Overview
What is Presbyterian Homes Of Charlotte Inc?
Presbyterian Homes of Charlotte Inc, situated in Port Charlotte, Florida, is a dedicated nonprofit institution focused on providing affordable housing for the elderly. Their primary mission is to offer low-rent, government-assisted accommodations, ensuring senior citizens can maintain an independent lifestyle with financial support. The organization's activities are centered around this mission, providing a vital service to the elderly community in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Presbyterian Homes Of Charlotte Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 79% based solely on its Accountability & Finance metrics. This indicates a strong emphasis on fiscal responsibility, and the charity has performed well in several key areas, such as maintaining a fully independent board and having robust financial oversight mechanisms in place.
Notably, the organization scored full points for its program expense ratio, showing that it allocates all its resources directly to its programs. Additionally, it has established comprehensive policies around conflicts of interest, whistleblower protections, and document retention, which all contribute to strong governance practices. These strengths suggest a commitment to transparency and ethical management.
However, the charity's liabilities to assets ratio is concerning at 107.70%, indicating it has more liabilities than assets. This may raise questions about its financial stability moving forward. Despite strong governance and operational metrics, potential donors and stakeholders should consider this financial aspect when evaluating the organization's overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Homes Of Charlotte Inc legitimate?
Presbyterian Homes Of Charlotte Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Homes Of Charlotte 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:
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Other Salaries and Wages: $306,409
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What is the mission statement of Presbyterian Homes Of Charlotte Inc?
Presbyterian Homes of Charlotte Inc is dedicated to providing affordable housing for the elderly, with assistance from the government. Their mission is to offer low-rent accommodations, ensuring that senior citizens have access to suitable living spaces. This non-profit organization is committed to making housing more affordable for the elderly population, thereby enhancing their quality of life in retirement.
Who is the CEO of Presbyterian Homes Of Charlotte Inc?
James Wilson is the President of Presbyterian Homes Of Charlotte Inc.
What is the revenue of Presbyterian Homes Of Charlotte Inc?
Presbyterian Homes Of Charlotte Inc's revenue in 2022 was $951,824.
Who are the executives of Presbyterian Homes Of Charlotte Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Presbyterian Homes Of Charlotte Inc?
Presbyterian Homes Of Charlotte Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Presbyterian Homes Of Charlotte Inc
Presbyterian Homes of Charlotte, as a nonprofit organization, is dedicated to providing affordable housing for the elderly. Their mission is centered around offering low-rent accommodations that are supported by government assistance, catering to the elderly population. This retirement home or senior housing program aims to make living arrangements more accessible for this demographic, ensuring they can maintain a comfortable and secure lifestyle.
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Impact
July, 2024
Presbyterian Homes of Charlotte Inc provides low-rent government-assisted housing for the elderly in Port Charlotte, FL. This organization's impact can be seen in its dedication to providing affordable housing options for seniors in need. By offering this housing assistance, Presbyterian Homes of Charlotte Inc plays a crucial role in ensuring that elderly individuals have a safe and comfortable place to call home. Their work helps to improve the quality of life for seniors in the community by addressing their housing needs and promoting social well-being. This impact is significant as it supports the overall well-being and security of the elderly population in Port Charlotte.
This information is meant to be a general summary of Presbyterian Homes Of Charlotte 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: $1,302
- Program Service Revenue: $943,398
- Gross Receipts: $951,824
Assets and Liabilities:
- Total Assets: $2,897,777
- Total Liabilities: $2,971,567
- Net Assets: -$73,790
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$943,398
Organization Details
Phone
(941) 629-6664Principal Officer
James Wilson
Main Address
2295 AARON STREET, PORT CHARLOTTE, FL, 33952
NTEE Category
Code: L22 - Housing
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