Overview
What is Palatka Retirement Villas Inc?
Palatka Retirement Villas Inc is a nonprofit organization situated in Jacksonville, Florida, specifically at 3100 University Blvd S Suite 235. Their primary mission is to offer housing facilities that cater to the unique needs of elderly and disabled individuals with low incomes. These facilities are designed to address their physical, social, and psychological requirements, ensuring a comfortable and supportive living environment for this particular group. The organization's commitment to this mission aligns with its mission statement, which emphasizes the provision of such housing facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Palatka Retirement Villas Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial management. The organization scored 79% overall, with notable strengths in governance, including a board composed entirely of independent members and a robust audit and oversight process. Their program expense ratio is impressive at 94.10%, suggesting that a significant portion of their funds is directly allocated to their mission.
The charity exhibits strong governance practices, with an independent board comprising nine members and comprehensive policies in place for conflict of interest, whistleblower protection, and document retention. The absence of any material diversion of assets further underscores the organization's commitment to transparency and ethical management.
While the charity's overall score reflects a commendable level of financial health and accountability, it still leaves room for improvement in certain areas. Organizations with a higher rating may have more robust financial practices or a greater impact on their communities, which could serve as a benchmark for Palatka Retirement Villas Inc as they continue to strive for excellence.
This AI summary has been generated from information found on Charity Navigator.
Is Palatka Retirement Villas Inc legitimate?
Palatka Retirement Villas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palatka Retirement Villas 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: $189,299
For more financial information, click here
What is the mission statement of Palatka Retirement Villas Inc?
Palatka Retirement Villas Inc has a mission to cater to the needs of elderly and disabled individuals with low income. They strive to provide housing facilities that are specifically designed to address the physical, social, and psychological requirements of these individuals. The organization's goal is to create an environment that promotes their well-being and overall quality of life. By doing so, they aim to offer a supportive living space that caters to their unique needs, enhancing their independence and dignity.
Who is the CEO of Palatka Retirement Villas Inc?
Alma C Ballard is the Sec/Treas of Palatka Retirement Villas Inc.
What is the revenue of Palatka Retirement Villas Inc?
Palatka Retirement Villas Inc's revenue in 2022 was $892,264.
Who are the executives of Palatka Retirement Villas Inc and what are their salaries?
There 9 volunteers at Palatka Retirement Villas Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $84,796
- Other: $6,700
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- Other: $0
Where can I find the form 990 for Palatka Retirement Villas Inc?
Palatka Retirement Villas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Palatka Retirement Villas Inc
Palatka Retirement Villas Inc is dedicated to serving the needs of elderly and disabled individuals with low income. Their mission is to provide these individuals with housing facilities that are specifically designed to cater to their physical, social, and psychological needs. The organization understands the unique challenges faced by this demographic and strives to create living spaces that address these needs comprehensively. By offering housing facilities tailored to their specific requirements, Palatka Retirement Villas Inc aims to enhance the quality of life for its residents, ensuring they feel supported and cared for in their golden years.
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Impact
July, 2024
Palatka Retirement Villas Inc's impact is significant as it plays a crucial role in providing elderly and disabled low-income individuals with housing facilities specially designed to meet their physical, social, and psychological needs. By focusing on this particular demographic, the organization contributes to enhancing the quality of life for vulnerable individuals who may otherwise struggle to find suitable accommodation. In doing so, Palatka Retirement Villas Inc positively impacts the overall well-being and welfare of the elderly and disabled low-income persons in Jacksonville, FL.
This information is meant to be a general summary of Palatka Retirement Villas 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: -$6,768
- Program Service Revenue: $899,032
- Gross Receipts: $899,112
Assets and Liabilities:
- Total Assets: $1,036,606
- Total Liabilities: $2,511,622
- Net Assets: -$1,475,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL & RELATED
Revenue
$894,265
OTHER
Revenue
$4,767
Organization Details
Founding Year
1983
Phone
(904) 632-1255Principal Officer
Alma C Ballard
Main Address
3100 UNIVERSITY BLVD S SUITE 235, JACKSONVILLE, FL, 32216
NTEE Category
Code: L22 - Housing
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