Overview
What is Presidential Place Inc C/O Hands?
Presidential Place Inc, in association with Hands, is a nonprofit organization situated in Erie, Pennsylvania. Their primary mission is to offer affordable housing options for individuals struggling with chronic mental illness or developmental disabilities. Specifically, they manage and maintain eight homes in a group setting, providing a supportive and comfortable living environment for these adults. The organization's work is dedicated to improving the quality of life for these individuals, ensuring they have access to safe and affordable housing.
Official website here: www.hands-erie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
Presidential Place Inc C/O Hands has received a Two-Star rating from Charity Navigator, which indicates a moderate level of accountability and finance performance. The overall score is based entirely on the Accountability & Finance beacon, reflecting a focus on these metrics for this fiscal year, FY2023.
The organization excels in several key areas, including having a fully independent board, with all 14 members meeting this requirement. Additionally, it maintains strong practices regarding material diversion of assets and has publicly listed its conflict of interest policy. However, the charity has room for improvement, particularly with a notable lack of a whistleblower policy and issues with its liabilities to assets ratio, which may raise concerns about its financial health.
While Presidential Place Inc demonstrates a commendable commitment to transparency in certain aspects, the lack of certain policies and the high liabilities to assets ratio may limit its overall effectiveness and trustworthiness in the eyes of potential donors. It's important for potential supporters to consider these factors in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Presidential Place Inc C/O Hands legitimate?
Presidential Place Inc C/O Hands is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presidential Place Inc C/O Hands 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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Official website here: www.hands-erie.org
What is the mission statement of Presidential Place Inc C/O Hands?
Presidential Place Inc, in collaboration with its management agency Hands, is dedicated to providing and maintaining a group of eight affordable homes for adults struggling with chronic mental illness. Their mission is to create a supportive living environment, ensuring these individuals have access to affordable housing, thus enhancing their quality of life. The organization aims to offer a safe and attractive living space, promoting independence and well-being for individuals experiencing chronic mental illness or developmental disabilities.
Official website here: www.hands-erie.org
Who is the CEO of Presidential Place Inc C/O Hands?
Sharon Richardson is the Chairman of Presidential Place Inc C/O Hands.
Official website here: www.hands-erie.org
What is the revenue of Presidential Place Inc C/O Hands?
Presidential Place Inc C/O Hands's revenue in 2023 was $71,183.
Official website here: www.hands-erie.org
Who are the executives of Presidential Place Inc C/O Hands and what are their salaries?
There 14 volunteers at Presidential Place Inc C/O Hands.
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Official website here: www.hands-erie.org
Where can I find the form 990 for Presidential Place Inc C/O Hands?
Presidential Place Inc C/O Hands's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hands-erie.org
Learn more at the official website: www.hands-erie.org
Mission Statement of Presidential Place Inc C/O Hands
Presidential Place Inc, under the management of Housing and Neighborhood Development Service (HANDS), is committed to providing and maintaining eight affordable homes, specifically in a group setting, for adults dealing with chronic mental illness. The organization's mission is to offer an attractive and affordable living space for individuals who are either suffering from chronic mental illness or have developmental disabilities. By providing these homes, Presidential Place Inc aims to contribute positively to the lives of these individuals, offering them a safe and supportive environment to reside in.
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Impact
August, 2024
Presidential Place Inc C/O Hands' impact can be seen in its provision and maintenance of 8 affordable homes in a group home setting for adults experiencing chronic mental illness. Through its management agent Housing and Neighborhood Development Service (HANDS), the organization offers attractive and affordable rental housing to individuals facing chronic mental illness or developmental disabilities in Erie, Pennsylvania. This initiative directly addresses the pressing need for suitable housing options for vulnerable populations, enhancing their quality of life and providing necessary support for those in need.
This information is meant to be a general summary of Presidential Place Inc C/O Hands. 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: $634
- Program Service Revenue: $25,821
- Gross Receipts: $71,183
Assets and Liabilities:
- Total Assets: $550,265
- Total Liabilities: $637,572
- Net Assets: -$87,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$25,821
Organization Details
Founding Year
2005
Phone
(814) 453-3333Principal Officer
Sharon Richardson
Main Address
7 EAST 7TH STREET, ERIE, PA, 16501
Website
www.hands-erie.orgNTEE Category
Code: L20 - Housing
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