Overview
What is Perry Lake Nonprofit Housing Corporation?
Perry Lake Nonprofit Housing Corporation is a Michigan-based, not-for-profit organization, established in compliance with the state's non-profit statutes. Its primary mission is to offer low-income housing opportunities for individuals with disabilities. Specifically, the corporation operates two residences named Springhill Housing I, situated in the Metropolitan Detroit area, which cater to persons with developmental disabilities in accordance with Section 811 of the National Housing Act. These residences provide essential housing solutions, ensuring that individuals with disabilities have access to safe and comfortable living spaces.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Perry Lake Nonprofit Housing Corporation has received an 82% score from Charity Navigator, reflecting a strong emphasis on accountability and finance. This rating is based solely on their comprehensive metrics in these areas, indicating effective management of their resources and transparency in operations. The organization's score highlights the importance of maintaining high standards and practices in the nonprofit sector.
The nonprofit showcases its strengths through a fully independent board, with all members (10 out of 10) meeting the criteria for independence. Additionally, they demonstrate robust financial practices, achieving an impressive program expense ratio of 87.16%, which ensures that the bulk of their expenditures directly support their programs and mission. Their commitment to good governance is further evidenced by the presence of essential policies, such as conflict of interest and whistleblower protections.
While the organization displays several strengths, the score indicates that there may be limited areas for further improvement. However, the absence of any material diversion of assets and adherence to transparency with publicly available documents reflects positively on their operational integrity. Overall, Perry Lake Nonprofit Housing Corporation is positioned as a responsible organization, effectively fulfilling its mission while maintaining a high level of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Perry Lake Nonprofit Housing Corporation legitimate?
Perry Lake Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Perry Lake Nonprofit 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Perry Lake Nonprofit Housing Corporation?
The Perry Lake Nonprofit Housing Corporation is dedicated to providing low-income housing opportunities for individuals with disabilities. Established in accordance with Michigan's not-for-profit statutes, this organization operates two residences, Springhill Housing I, located in the Metropolitan Detroit area. These residences cater to individuals with developmental disabilities, in compliance with Section 811 of the National Housing Act. The corporation's primary mission is to offer a supportive living environment for these individuals, promoting their independence and well-being. By providing affordable housing, the Perry Lake Nonprofit Housing Corporation aims to enhance the quality of life for individuals with disabilities, ensuring they have access to safe and comfortable living spaces.
Official website here: www.none
Who is the CEO of Perry Lake Nonprofit Housing Corporation?
Kevin Wiedelman is the President of Perry Lake Nonprofit Housing Corporation.
Official website here: www.none
What is the revenue of Perry Lake Nonprofit Housing Corporation?
Perry Lake Nonprofit Housing Corporation's revenue in 2022 was $71,601.
Official website here: www.none
Who are the executives of Perry Lake Nonprofit Housing Corporation and what are their salaries?
There 8 volunteers at Perry Lake Nonprofit Housing Corporation.
Here are 8 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Perry Lake Nonprofit Housing Corporation
Perry Lake Nonprofit Housing Corporation, a Michigan-based non-profit organization, is dedicated to providing affordable housing solutions for individuals with disabilities. In line with its mission, the corporation operates two residences known as Springhill Housing I, situated in the Metro Detroit area. These residences adhere to Section 811 of the National Housing Act, offering housing opportunities for individuals who live with developmental disabilities. By offering suitable living spaces, Perry Lake Nonprofit Housing Corporation contributes to the overall well-being and independence of individuals with disabilities, enabling them to lead fulfilling lives.
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Impact
August, 2024
Perry Lake Nonprofit Housing Corporation, based in Troy, Michigan, is dedicated to providing low-income housing to individuals with disabilities through its operation of two residences known as Springhill Housing I in the Metro Detroit area. By offering housing for persons with developmental disabilities in accordance with Section 811 of the National Housing Act, this organization directly impacts the lives of individuals who may struggle to find suitable housing options elsewhere. Through its mission and operations, Perry Lake Nonprofit Housing Corporation plays a vital role in promoting inclusivity and support for a vulnerable population, ensuring that individuals with disabilities have access to safe and affordable housing options.
This information is meant to be a general summary of Perry Lake Nonprofit 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 2022.
- Investment Income: $33
- Program Service Revenue: $20,249
- Gross Receipts: $71,601
Assets and Liabilities:
- Total Assets: $460,810
- Total Liabilities: $607,681
- Net Assets: -$146,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$20,249
Organization Details
Founding Year
2000
Phone
(248) 928-0111Principal Officer
Kevin Wiedelman
Main Address
5505 CORPORATE DRIVE 300, TROY, MI, 48098
Website
www.noneNTEE Category
Code: L21 - Housing
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