Overview
What is Pioneer Housing Development Inc?
Pioneer Housing Development Inc, located in Cold Spring, Minnesota, is a nonprofit organization primarily known for operating John Paul Apartments, a 61-unit housing complex catering to elderly individuals. This complex falls under Section 207 of the National Housing Act, and its operations and rent charges are regulated by the U.S. Department of Housing and Urban Development (HUD). The apartment complex does not feature any non-income producing units and is subject to Section 8 Housing Assistance Payments agreements with HUD, which provide financial aid for the leasing of eligible, low-income elderly tenant units. The organization's mission extends beyond housing, striving to offer a continuum of quality care in a Christian manner, respecting the dignity of its local community members.
Official website here: www.assumptioncommunity.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Pioneer Housing Development Inc has achieved an 81% rating, reflecting a solid commitment to accountability and financial management. The score is derived entirely from their performance in the Accountability & Finance beacon, indicating strong adherence to financial best practices. Notably, the organization boasts 100% independent board members and has a robust auditing committee in place, which reinforces its governance structure.
The financial efficiency of Pioneer Housing Development is commendable, with a program expense ratio of 87.54%, demonstrating that a significant portion of their expenses directly supports their programs. The organization also maintains transparency through listed conflict of interest, whistleblower, and document retention policies, contributing to a trustworthy operational framework.
While the organization excels in various accountability measures, the rating does not cover other potential aspects such as program effectiveness or community impact, which are important for a comprehensive evaluation of a nonprofit's performance. However, the strong foundation in financial management suggests a reliable organization for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Pioneer Housing Development Inc legitimate?
Pioneer Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pioneer Housing Development Inc 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: $0
For more financial information, click here
Official website here: www.assumptioncommunity.com
What is the mission statement of Pioneer Housing Development Inc?
Pioneer Housing Development Inc's mission is centered around providing a continuum of quality care, doing so in a manner that respects the dignity of its local community. This organization is committed to serving its community, striving to uphold Christian values throughout its operations. Specifically, Pioneer Housing Development Inc focuses on providing affordable housing, targeting elderly individuals as its primary demographic. The organization operates a 61-unit apartment complex, regulated by the U.S. Department of Housing and Urban Development (HUD), which offers housing assistance payments to eligible, low-income elderly tenants.
Official website here: www.assumptioncommunity.com
Who is the CEO of Pioneer Housing Development Inc?
Mary Boyde is the Second Vp/Ceo of Pioneer Housing Development Inc. The CEO's salary of Pioneer Housing Development Inc is $0 and their total compensation is $0.
Official website here: www.assumptioncommunity.com
What is the revenue of Pioneer Housing Development Inc?
Pioneer Housing Development Inc's revenue in 2022 was $580,748.
Official website here: www.assumptioncommunity.com
Who are the executives of Pioneer Housing Development Inc and what are their salaries?
There 15 volunteers at Pioneer Housing Development Inc.
Here are 19 key members and their salaries (Pioneer Housing Development Inc's CEO's salary is $0 and their total compensation is $0):
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- Related: $84,901
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- Other: $673
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- Related: $31,886
- Other: $236
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- Related: $38,077
- Other: $0
Official website here: www.assumptioncommunity.com
Where can I find the form 990 for Pioneer Housing Development Inc?
Pioneer Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.assumptioncommunity.com
Learn more at the official website: www.assumptioncommunity.com
Mission Statement of Pioneer Housing Development Inc
Pioneer Housing Development Inc, a nonprofit organization, is committed to providing a continuum of quality care in a respectful manner that upholds the dignity of the members of its local community. This mission is particularly reflected in its primary activity, which is to offer affordable housing for elderly individuals. Specifically, the organization operates John Paul Apartments, a 61-unit complex in Cold Spring, Minnesota, catering to elderly individuals under specific government regulations. This housing is funded through Section 207 and Section 223(f) of the National Housing Act, and the rent charges and operating methods are overseen by the U.S. Department of Housing and Urban Development (HUD). Furthermore, the apartment complex is subject to Section 8 Housing Assistance Payments agreements with HUD, providing financial assistance for eligible low-income, elderly tenants as stipulated by Section 8 of the U.S. Housing Act of 1937. In summary, Pioneer Housing Development Inc's mission is to provide affordable housing while maintaining dignity and quality of care for elderly individuals in the community.
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Impact
July, 2024
Pioneer Housing Development Inc, through its operations of John Paul Apartments in Cold Spring, MN, is making a significant impact by providing affordable housing for elderly individuals. By offering a safe, affordable, and regulated living environment, the organization is ensuring that elderly residents have access to quality care in a Christian manner that honors their dignity. This support helps create a sense of community and security for those in need of housing assistance, ultimately improving their overall quality of life.
This information is meant to be a general summary of Pioneer Housing Development Inc. 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: $160
- Program Service Revenue: $580,588
- Gross Receipts: $580,748
Assets and Liabilities:
- Total Assets: $841,000
- Total Liabilities: $1,510,668
- Net Assets: -$669,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment Revenue
Revenue
$528,061
Other Service Income
Revenue
$52,527
Organization Details
Founding Year
1980
Phone
(320) 685-3693Principal Officer
Mary Boyde
Main Address
200 8th Avenue North, Cold Spring, MN, 56320
Website
www.assumptioncommunity.comNTEE Category
Code: L22 - Housing
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