Overview
What is Puritan Organized Labor Senior House Inc?
Puritan Organized Labor Senior House Inc is a nonprofit organization situated in Louisville, Kentucky, specifically at 1244 S 4th Street. Their primary mission is to offer residential housing to low-income elderly and handicapped individuals. They have sold their property as of December 31, 2019, but they continue to own the land, maintaining their commitment to providing housing for this demographic. The organization operates a housing project specifically designed for the elderly and handicapped, demonstrating their dedication to supporting vulnerable populations in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Puritan Organized Labor Senior House Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in financial health and accountability. With an Accountability & Finance Score of 75, the organization demonstrates a commitment to transparency and effective management of its resources. The nonprofit boasts a fully independent board, with all members meeting the criteria for independence, which enhances its governance structure.
The financial metrics are particularly impressive, including a 0.00% liabilities to assets ratio, suggesting that the organization is operating without debt. Additionally, it has an exceptional program expense ratio of 100%, indicating that all of its resources are being allocated to its programs rather than administrative costs. This strong focus on programmatic spending highlights the organization's dedication to its mission.
However, while the organization shows strengths in governance and financial management, the overall rating suggests there may be areas for improvement to enhance its impact further. The rating reflects a balance of strengths and limitations, signaling that while the nonprofit operates well, continuous efforts are needed to maintain and improve its performance in the competitive nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Puritan Organized Labor Senior House Inc legitimate?
Puritan Organized Labor Senior House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Puritan Organized Labor Senior House 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: $0
For more financial information, click here
What is the mission statement of Puritan Organized Labor Senior House Inc?
Puritan Organized Labor Senior House Inc is committed to providing residential housing for low-income elderly and handicapped individuals. The organization owns and operates a housing project with this specific focus. Their mission is centered around offering a home to those who may not otherwise have access to such accommodations due to their financial situation or physical limitations. Despite selling the property on December 31, 2019, the organization continues to own the land for the purpose of providing residential housing to this demographic.
Who is the CEO of Puritan Organized Labor Senior House Inc?
Ken Koch is the President of Puritan Organized Labor Senior House Inc.
What is the revenue of Puritan Organized Labor Senior House Inc?
Puritan Organized Labor Senior House Inc's revenue in 2022 was $634,585.
Who are the executives of Puritan Organized Labor Senior House Inc and what are their salaries?
There 6 volunteers at Puritan Organized Labor Senior House Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Puritan Organized Labor Senior House Inc?
Puritan Organized Labor Senior House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Puritan Organized Labor Senior House Inc
Puritan Organized Labor Senior House Inc, a nonprofit organization, is committed to providing residential housing for individuals who are elderly or have disabilities and fall under the category of low-income earners. The organization's mission is to offer a safe and comfortable living space for these individuals, ensuring they have access to essential amenities within their means. Despite selling the property at the end of 2019, Puritan Organized Labor Senior House Inc continues to own the land, demonstrating their dedication to providing housing solutions for the elderly and handicapped population. The organization's primary focus lies in ensuring that these vulnerable individuals have a secure and comfortable place to call home.
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Impact
July, 2024
Puritan Organized Labor Senior House Inc has had a significant impact on the community by providing residential housing to low-income elderly and handicapped individuals. Through its housing project, the organization has served as a vital resource for those in need of affordable and supportive living arrangements. By owning and operating this housing project, Puritan Organized Labor Senior House Inc has helped improve the quality of life for many individuals in Louisville, KY. Their mission to provide housing for those in need reflects their commitment to supporting vulnerable populations and contributing positively to the community.
This information is meant to be a general summary of Puritan Organized Labor Senior House 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.
- Program Service Revenue: $634,585
- Gross Receipts: $634,585
Assets and Liabilities:
- Total Assets: $19,236,802
- Total Liabilities: $939
- Net Assets: $19,235,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON NOTE RECEI
Revenue
$543,071
LAND LEASE
Revenue
$91,514
Organization Details
Founding Year
1977
Phone
(502) 634-9830Principal Officer
Ken Koch
Main Address
1244 S 4TH STREET, LOUISVILLE, KY, 40203
NTEE Category
Code: L22 - Housing
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