Overview
What is Parc Residential Options?
Parc Residential Options is a nonprofit organization, compliant with U.S. Department of Housing and Urban Development (HUD) guidelines, situated in Peoria, Illinois. The corporation specializes in offering housing solutions for individuals dealing with intellectual and developmental disabilities. It operates four group homes, each accommodating four residents, through funding from a HUD 811 mortgage and a Section 8 rent subsidy. This organization's primary mission is to ensure suitable housing for these individuals, promoting their independence and well-being.
Official website here: www.epicci.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Parc Residential Options has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. Scoring 97%, the charity's overall rating is based entirely on its accountability and finance, showcasing its dedication to responsible financial management and transparency.
The organization demonstrates exceptional governance with a fully independent board of directors, comprising seven members, all of whom have no ties to the organization. This independence is complemented by the absence of any material diversion of assets, along with well-established policies for conflict of interest, whistleblower protection, and document retention. These practices collectively ensure that the organization operates with integrity and trust.
The financial indicators are robust, with an asset-to-liability ratio of 1.61% and an impressive program expense ratio of 80.05%. This indicates that the majority of the funding is directed towards fulfilling its mission. Overall, Parc Residential Options exemplifies best practices in nonprofit management, though the single-focus rating also suggests that potential donors may want to seek additional information about its programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Parc Residential Options legitimate?
Parc Residential Options is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parc Residential Options 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.
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For more financial information, click here
Official website here: www.epicci.org
What is the mission statement of Parc Residential Options?
Parc Residential Options is dedicated to serving individuals with intellectual and developmental disabilities. Their mission, in line with the guidelines set by the U.S. Department of HUD, is primarily focused on providing housing solutions. They operate several group homes, specifically four 4-bedroom units, funded through a HUD 811 mortgage and a Section 8 rent subsidy, to facilitate this mission. The corporation's goal is to offer a secure and supportive living environment, enabling these individuals to lead fulfilling lives.
Official website here: www.epicci.org
Who is the CEO of Parc Residential Options?
Julia Kim Cornwell is the Principal Officer of Parc Residential Options.
Official website here: www.epicci.org
What is the revenue of Parc Residential Options?
Parc Residential Options's revenue in 2023 was $104,260.
Official website here: www.epicci.org
Who are the executives of Parc Residential Options and what are their salaries?
There 7 volunteers at Parc Residential Options.
Here are 7 key members and their salaries:
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Official website here: www.epicci.org
Where can I find the form 990 for Parc Residential Options?
Parc Residential Options's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.epicci.org
Learn more at the official website: www.epicci.org
Mission Statement of Parc Residential Options
Parc Residential Options, as a nonprofit organization, is dedicated to providing housing solutions for individuals with intellectual and developmental disabilities. This mission is carried out through the operation of four group homes, each with four bedrooms. The corporation's efforts are backed by the U.S. Department of HUD, with funding coming from a HUD 811 mortgage and a Section 8 rent subsidy. This support enables Parc Residential Options to offer affordable and suitable housing options for those in need, contributing to their overall well-being and independence.
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Impact
October, 2024
Parc Residential Options plays a crucial role in the Peoria, IL community by offering safe and supportive housing for individuals with intellectual and developmental disabilities. By operating four group homes with a 4-bedroom capacity each, the organization facilitates a living environment that fosters independence, community integration, and personal growth.
The provision of housing meets essential needs while aligning with federal support systems established by the U.S. Department of HUD, including the HUD 811 mortgage and Section 8 rent subsidies. This framework not only ensures affordability for residents but also promotes stability and security in their living arrangements.
By focusing on this population, Parc Residential Options helps to improve quality of life, enhance social inclusion, and empower individuals through dedicated housing solutions that uphold their dignity and autonomy. This impact resonates not only within the homes themselves but also throughout the wider community, promoting awareness and acceptance of individuals with disabilities.
This information is meant to be a general summary of Parc Residential Options. 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: $177
- Program Service Revenue: $104,083
- Gross Receipts: $104,260
Assets and Liabilities:
- Total Assets: $444,495
- Total Liabilities: $7,167
- Net Assets: $437,328
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income Assistance
Revenue
$104,083
Organization Details
Founding Year
1995
Phone
(309) 691-3800Principal Officer
Julia Kim Cornwell
Main Address
1913 W Townline Rd, Peoria, IL, 61615
Website
www.epicci.orgNTEE Category
Code: L20 - Housing
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