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.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Peace River Center Properties Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization boasts a high level of transparency and governance, with a fully independent board and no material diversion of assets reported. Their fiscal management is commendable, as demonstrated by a program expense ratio of 90.69%, indicating that a significant portion of their budget is directed towards their programs.
The organization has established several key policies that enhance its operational integrity, including a conflict of interest policy and a whistleblower policy, both of which are well-documented. Additionally, they maintain detailed minutes of board meetings, further illustrating their commitment to accountability. These strengths contribute positively to their overall score.
However, while the organization excels in financial accountability, there is no information provided regarding program effectiveness or outcomes, which would offer a more comprehensive view of their impact. This limitation suggests that while financial practices are strong, potential donors and stakeholders may want to seek additional information on the effectiveness of their programs.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,279
For more financial information, click here
What is the mission statement of Peace River Center Properties Inc?
Peace River Center Properties Inc, an organization dedicated to social services, focuses on providing affordable housing solutions for adults with mental illness. Specifically, they operate a housing complex of 11 units and a group home of 8 units, with a significant portion of the rental income received from the U.S. Department of Housing and Urban Development (HUD) through a Section 8 contract. This housing is regulated by HUD to ensure fair rent charges, operating methods, and expenditures. Essentially, their mission is to offer supportive housing environments that cater to the needs of individuals struggling with mental illness, promoting a sense of community and stability.
Who is the CEO of Peace River Center Properties Inc?
David Tournade is the Vice Chair of Peace River Center Properties Inc.
What is the revenue of Peace River Center Properties Inc?
Peace River Center Properties Inc's revenue in 2022 was $235,558.
Who are the executives of Peace River Center Properties Inc and what are their salaries?
There 3 volunteers at Peace River Center Properties Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $193,550
- Other: $29,358
- Compensation: $0
- Related: $158,347
- Other: $12,408
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peace River Center Properties Inc?
Peace River Center Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
June, 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.
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.
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
- Program Service Revenue: $235,556
- Gross Receipts: $235,558
Assets and Liabilities:
- Total Assets: $319,584
- Total Liabilities: $276,062
- Net Assets: $43,522
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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) 519-0575Principal Officer
David Tournade
Main Address
P O BOX 1559, BARTOW, FL, 338311559
NTEE Category
Code: F33Z - Mental health
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