Overview
What is Partnership Housing Inc?
Partnership Housing Inc, located in Booneville, Kentucky, is a small-scale nonprofit organization with a dedicated workforce of two individuals. Their primary mission is to provide affordable housing and foster home ownership in Owsley County, Kentucky. Through their efforts, they aim to ensure that residents have access to safe and high-quality housing facilities within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Partnership Housing Inc has received an overall rating of 85% from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates strong governance with a fully independent board, ensuring that all members are free from conflicts of interest. Their financial oversight is robust, with no reported material diversion of assets and a comprehensive audit committee in place.
The charity excels in allocating its resources effectively, achieving a program expense ratio of 96.08%, which reflects its commitment to maximizing the impact of funds directed towards its mission. Additionally, the organization maintains well-documented meeting minutes and upholds policies related to conflict of interest and document retention, contributing to its transparency.
However, there are areas for improvement, particularly regarding the liabilities to assets ratio, which stands at 57.12%. This suggests that while the organization is managing its finances well, it may still have a significant amount of liabilities relative to its assets, which could pose a risk in the long term. Overall, Partnership Housing Inc shows a commendable dedication to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership Housing Inc legitimate?
Partnership Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership 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: $96,943
For more financial information, click here
What is the mission statement of Partnership Housing Inc?
Partnership Housing Inc is committed to providing safe and quality housing, with a focus on increasing home ownership in a specific county. Their mission is to make affordable housing available in the area, striving to enhance the living conditions of its residents. The organization works towards this goal by offering quality housing solutions, aiming to expand opportunities for home ownership within the community.
Who is the CEO of Partnership Housing Inc?
Cassie Hudson is the Executive Director of Partnership Housing Inc.
What is the revenue of Partnership Housing Inc?
Partnership Housing Inc's revenue in 2022 was $3,196,937.
Who are the executives of Partnership Housing Inc and what are their salaries?
The average compensation at Partnership Housing Inc during 2022 was $48,472. There are 2 employees at Partnership Housing Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Partnership Housing Inc?
Partnership Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Partnership Housing Inc
Partnership Housing Inc, as a nonprofit organization, is committed to providing safe and quality housing and promoting home ownership in Owsley County, Kentucky. Their mission is twofold: firstly, they strive to offer affordable housing solutions in the Owsley County, Kentucky area. Secondly, they are dedicated to increasing the number of homeowners within the community. By providing affordable housing, Partnership Housing Inc aims to enhance the living conditions of the local residents, thereby contributing to a better quality of life. Their mission is a testament to their commitment to improving the community and providing a stable living environment for its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Partnership Housing Inc's impact lies in providing safe and quality housing while increasing homeownership in Owsley County, Kentucky. By offering affordable housing options in the Booneville area, they are directly contributing to the community's well-being and stability. Their mission to enhance the housing situation in Owsley County underscores their commitment to improving the lives of residents and fostering a sense of ownership and security within the community.
This information is meant to be a general summary of Partnership 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 2022.
- Investment Income: $200
- Gross Receipts: $3,196,937
Assets and Liabilities:
- Total Assets: $7,204,519
- Total Liabilities: $4,115,834
- Net Assets: $3,088,685
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Principal Officer
Cassie Hudson
Main Address
PO BOX 236, BOONEVILLE, KY, 41314
NTEE Category
Code: L21 - Housing
If you are a representative of Partnership Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.