Overview
What is Pinnacle Residential Inc?
Pinnacle Residential Inc, located at 309 Hazel Street, Centre, Alabama 35960, is a dedicated nonprofit organization. Their primary mission is to offer residential homes and services to mentally handicapped individuals residing in northeast Alabama. The organization's activities and mission revolve around providing residential habilitation services to disabled citizens in the region. With a workforce of 46 employees, Pinnacle Residential Inc plays a significant role in fostering a supportive living environment for those in need, contributing to their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Pinnacle Residential Inc has received a three-star rating from Charity Navigator, reflecting a solid score of 75%. This rating is based solely on the organization's Accountability & Finance performance. The high score indicates that Pinnacle maintains strong financial practices and is accountable in its operations, which is crucial for donor trust and effective service delivery.
One of the standout features of Pinnacle Residential Inc is its governance structure, with 100% of its board members being independent. This is a positive indicator of the organization's commitment to transparency and the absence of conflicts of interest. Additionally, the charity exhibits excellent financial health, demonstrated by a low liabilities-to-assets ratio and an impressive program expense ratio of 99.26%, suggesting that the vast majority of its funds are directed toward its mission-related activities.
While the overall performance is commendable, there is limited information regarding other operational aspects that might influence a comprehensive understanding of the organization's impact. Nonetheless, the accountability and financial management practices highlight its dedication to maintaining standards that benefit stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Pinnacle Residential Inc legitimate?
Pinnacle Residential Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pinnacle Residential 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: $542,566
For more financial information, click here
What is the mission statement of Pinnacle Residential Inc?
Pinnacle Residential Inc's mission revolves around offering residential habilitation services for individuals with disabilities. The organization's primary goal is to provide a supportive living environment in Northeast Alabama. By offering residential homes, the organization aims to cater to the needs of mentally handicapped citizens in the region, thereby enhancing their quality of life. The mission of Pinnacle Residential Inc is centered around empowering and supporting disabled citizens, enabling them to live as independently as possible.
Who is the CEO of Pinnacle Residential Inc?
Kathy West is the Director of Pinnacle Residential Inc.
What is the revenue of Pinnacle Residential Inc?
Pinnacle Residential Inc's revenue in 2023 was $1,110,065.
Who are the executives of Pinnacle Residential Inc and what are their salaries?
The average compensation at Pinnacle Residential Inc during 2023 was $11,795. There are 46 employees at Pinnacle Residential Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Pinnacle Residential Inc?
Pinnacle Residential Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pinnacle Residential Inc
Pinnacle Residential Inc, a nonprofit organization, is dedicated to providing residential habilitation services to individuals with disabilities residing in Northeast Alabama. Their primary mission is to create an environment that caters to the unique needs of these individuals, aiming to enhance their quality of life. The organization accomplishes this by offering residential homes where mentally handicapped citizens can reside and receive support. By doing so, Pinnacle Residential Inc plays a crucial role in promoting independence and improving the overall well-being of its residents, thereby contributing positively to their community.
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Impact
July, 2024
Pinnacle Residential Inc's impact is significant in providing residential habilitation services to disabled citizens in Northeast Alabama. By offering residential homes specifically tailored for mentally handicapped individuals, the organization plays a crucial role in enhancing the quality of life and independence of this vulnerable population. Through its mission to support and empower disabled citizens, Pinnacle Residential Inc contributes to creating a more inclusive and supportive community in Northeast Alabama.
This information is meant to be a general summary of Pinnacle Residential 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: $2,618
- Program Service Revenue: $1,106,869
- Gross Receipts: $1,110,065
Assets and Liabilities:
- Total Assets: $608,583
- Total Liabilities: $26,083
- Net Assets: $582,500
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BILLING INCOME
Revenue
$920,040
ROOM AND BOARD
Revenue
$146,970
ADMINISTRATIVE INCOME
Revenue
$39,859
Organization Details
Founding Year
2013
Phone
(256) 439-1975Principal Officer
Kathy West
Main Address
309 HAZEL STREET, CENTRE, AL, 35960
NTEE Category
Code: L40 - Housing
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