Overview
What is The Partnership Inc?
The Partnership Inc, located in Riviera Beach, Florida, is a dedicated nonprofit organization. Their primary focus is on the management and development of low-income supportive housing. They utilize this housing to provide office space for various non-profit organizations and offer essential social services within these managed facilities. The Partnership Inc's mission extends beyond just housing, aiming to uplift and support the community in a holistic manner.
Official website here: www.gotpi.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)**
The Partnership Inc has received a respectable score of 85%, reflecting solid accountability and financial management practices. The rating is based entirely on the Accountability & Finance beacon, where the organization excels particularly in areas such as independent board membership and financial audits. However, the absence of a whistleblower policy and the failure to post certain documents online could indicate areas for improvement.
Strengths include a very low liabilities-to-assets ratio of 2.13% and a high program expense ratio of 85.58%, showcasing that most of their funds directly support their programs. With an independent board comprising a majority, the charity demonstrates commitment to accountability, although the small number of independent board members is a noted limitation.
Currently, there are no user reviews available from GreatNonprofits, making it difficult to gauge public sentiment towards the organization. Overall, while The Partnership Inc presents strong financial health and positive governance indicators, addressing its policy gaps could enhance its operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Partnership Inc legitimate?
The Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Partnership 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: $1,003,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,028,179
For more financial information, click here
Official website here: www.gotpi.org
What is the mission statement of The Partnership Inc?
The Partnership Inc's mission lies in the management and development of low-income housing. This organization also provides office space for non-profit organizations and offers social services within these managed housing units. Their primary goal is to contribute to the betterment of the community by offering housing solutions for individuals with limited income, thereby enhancing their living conditions. Additionally, they facilitate the presence of non-profit organizations in these communities, ultimately strengthening the support system available to residents.
Official website here: www.gotpi.org
Who is the CEO of The Partnership Inc?
John Corbett is the Executive Director/Ceo of The Partnership Inc. The CEO's salary of The Partnership Inc is $571,903 and their total compensation is $580,556.
Official website here: www.gotpi.org
What is the revenue of The Partnership Inc?
The Partnership Inc's revenue in 2022 was $9,639,704.
Official website here: www.gotpi.org
Who are the executives of The Partnership Inc and what are their salaries?
Here are 6 key members and their salaries (The Partnership Inc's CEO's salary is $571,903 and their total compensation is $580,556):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $571,903
- Related: $0
- Other: $8,653
- Compensation: $269,543
- Related: $0
- Other: $37,387
- Compensation: $110,040
- Related: $0
- Other: $10,106
- Compensation: $134,949
- Related: $0
- Other: $0
Official website here: www.gotpi.org
Where can I find the form 990 for The Partnership Inc?
The Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gotpi.org
Learn more at the official website: www.gotpi.org
Mission Statement of The Partnership Inc
The Partnership Inc, as a non-profit organization, is committed to the management and development of low-income housing, providing office spaces for other charitable organizations. This mission extends beyond just real estate management, as they also incorporate social services into their managed housing. The primary goal is to create supportive living environments for individuals and families with limited financial resources. By offering housing programs, The Partnership Inc aims to contribute positively to the community, fostering an environment where non-profit organizations can thrive and provide essential services to those in need.
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Impact
July, 2024
The Partnership Inc has been instrumental in providing management and development of low-income supportive housing in Riviera Beach, FL. Its impact can be seen in the increased availability of affordable housing options for those in need. Additionally, the office spaces provided for nonprofit organizations help strengthen the local community by supporting the work of various social services. The organization's focus on housing programs management contributes to the overall well-being and stability of individuals and families in the area. By serving as a key player in the management and development of low-income housing, The Partnership Inc effectively addresses critical community needs and fosters a more inclusive and supportive environment.
This information is meant to be a general summary of The Partnership 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: $647,470
- Program Service Revenue: $8,724,021
- Gross Receipts: $37,674,449
Assets and Liabilities:
- Total Assets: $41,969,996
- Total Liabilities: $897,695
- Net Assets: $41,072,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT FEES
Revenue
$8,103,065
RENTAL SPACE FOR NON PROFIT CHILD
Revenue
$440,339
RESIDENT SERVICES AND ASSISTANCE
Revenue
$112,539
LOW-INCOME HOUSING RENTAL REVENUE
Revenue
$68,078
Organization Details
Founding Year
1994
Phone
(561) 655-6775Principal Officer
John Corbett
Main Address
2001 WEST BLUE HERON BLVD 201, RIVIERA BEACH, FL, 33404
Website
www.gotpi.orgNTEE Category
Code: L20 - Housing
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