Overview
What is Rayne Elderly Housing Corporation?
Rayne Elderly Housing Corporation is a nonprofit organization, specifically dedicated to providing affordable housing for the elderly and individuals with disabilities. Situated at 1200 South Pine Island Road STE 725, Plantation, Florida 33324, the corporation's primary mission is overseen and supported by the Department of Housing and Urban Development (HUD). With a modest workforce of three employees, the corporation operates Leisure Lane Apartments, where they offer a supportive living environment for their residents. Their mission is to ensure that these individuals have access to safe and comfortable housing, enhancing their overall quality of life.
Official website here: www.ehdoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Rayne Elderly Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. While the organization excels in several areas, such as having a completely independent board and no material diversion of assets, it falls short in governance practices, specifically lacking essential policies for conflict of interest, whistleblower protections, and document retention.
In terms of financial health, the charity maintains a favorable liabilities to assets ratio at 13.06% and demonstrates a solid program expense ratio of 67.11%, suggesting that a significant portion of its funds is directed towards its mission. However, the absence of key governance policies raises concerns about transparency and risk management.
Overall, while Rayne Elderly Housing Corporation shows strength in financial performance and board independence, the missing governance policies are notable weaknesses that could impact its overall effectiveness and reputation. It would be beneficial for the organization to address these areas to enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Rayne Elderly Housing Corporation legitimate?
Rayne Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rayne Elderly Housing Corporation 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: $25,284
For more financial information, click here
Official website here: www.ehdoc.org
What is the mission statement of Rayne Elderly Housing Corporation?
The Rayne Elderly Housing Corporation is dedicated to providing affordable housing for the elderly and individuals with disabilities. This organization operates under the guidance and assistance of the Department of Housing and Urban Development (HUD). Their primary mission is to ensure that these vulnerable groups have a safe and comfortable living environment. The corporation's operations are regulated by HUD, ensuring compliance with necessary standards and providing essential support for its residents.
Official website here: www.ehdoc.org
Who is the CEO of Rayne Elderly Housing Corporation?
Melanie Ribeiro is the Director of Rayne Elderly Housing Corporation.
Official website here: www.ehdoc.org
What is the revenue of Rayne Elderly Housing Corporation?
Rayne Elderly Housing Corporation's revenue in 2022 was $186,849.
Official website here: www.ehdoc.org
Who are the executives of Rayne Elderly Housing Corporation and what are their salaries?
The average compensation at Rayne Elderly Housing Corporation during 2022 was $8,428. There are 3 employees at Rayne Elderly Housing Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $346,895
- Other: $110,937
- Compensation: $0
- Related: $24,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ehdoc.org
Where can I find the form 990 for Rayne Elderly Housing Corporation?
Rayne Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ehdoc.org
Learn more at the official website: www.ehdoc.org
Mission Statement of Rayne Elderly Housing Corporation
Rayne Elderly Housing Corporation is dedicated to providing affordable housing solutions for the elderly and individuals with disabilities. Regulated and supported by the Department of Housing and Urban Development (HUD), this organization plays a crucial role in ensuring that these vulnerable populations have access to safe and comfortable living spaces. The corporation's mission is centered around the operation of low-income housing, providing a much-needed service that caters to the unique needs of this demographic. This mission is carried out with the guidance and oversight of HUD, ensuring compliance with relevant regulations and upholding the highest standards of care.
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Impact
October, 2024
Rayne Elderly Housing Corporation provides crucial low-income housing for the elderly and handicapped, significantly improving the quality of life for its residents. By offering safe, affordable living options in Plantation, FL, the organization addresses a pressing need in the community, particularly for vulnerable populations who may otherwise struggle to find suitable housing.
Through its operation, Rayne Elderly Housing Corporation ensures that residents receive the support and resources necessary to thrive in a community-oriented environment. Its relationship with the Department of Housing and Urban Development (HUD) helps maintain regulatory compliance and access to additional assistance, further enhancing the living conditions for its tenants. The corporation's commitment to serving the elderly and handicapped population creates a positive ripple effect, fostering a sense of belonging and stability among its residents while promoting inclusivity within the broader community.
This information is meant to be a general summary of Rayne Elderly Housing Corporation. 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: $1,888
- Program Service Revenue: $184,961
- Gross Receipts: $186,849
Assets and Liabilities:
- Total Assets: $985,949
- Total Liabilities: $128,852
- Net Assets: $857,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$127,897
TENANT RENT
Revenue
$57,064
Organization Details
Founding Year
1996
Phone
(954) 835-9200Principal Officer
Melanie Ribeiro
Main Address
1200 SOUTH PINE ISLAND ROAD STE 725, PLANTATION, FL, 33324
Website
www.ehdoc.orgNTEE Category
Code: L22Z - Housing
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