Overview
What is Island Place Inc?
Island Place Inc, situated in Ferriday, Louisiana, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing solutions to elderly individuals with limited financial means. To achieve this, Island Place has developed a 16-unit apartment complex, specifically designed to cater to this demographic. The nonprofit's mission extends beyond providing a place to live, as it strives to make housing accessible for those who require it the most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating
Island Place Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 67% based solely on its Accountability & Finance metrics. This score indicates that while the organization demonstrates some level of financial responsibility, there is room for improvement in various areas of operation.
The nonprofit has notable strengths, including a fully independent board, with ten out of ten independent members, and no material diversion of assets reported. The organization also maintains transparency through documented board meeting minutes and exhibits a low liabilities-to-assets ratio of 4.58%, showcasing financial stability. However, its program expense ratio stands at 65.59%, which suggests that a significant portion of its funds may not be allocated directly to program services.
Despite these strengths, the overall score indicates that there are concerns regarding the effectiveness and impact of the organization’s financial management. Stakeholders might find it beneficial to look for further information on the nonprofit’s programmatic outcomes and overall operational efficacy to gain a complete picture of its performance.
This AI summary has been generated from information found on Charity Navigator.
Is Island Place Inc legitimate?
Island Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island Place 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: $19,870
For more financial information, click here
What is the mission statement of Island Place Inc?
Island Place Inc's mission is centered around providing affordable housing for elderly individuals with limited financial means. They achieve this through the operation of a 16-unit apartment complex, specifically designed for this purpose. The organization's primary goal is to ensure that elderly people have a place to call home, despite their financial constraints. Island Place Inc strives to make a positive impact in the lives of these individuals by providing them with a secure and comfortable living environment.
Who is the CEO of Island Place Inc?
Debra Walker is the Secretary of Island Place Inc.
What is the revenue of Island Place Inc?
Island Place Inc's revenue in 2023 was $83,524.
Who are the executives of Island Place Inc and what are their salaries?
The average compensation at Island Place Inc during 2023 was $9,935. There are 2 employees at Island Place Inc.
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Where can I find the form 990 for Island Place Inc?
Island Place Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Island Place Inc
Island Place Inc, as a nonprofit organization, is dedicated to providing affordable housing for elderly individuals with limited financial means. Their mission is brought to life through a 16-unit apartment complex, meticulously designed for this specific purpose. This housing program, under the umbrella of Island Place Inc, aims to address the housing needs of the elderly population who fall under the low-income bracket, thereby offering them a secure and comfortable living space.
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Impact
October, 2024
Island Place Inc significantly impacts the community by offering affordable housing solutions for low-income elderly residents in Ferriday, LA. With a specialized 16-unit apartment complex, it addresses the critical need for accessible living arrangements for seniors with limited financial means. This initiative not only provides shelter but also fosters a sense of community and belonging among its residents. By alleviating housing costs, Island Place Inc plays a vital role in enhancing the quality of life for elderly individuals, ensuring they can live with dignity and support as they age.
This information is meant to be a general summary of Island Place 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $154
- Program Service Revenue: $32,369
- Gross Receipts: $83,524
Assets and Liabilities:
- Total Assets: $554,584
- Total Liabilities: $25,443
- Net Assets: $529,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$32,369
Organization Details
Phone
(318) 757-2361Principal Officer
Debra Walker
Main Address
PO BOX 1793, FERRIDAY, LA, 71334
NTEE Category
Code: L20 - Housing
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