Overview
What is Purchase Community Housing Development Corp?
Purchase Community Housing Development Corp is a nonprofit organization situated in Mayfield, Kentucky. Its primary mission is to offer decent and affordable housing facilities and services to lower-income families, the elderly, handicapped, and other individuals in need within its service area in Kentucky. The organization strives to fulfill this mission by providing affordable housing options, ensuring that these families, seniors, and individuals with disabilities have a secure place to live.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Purchase Community Housing Development Corp has received a Two-Star rating from Charity Navigator, reflecting a score of 73%. The organization's strong points include a fully independent board, a zero percent liabilities to assets ratio, and a high program expense ratio of nearly 90%, indicating a significant portion of its resources is dedicated to programs rather than administrative costs.
However, the organization also has notable weaknesses. It lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are essential for transparency and accountability. These missing elements have contributed to its lower score in the accountability and finance category.
Additionally, aspects of the charity’s impact, culture, community engagement, and leadership adaptability have not been scored, leaving gaps in the overall assessment of its effectiveness and mission fulfillment. Addressing these issues could enhance its rating and improve stakeholder confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Purchase Community Housing Development Corp legitimate?
Purchase Community Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purchase Community Housing Development Corp 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 Purchase Community Housing Development Corp?
Purchase Community Housing Development Corp's mission is centered around providing decent and affordable housing options for lower-income families, the elderly, handicapped individuals, and other persons in need. This organization strives to make housing accessible and affordable within its operational region, offering not just housing facilities but also essential services. The corporation's efforts are geared towards enhancing the living conditions of these vulnerable groups, contributing to a more equitable society.
Who is the CEO of Purchase Community Housing Development Corp?
Jeremy Buchanan is the Chairman of Purchase Community Housing Development Corp.
What is the revenue of Purchase Community Housing Development Corp?
Purchase Community Housing Development Corp's revenue in 2023 was $43,091.
Who are the executives of Purchase Community Housing Development Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Purchase Community Housing Development Corp?
Purchase Community Housing Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Purchase Community Housing Development Corp
Purchase Community Housing Development Corp, as a leading nonprofit organization, is dedicated to providing decent and affordable housing solutions for lower-income families, the elderly, handicapped, and other vulnerable individuals. Its mission is to create an inclusive community where everyone has access to suitable housing facilities and services, thereby enabling them to live with dignity and independence. The corporation's activities focus on meeting the housing needs of its target population, ensuring they have a secure and affordable place to call home. Purchase Community Housing Development Corp's mission is a testament to its commitment to promoting social equity and ensuring that every individual has the opportunity to live a life free from housing insecurity.
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Impact
August, 2024
Purchase Community Housing Development Corp's impact is significant in providing lower-income families, the elderly, handicapped individuals, and others with decent and affordable housing facilities and services throughout the Purchase region of Kentucky. Through their mission to offer affordable housing, they are making a tangible difference in the lives of individuals who may otherwise struggle to find suitable living arrangements. Their work directly addresses the pressing need for accessible housing options for vulnerable populations in the community, ultimately enhancing overall quality of life and promoting inclusivity.
This information is meant to be a general summary of Purchase Community Housing Development Corp. 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: $43,911
- Gross Receipts: $44,107
Assets and Liabilities:
- Total Assets: $460
- Total Liabilities: $0
- Net Assets: $460
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Organization Details
Founding Year
1996
Phone
(270) 251-6121Principal Officer
Jeremy Buchanan
Main Address
PO BOX 588, MAYFIELD, KY, 420660588
NTEE Category
Code: L20 - Housing
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