Overview
What is Prince Of Peace Housing Inc?
Prince of Peace Housing Inc., operating under the name Prince of Peace Villas, is a nonprofit organization situated in Ormond Beach, Florida. With a focus on providing affordable housing, the organization manages a HUD-subsidized apartment complex, catering specifically to very low-income elderly individuals. Their mission encompasses not just housing but also related services, ensuring the well-being of their residents. With a dedicated team of three employees, Prince of Peace Housing Inc. contributes to alleviating housing challenges in the community, providing a safe and supportive living environment for its elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Prince Of Peace Housing Inc has achieved a Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored 94% in its overall accountability and finance metrics, showcasing effective management of its resources. This high score is significant as it reflects the organization’s transparency and responsible operations, allowing donors to feel confident in their contributions.
The nonprofit demonstrates a robust governance structure with a fully independent board, receiving top marks for its board composition and oversight. Additionally, policies regarding conflict of interest, whistleblower protections, and document retention are all well-established and listed, contributing to its high score in accountability. The organization also maintains a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its funding goes directly to its mission-driven programs.
While the data highlights the organization’s strengths in financial practices and governance, it is essential for potential supporters to consider how these practices translate into tangible impacts in the community it serves. Overall, Prince Of Peace Housing Inc is recognized for its strong operational standards, making it a reliable choice for donors looking to support effective nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Prince Of Peace Housing Inc legitimate?
Prince Of Peace Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince Of Peace Housing 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: $142,116
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What is the mission statement of Prince Of Peace Housing Inc?
Prince of Peace Housing Inc, as the owner of a HUD-subsidized apartment complex, is committed to providing affordable housing and related services to low-income elderly individuals. The organization's mission is to cater to the housing needs of this specific demographic, ensuring they have access to suitable living spaces within their financial means. The apartment complex in question, with 69 residential units, operates under Section 202 of the National Housing Act, benefiting from HUD Section 202 PRAC rent subsidy and HUD regulation. The organization's primary goal is to offer a sustainable living solution for elderly individuals who face income constraints, thereby enhancing their quality of life.
Who is the CEO of Prince Of Peace Housing Inc?
Harold L Bennett is the Director of Prince Of Peace Housing Inc.
What is the revenue of Prince Of Peace Housing Inc?
Prince Of Peace Housing Inc's revenue in 2023 was $561,162.
Who are the executives of Prince Of Peace Housing Inc and what are their salaries?
The average compensation at Prince Of Peace Housing Inc during 2023 was $47,372. There are 3 employees at Prince Of Peace Housing Inc.
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Where can I find the form 990 for Prince Of Peace Housing Inc?
Prince Of Peace Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Prince Of Peace Housing Inc
Prince of Peace Housing Inc, as an organization, is dedicated to providing affordable housing and related services for very low-income elderly individuals. They own and manage a HUD-subsidized apartment complex, whose primary objective is to cater to this specific demographic. The complex, which comprises 69 residential apartments, is supported by various funding sources, including Section 202 of the National Housing Act and a HUD Section 202 PRAC rent subsidy. This housing complex is regulated by the HUD, ensuring that the elderly residents can affordably maintain their living standards.
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Impact
July, 2024
Prince of Peace Housing Inc's impact is significant in providing affordable housing and related services to very low-income elderly individuals in Ormond Beach, Florida. Through its ownership of a HUD-subsidized apartment complex, the organization offers 69 residential apartments under Section 202 of the National Housing Act with HUD Section 202 PRAC rent subsidy. By ensuring these individuals have access to safe and affordable housing, Prince of Peace Housing Inc contributes to improving the quality of life and well-being of the elderly population in the community.
This information is meant to be a general summary of Prince Of Peace Housing 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 2023.
- Investment Income: $1,154
- Program Service Revenue: $252,271
- Gross Receipts: $561,162
Assets and Liabilities:
- Total Assets: $2,042,038
- Total Liabilities: $106,042
- Net Assets: $1,935,996
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANTS RENTS
Revenue
$252,271
Organization Details
Founding Year
1995
Phone
(386) 852-4537Principal Officer
Harold L Bennett
Main Address
664 S NOVA RD, ORMOND BEACH, FL, 32174
NTEE Category
Code: L21 - Housing
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