Overview
What is Preservation Housing Trust?
Preservation Housing Trust is a nonprofit organization situated in Saint Paul, Minnesota, with an address at 755 Selby Avenue Suite A, 55104. Their primary mission is to create, acquire, preserve, and rehabilitate affordable housing that fosters wellness and stability for families, seniors, and those facing challenges. They adhere to Section 221(D)(4) of the National Housing Act and Section 223(A)(7), and also receive Housing Assistance Payments to support residents in some of the units. This organization is dedicated to instilling respect for its residents while providing them with a stable living environment.
Official website here: www.preservationhousingtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
Preservation Housing Trust has achieved a strong rating of 91% from Charity Navigator, reflecting its commitment to accountability and financial transparency. This high score is derived solely from its Accountability & Finance metrics, which indicates that the organization maintains rigorous standards in managing its resources. The trust is recognized for having a fully independent board and well-structured financial oversight practices.
The organization excels in various areas, including having a comprehensive conflict of interest policy, a whistleblower policy, and clear documentation of board meeting minutes. Its Program Expense Ratio is exemplary at 100%, indicating that all of its expenses are directed towards program activities, showcasing the effectiveness of its mission-driven work.
However, the Liabilities to Assets Ratio at 56.02% suggests that while the organization is managing its liabilities well, there may be areas for improvement in balancing its financial structure. Overall, Preservation Housing Trust demonstrates a solid commitment to ethical governance and financial responsibility, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Preservation Housing Trust legitimate?
Preservation Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preservation Housing Trust 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: $194,471
For more financial information, click here
Official website here: www.preservationhousingtrust.org
What is the mission statement of Preservation Housing Trust?
The Preservation Housing Trust's mission is centered around creating and maintaining affordable housing for families, seniors, and individuals facing challenges. Their objective is to promote wellness and stability within these communities. They accomplish this by constructing, acquiring, preserving, and rehabilitating housing units. The trust instills respect for its residents as a key component of their work. They operate under Section 221(D)(4) of the National Housing Act and receive Housing Assistance Payments to support residents with a portion of their units.
Official website here: www.preservationhousingtrust.org
Who is the CEO of Preservation Housing Trust?
Shawn Huckleby is the Principal Officer of Preservation Housing Trust.
Official website here: www.preservationhousingtrust.org
What is the revenue of Preservation Housing Trust?
Preservation Housing Trust's revenue in 2022 was $967,636.
Official website here: www.preservationhousingtrust.org
Who are the executives of Preservation Housing Trust and what are their salaries?
Here are 6 key members and their salaries:
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- Other: $0
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- Related: $166,805
- Other: $0
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Official website here: www.preservationhousingtrust.org
Where can I find the form 990 for Preservation Housing Trust?
Preservation Housing Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preservationhousingtrust.org
Learn more at the official website: www.preservationhousingtrust.org
Mission Statement of Preservation Housing Trust
Preservation Housing Trust, as a nonprofit organization, is committed to creating and building, acquiring, preserving, and rehabilitating affordable housing. This mission is designed to promote wellness and stability for families, seniors, and those who face challenges. The goal is to instill respect for the residents living in these properties. Preservation Housing Trust operates under Section 221(D)(4) of the National Housing Act, and they also receive Housing Assistance Payments to assist residents with a portion of their utility costs for certain units. This strategic approach allows Preservation Housing Trust to make a significant impact in the lives of those in need, ensuring they have access to safe and affordable housing.
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Impact
July, 2024
Preservation Housing Trust's impact lies in creating, building, acquiring, preserving, and rehabilitating affordable housing that promotes wellness and stability for families, seniors, and the challenged. Their work instills respect for residents and aims to provide a safe, secure, and affordable housing option for those in need. Through their efforts, they contribute to the overall well-being and stability of communities, ensuring that individuals and families have access to suitable housing options that meet their needs.
This information is meant to be a general summary of Preservation Housing Trust. 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: $413
- Program Service Revenue: $963,723
- Gross Receipts: $967,636
Assets and Liabilities:
- Total Assets: $4,510,535
- Total Liabilities: $2,527,197
- Net Assets: $1,983,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$963,723
Organization Details
Founding Year
2014
Phone
(651) 209-0537Principal Officer
Shawn Huckleby
Main Address
755 SELBY AVENUE SUITE A, SAINT PAUL, MN, 55104
NTEE Category
Code: L22 - Housing
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