Overview
What is Presbyterian Towers Inc?
Presbyterian Towers Inc, located in St. Petersburg, Florida, is a nonprofit organization dedicated to providing affordable housing for the elderly. Operating under HUD regulations, they offer low-rent government-assisted residences, ensuring that elderly individuals have access to suitable living arrangements. The organization's team of 19 dedicated employees is committed to this mission, contributing to the well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Presbyterian Towers Inc has received a rating of 79%, which earns it a Three-Star designation on Charity Navigator. This score reflects the organization's strong accountability and financial practices, which are crucial for non-profits as they indicate trustworthiness and effective management of donations. The overall score is solely based on the Accountability & Finance beacon, underscoring the importance of these aspects in maintaining donor confidence.
One of the notable strengths of Presbyterian Towers Inc is its independent board structure, with 100% independent members. This governance model enhances transparency and reduces potential conflicts of interest. The organization has robust policies, including whistleblower protections and conflict of interest protocols, which contribute to its overall accountability. Additionally, its program expense ratio is exceptionally high at 100%, indicating that all expenses are directed towards its mission-related activities.
However, while the organization has demonstrated strong financial health with a low liabilities-to-assets ratio of 6.61%, the single focus on the Accountability & Finance score may suggest the need for a more comprehensive evaluation of its overall impact and effectiveness. The absence of additional beacons, such as those assessing program outcomes or community impact, leaves some uncertainty about the broader aspects of its operations and success in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Towers Inc legitimate?
Presbyterian Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Towers 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: $357,812
For more financial information, click here
What is the mission statement of Presbyterian Towers Inc?
Presbyterian Towers Inc is dedicated to providing affordable housing solutions for the elderly, adhering to regulations set by the HUD. Their mission is to ensure that elderly individuals have access to comfortable and affordable living spaces, thereby improving their quality of life. The organization operates under HUD regulations, thereby ensuring a standardized and secure living environment for its residents. The primary goal of Presbyterian Towers Inc is to provide a supportive housing environment that caters to the unique needs of the elderly population.
Who is the CEO of Presbyterian Towers Inc?
James Wilson is the President of Presbyterian Towers Inc.
What is the revenue of Presbyterian Towers Inc?
Presbyterian Towers Inc's revenue in 2022 was $1,545,114.
Who are the executives of Presbyterian Towers Inc and what are their salaries?
The average compensation at Presbyterian Towers Inc during 2022 was $18,832. There are 19 employees at Presbyterian Towers Inc.
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Where can I find the form 990 for Presbyterian Towers Inc?
Presbyterian Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Presbyterian Towers Inc
Presbyterian Towers Inc is dedicated to providing affordable housing solutions for the elderly, adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD). The organization's mission is centered around offering low-rent residences to this specific demographic, ensuring they can live in comfort and security. By adhering to HUD regulations, Presbyterian Towers Inc ensures that its housing options meet the necessary standards for elderly residents, providing them with a safe and reliable living environment.
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Impact
July, 2024
Presbyterian Towers Inc provides much-needed low-rent government-assisted housing for the elderly in St. Petersburg, FL. By offering safe and affordable housing under HUD regulations, this organization plays a crucial role in ensuring that elderly individuals have access to suitable living arrangements. Through their mission of providing housing for the elderly, Presbyterian Towers Inc positively impacts the lives of seniors in the community by giving them a stable and supportive environment in which to live.
This information is meant to be a general summary of Presbyterian Towers 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: $1,190
- Program Service Revenue: $1,527,111
- Gross Receipts: $1,545,114
Assets and Liabilities:
- Total Assets: $2,698,513
- Total Liabilities: $165,685
- Net Assets: $2,532,828
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,527,111
Organization Details
Phone
(888) 568-8288Principal Officer
James Wilson
Main Address
430 BAY STREET NE, ST PETERSBURG, FL, 33701
NTEE Category
Code: L22Z - Housing
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