Overview
What is Prairieland Council Inc?
Prairieland Council Inc is a nonprofit organization committed to offering rural development, providing 44 units of clean, safe, and affordable low-rent apartments. Additionally, they offer 40 units under tax credit, expanding their affordable housing options. The organization's primary mission is to contribute to the community by addressing the housing needs of its residents, ensuring they have access to decent, secure living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Prairieland Council Inc has achieved a solid score of 86%, reflecting a commendable level of accountability and financial health. This rating signifies that the organization is well-managed, with a fully independent board and strong oversight practices. The charity excels in its commitment to transparency, demonstrated by its complete compliance with essential governance metrics, such as maintaining a conflict of interest policy and documenting board meeting minutes.
Strengths noted include a robust program expense ratio of 74.33%, indicating that a significant portion of its funds is directed towards its mission-related activities. The organization also shows sound financial practices, with a low liabilities-to-assets ratio of 49.67%. These metrics suggest that Prairieland Council Inc is effectively utilizing its resources to fulfill its objectives while maintaining a strong fiscal position.
While the overall rating is positive, the information does not highlight any areas of concern or limitations. This suggests that Prairieland Council Inc is performing well in its operations and governance, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Prairieland Council Inc legitimate?
Prairieland Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prairieland Council 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,363
For more financial information, click here
What is the mission statement of Prairieland Council Inc?
Prairieland Council Inc's mission is centered around providing rural development, specifically by offering 44 units of clean, safe, and affordable low-rent apartments. Additionally, they offer 40 units under tax credit, continuing their commitment to affordable housing in rural areas. The organization's primary goal is to contribute to rural development by providing these housing solutions.
Who is the CEO of Prairieland Council Inc?
Jerry Payne is the President of Prairieland Council Inc.
What is the revenue of Prairieland Council Inc?
Prairieland Council Inc's revenue in 2022 was $942,103.
Who are the executives of Prairieland Council Inc and what are their salaries?
The average compensation at Prairieland Council Inc during 2022 was $2,112. There are 57 employees at Prairieland Council Inc.
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Where can I find the form 990 for Prairieland Council Inc?
Prairieland Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prairieland Council Inc
Prairieland Council Inc, a nonprofit organization, is dedicated to providing rural development low-rent apartments. They offer a total of 84 units, including 44 clean and safe, affordable units and an additional 40 tax credit units. The organization's mission is to contribute to the development of rural communities by providing affordable housing options, thereby enhancing the living standards of its residents.
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Impact
October, 2024
Prairieland Council Inc significantly contributes to the community by offering 44 units of clean, safe, and affordable low-rent apartments, along with an additional 40 tax credit units in Havana, IL. This initiative addresses the pressing need for affordable housing in rural areas, ensuring that residents have access to decent living conditions without overwhelming financial burdens. The availability of these units not only enhances the quality of life for individuals and families but also fosters stability and community growth. By prioritizing rural development in housing, Prairieland Council Inc plays a crucial role in supporting low-income individuals and families, helping to alleviate poverty and promote economic resilience within the community.
This information is meant to be a general summary of Prairieland Council 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.
- Program Service Revenue: $598,163
- Gross Receipts: $942,103
Assets and Liabilities:
- Total Assets: $2,425,504
- Total Liabilities: $1,216,543
- Net Assets: $1,208,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fee
Revenue
$138,672
44 Units of Housing
Revenue
$459,491
Organization Details
Founding Year
2003
Principal Officer
Jerry Payne
Main Address
1002 East Laurel Avenue PO Box 79, Havana, IL, 62644
NTEE Category
Code: L21 - Housing
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