Overview
What is Pennreach?
Pennreach is a nonprofit organization based in Allentown, New Jersey, with the address 18 South Main Street, 08501. Their mission is to provide affordable housing and essential support services to low-income individuals, senior citizens, and people with special needs. Pennreach goes beyond just building quality, affordable housing for these communities; they also offer employment opportunities, education, and training programs. These resources and supports help individuals maintain their housing and lead valued lives. The organization employs a workforce of 348 individuals dedicated to addressing the holistic needs of the community.
Official website here: www.pennreach.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Pennreach has received high praise for its strong accountability and financial practices, earning a remarkable Four-Star rating from Charity Navigator. This rating indicates that Pennreach effectively manages its resources and maintains transparency, with a perfect score in several key areas, including board independence and financial oversight.
The organization boasts a fully independent board, demonstrating robust governance practices. Furthermore, their financial management is impressive, with a high program expense ratio of 92.87%, suggesting that a significant portion of their funds directly supports their mission-related activities. Additional policies regarding conflict of interest, whistleblowing, and document retention further enhance their credibility.
While the data reflects positively on Pennreach's operational integrity, it does not provide insights into the specific programs or initiatives they undertake or their overall impact in the community. Despite this limitation, the organization's strong financial health and governance structures are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Pennreach legitimate?
Pennreach is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennreach 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: $136,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,043,157
For more financial information, click here
Official website here: www.pennreach.org
What is the mission statement of Pennreach?
Pennreach is an organization dedicated to building neighborhoods by addressing the holistic needs of individuals. They provide good quality, affordable housing as a foundation for a valued life. Beyond housing, Pennreach offers employment opportunities, education, and training for people in need, including seniors, families facing low income and related challenges, and those with special needs. The organization goes beyond just constructing housing; it aims to supply the necessary resources and support to help individuals maintain their housing.
Official website here: www.pennreach.org
Who is the CEO of Pennreach?
Krystal Odell is the Ceo of Pennreach. The CEO's salary of Pennreach is $136,527 and their total compensation is $136,527.
Official website here: www.pennreach.org
What is the revenue of Pennreach?
Pennreach's revenue in 2023 was $16,540,528.
Official website here: www.pennreach.org
Who are the executives of Pennreach and what are their salaries?
The average compensation at Pennreach during 2023 was $32,126. There are 348 employees at Pennreach.
Here are 5 key members and their salaries (Pennreach's CEO's salary is $136,527 and their total compensation is $136,527):
- Compensation: $136,527
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pennreach.org
Where can I find the form 990 for Pennreach?
Pennreach's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pennreach.org
Learn more at the official website: www.pennreach.org
Mission Statement of Pennreach
Pennreach is a dedicated organization that strives to construct thriving communities by addressing the comprehensive needs of individuals. By providing not just good quality, affordable housing but also employment opportunities, education, and training, Pennreach caters to a wide range of people, including seniors, families facing challenges of low income, and those with special needs. In essence, Pennreach endeavors to build more than just affordable housing; it aims to create a solid foundation for valued lives by offering essential resources and supports that enable people to maintain their housing.
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Impact
October, 2024
Pennreach is making a significant impact by addressing the holistic needs of individuals in the community. By providing high-quality, affordable housing, the organization creates a foundation for a stable and valued life. This effort extends beyond mere shelter, emphasizing the importance of comprehensive resources and support systems that help residents maintain their housing and improve their overall quality of life.
In addition to housing, Pennreach focuses on creating employment opportunities and facilitating education and training programs. This multifaceted approach targets vulnerable populations, including seniors, low-income families facing various challenges, and individuals with special needs, ensuring that these groups receive the assistance they require to thrive.
Through its initiatives, Pennreach plays a crucial role in building neighborhoods that foster community improvement and empower individuals, ultimately contributing to a stronger, more resilient society.
This information is meant to be a general summary of Pennreach. 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: $23,105
- Program Service Revenue: $12,109,221
- Gross Receipts: $16,540,528
Assets and Liabilities:
- Total Assets: $5,374,959
- Total Liabilities: $1,430,840
- Net Assets: $3,944,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$11,401,412
CONTRIBUTION TO CARE
Revenue
$387,440
RENTAL INCOME
Revenue
$240,883
SUPPORTIVE SERVICES CONTRACT
Revenue
$78,131
MISCELLANEOUS INCOME
Revenue
$1,355
Organization Details
Founding Year
2011
Phone
(732) 963-0357Principal Officer
Krystal Odell
Main Address
18 SOUTH MAIN STREET, ALLENTOWN, NJ, 08501
Website
www.pennreach.orgNTEE Category
Code: S20 - Community improvement
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