Overview
What is Regional Properties Inc?
Regional Properties Inc is a nonprofit organization situated in Miami, Florida, with an address at 9040 Sunset Drive. The primary purpose of this organization is to support the mission of related, tax-exempt organizations that cater to the needs of developmentally disabled individuals. By holding title to property, Regional Properties Inc leases facilities to these organizations, enabling them to provide essential services such as housing, supervision, training, therapy, medical care, education, and various other related support systems. These services are vital in enhancing the lives and wellbeing of individuals with developmental disabilities.
Official website here: www.sunrisegroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
Regional Properties Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scores exceptionally well in various categories, particularly with 100% of its board being independent and high marks for its financial oversight practices. This rating indicates a transparent and well-managed nonprofit that is likely making effective use of its resources.
The organization demonstrates robust financial management, with a program expense ratio of nearly 88%, signifying that a substantial portion of its budget is dedicated to direct program services rather than administrative costs. Additionally, the absence of any material diversion of assets further underscores its integrity and responsible stewardship of funds. The presence of comprehensive policies, including conflict of interest and whistleblower protections, reflects a strong governance framework.
Despite its strengths, the rating is based solely on financial accountability and does not provide insights into the organization's programmatic impact or beneficiary feedback. While the financials are solid, potential donors and supporters may seek additional information on the tangible outcomes of Regional Properties Inc's initiatives. Overall, the organization stands out for its financial reliability but could benefit from greater transparency regarding its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Regional Properties Inc legitimate?
Regional Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional Properties 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
Official website here: www.sunrisegroup.org
What is the mission statement of Regional Properties Inc?
Regional Properties Inc's primary role involves holding title to property and leasing it to related tax-exempt organizations. The mission of these leased organizations is to provide housing, supervision, training, therapy, medical services, education, and various other related services to individuals with developmental disabilities. By doing so, Regional Properties Inc indirectly supports the provision of comprehensive care for these individuals, enabling them to lead improved lives. The lessee organizations operate under a shared goal to enhance the well-being and capabilities of individuals with developmental disabilities.
Official website here: www.sunrisegroup.org
Who is the CEO of Regional Properties Inc?
Russell Armour is the Authorized Agent of Regional Properties Inc.
Official website here: www.sunrisegroup.org
What is the revenue of Regional Properties Inc?
Regional Properties Inc's revenue in 2022 was $5,019,456.
Official website here: www.sunrisegroup.org
Who are the executives of Regional Properties Inc and what are their salaries?
There 3 volunteers at Regional Properties Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $354,817
- Other: $25,839
- Compensation: $0
- Related: $233,121
- Other: $32,530
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sunrisegroup.org
Where can I find the form 990 for Regional Properties Inc?
Regional Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sunrisegroup.org
Learn more at the official website: www.sunrisegroup.org
Mission Statement of Regional Properties Inc
Regional Properties Inc, as a supporting entity, holds title to property and leases it to related tax-exempt organizations. The primary mission of this organization is to aid these tax-exempt organizations in their mission to provide essential services for developmentally disabled individuals. These services encompass housing, supervision, training, therapy, medical care, education, and various other related services. By leasing facilities to these organizations, Regional Properties Inc plays a vital role in enabling them to fulfill their mission and improve the lives of those who require their assistance. The lessor and its lessees are commonly controlled, related tax-exempt organizations, working together to support the well-being of developmentally disabled individuals.
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Impact
July, 2024
Regional Properties Inc's impact is significant in providing essential support and infrastructure for organizations dedicated to serving developmentally disabled individuals. By holding title to real estate and leasing it to related tax-exempt organizations, Regional Properties Inc plays a crucial role in enabling these organizations to fulfill their mission of providing housing, supervision, training, therapy, medical services, education, and other necessary services to the community. Through this partnership, Regional Properties Inc directly contributes to improving the quality of life and support available to developmentally disabled individuals in Miami, Florida, and beyond.
This information is meant to be a general summary of Regional Properties 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: $2,127,341
- Program Service Revenue: $2,892,115
- Gross Receipts: $5,397,559
Assets and Liabilities:
- Total Assets: $42,950,454
- Total Liabilities: $9,220,972
- Net Assets: $33,729,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM TAX-EXEMPT AFFILIATES
Revenue
$2,892,115
Organization Details
Founding Year
1965
Phone
(305) 596-9040Principal Officer
Russell Armour
Main Address
9040 SUNSET DRIVE, MIAMI, FL, 33173
Website
www.sunrisegroup.orgNTEE Category
Code: S470 - Community improvement
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