Overview
What is Ryder Assisted Care Iii Inc?
Ryder Assisted Care III Inc is a nonprofit organization located in Humacao, Puerto Rico. Their primary focus is to provide housing for individuals with disabilities, catering to a low-income demographic. They manage a 20-unit apartment facility, which falls under Section 811 of the National Housing Act of 1990 and is regulated by the US Department of Housing and Urban Development (HUD). The organization operates with a high occupancy rate, averaging 99.8% throughout the year. With a modest workforce of two employees, Ryder Assisted Care III Inc is committed to providing suitable living conditions for this vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Ryder Assisted Care III Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating is based solely on their accountability and finance metrics, indicating a strong commitment to transparency and responsible financial practices. The organization scored particularly well in areas such as independent board membership and the absence of material asset diversion.
The organization has achieved a near-perfect score for its accountability measures, with a fully independent board and no reported issues regarding conflict of interest. Additionally, they maintain solid financial health, as evidenced by a low liabilities to assets ratio and a high program expense ratio, where 85.01% of expenses are directed towards their programs.
While the organization demonstrates strong governance and financial practices, the rating is based solely on accountability and finance metrics. There are no additional assessments of effectiveness or community impact reflected in this score, which could provide a more comprehensive view of the nonprofit's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Ryder Assisted Care Iii Inc legitimate?
Ryder Assisted Care Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ryder Assisted Care Iii 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: $20,406
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ryder Assisted Care Iii Inc?
Ryder Assisted Care III Inc is dedicated to serving low-income individuals with disabilities. Their primary mission is to provide housing, specifically with 20 units, designed to cater to this specific group. This organization operates under the guidelines set by Section 811 of the National Housing Act of 1990, overseen by the US Department of Housing and Urban Development (HUD). The focus is on ensuring reasonable rental charges and adhering to specified operating methods, as regulated by HUD. The project's occupancy rate during the year averaged an impressive 99.8%.
Who is the CEO of Ryder Assisted Care Iii Inc?
Jose R Feliciano is the Director of Ryder Assisted Care Iii Inc.
What is the revenue of Ryder Assisted Care Iii Inc?
Ryder Assisted Care Iii Inc's revenue in 2022 was $213,769.
Who are the executives of Ryder Assisted Care Iii Inc and what are their salaries?
The average compensation at Ryder Assisted Care Iii Inc during 2022 was $10,203. There are 2 employees at Ryder Assisted Care Iii Inc.
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Where can I find the form 990 for Ryder Assisted Care Iii Inc?
Ryder Assisted Care Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ryder Assisted Care Iii Inc
Ryder Assisted Care III Inc is committed to providing housing solutions for individuals with disabilities who fall under the low-income bracket. Their mission is to create a living environment that caters specifically to this population, offering 20 units of apartment facilities. This project, overseen by the US Department of Housing and Urban Development (HUD), is regulated in terms of rental charges and operating methods under Section 811 of the National Housing Act of 1990. The organization's focus on accommodating individuals with disabilities is evident in its consistent high occupancy rate, reaching an average of 99.8% during the year.
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Impact
October, 2024
Ryder Assisted Care III Inc significantly impacts the lives of low-income individuals with disabilities in Humacao, Puerto Rico, by providing essential housing resources. Its 20-unit apartment facility offers a safe and stable living environment, crucial for those facing financial and physical challenges. The project operates under Section 811 of the National Housing Act, ensuring that residents have access to affordable rental options regulated by the U.S. Department of Housing and Urban Development (HUD). With an impressive average occupancy rate of 99.8%, it demonstrates a consistent demand for this vital service. By enabling individuals with disabilities to reside in accessible housing, Ryder Assisted Care III Inc fosters greater independence and quality of life, helping to create a supportive community for its residents.
This information is meant to be a general summary of Ryder Assisted Care Iii 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: $142
- Program Service Revenue: $35,431
- Gross Receipts: $213,769
Assets and Liabilities:
- Total Assets: $1,284,499
- Total Liabilities: $18,823
- Net Assets: $1,265,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE - RENT
Revenue
$35,431
Organization Details
Founding Year
1997
Phone
(787) 852-0768Principal Officer
Jose R Feliciano
Main Address
PO Box 859, Humacao, PR, 009720859
NTEE Category
Code: L22 - Housing
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