Overview
What is Palmer Senior Housing Inc?
Palmer Senior Housing Inc, also known as Palmer Manor, is a nonprofit organization situated in Portland, Oregon, specifically at 1625 SE Lafayette Street. Their primary mission is to provide affordable housing solutions for the elderly and other low-income individuals and families, benefitting around 4 residents. This essential service aims to alleviate housing-related challenges for these groups, thereby contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Palmer Senior Housing Inc has received a two-star rating based on its accountability and finance metrics, indicating that while the organization showcases some strengths, it may have notable areas for improvement. The overall score highlights a perfect accountability score, particularly in governance aspects such as having a majority of independent board members and maintaining robust conflict of interest policies.
However, the organization faces a significant challenge with its liabilities to assets ratio, which stands at 169.23%, reflecting potential financial instability. This ratio points to a concerning level of debt relative to the organization's assets, which could affect its long-term sustainability. While the charity excels in program expense ratio, ensuring that funds are directed towards its mission, the financial health indicated by the liabilities raises questions for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Palmer Senior Housing Inc legitimate?
Palmer Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmer Senior Housing 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: $240
For more financial information, click here
What is the mission statement of Palmer Senior Housing Inc?
Palmer Senior Housing Inc is committed to providing affordable housing for elderly individuals and other low-income families. Their mission is centered around ensuring that these groups have access to suitable living arrangements, benefiting around 4 individuals and families. By offering affordable housing, they aim to contribute to the well-being and stability of these vulnerable populations. The organization's activities primarily focus on this primary goal.
Who is the CEO of Palmer Senior Housing Inc?
Richard Henningsen is the President of Palmer Senior Housing Inc.
What is the revenue of Palmer Senior Housing Inc?
Palmer Senior Housing Inc's revenue in 2023 was $50,178.
Who are the executives of Palmer Senior Housing Inc and what are their salaries?
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 Palmer Senior Housing Inc?
Palmer Senior Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Palmer Senior Housing Inc
Palmer Senior Housing Inc, as a nonprofit organization, is dedicated to providing affordable housing for elderly individuals and other low-income residents. Their mission is centered around creating a living space that is within reach for those who may struggle financially. By offering affordable housing, this organization has positively impacted the lives of approximately 4 individuals and families, providing them with a secure and comfortable place to call home. This mission aligns with the organization's name, Palmer Senior Housing Inc, which signifies their commitment to the elderly population and those who require financial assistance. The organization's efforts in this regard contribute significantly to ensuring that these vulnerable groups have access to decent living conditions, thus enriching their quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Palmer Senior Housing Inc provides crucial affordable housing for elderly and low-income residents in Portland, Oregon. By offering affordable housing options, Palmer Senior Housing Inc directly benefits approximately 4 individuals and families, ensuring they have a safe and stable place to call home. Their mission to provide affordable housing is a vital contribution to addressing the housing needs of vulnerable populations in the community.
This information is meant to be a general summary of Palmer Senior Housing 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 2023.
- Investment Income: $59
- Program Service Revenue: $50,119
- Gross Receipts: $50,178
Assets and Liabilities:
- Total Assets: $528,601
- Total Liabilities: $894,570
- Net Assets: -$365,969
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS FOR LOW INCOME HOUSINGS
Revenue
$50,000
LAUNDRY AND VENDING
Revenue
$119
Organization Details
Founding Year
2004
Phone
(503) 231-4922Principal Officer
Richard Henningsen
Main Address
1625 SE LAFAYETTE ST, PORTLAND, OR, 97202
NTEE Category
Code: L22 - Housing
If you are a representative of Palmer Senior Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.