Overview
What is Pisgah Inc?
Pisgah Inc is a nonprofit organization, established with the purpose of managing Concord Square Apartments in Omaha, Nebraska. This community offers housing for low-income elderly individuals, adhering to Section 202 of the National Housing Act. The organization has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD, and a Project Rental Assistance Contract (PRAC) provides rent assistance for 20 out of 21 units, as part of the Section 8 program of the National Housing Act. This initiative aims to provide affordable housing options for the elderly in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
Pisgah Inc has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 65%. The organization excels in several areas of accountability and finance, achieving a perfect score of 100% in this category. Notably, it has a fully independent board with 10 out of 10 points for both the majority of independent board members and board size. Furthermore, there are no reported material diversions of assets, and they have a conflict of interest policy in place.
Despite these strengths, there are significant areas for improvement. The organization is lacking in essential policies, such as a whistleblower policy and a document retention and destruction policy, both of which received no points. Additionally, the liabilities to assets ratio is concerning at 177.97%, indicating potential financial instability, which contributed to their lower overall score. While the program expense ratio is strong at 83.28%, emphasizing a commitment to their mission, the overall governance issues may affect donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Pisgah Inc legitimate?
Pisgah Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pisgah 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: $0
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What is the mission statement of Pisgah Inc?
Pisgah Inc, a non-profit organization, was established with the primary goal of managing a 21-unit housing complex called Concord Square Apartments, located elsewhere. The organization caters to low-income elderly residents. It was established under Section 202 of the National Housing Act and has a regulatory agreement with the Federal Housing Administration (FHA) section of HUD. A Project Rental Assistance Contract (PRAC) is in place, which provides rental assistance for 20 out of the 21 units, funded by the Section 8 program of the National Housing Act. In essence, Pisgah Inc's mission is to provide affordable housing solutions for the elderly population with limited income.
Who is the CEO of Pisgah Inc?
Ralph Lassiter is the President of Pisgah Inc.
What is the revenue of Pisgah Inc?
Pisgah Inc's revenue in 2022 was $150,491.
Who are the executives of Pisgah Inc and what are their salaries?
There 4 volunteers at Pisgah Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Pisgah Inc?
Pisgah Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pisgah Inc
Pisgah Inc, a nonprofit organization, was established with the primary purpose of managing a 21-unit community known as Concord Square Apartments, located in Nebraska. The organization's mission is centered around providing affordable housing for low-income elderly individuals. Pisgah Inc was organized under Section 202 of the National Housing Act and has entered into standard regulatory agreements with the Federal Housing Administration section of HUD, which govern the operation of the community. To ensure that the housing remains accessible, the organization has a Project Rental Assistance Contract (PRAC) that provides rent assistance for 20 out of the 21 units, funded by the Section 8 program of the National Housing Act. In essence, Pisgah Inc's mission is to create a supportive living environment for the elderly, providing them with affordable housing and necessary financial assistance.
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Impact
October, 2024
Pisgah Inc's impact is significant in addressing the housing needs of low-income elderly individuals in Omaha, Nebraska. By operating the Concord Square Apartments, which consists of 21 units, the organization provides a safe and affordable living environment for its residents. This initiative not only offers stable housing but also fosters a sense of community among seniors.
With 20 out of the 21 units benefiting from rent assistance through the Project Rental Assistance Contract (PRAC) and Section 8 program, Pisgah Inc ensures that financial barriers do not prevent individuals from accessing essential housing. This assistance is crucial as it allows elderly residents to live independently while receiving the support they need.
Furthermore, by adhering to the guidelines of the Federal Housing Administration (FHA) and the National Housing Act, Pisgah Inc exemplifies a commitment to regulatory standards and quality care within its housing community. Overall, the organization's work directly contributes to enhancing the quality of life for vulnerable populations, reinforcing its role as a vital resource in the community.
This information is meant to be a general summary of Pisgah 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 2022.
- Investment Income: $12
- Program Service Revenue: $64,085
- Gross Receipts: $150,491
Assets and Liabilities:
- Total Assets: $790,956
- Total Liabilities: $1,350,968
- Net Assets: -$560,012
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$64,085
Organization Details
Founding Year
2001
Phone
(402) 333-7373Principal Officer
Ralph Lassiter
Main Address
2840 S 123RD COURT, OMAHA, NE, 68144
NTEE Category
Code: L21 - Housing
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