Overview
What is Prairie Haven Homes Ltd Co Universal Management Corporation?
Prairie Haven Homes Ltd Co Universal Management Corporation is a nonprofit organization located in Tinley Park, Illinois. Their primary mission is to provide affordable housing for low-income elderly and disabled individuals. The project operates under the guidance of the U.S. Department of Housing and Urban Development (HUD), where eligible tenants pay a portion of their rent based on their income capacity. The organization plays a crucial role in ensuring accessible and comfortable living spaces for those who need it most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Prairie Haven Homes Ltd Co Universal Management Corporation has earned a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization achieved an overall score of 90%, primarily based on its strong performance in the Accountability & Finance category. This rating reflects the organization's commitment to transparency and effective financial management.
The nonprofit demonstrates exemplary governance, with an entirely independent board made up of five members. It has also successfully implemented key policies regarding conflict of interest and document retention, further enhancing its operational integrity. Notably, the organization has a perfect Program Expense Ratio, indicating that all of its expenses are directed towards its programs.
While the data highlights significant strengths in financial oversight and governance, ongoing evaluation of program effectiveness and community impact would be beneficial. However, the current financial metrics and adherence to best practices position Prairie Haven Homes as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Prairie Haven Homes Ltd Co Universal Management Corporation legitimate?
Prairie Haven Homes Ltd Co Universal Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prairie Haven Homes Ltd Co Universal Management 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,156
For more financial information, click here
What is the mission statement of Prairie Haven Homes Ltd Co Universal Management Corporation?
Prairie Haven Homes Ltd Co Universal Management Corporation is committed to providing low-income housing for elderly and disabled individuals. Their mission is centered around offering suitable living spaces for eligible tenants who fall under the category of having limited financial means. The rent paid by these tenants is proportionate to their earning capacity, as determined by HUD. The organization's primary objective is to ensure these individuals have a secure and comfortable living environment, thereby enhancing their quality of life.
Who is the CEO of Prairie Haven Homes Ltd Co Universal Management Corporation?
John Taylor is the President of Prairie Haven Homes Ltd Co Universal Management Corporation.
What is the revenue of Prairie Haven Homes Ltd Co Universal Management Corporation?
Prairie Haven Homes Ltd Co Universal Management Corporation's revenue in 2021 was $559,874.
Who are the executives of Prairie Haven Homes Ltd Co Universal Management Corporation and what are their salaries?
Where can I find the form 990 for Prairie Haven Homes Ltd Co Universal Management Corporation?
Prairie Haven Homes Ltd Co Universal Management Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Prairie Haven Homes Ltd Co Universal Management Corporation
Prairie Haven Homes Ltd Co Universal Management Corporation is dedicated to providing low-income housing for elderly and disabled individuals. This mission is carried out by offering housing to eligible tenants who can pay a portion of their rent based on their income, as determined by the HUD. The organization aims to provide a safe and affordable living environment for these vulnerable individuals, ensuring they can maintain their independence and dignity while receiving necessary support. By providing housing, Prairie Haven Homes Ltd Co Universal Management Corporation contributes to the well-being and stability of its residents, offering them a sense of community and security.
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Impact
July, 2024
Prairie Haven Homes Ltd Co Universal Management Corporation's impact is significant in providing low-income housing for elderly and disabled individuals in Tinley Park, Illinois. Through their project, eligible low-income tenants are able to access affordable housing, with rents determined based on their ability to pay as assessed by HUD. This initiative directly addresses the pressing need for accessible and affordable housing options for vulnerable populations, thus making a tangible difference in the lives of those who benefit from their services.
This information is meant to be a general summary of Prairie Haven Homes Ltd Co Universal Management 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 2021.
- Investment Income: $20
- Program Service Revenue: $559,854
- Gross Receipts: $559,874
Assets and Liabilities:
- Total Assets: $1,871,821
- Total Liabilities: $616,372
- Net Assets: $1,255,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$59,581
TENANT ASSISTANCE PMTS
Revenue
$499,773
TENANT CHARGES
Revenue
$500
Organization Details
Founding Year
2004
Phone
(708) 444-4942Principal Officer
John Taylor
Main Address
C/O UMC 8201 W 183RD STREET, TINLEY PARK, IL, 60487
NTEE Category
Code: L22 - Housing
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