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Passman Plaza Inc

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

EIN: 721291568 ✦ Monroe, LA ✦ Designated as a 501(c)(3)

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Overview

What is Passman Plaza Inc?

Passman Plaza Inc is a nonprofit organization situated in Monroe, Louisiana, with an address at 300 Harrison Street. Their primary focus is on providing assisted living services for the elderly and individuals with disabilities. They achieve this mission by operating 40 units of government-assisted housing, specifically designed for this demographic. This housing initiative is a significant part of their exempt purpose, aiming to enhance the quality of life for those in need.

Is Passman Plaza Inc legitimate?

Passman Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Passman Plaza 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: $50,280

For more financial information, click here

What is the mission statement of Passman Plaza Inc?

Passman Plaza Inc's mission is centered around providing government-assisted housing for the elderly and individuals with disabilities. This organization operates 40 such units to fulfill its exempt purpose. In essence, Passman Plaza Inc's mission is to offer assisted living services to this specific demographic, aiming to enhance their quality of life. The organization's activities are primarily focused on this exempt purpose, providing a supportive living environment for these individuals.

Who is the CEO of Passman Plaza Inc?

Joe Farr is the President of Passman Plaza Inc.

What is the revenue of Passman Plaza Inc?

Passman Plaza Inc's revenue in 2023 was $196,977.

Who are the executives of Passman Plaza Inc and what are their salaries?


Here are 9 key members and their salaries:


Patricia Gix (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hal Hinchliffe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gladys Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Isaiah Woods (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Farmer (Secretary-Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Farr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loretta Hudson (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Smart (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Passman Plaza Inc?

Passman Plaza Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Passman Plaza Inc

Passman Plaza Inc, a nonprofit organization, is committed to serving the elderly and handicapped community by providing them with government-assisted housing. Operating 40 units, this organization carries out its exempt purpose with dedication and care. By offering assisted living, Passman Plaza Inc ensures that its residents have a safe and supportive environment to call home. The organization's mission is to provide a living space that caters to the unique needs of its elderly and handicapped residents, enabling them to live with dignity and independence.

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Impact




October, 2024

Passman Plaza Inc plays a vital role in the community by providing 40 units of government-assisted housing specifically designed for the elderly and handicapped populations in Monroe, Louisiana. This initiative directly addresses the critical need for accessible living options for vulnerable groups, ensuring they have a safe and supportive environment to call home.

Through its operations, Passman Plaza Inc enhances the quality of life for its residents by offering assisted living services tailored to meet the unique needs of the elderly and handicapped. By creating an inclusive community, the organization not only facilitates independent living but also promotes social interaction and support among residents.

The impact of Passman Plaza Inc extends beyond just housing; it contributes to the overall well-being of the community by fostering a sense of security and belonging for its residents. By alleviating housing challenges faced by the elderly and handicapped, the organization plays a crucial role in promoting dignity, autonomy, and stability for some of the most vulnerable members of society.




This information is meant to be a general summary of Passman Plaza 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
$196,977 (2023)
Expenses
$238,081 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3,416
  • Program Service Revenue: $193,561
  • Gross Receipts: $196,977

Assets and Liabilities:

  • Total Assets: $1,536,337
  • Total Liabilities: $2,300,629
  • Net Assets: -$764,292

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Programs

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

RENTAL INCOME

Revenue

$97,586

HUD PROJECT RENTAL ASSISTANCE

Revenue

$92,512

TENANT CHARGES

Revenue

$3,463

Organization Details

Founding Year

1994

Principal Officer

Joe Farr

Main Address

300 HARRISON STREET, MONROE, LA, 71201

NTEE Category

Code: L22Z - Housing

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