Overview
What is Rivertown Neighborhood Senior Non Profit Housing?
Rivertown Neighborhood Senior Non Profit Housing is a compassionate organization situated in Southfield, Michigan, specifically at 26200 Lahser Rd APT Suite 300. Their primary mission is to offer housing and essential services to senior adults facing financial hardships. With a dedicated workforce of just two individuals, they strive to enhance the living conditions and well-being of their beneficiaries, providing them with the necessary support they require. The organization's activities are centered around offering housing and related services, catering specifically to the needs of low-income senior adults.
Official website here: www.pvm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 61%)
Rivertown Neighborhood Senior Non Profit Housing has received a Two-Star rating from Charity Navigator, indicating that it is performing below expectations in certain areas. While the organization excels in accountability and finance, scoring a perfect 100%, it has significant room for improvement in governance policies and financial health. The perfect scores for independent board members and the absence of asset diversion reflect strong governance practices, but the overall rating suggests potential concerns that need addressing.
The organization demonstrates a commendable commitment to its program expenses, with an impressive program expense ratio of 82.84%. This indicates that a substantial portion of its funds is directed towards its mission-related activities, which is a positive aspect for supporters and beneficiaries. However, the financial health raises a red flag, as evidenced by a liabilities to assets ratio of 126.96%, indicating that its liabilities exceed its assets.
Key governance policies are notably absent, including a conflict of interest policy, a whistleblower policy, and a document retention policy, leading to 0 out of 7 points in these categories. Additionally, the tax form is not posted on the organization’s website, contributing to the overall perception of transparency. Addressing these limitations could enhance the organization's rating and strengthen its operational effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Rivertown Neighborhood Senior Non Profit Housing legitimate?
Rivertown Neighborhood Senior Non Profit Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rivertown Neighborhood Senior Non Profit Housing 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: $55,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,965
For more financial information, click here
Official website here: www.pvm.org
What is the mission statement of Rivertown Neighborhood Senior Non Profit Housing?
Rivertown Neighborhood Senior Non Profit Housing is dedicated to offering housing and relevant services to senior adults who fall under the low-income bracket. Their primary objective is to ensure these individuals have access to suitable living accommodations and necessary assistance. By providing these services, the organization aims to enhance the quality of life for these senior adults, enabling them to live with dignity and independence. Their mission is rooted in the belief that every senior adult deserves a secure and comfortable living environment, regardless of their financial situation.
Official website here: www.pvm.org
Who is the CEO of Rivertown Neighborhood Senior Non Profit Housing?
Gloria Robinson is the Administrator of Rivertown Neighborhood Senior Non Profit Housing.
Official website here: www.pvm.org
What is the revenue of Rivertown Neighborhood Senior Non Profit Housing?
Rivertown Neighborhood Senior Non Profit Housing's revenue in 2022 was $458,007.
Official website here: www.pvm.org
Who are the executives of Rivertown Neighborhood Senior Non Profit Housing and what are their salaries?
The average compensation at Rivertown Neighborhood Senior Non Profit Housing during 2022 was $49,216. There are 2 employees and 9 volunteers at Rivertown Neighborhood Senior Non Profit Housing.
Here are 8 key members and their salaries:
- Compensation: $49,014
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pvm.org
Where can I find the form 990 for Rivertown Neighborhood Senior Non Profit Housing?
Rivertown Neighborhood Senior Non Profit Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvm.org
Learn more at the official website: www.pvm.org
Mission Statement of Rivertown Neighborhood Senior Non Profit Housing
Rivertown Neighborhood Senior Non Profit Housing is dedicated to serving the needs of low-income senior adults. Their mission lies in providing housing and related services, aimed at enhancing the quality of life for this demographic. By offering housing, they create a secure and comfortable environment for these individuals, allowing them to focus on other aspects of their lives. Additionally, the organization extends its services beyond mere housing, ensuring that the seniors have access to necessary resources and support. This holistic approach to senior care underscores Rivertown Neighborhood Senior Non Profit Housing's commitment to improving the well-being of its residents.
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Impact
July, 2024
Rivertown Neighborhood Senior Non Profit Housing provides essential housing and related services to low-income senior adults in Southfield, Michigan. Their impact can be seen in the improved quality of life, stability, and security they offer to this vulnerable population. By providing safe and affordable housing options, as well as support services, they contribute to the well-being and dignity of senior adults in their community. Overall, their presence serves to address a critical need and make a positive difference in the lives of those they serve.
This information is meant to be a general summary of Rivertown Neighborhood Senior Non Profit Housing. 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: $17
- Program Service Revenue: $456,644
- Gross Receipts: $458,007
Assets and Liabilities:
- Total Assets: $5,812,464
- Total Liabilities: $7,092,606
- Net Assets: -$1,280,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
apartment rental
Revenue
$456,644
Organization Details
Founding Year
2012
Phone
(248) 281-2030Principal Officer
Gloria Robinson
Main Address
26200 Lahser Rd APT Suite 300, Southfield, MI, 48033
Website
www.pvm.orgNTEE Category
Code: L22 - Housing
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