Overview
What is Paradise Haven Homes Ltd?
Paradise Haven Homes Ltd is a nonprofit organization situated in Tinley Park, Illinois, specifically at 8201 W 183RD STREET - SUITE K. Their primary mission is to provide affordable housing opportunities for eligible low-income individuals. Tenants pay a portion of their rent based on their income capability, in accordance with guidelines set forth by the U.S. Department of Housing and Urban Development (HUD). This organization's mission aligns with the provision of affordable housing for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Paradise Haven Homes Ltd has achieved a high rating of 90%, reflecting its strong performance in accountability and finance. This rating is significant as it is based solely on one beacon score, indicating the organization's commitment to financial integrity and responsible governance. The charity received top scores across various metrics, including the independence of its board members and the absence of material asset diversion.
The organization boasts a fully independent board, which is a crucial strength in ensuring unbiased decision-making and oversight. It also demonstrates a strong commitment to transparency, with comprehensive financial statements and a robust conflict of interest policy in place. Furthermore, the charity excels in program expense management, allocating 100% of its expenses directly to its programs, indicating effective utilization of resources for its mission.
While the charity's financial practices are commendable, the data does not provide detailed insights into its programmatic impact or community feedback. This lack of information on qualitative aspects may limit a full assessment of the charity's effectiveness in achieving its mission beyond financial metrics. Overall, Paradise Haven Homes Ltd showcases strong financial health and governance practices, making it a reliable choice for donors seeking to support accountable nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Paradise Haven Homes Ltd legitimate?
Paradise Haven Homes Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paradise Haven Homes Ltd 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: $140,292
For more financial information, click here
What is the mission statement of Paradise Haven Homes Ltd?
Paradise Haven Homes Ltd is committed to providing affordable housing for eligible low-income tenants. Their mission is centered around ensuring that individuals who fall under this income bracket have access to housing at a price they can afford. Tenants pay a portion of the rent based on their financial capabilities, as per the guidelines set by the HUD. The organization's primary objective is to make housing more accessible and affordable for this specific group, thereby contributing to their well-being and living standards.
Who is the CEO of Paradise Haven Homes Ltd?
John E Taylor is the President of Paradise Haven Homes Ltd.
What is the revenue of Paradise Haven Homes Ltd?
Paradise Haven Homes Ltd's revenue in 2023 was $895,011.
Who are the executives of Paradise Haven Homes Ltd and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Paradise Haven Homes Ltd?
Paradise Haven Homes Ltd's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Paradise Haven Homes Ltd
Paradise Haven Homes Ltd is committed to providing affordable housing for eligible low-income tenants. This nonprofit organization's mission is centered around ensuring that individuals who fall under the low-income bracket have access to decent and reasonably priced housing. The tenants pay a portion of their rent based on their ability to pay, following guidelines set by the U.S. Department of Housing and Urban Development (HUD). This approach enables those who are financially challenged to secure a place to call home, promoting a sense of stability and well-being. Paradise Haven Homes Ltd plays a crucial role in addressing the housing needs of low-income individuals, thereby contributing to a more equitable society.
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Impact
October, 2024
Paradise Haven Homes Ltd plays a critical role in addressing the housing needs of low-income individuals and families in Tinley Park, IL. By providing affordable housing, the organization makes a significant impact on the community, ensuring that eligible tenants have access to safe and stable living conditions.
The organization operates on a model where tenants contribute a portion of their income towards rent, which is determined based on guidelines set by the Department of Housing and Urban Development (HUD). This approach not only accommodates the financial realities faced by low-income families but also promotes long-term housing stability.
By focusing on affordable housing, Paradise Haven Homes Ltd helps reduce homelessness and housing insecurity, contributing to the overall well-being of the community. With its mission anchored in human services, the organization fosters a sense of belonging and support for those who may otherwise struggle to find suitable housing, ultimately enhancing the quality of life for its tenants and the surrounding area.
This information is meant to be a general summary of Paradise Haven Homes Ltd. 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 2023.
- Investment Income: $38
- Program Service Revenue: $894,973
- Gross Receipts: $895,011
Assets and Liabilities:
- Total Assets: $1,504,159
- Total Liabilities: $306,147
- Net Assets: $1,198,012
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL INCOME
Revenue
$85,144
LAUNDRY AND VENDING
Revenue
$1,335
MISCELLANEOUS INCOME
TENANT ASSISTANCE PMTS
Revenue
$808,494
Organization Details
Founding Year
1993
Phone
(708) 444-4942Principal Officer
John E Taylor
Main Address
8201 W 183RD STREET - SUITE K, TINLEY PARK, IL, 60487
NTEE Category
Code: P75Z - Human services
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