Overview
What is Peace River Center Properties Inc?
Peace River Center Properties Inc, a nonprofit organization based in Bartow, Florida, primarily focuses on providing low-income housing and a group home for adults with mental illness. Their project, which consists of an apartment complex with 11 units and a group home with 8 units, is regulated by the United States Department of Housing and Urban Development (HUD) and operates under Section 8 of the National Housing Act. A considerable portion of the rent income is received from HUD through a Housing Assistance Payments (HAP) contract. The mission of this organization is to offer housing solutions within Florida's Judicial Circuit 10, aiming to support those in need.
Is Peace River Center Properties Inc legitimate?
Peace River Center Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peace River Center 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,279
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Mission Statement of Peace River Center Properties Inc
Peace River Center Properties Inc, a non-profit organization, is dedicated to providing low-income housing and a group home for adults with mental illness. Specifically, they offer housing solutions in Florida's Judicial Circuit 10. Their mission involves operating an apartment complex of 11 units and a group home of 8 units, both of which are under Section 8 of the National Housing Act. This project is supported by a Section 8 Housing Assistance Payments (HAP) contract with HUD, with a significant portion of the rental income coming from HUD. These properties, regulated by the United States Department of Housing and Urban Development (HUD), follow guidelines for rent charges, operating methods, and operating expenditures. In essence, Peace River Center Properties Inc is committed to offering a safe and supportive living environment for those in need, helping them navigate the challenges of mental illness.
Impact
This information is meant to be a general summary of Peace River Center Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Tuesday, June 18, 2024
Peace River Center Properties Inc's impact lies in providing crucial low-income housing and a group home for adults with mental illness in Florida's Judicial Circuit 10. By offering affordable housing options through an apartment complex and a group home with supportive services, the organization plays a vital role in supporting individuals in need within the community. This initiative not only addresses the housing needs of vulnerable populations but also promotes mental health support and stability for those facing challenges related to mental illness. Through their work, Peace River Center Properties Inc contributes to fostering a more inclusive and caring society, highlighting the importance of accessible housing and support services for individuals with mental health concerns.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$235,556
Organization Details
Founding Year
1985
Phone
(863) 519-0575
Principal Officer
David Tournade
Main Address
P O BOX 1559, BARTOW, FL, 338311559
NTEE Category
Code: F33Z - Mental health
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