Overview
What is New Pilgrim Homes Inc?
New Pilgrim Homes Inc, located in Birmingham, Alabama, is a dedicated nonprofit organization with a commendable mission. Established with the primary goal of providing affordable housing, this organization caters specifically to the needs of low-income elderly individuals. The organization's activities are centered around ensuring that senior citizens have access to reasonably priced living accommodations, enhancing their quality of life in their golden years.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
New Pilgrim Homes Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in areas related to accountability and finance. With an overall score of 67%, the organization demonstrates strength in having a fully independent board and a solid program expense ratio, with 93.58% of its expenses directed towards its programs. This reflects a commitment to effectively utilizing resources for its mission.
However, the nonprofit faces significant challenges regarding its financial transparency and governance policies. Key missing elements include a conflict of interest policy, a whistleblower policy, and documentation of financial statements on its website. Additionally, a concerning liabilities to assets ratio of 151.66% suggests potential financial stability issues that need addressing.
In summary, while New Pilgrim Homes Inc shows strong programmatic focus, the lack of essential governance policies and transparency practices could undermine stakeholder confidence and overall effectiveness. Addressing these limitations will be crucial for the organization to improve its rating and enhance its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is New Pilgrim Homes Inc legitimate?
New Pilgrim Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Pilgrim Homes 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: $170,538
For more financial information, click here
What is the mission statement of New Pilgrim Homes Inc?
New Pilgrim Homes Inc was established with the mission to offer affordable housing options for low-income elderly individuals. The organization's primary goal is to provide a living space that is within financial reach for this specific demographic. By doing so, New Pilgrim Homes aims to contribute to the well-being and dignity of elderly individuals, ensuring they can live comfortably in their later years. The organization's focus on affordability is a testament to its commitment to supporting those who may be financially vulnerable, making a significant impact on their quality of life.
Who is the CEO of New Pilgrim Homes Inc?
Lynn Battle is the President of New Pilgrim Homes Inc.
What is the revenue of New Pilgrim Homes Inc?
New Pilgrim Homes Inc's revenue in 2023 was $1,499,048.
Who are the executives of New Pilgrim Homes Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Pilgrim Homes Inc?
New Pilgrim Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Pilgrim Homes Inc
New Pilgrim Homes Inc, a nonprofit organization, was established with a mission to provide affordable housing for low-income elderly individuals. This mission is geared towards ensuring that elderly people, who may be financially challenged, have access to decent living accommodations without breaking their budgets. By offering affordable housing, New Pilgrim Homes Inc aims to contribute positively to the well-being and independence of its elderly residents, allowing them to live with dignity and security.
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Impact
July, 2024
New Pilgrim Homes Inc provides a vital service by offering affordable housing to low-income elderly individuals in Birmingham, AL. Through its retirement home and senior housing program, the organization directly impacts the lives of seniors by providing them with a safe and secure place to call home. By addressing the pressing need for affordable housing in the community, New Pilgrim Homes Inc plays a crucial role in enhancing the quality of life for elderly individuals who may be facing financial challenges. Their work helps ensure that these individuals have access to a supportive and nurturing environment where they can age with dignity and comfort.
This information is meant to be a general summary of New Pilgrim Homes 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: $467
- Program Service Revenue: $1,498,581
- Gross Receipts: $1,499,048
Assets and Liabilities:
- Total Assets: $3,772,162
- Total Liabilities: $5,721,582
- Net Assets: -$1,949,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY FROM GVT AGENCY
Revenue
$979,699
PROGRAM SERVICE REVENUE
Revenue
$508,693
TENANT CHARGES
Revenue
$10,189
Organization Details
Founding Year
1980
Phone
(205) 933-1020Principal Officer
Lynn Battle
Main Address
1103 RICHARD ARRINGTON BLVD SOUTH, BIRMINGHAM, AL, 35205
NTEE Category
Code: L22 - Housing
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