Overview
What is Plymouth Non-Profit Housing Corporation?
Plymouth Non-Profit Housing Corporation, located in Detroit, Michigan, is a dedicated nonprofit organization that specializes in providing affordable housing rentals for low-income families and those displaced due to urban renewal projects. With a team of four dedicated individuals, the corporation's primary mission is to cater to families in need, offering them a stable living environment. Their work contributes significantly to the community, offering a crucial service for families who might otherwise struggle to find affordable housing options.
What are the reviews and ratings of this charity?
90% rating from Charity Navigator.
Plymouth Non-Profit Housing Corporation has achieved a Four-Star out of Four Star rating, reflecting a strong commitment to accountability and financial management. The organization scored 90% in its overall rating, demonstrating effective practices in various areas such as board independence and financial oversight. This high score is primarily based on its exemplary accountability and finance metrics.
The board of directors is fully composed of independent members, which is a significant strength, as it enhances governance and decision-making processes. The organization also scored perfectly in areas such as conflict of interest policies and the maintenance of financial integrity, as indicated by a low liabilities-to-assets ratio and a high percentage of program expenses dedicated to its mission.
While the data reflects strong performance in financial accountability, the summary does not provide insights into the organization's impact or effectiveness in achieving its mission. Nonetheless, the high rating indicates a well-managed nonprofit with a focus on transparency and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Plymouth Non-Profit Housing Corporation legitimate?
Plymouth Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plymouth Non-Profit Housing 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: $156,184
For more financial information, click here
What is the mission statement of Plymouth Non-Profit Housing Corporation?
The Plymouth Non-Profit Housing Corporation's mission is centered around providing affordable housing solutions. Specifically, they offer rental properties to families who fall under the categories of low and moderate income, as well as families displaced due to urban renewal projects. Their objective is to contribute to the community by making housing accessible to a segment of society that may otherwise struggle with affordability. The corporation's activities are geared towards fulfilling this mission, providing a vital service in ensuring that families have a stable living environment.
What is the revenue of Plymouth Non-Profit Housing Corporation?
Plymouth Non-Profit Housing Corporation's revenue in 2023 was $1,858,392.
Who are the executives of Plymouth Non-Profit Housing Corporation and what are their salaries?
The average compensation at Plymouth Non-Profit Housing Corporation during 2023 was $39,046. There are 4 employees at Plymouth Non-Profit Housing Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Plymouth Non-Profit Housing Corporation?
Plymouth Non-Profit Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Plymouth Non-Profit Housing Corporation
Plymouth Non-Profit Housing Corporation is dedicated to providing affordable housing solutions for low-income families and those displaced from urban renewal areas. In line with its mission, the organization offers non-profit housing rentals as a means to address the housing needs of these families, ensuring they have a secure and stable living environment. By offering rental properties, Plymouth Non-Profit Housing Corporation seeks to foster a sense of community and provide a sense of home for those who may otherwise struggle to secure affordable housing. The organization's mission is a testament to its commitment to helping those in need and contributing to the betterment of society.
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Impact
July, 2024
Plymouth Non-Profit Housing Corporation has a significant impact on providing affordable housing rentals to low and moderate-income families in Detroit, MI. By offering non-profit housing options, the organization helps ensure that families in need have access to safe and decent housing. Additionally, Plymouth Non-Profit Housing Corporation plays a crucial role in assisting families who have been displaced from urban renewal areas, providing them with stability and support during challenging times. Through its mission of offering non-profit housing rentals, this organization positively impacts the lives of disadvantaged families, contributing to the overall well-being of the community.
This information is meant to be a general summary of Plymouth Non-Profit Housing 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 2023.
- Investment Income: $5,432
- Program Service Revenue: $1,847,278
- Gross Receipts: $1,858,392
Assets and Liabilities:
- Total Assets: $2,009,602
- Total Liabilities: $254,523
- Net Assets: $1,755,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,778,879
TOWING REVENUE
Revenue
$49,500
TENANT CHARGES
Revenue
$14,630
LAUNDRY AND VENDING REVENUE
Revenue
$4,269
Organization Details
Founding Year
1968
Principal Officer
Reginald Moore
NTEE Category
Code: L200 - Housing
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