Overview
What is Partnership Homes Inc?
Partnership Homes Inc, situated in Greensboro, North Carolina, is a nonprofit organization dedicated to addressing the issue of homelessness. Their primary mission is to develop and operate affordable housing units for individuals and families who have previously experienced homelessness or are at risk of becoming homeless. By providing such housing, Partnership Homes Inc aims to contribute to the betterment of their community and offer a stable living environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Partnership Homes Inc has achieved a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The overall score is derived solely from its Accountability & Finance metrics, which reflect a strong commitment to transparency and responsible management of funds. The charity had a particularly impressive Program Expense Ratio of 97.64%, suggesting that the vast majority of its expenses are directed towards its programs rather than administrative costs.
The organization's governance is solid, with a fully independent board consisting of 9 members, earning it full points for both independent board member presence and size. Additionally, it has implemented key policies such as conflict of interest and document retention, which further enhances its accountability. The financial statements are independently audited, contributing another layer of confidence in its financial reporting.
While the charity demonstrates a strong performance in these areas, the overall rating indicates room for improvement beyond accountability and finance. Continued efforts to address any potential weaknesses in other categories could enhance its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership Homes Inc legitimate?
Partnership Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership Homes 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
For more financial information, click here
What is the mission statement of Partnership Homes Inc?
Partnership Homes Inc is dedicated to the development and operation of affordable housing. More specifically, their mission is to provide affordable housing for individuals and families who have previously experienced homelessness or are at risk of becoming homeless. This organization's primary goal is to contribute to the housing needs of these vulnerable groups, aiming to provide them with a stable living environment. The development of affordable housing is at the heart of Partnership Homes Inc's mission.
Who is the CEO of Partnership Homes Inc?
Mike Cooke is the President of Partnership Homes Inc.
What is the revenue of Partnership Homes Inc?
Partnership Homes Inc's revenue in 2022 was $1,056,016.
Who are the executives of Partnership Homes Inc and what are their salaries?
There 9 volunteers at Partnership Homes Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Partnership Homes Inc?
Partnership Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Partnership Homes Inc
Partnership Homes Inc, as a nonprofit organization, is dedicated to the development and operation of affordable housing. More specifically, their mission is to provide affordable housing solutions for formerly homeless individuals and families who are at risk of becoming homeless once again. By developing such housing, Partnership Homes Inc aims to contribute to the well-being and stability of these vulnerable groups, offering them a chance to rebuild their lives.
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Impact
July, 2024
Partnership Homes Inc's impact lies in its pivotal role in providing affordable housing solutions for formerly homeless individuals and families, as well as those who are at risk of homelessness. Through its development and operation of affordable housing units in Greensboro, NC, Partnership Homes Inc is actively working towards combating homelessness and improving the quality of life for vulnerable populations. Their dedication to this mission is evident in their commitment to providing stable and secure housing options for those in need, ultimately making a significant difference in the lives of many individuals and families in the community.
This information is meant to be a general summary of Partnership Homes 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: -$17,294
- Program Service Revenue: $1,072,722
- Gross Receipts: $1,073,378
Assets and Liabilities:
- Total Assets: $9,954,888
- Total Liabilities: $9,603,821
- Net Assets: $351,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,071,284
TENANT CHARGES
Revenue
$1,438
Organization Details
Founding Year
1998
Phone
(336) 707-5289Principal Officer
Mike Cooke
Main Address
1031 SUMMIT AVENUE 1E-1, GREENSBORO, NC, 27405
NTEE Category
Code: L80 - Housing
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