Overview
What is Pine Woods Inc?
Pine Woods Inc is a nonprofit organization situated in Cutler Bay, Florida, dedicated to addressing the housing needs of individuals with limited financial resources. They accomplish this mission by managing an apartment complex consisting of 272 units, which fall under Section 236 of the National Housing Act. The primary goal of Pine Woods Inc is to provide affordable living spaces for its residents, contributing positively to the local community.
What are the reviews and ratings of this charity?
94% rating from Charity Navigator indicates that Pine Woods Inc has achieved a Four-Star out of Four Star rating, reflecting high accountability and financial health. This score emphasizes the organization’s strong governance practices and efficient use of funds, as every aspect of the rating is derived from the Accountability & Finance beacon.
The organization demonstrates excellent board independence, with all members being independent and effectively managing its size. Financial oversight is robust, with a dedicated audit committee in place, and the absence of material diversion of assets showcases a commitment to integrity and proper resource management. Additionally, policies regarding conflicts of interest, whistleblowing, and document retention are well-established and documented.
While Pine Woods Inc has shown remarkable performance in financial management and accountability, the rating does not encompass programmatic effectiveness or community impact. Potential donors and supporters might want to look beyond financial metrics to assess the organization’s broader influence and outcomes in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Pine Woods Inc legitimate?
Pine Woods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pine Woods 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.
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What is the mission statement of Pine Woods Inc?
Pine Woods Inc, as an organization, is committed to providing low-income housing. They fulfill this mission by operating an apartment complex comprising 272 units, which falls under Section 236 of the National Housing Act. Located elsewhere, the precise location is not specified in the provided information. The focus of Pine Woods Inc is to provide affordable housing solutions for individuals who may otherwise struggle to secure suitable housing.
Who is the CEO of Pine Woods Inc?
Karl Bartels is the Director of Pine Woods Inc.
What is the revenue of Pine Woods Inc?
Pine Woods Inc's revenue in 2022 was $3,610,540.
Who are the executives of Pine Woods Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Pine Woods Inc?
Pine Woods Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pine Woods Inc
Pine Woods Inc, a nonprofit organization, is dedicated to providing low-income housing. They accomplish this mission by operating an apartment complex consisting of 272 units, all under Section 236 of the National Housing Act. This housing complex is strategically located in Cutler Bay, FL. Pine Woods Inc's commitment to low-income housing aims to contribute to a more equitable living environment for those in need.
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Impact
July, 2024
Pine Woods Inc's impact can be seen in their dedicated effort to provide low-income housing to individuals and families in the Cutler Bay, FL community. Through their operation of a 272-unit apartment complex under section 236 of the national housing act, Pine Woods Inc is making a tangible difference in addressing the housing needs of those in need. Their focus on affordable housing contributes to the community's overall well-being and helps to alleviate the burden of housing insecurity for many individuals and families.
This information is meant to be a general summary of Pine Woods 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: $217
- Program Service Revenue: $885,818
- Gross Receipts: $3,610,540
Assets and Liabilities:
- Total Assets: $11,584,651
- Total Liabilities: $511,547
- Net Assets: $11,073,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL INCOME
Revenue
$879,926
SECURITY DEPOSIT FORFE
Revenue
$1,888
TENANT CHARGES
Revenue
$1,807
DAMAGE INCOME
Revenue
$1,642
LAUNDRY AND VENDING RE
Revenue
$555
Organization Details
Founding Year
1972
Phone
(305) 235-8269Principal Officer
Karl Bartels
Main Address
8420 SW 188TH TERRACE, CUTLER BAY, FL, 33157
NTEE Category
Code: L22Z - Housing
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