housing Development Corporation is its commitment to maintaining a high level of oversight, indicated by its 100% independent board members and well-documented financial practices. The organization scored well in areas concerning asset management and transparency, with no material diversion of assets reported and appropriate financial documentation made readily available to the public.
However, while the charity excels in accountability, its program expense ratio stands at 59.52%, which could be improved to enhance the direct impact of its programs. This suggests that a larger portion of its budget may be allocated to administrative costs rather than direct service delivery. Overall, while Partners In Housing Development Corporation demonstrates strong financial practices, there is room for improvement in maximizing the funds dedicated to its mission-driven programs.
This AI summary has been generated from information found on Charity Navigator.
Is Partners In Housing Development Corporation legitimate?
Partners In Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners In Housing Development Corporation 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: $134,142
Professional Fundraising Fees: $0
Other Salaries and Wages: $407,849
For more financial information, click here
Official website here: www.partnersinhousingindy.org
What is the mission statement of Partners In Housing Development Corporation?
Partners In Housing Development Corporation, established in November 1993, is committed to providing affordable housing for individuals who require a stable living environment the most. The organization's mission is twofold: to offer affordable housing and provide support to help these individuals achieve self-sufficiency. To achieve these objectives, Partners in Housing engages in various activities, such as acquiring, developing, rehabilitating, and constructing real property for low-income housing. Additionally, the corporation offers supportive services to further assist the residents in their journey towards self-sufficiency.
Official website here: www.partnersinhousingindy.org
Who is the CEO of Partners In Housing Development Corporation?
Jennifer Green is the Executive Director of Partners In Housing Development Corporation.
Official website here: www.partnersinhousingindy.org
What is the revenue of Partners In Housing Development Corporation?
Partners In Housing Development Corporation's revenue in 2022 was $1,351,065.
Official website here: www.partnersinhousingindy.org
Who are the executives of Partners In Housing Development Corporation and what are their salaries?
The average compensation at Partners In Housing Development Corporation during 2022 was $38,714. There are 14 employees and 25 volunteers at Partners In Housing Development Corporation.
Here are 14 key members and their salaries:
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Official website here: www.partnersinhousingindy.org
Where can I find the form 990 for Partners In Housing Development Corporation?
Partners In Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.partnersinhousingindy.org
Learn more at the official website: www.partnersinhousingindy.org
Mission Statement of Partners In Housing Development Corporation
Partners In Housing Development Corporation, established in November 1993, is a not-for-profit organization with a mission to provide affordable housing to individuals who require a stable living environment the most. Recognizing the importance of a secure homebase, this corporation extends support and opportunities to help its residents achieve self-sufficiency, aiming for their highest level of independence. To accomplish these objectives, Partners In Housing Development Corporation engages in various activities, including the acquisition, development, rehabilitation, and construction of real property suitable for low-income housing. Furthermore, the organization offers supportive services to complement this housing initiative, ensuring a holistic approach to improving living conditions and empowering its residents.
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Impact
October, 2024
Partners In Housing Development Corporation significantly impacts the Indianapolis community by providing affordable housing and supportive services to individuals and families in need. With a mission focused on ensuring stable living conditions, the organization owns and operates a range of properties tailored for those with special needs, facilitating access to housing for some of the most vulnerable populations.
As of December 31, 2022, the organization managed various projects, including Burton II, Colonial Park Apartments, Mozingo Place, and others, totaling over 400 units dedicated to special needs housing. By not only acquiring and rehabilitating properties but also offering essential supportive services, Partners In Housing Development Corporation empowers residents, offering them a pathway to self-sufficiency. This comprehensive approach addresses both the immediate need for shelter and the long-term goal of personal and financial stability, fostering a healthier and more resilient community.
This information is meant to be a general summary of Partners In Housing Development Corporation. 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: $107,602
- Program Service Revenue: $423,875
- Gross Receipts: $1,361,849
Assets and Liabilities:
- Total Assets: $15,752,752
- Total Liabilities: $1,817,588
- Net Assets: $13,935,164
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$340,435
CONSULTING FEE INCOME
Revenue
$53,940
MANAGEMENT FEE INCOME
Revenue
$29,500
Organization Details
Founding Year
1993
Phone
(317) 633-1861Principal Officer
Jennifer Green
Main Address
725 N PENNSYLVANIA ST, INDIANAPOLIS, IN, 46204
NTEE Category
Code: L20Z - Housing
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