Overview
What is Pontchartrain Housing Corp Ii?
Pontchartrain Housing Corp II, doing business as River Road Apartments, is a nonprofit organization located at 3900 Howard Ave, New Orleans, LA 70125. Their primary mission is to provide affordable housing solutions for low-income, elderly, and handicapped individuals and families in the community. The organization serves as a vital resource, offering housing accommodations to those in need. While details on additional programs or services are not provided, it is clear that the organization's core focus is on providing housing opportunities for those who may face challenges in securing adequate housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Pontchartrain Housing Corp II, operating as River Road Apartments, has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The rating is based solely on a high accountability and finance score, indicating a commitment to transparency and responsible fiscal management.
The organization boasts a fully independent board, which enhances its governance structure, scoring a perfect 8 out of 8 points in this area. Additionally, River Road Apartments has demonstrated effective financial oversight with comprehensive audit practices, a strong program expense ratio of 99.34%, and no material diversion of assets, showcasing its commitment to using resources effectively for its mission.
While the organization has shown strong accountability practices, the summary does not provide insights into any programmatic outcomes or community impact, which are also important for evaluating a nonprofit’s overall effectiveness. However, the high scores in governance and financial health suggest a well-managed organization dedicated to its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Pontchartrain Housing Corp Ii legitimate?
Pontchartrain Housing Corp Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pontchartrain Housing Corp Ii 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.
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What is the mission statement of Pontchartrain Housing Corp Ii?
Pontchartrain Housing Corp II, doing business as River Road Apartments, is committed to providing housing solutions for low-income individuals, the elderly, and those with disabilities. The organization's mission is centered around offering suitable residences for these groups, ensuring they have access to comfortable and affordable living spaces. By providing housing, the organization aims to contribute positively to the well-being and independence of these vulnerable populations, thereby enhancing their quality of life.
Who is the CEO of Pontchartrain Housing Corp Ii?
Mr Ron Yager is the President of Pontchartrain Housing Corp Ii.
What is the revenue of Pontchartrain Housing Corp Ii?
Pontchartrain Housing Corp Ii's revenue in 2022 was $1,272,806.
Who are the executives of Pontchartrain Housing Corp Ii and what are their salaries?
Here are 21 key members and their salaries:
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Where can I find the form 990 for Pontchartrain Housing Corp Ii?
Pontchartrain Housing Corp Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pontchartrain Housing Corp Ii
Pontchartrain Housing Corp II dba River Road Apartments is an organization dedicated to providing housing solutions for individuals and families who fall under the categories of low-income, elderly, and disabled. This nonprofit organization's mission is geared towards making housing accessible and affordable for these specific groups, thereby contributing to their overall well-being. By offering housing opportunities, Pontchartrain Housing Corp II dba River Road Apartments aims to provide a sense of security and stability, allowing its residents to focus on other aspects of their lives, such as medical care, personal development, and social integration.
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Impact
July, 2024
Pontchartrain Housing Corp II Dba River Road Apartments provides essential housing for low-income, elderly, and handicapped individuals and families in New Orleans. By offering affordable housing options for these vulnerable populations, the organization helps to improve their quality of life, ensuring they have a safe and stable place to call home. This impact extends beyond just providing shelter, as it contributes to community stability and supports the overall well-being of these individuals and families.
This information is meant to be a general summary of Pontchartrain Housing Corp Ii. 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: -$814,700
- Program Service Revenue: $2,018,318
- Gross Receipts: $2,087,735
Assets and Liabilities:
- Total Assets: $11,488,056
- Total Liabilities: $5,716,890
- Net Assets: $5,771,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENT
Revenue
$1,941,364
LAUNDRY/VENDING
Revenue
$15,866
MISC
Revenue
$11,264
TENANT CHARGES
Revenue
$49,824
Organization Details
Founding Year
1987
Phone
(504) 830-3700Principal Officer
Mr Ron Yager
Main Address
3900 HOWARD AVE, NEW ORLEANS, LA, 70125
NTEE Category
Code: L20 - Housing
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