Overview
What is Pearson Charitable Corporation?
Pearson Charitable Corporation is a nonprofit organization situated in York, Nebraska, with an address at 529 Lincoln Avenue. Their primary mission is to offer affordable housing options for senior citizens. The rent charged is solely aimed at covering the operational expenses. While it's expected, not mandatory, for residents to pay room rental fees within their financial capabilities. This nonprofit organization strives to make a positive impact on the lives of senior citizens by providing them with affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating). The rating reflects the Pearson Charitable Corporation's performance, indicating some strengths in accountability and financial practices, particularly its high program expense ratio of 100%. This suggests that the organization is effectively channeling its funds towards its programs, with minimal liabilities relative to its assets.
However, the organization has significant limitations in governance practices. The absence of essential policies such as a conflict of interest policy and a whistleblower policy raises concerns about its operational transparency and accountability. Additionally, the lack of publicly available tax forms on its website suggests a deficiency in financial disclosure that could affect stakeholder trust.
Overall, while Pearson Charitable Corporation demonstrates effective financial management and a commitment to its mission through high program spending, its governance weaknesses and missing documentation could hinder its overall credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Pearson Charitable Corporation legitimate?
Pearson Charitable Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pearson Charitable 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pearson Charitable Corporation?
The Pearson Charitable Corporation's mission is centered around providing affordable housing for senior citizens. The rent charged is solely intended to cover operational expenses. Residents are encouraged, although not obligated, to pay fees for room rental within their financial capabilities. This organization aims to ensure that senior citizens have access to affordable housing, thereby supporting their living needs.
Who is the CEO of Pearson Charitable Corporation?
Cg Holthus is the V.President of Pearson Charitable Corporation.
What is the revenue of Pearson Charitable Corporation?
Pearson Charitable Corporation's revenue in 2021 was $46,560.
Who are the executives of Pearson Charitable Corporation and what are their salaries?
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 Pearson Charitable Corporation?
Pearson Charitable Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Pearson Charitable Corporation
Pearson Charitable Corporation is committed to providing affordable housing for senior citizens. The organization's mission is to ensure that rent costs only cover operating expenses. Residents are encouraged, although not required, to pay fees for room rental within their financial capacity. This approach allows Pearson Charitable Corporation to provide a living space that is financially accessible to elderly individuals, ensuring they can maintain a comfortable living standard.
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Impact
August, 2024
Pearson Charitable Corporation's impact is significant in providing affordable housing to senior citizens. They offer housing options where rent is determined solely to cover operating costs, ensuring that seniors have a safe and comfortable place to live without financial strain. Residents are encouraged, but not required, to pay fees for room rental based on their financial ability, creating a supportive living environment for seniors in need. By focusing on affordable housing for seniors, Pearson Charitable Corporation plays a crucial role in addressing housing challenges faced by this vulnerable population in York, NE.
This information is meant to be a general summary of Pearson Charitable 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 2021.
- Program Service Revenue: $46,560
- Gross Receipts: $46,560
Assets and Liabilities:
- Total Assets: $409,436
- Total Liabilities: $40,704
- Net Assets: $368,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING UNITS
Revenue
$46,560
Organization Details
Phone
(402) 363-7411Principal Officer
Cg Holthus
Main Address
529 LINCOLN AVENUE, YORK, NE, 68467
NTEE Category
Code: L22 - Housing
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