Overview
What is Panorama West Inc?
Panorama West Inc is a nonprofit organization that specializes in offering housing solutions. Specifically, they provide 137 rental apartments tailored to the needs of low-income senior citizens, ensuring a comfortable living environment for its residents. This organization is committed to catering to the unique requirements of this demographic, making it an essential resource in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating. The organization has a solid accountability and finance score of 67, indicating some strengths in governance. Notably, Panorama West Inc scores well for having 100% independent board members and a strong financial ratio, indicating effective resource management with a low liabilities to assets ratio of 5.94%.
However, there are significant areas for improvement. The organization has not provided financial statements or posted required documents such as its tax form on its website. Additionally, policies related to conflict of interest, whistleblower protections, and document retention are missing, which could raise concerns regarding transparency and accountability.
Overall, while Panorama West Inc demonstrates effective program spending with a program expense ratio of 98.15%, the lack of key financial disclosures and governance policies limits its overall rating and could impact donor confidence. Enhancing transparency in its financial reporting and governance practices would be beneficial for the organization moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Panorama West Inc legitimate?
Panorama West Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Panorama West 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: $46,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,983
For more financial information, click here
What is the mission statement of Panorama West Inc?
Panorama West Inc, as a mission, focuses on providing 137 rental apartments for senior citizens with limited income. The organization is committed to meeting the unique needs of these seniors, ensuring they live in comfortable and suitable accommodations. By offering these apartments, Panorama West Inc contributes to enhancing the living conditions of this specific demographic, thereby promoting their well-being and quality of life.
Who is the CEO of Panorama West Inc?
Martha Moffitt is the President of Panorama West Inc.
What is the revenue of Panorama West Inc?
Panorama West Inc's revenue in 2022 was $987,897.
Who are the executives of Panorama West Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Panorama West Inc?
Panorama West Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Panorama West Inc
Panorama West Inc, a nonprofit organization, is dedicated to providing affordable housing for low-income senior citizens. Their mission is to offer 137 rental apartments that cater to the specific needs of this demographic, ensuring they enjoy comfortable living accommodations. The aim of Panorama West is to provide a sanctuary where senior citizens can reside with ease and dignity, fostering an environment that prioritizes their well-being.
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Impact
July, 2024
Panorama West Inc's impact can be seen in the provision of 137 rental apartments for low-income senior citizens in Covington, KY. By catering to the specific needs of this demographic, Panorama West ensures that seniors have access to comfortable living accommodations. This initiative helps to address the housing needs of low-income seniors, providing them with a secure and supportive environment in which to reside.
This information is meant to be a general summary of Panorama West 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: $585
- Program Service Revenue: $987,312
- Gross Receipts: $987,897
Assets and Liabilities:
- Total Assets: $1,986,904
- Total Liabilities: $134,748
- Net Assets: $1,852,156
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT-PROGRAM SERVICES
Revenue
$939,820
OTHER TENANT CHARGES
Revenue
$47,492
Organization Details
Founding Year
1969
Phone
(859) 581-4445Principal Officer
Martha Moffitt
Main Address
111 BRENT SPENCE SQ, COVINGTON, KY, 41011
NTEE Category
Code: L21Z - Housing
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