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Palm Court Senior Homes Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 680386802 ✦ San rafael, CA ✦ Designated as a 501(c)(3)

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Overview

What is Palm Court Senior Homes Inc?

Palm Court Senior Homes Inc is a nonprofit organization located in San Rafael, California, specifically at 22 Pelican Way. The primary mission of this organization is to contribute to the charitable activities and objectives of EAH Inc., a related California nonprofit public benefit corporation. To accomplish this, Palm Court Senior Homes Inc serves as a general partner and/or limited partner for three partnerships that provide a total of 56 units of low-income housing in San Rafael. This commitment to affordable housing reflects their dedication to supporting the community's senior population.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 52%, One-Star out of Four Stars

Palm Court Senior Homes Inc received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which raises questions about its governance structure. Additionally, key policies such as conflict of interest, whistleblower, and document retention are missing, contributing to its inadequate score in this area.

Despite these governance issues, the nonprofit does demonstrate a strong commitment to its mission as evidenced by a program expense ratio of 100%. This suggests that all of its expenses are directed towards the intended programs, reflecting a focus on service delivery. Furthermore, the organization has no noted material diversion of assets, which is a positive aspect of its financial management.

However, the absence of an independent board and missing key policies highlight significant areas needing improvement. The nonprofit's transparency is questioned further due to its website being listed as missing on tax forms, which may hinder donor confidence. Overall, while Palm Court Senior Homes Inc is effective in its program execution, it must address its governance and transparency issues to enhance its credibility and performance as a nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Palm Court Senior Homes Inc legitimate?

Palm Court Senior Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Court Senior 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: $0

For more financial information, click here

What is the mission statement of Palm Court Senior Homes Inc?

Palm Court Senior Homes Inc. is committed to fulfilling the charitable functions and purposes of EAH Inc., a related California nonprofit public benefit corporation. This commitment involves carrying out charitable activities to benefit the community. Specifically, Palm Court Senior Homes Inc. serves as a general partner or limited partner for three partnerships providing a total of 56 units of low-income housing. By doing so, the organization contributes to the provision of affordable living spaces for individuals in need.

Who is the CEO of Palm Court Senior Homes Inc?

Cathy Macy is the Secretary/Treas of Palm Court Senior Homes Inc.

What is the revenue of Palm Court Senior Homes Inc?

Palm Court Senior Homes Inc's revenue in 2022 was $34,179.

Who are the executives of Palm Court Senior Homes Inc and what are their salaries?


Here are 3 key members and their salaries:


Laura Hall (Secretary/Treas)
  • Compensation: $0
  • Related: $591,118
  • Other: $41,676
Welton Jordan (Vice President)
  • Compensation: $0
  • Related: $418,349
  • Other: $27,052
Cathy Macy (President)
  • Compensation: $0
  • Related: $372,185
  • Other: $39,392
Where can I find the form 990 for Palm Court Senior Homes Inc?

Palm Court Senior Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Palm Court Senior Homes Inc

Palm Court Senior Homes Inc, as a charitable organization, is dedicated to carrying out the charitable purposes of EAH Inc., a related California nonprofit public benefit corporation. In line with this mission, Palm Court Senior Homes Inc assumes various roles as a general partner and/or limited partner for three partnerships, providing a collective total of 56 units of low-income housing. By doing so, this nonprofit contributes to the provision of affordable living spaces for individuals in need, thereby fulfilling its charitable functions and serving its intended purpose.

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Impact




August, 2024

Palm Court Senior Homes Inc's impact lies in providing affordable housing for seniors in San Rafael, CA. By serving as a general partner and/or limited partner for three partnerships that offer a total of 56 units of low-income housing, Palm Court Senior Homes Inc plays a crucial role in addressing the housing needs of the elderly population in the area. This not only ensures that seniors have access to safe and affordable housing but also contributes to their overall well-being and quality of life.




This information is meant to be a general summary of Palm Court Senior 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.

Revenue
$34,179 (2022)
Expenses
$128,714 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,154
  • Gross Receipts: $34,179

Assets and Liabilities:

  • Total Assets: $831,534
  • Total Liabilities: $774,801
  • Net Assets: $56,733

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ALLOCABLE SHARE PS RENTS

Revenue

$1,154

Organization Details

Founding Year

1996

Principal Officer

Cathy Macy

Main Address

22 Pelican Way, San Rafael, CA, 94901

NTEE Category

Code: L80 - Housing

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