Overview
What is Posada Del Sol Inc?
Posada Del Sol Inc, situated in Kansas City, MO, is a dedicated nonprofit organization that focuses on providing affordable housing solutions for the elderly. Operating under Section 202 of the National Housing Act, this entity receives subsidies from HUD to support its mission. By offering low-income housing, Posada Del Sol Inc aims to cater to the needs of elderly individuals who may be financially challenged. The organization's primary objective is to ensure that the elderly have access to safe, secure, and comfortable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars
Posada Del Sol Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. With an overall score of 68%, the organization demonstrates strong accountability, particularly with 100% independent board members and a solid audit process, scoring full points in both these areas. Additionally, they have a reasonable program expense ratio of 67.73%, suggesting that a significant portion of their resources is directed towards programs.
However, the charity faces challenges reflected in its liabilities to assets ratio, which stands at 176.28%, indicating potential financial instability. This high ratio raises concerns about the organization’s ability to manage its debts effectively. While their governance practices are commendable, the financial health aspect highlighted by this metric may warrant closer scrutiny by potential donors.
Overall, while Posada Del Sol Inc shows strengths in governance and program expenditure, the financial metrics suggest that stakeholders should be cautious and consider these limitations when evaluating the charity’s effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Posada Del Sol Inc legitimate?
Posada Del Sol Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Posada Del Sol 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: $83,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Posada Del Sol Inc?
Posada Del Sol Inc is committed to providing low-income housing for the elderly, in line with Section 202 of the National Housing Act. The organization's mission is centered around offering subsidized housing, facilitated by the HUD, for individuals with limited financial resources. While the specific location of these housing facilities is not mentioned, it is clear that Posada Del Sol Inc focuses on catering to the elderly population with low income.
Who is the CEO of Posada Del Sol Inc?
Gloria Ortiz-Fisher is the President of Posada Del Sol Inc.
What is the revenue of Posada Del Sol Inc?
Posada Del Sol Inc's revenue in 2022 was $880,273.
Who are the executives of Posada Del Sol Inc and what are their salaries?
There 100 volunteers at Posada Del Sol Inc.
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 Posada Del Sol Inc?
Posada Del Sol Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Posada Del Sol Inc
Posada Del Sol Inc, a nonprofit organization, is committed to providing low-income housing for the elderly. Operating under Section 202 of the National Housing Act, this mission is backed by subsidies from the HUD. The organization's primary focus is on catering to low-income individuals, ensuring they have a suitable living space. Although the specific location of Posada Del Sol's housing facilities is not provided in the information, it is evident that their mission is to provide a home for the elderly who may be financially disadvantaged. By providing this essential service, Posada Del Sol Inc plays a significant role in improving the living conditions and overall well-being of the elderly population.
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Impact
July, 2024
Posada Del Sol Inc's impact lies in providing essential low-income housing options to elderly individuals in need. Through its subsidized housing program under Section 202 of the National Housing Act, Posada Del Sol offers a safe and secure living environment for low-income elderly residents in Kansas City, MO. By catering specifically to this demographic, Posada Del Sol plays a crucial role in addressing the housing needs of a vulnerable population, ensuring they have access to affordable and supportive housing options.
This information is meant to be a general summary of Posada Del Sol 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: $14
- Program Service Revenue: $510,935
- Gross Receipts: $880,273
Assets and Liabilities:
- Total Assets: $1,021,886
- Total Liabilities: $2,022,969
- Net Assets: -$1,001,083
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$510,935
Organization Details
Founding Year
1979
Phone
(816) 421-8048Principal Officer
Gloria Ortiz-Fisher
Main Address
919 W 24TH ST, KANSAS CITY, MO, 64108
NTEE Category
Code: L22Z - Housing
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