Overview
What is Peter And Paul Housing Corporation?
Peter And Paul Housing Corporation is a nonprofit organization based in St. Louis, Missouri, specifically in the Soulard Historic District. Their mission involves purchasing, redeveloping, and managing historic properties to enhance city livability, encourage growth, and preserve architecturally significant buildings. They collaborate with community organizations, government officials, private developers, and business leaders to redevelop vacant properties that are hindered by physical or financial complications. The organization also aims to raise awareness of its goals within the community and City of St. Louis, and manage properties in a manner that benefits the community. Their ultimate goal is to provide affordable housing to the general public within the Soulard Historic District.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Peter And Paul Housing Corporation has received a one-star rating from Charity Navigator, reflecting a score of 58%. This rating indicates significant concerns regarding the organization's accountability and financial practices. While the organization excels in maintaining an independent board and demonstrating a high program expense ratio of 93.56%, suggesting that most of its resources are directed towards its charitable programs, there are serious deficiencies in other areas of governance.
The organization has not established essential policies such as conflict of interest, whistleblower, and document retention policies, all of which are crucial for transparency and accountability. Additionally, the nonprofit has failed to post its tax forms on its website, which is a requirement that can affect public trust. The liabilities to assets ratio is also concerning, at 122.64%, indicating potential financial instability.
Overall, while Peter And Paul Housing Corporation shows strong commitment to its programs, the lack of foundational governance policies and high liabilities poses a risk to its operational integrity and sustainability. Stakeholders and potential donors may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Peter And Paul Housing Corporation legitimate?
Peter And Paul Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peter And Paul Housing 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.
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What is the mission statement of Peter And Paul Housing Corporation?
Peter And Paul Housing Corporation is a non-profit organization committed to enhancing city livability and encouraging city growth. They achieve this by purchasing, redeveloping, and managing historic properties. Their primary goal is to preserve architecturally significant buildings and promote stable neighborhoods. The corporation also focuses on making affordable housing available to the general public, with a particular focus on the Soulard Historic District. By doing so, they work towards the betterment of the district, restoring and preserving its historic character.
Who is the CEO of Peter And Paul Housing Corporation?
Terry Hoffman is the President of Peter And Paul Housing Corporation.
What is the revenue of Peter And Paul Housing Corporation?
Peter And Paul Housing Corporation's revenue in 2022 was $196,717.
Who are the executives of Peter And Paul Housing Corporation and what are their salaries?
There 7 volunteers at Peter And Paul Housing Corporation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Peter And Paul Housing Corporation?
Peter And Paul Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peter And Paul Housing Corporation
Peter And Paul Housing Corporation is a not-for-profit organization with a mission to enhance city livability and encourage city growth. They achieve this by purchasing, redeveloping, and managing historic properties. The goal is to preserve architecturally significant buildings and promote stable neighborhoods within the city. The corporation is dedicated to contracting for, acquiring, holding, owning, using, improving, renovating, renting, managing, conveying, assigning, selling, exchanging, transferring, mortgaging, pledging, or otherwise dealing in real estate, all with the purpose of preserving, restoring, and generally bettering a specific historic district. Furthermore, Peter And Paul Housing Corporation makes affordable housing available to the general public within this district. Their work is instrumental in preserving historical landmarks and providing affordable housing to the community.
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Impact
October, 2024
Peter And Paul Housing Corporation has a significant impact on the city of St. Louis through its commitment to the revitalization and management of historic properties. By focusing on the purchase and redevelopment of these architectural assets, the organization plays a vital role in enhancing city livability and promoting growth in neighborhoods such as Soulard, LaSalle Park, McKinley Heights, Benton Park, Lafayette Square, and Koskiosko.
The corporation works collaboratively with community organizations, government officials, private developers, and business leaders to address the challenges posed by vacant buildings, whether those challenges are financial or related to physical conditions that hinder redevelopment efforts. This collaborative approach not only preserves the historical integrity of the area but also cultivates stable neighborhoods by transforming underutilized spaces into vibrant residential and commercial properties.
Furthermore, Peter And Paul Housing Corporation actively raises awareness about its mission and goals within the community, ensuring that local residents understand and can engage with the efforts to revitalize their neighborhoods. By managing these properties effectively, the organization contributes to the general betterment of the Soulard Historic District, making affordable housing more accessible and enriching the overall quality of life for residents.
This information is meant to be a general summary of Peter And Paul Housing 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 2022.
- Program Service Revenue: $196,717
- Gross Receipts: $196,717
Assets and Liabilities:
- Total Assets: $783,026
- Total Liabilities: $960,380
- Net Assets: -$177,354
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$196,717
Organization Details
Founding Year
1996
Phone
(314) 315-3443Principal Officer
Terry Hoffman
Main Address
2339 S 12TH ST, ST LOUIS, MO, 631044243
NTEE Category
Code: L21 - Housing
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