Overview
What is Nonprofit Housing Preservation Sb Inc?
Nonprofit Housing Preservation Sb Inc, based in Riviera Beach, Florida, is committed to providing affordable housing for low-income individuals and families. Operating with a 308-unit apartment complex, this nonprofit organization focuses on procuring, building, and managing affordable living spaces for these families. Through its mission, Nonprofit Housing Preservation Sb Inc aims to ensure that economically disadvantaged communities have access to safe and suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Nonprofit Housing Preservation Sb Inc has received a score of 67%, indicative of a moderate level of accountability and financial management. The organization demonstrates strong governance, with 100% of its board members being independent, which fosters objective decision-making. Additionally, it has effectively documented its board meeting minutes, contributing to transparency.
The financial metrics reveal a solid operational structure, with a program expense ratio of 96.80%, suggesting that a significant portion of its funds is directed towards its mission-related activities. Furthermore, the organization has maintained a liabilities to assets ratio of 0.00%, indicating a strong financial position without reliance on debt.
Despite these strengths, the overall two-star rating suggests room for improvement in other areas of accountability and finance. Stakeholders may want to look into further details regarding the organization's long-term sustainability and impact to ensure their contributions are effectively utilized.
This AI summary has been generated from information found on Charity Navigator.
Is Nonprofit Housing Preservation Sb Inc legitimate?
Nonprofit Housing Preservation Sb Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Housing Preservation Sb 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 Nonprofit Housing Preservation Sb Inc?
Nonprofit Housing Preservation Sb Inc's mission is centered around providing affordable housing for low-income families. This nonprofit organization engages in the acquisition, development, ownership, and operation of such housing units. Their primary goal is to contribute to the housing needs of individuals and families who fall under the low-income bracket. As evident in their recent activity, they have facilitated the financing of an apartment complex, housing 308 units, catering to this specific demographic.
Who is the CEO of Nonprofit Housing Preservation Sb Inc?
John Corbett is the Director, Ceo of Nonprofit Housing Preservation Sb Inc. The CEO's salary of Nonprofit Housing Preservation Sb Inc is $0 and their total compensation is $0.
What is the revenue of Nonprofit Housing Preservation Sb Inc?
Nonprofit Housing Preservation Sb Inc's revenue in 2022 was $700,766.
Who are the executives of Nonprofit Housing Preservation Sb Inc and what are their salaries?
Here are 3 key members and their salaries (Nonprofit Housing Preservation Sb Inc's CEO's salary is $0 and their total compensation is $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 Nonprofit Housing Preservation Sb Inc?
Nonprofit Housing Preservation Sb Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nonprofit Housing Preservation Sb Inc
Nonprofit Housing Preservation Sb Inc is committed to providing affordable housing solutions for low-income families. Their mission encompasses the acquisition, development, ownership, and operation of such housing units. By undertaking these activities, the organization aims to make housing accessible to individuals and families who may otherwise struggle to afford it.
In essence, Nonprofit Housing Preservation Sb Inc plays a crucial role in addressing housing inequality. By acquiring and developing affordable housing units, they contribute to creating sustainable living environments for low-income families. Furthermore, their ownership and operation of these units ensure that they are well-maintained and efficiently managed, providing residents with safe and comfortable homes.
In one specific instance, Nonprofit Housing Preservation Sb Inc facilitated the financing of a 308-unit apartment complex. This project provides affordable housing opportunities for low-income individuals and families, demonstrating the organization's commitment to its mission. By focusing on affordable housing, Nonprofit Housing Preservation Sb Inc contributes to the overall well-being of its community, enabling families to secure stable living environments.
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Impact
July, 2024
Nonprofit Housing Preservation Sb Inc's impact is significant in providing affordable housing for low-income families in Riviera Beach, FL. Through seller financing for a 308-unit apartment complex, the organization offers essential housing solutions for individuals and families in need. By focusing on the acquisition, development, ownership, and operation of affordable housing, Nonprofit Housing Preservation Sb Inc plays a crucial role in addressing housing insecurity and supporting the well-being of the community.
This information is meant to be a general summary of Nonprofit Housing Preservation Sb 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.
- Program Service Revenue: $700,766
- Gross Receipts: $700,766
Assets and Liabilities:
- Total Assets: $13,532,143
- Total Liabilities: $750
- Net Assets: $13,531,393
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$700,766
Organization Details
Founding Year
1995
Phone
(561) 655-6775Principal Officer
John Corbett
Main Address
2001 W BLUE HERON BLVD 201, RIVIERA BEACH, FL, 33404
NTEE Category
Code: L210 - Housing
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