Overview
What is Packer Apartments Corporation?
Packer Apartments Corporation is a nonprofit organization situated in Milwaukee, Wisconsin. With a focus on serving lower-income families and individuals, they provide 140 rental units. Their mission extends beyond housing, offering social services and training programs aimed at uplifting the living standards of these families. The organization's workforce consists of 22 dedicated individuals, demonstrating their commitment to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
Packer Apartments Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's overall score is solely derived from its high accountability and finance metrics, demonstrating a commitment to transparency and effective management of resources.
The nonprofit boasts a fully independent board with all members adhering to governance best practices, which contributes to its strong oversight capabilities. Additionally, Packer Apartments Corporation has implemented robust policies including conflict of interest and whistleblower policies, ensuring ethical conduct and accountability in its operations.
With a program expense ratio of 88.23%, the organization allocates a significant portion of its funds directly to its programs, indicating a focus on mission-driven activities. The low liabilities to assets ratio of 2.00% further emphasizes the organization's financial stability, although no major limitations were noted in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Packer Apartments Corporation legitimate?
Packer Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Packer Apartments 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: $443,291
For more financial information, click here
What is the mission statement of Packer Apartments Corporation?
Packer Apartments Corporation is committed to serving low-income families by providing them with housing, social services, and training programs. This mission is aimed at enhancing the living conditions and fostering the personal development of individuals who fall under this income bracket. The organization offers 140 rental units as part of its housing provision, demonstrating its dedication to providing a roof over the heads of those in need. Through its social services and training programs, Packer Apartments Corporation aims to empower these families, helping them navigate various challenges and improve their overall quality of life.
Who is the CEO of Packer Apartments Corporation?
Carmen Porco is the Vice President of Packer Apartments Corporation.
What is the revenue of Packer Apartments Corporation?
Packer Apartments Corporation's revenue in 2023 was $1,932,564.
Who are the executives of Packer Apartments Corporation and what are their salaries?
The average compensation at Packer Apartments Corporation during 2023 was $20,150. There are 22 employees and 11 volunteers at Packer Apartments Corporation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Packer Apartments Corporation?
Packer Apartments Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Packer Apartments Corporation
Packer Apartments Corporation is committed to providing low-income families with essential resources. Their mission encompasses the provision of affordable housing, social services, and training programs. This nonprofit organization aims to assist families who fall below a certain income bracket, offering them a total of 140 rental units as housing solutions. Beyond just providing a place to live, Packer Apartments Corporation extends its support by offering social services and training programs. This holistic approach enables these families to not only sustain their living situations but also improve their overall well-being.
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Impact
July, 2024
Packer Apartments Corporation plays a crucial role in offering low-income housing, social services, and training programs to low-income families in Milwaukee, Wisconsin. The organization provides 140 rental units to lower-income individuals and families, contributing significantly to addressing the housing needs of this underserved population. Beyond just providing housing, Packer Apartments Corporation also offers vital social services and training programs that aim to uplift and support these families in achieving stability and self-sufficiency. Through its dedicated efforts, Packer Apartments Corporation has a direct and tangible impact on the lives of those in need within the community, ultimately working towards creating a more equitable and supportive environment for all.
This information is meant to be a general summary of Packer Apartments 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: $244
- Program Service Revenue: $1,923,769
- Gross Receipts: $1,932,564
Assets and Liabilities:
- Total Assets: $4,949,050
- Total Liabilities: $99,058
- Net Assets: $4,849,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTS
Revenue
$1,923,769
Organization Details
Founding Year
1966
Phone
(414) 352-7120Principal Officer
Carmen Porco
Main Address
3744 WEST GREENTREE ROAD, MILWAUKEE, WI, 53209
NTEE Category
Code: L200 - Housing
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