Overview
What is Pontchartrain Housing Corp Iii?
Pontchartrain Housing Corp III, doing business as Timber Ridge Apartments, is a nonprofit organization situated in New Orleans, Louisiana. Its primary mission is to provide affordable housing options for elderly and disabled individuals, serving as a public housing facility. Through its low income housing programs, Timber Ridge Apartments aims to enhance the living conditions of those in need, contributing to a more inclusive and supportive community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Pontchartrain Housing Corp III dba Timber Ridge Apartments has received a high rating of 94% from Charity Navigator, indicating strong performance in its accountability and finance practices. This score reflects the organization's commitment to transparency and effective management of funds, which is crucial for donor trust and support. The rating is primarily based on the Accountability & Finance score, showcasing the organization’s dedication to maintaining high standards in these areas.
The organization boasts a fully independent board of directors, with all members meeting the criteria for independence. This structure likely contributes to robust governance and oversight, ensuring that the organization adheres to its mission effectively. Additionally, Timber Ridge Apartments demonstrates excellent fiscal management, as evidenced by their low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of their funds is directed towards programs rather than administrative costs.
While the data points to several strengths, it is important for potential donors to remain informed about any broader operational challenges or community needs that may not be reflected solely in financial metrics. Nonetheless, based on the available information, Timber Ridge Apartments seems to be a well-managed nonprofit organization focused on accountability and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Pontchartrain Housing Corp Iii legitimate?
Pontchartrain Housing Corp Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pontchartrain Housing Corp Iii 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Pontchartrain Housing Corp Iii?
Pontchartrain Housing Corp III, doing business as Timber Ridge Apartments, is dedicated to providing low-income housing opportunities. Specifically, they offer housing programs for the elderly and individuals with disabilities, functioning as a public facility. Their mission is centered around making affordable housing options accessible to those in need. By offering such housing, Timber Ridge Apartments aims to contribute to a more inclusive and equitable community.
What is the revenue of Pontchartrain Housing Corp Iii?
Pontchartrain Housing Corp Iii's revenue in 2024 was $905,477.
Who are the executives of Pontchartrain Housing Corp Iii 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 Iii?
Pontchartrain Housing Corp Iii's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pontchartrain Housing Corp Iii
Pontchartrain Housing Corp III, doing business as Timber Ridge Apartments, is committed to providing low-income housing solutions. This nonprofit organization offers housing programs specifically tailored for elderly and handicapped individuals, operating as a public housing facility in Louisiana. Timber Ridge Apartments aims to make housing accessible and affordable for those who may face challenges in securing suitable living accommodations due to their age or disability. The organization's mission is to contribute to the well-being of its residents, providing them with a secure and comfortable living environment.
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Impact
July, 2024
Pontchartrain Housing Corp III, doing business as Timber Ridge Apartments, provides essential low-income housing programs for elderly and handicapped individuals in New Orleans, LA. Their impact is significant as they offer a crucial service to those in need, ensuring that vulnerable populations have access to safe and affordable housing options. Timber Ridge Apartments plays a vital role in addressing housing insecurity and improving the quality of life for many residents in the community.
This information is meant to be a general summary of Pontchartrain Housing Corp Iii. 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 2024.
- Investment Income: $61,386
- Program Service Revenue: $852,741
- Gross Receipts: $7,815,866
Assets and Liabilities:
- Total Assets: $10,256,527
- Total Liabilities: $3,914,526
- Net Assets: $6,342,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENT
Revenue
$821,936
LAUNDRY AND VENDING
Revenue
$23,252
MISCELLANEOUS
Revenue
$7,553
Organization Details
Founding Year
1987
Principal Officer
Ron Yager
NTEE Category
Code: L20 - Housing
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