Overview
What is Park Place Corporation?
Park Place Corporation is a nonprofit organization situated in Birmingham, Alabama, dedicated to addressing the housing needs of low-income families. They achieve this by offering affordable rentals and providing HUD housing specifically designed for mentally ill adults. The organization operates under the guidance of HUD section 202 mortgages and HUD section 8 HAP rental income, ensuring a stable and secure living environment for those who require it most. Park Place Corporation's mission is centered around the provision of affordable housing solutions, aiming to make a positive impact on the community in Birmingham, Alabama.
Is Park Place Corporation legitimate?
Park Place Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Place Corporation 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
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What is the mission statement of Park Place Corporation?
Park Place Corporation's mission revolves around providing affordable housing solutions. Specifically, they offer rentals for low-income families and also provide HUD housing for mentally ill adults. Their operations are facilitated through HUD section 202 mortgages and HUD section 8 HAP rental income. The corporation's primary objective is to make a significant impact in the lives of those with limited financial resources, contributing to a more equitable housing landscape.
Who is the CEO of Park Place Corporation?
Mary-Claire Weeks is the Board Member of Park Place Corporation.
What is the revenue of Park Place Corporation?
Park Place Corporation's revenue in 2023 was $98,750.
Who are the executives of Park Place Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Park Place Corporation?
Park Place Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Park Place Corporation
Park Place Corporation, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income families. They accomplish this mission by offering rental properties and providing HUD housing specifically designed for mentally ill adults. The corporation operates under two programs, HUD section 202 mortgage and HUD section 8 HAP rental income, which further aid in their mission to cater to the housing needs of those with limited financial resources. By focusing on this crucial aspect, Park Place Corporation aims to make a significant impact in the lives of those in need, ensuring they have a secure place to call home.
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Impact
October, 2024
Park Place Corporation significantly impacts the Birmingham, AL community by providing essential low-income housing solutions. By offering rentals that cater specifically to low-income families and mentally ill adults, the organization addresses critical housing needs in the region. Utilizing HUD programs, such as Section 202 and Section 8, Park Place ensures that vulnerable populations have access to safe and affordable living conditions. This commitment not only helps to alleviate homelessness but also fosters stability and promotes overall well-being among residents. In a city where affordable housing is a pressing concern, Park Place Corporation plays a vital role in enhancing the quality of life for many families.
This information is meant to be a general summary of Park Place Corporation. 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: $95
- Program Service Revenue: $98,655
- Gross Receipts: $98,750
Assets and Liabilities:
- Total Assets: $182,252
- Total Liabilities: $189,135
- Net Assets: -$6,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$42,836
Organization Details
Founding Year
1991
Phone
(205) 970-1331Principal Officer
Mary-Claire Weeks
Main Address
150 GLENWOOD LANE, BIRMINGHAM, AL, 35242
NTEE Category
Code: L21Z - Housing
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