Overview
What is Providence Housing Corporation?
Providence Housing Corporation is a nonprofit organization situated in New Orleans, Louisiana, specifically at 3939 Gentilly Blvd, 70126. Their primary mission is to offer housing accommodations for 2200 seminary students and staff at the New Orleans Baptist Theological Seminary. By providing a residential space, the corporation aims to support the educational journey of these individuals, contributing to the growth and development of the theological community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Providence Housing Corporation has achieved a Three-Star rating on Charity Navigator, indicating a solid level of accountability and financial health. The score reflects high marks in areas like independent board member representation and comprehensive financial oversight, showcasing the organization’s commitment to transparent governance and ethical practices.
The organization has a fully independent board comprising 12 members, and it has been recognized for having no material diversion of assets. They also maintain a strong conflict of interest policy, a whistleblower policy, and ensure proper document retention and meeting documentation, which all contribute to a robust operational framework.
One standout feature is the program expense ratio, which is exceptionally high at 99.84%, indicating that nearly all funds are directed toward programs rather than administrative costs. However, while the organization excels in these governance aspects, the overall rating does suggest room for improvement in other areas that could enhance its impact and public perception further.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Housing Corporation legitimate?
Providence Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence 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.
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What is the mission statement of Providence Housing Corporation?
The Providence Housing Corporation is committed to providing housing for students pursuing their studies at the New Orleans Baptist Theological Seminary. Its mission is centered around accommodating approximately 2,200 seminary students and staff, ensuring they have a suitable living space during their academic journey. This organization's primary objective is to support the educational endeavors of these students by offering comfortable housing facilities.
Who is the CEO of Providence Housing Corporation?
Brett Allen is the President of Providence Housing Corporation.
What is the revenue of Providence Housing Corporation?
Providence Housing Corporation's revenue in 2023 was $3,667,120.
Who are the executives of Providence Housing Corporation and what are their salaries?
There 12 volunteers at Providence Housing Corporation.
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Where can I find the form 990 for Providence Housing Corporation?
Providence Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Providence Housing Corporation
Providence Housing Corporation, a nonprofit organization, is dedicated to providing housing solutions for individuals pursuing their theological studies. Specifically, it caters to the needs of 2,200 seminary students and staff at the New Orleans Baptist Theological Seminary. The corporation's mission is centered around ensuring these students have a suitable living environment during their academic journey, thereby contributing to the growth and development of future religious leaders.
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Impact
July, 2024
Providence Housing Corporation's impact is centered on providing essential housing for seminary students at New Orleans Baptist Theological Seminary. By offering accommodation for 2,200 students and staff members, this organization plays a vital role in supporting the educational pursuits of those studying at the seminary. Through their mission to provide housing, Providence Housing Corporation ensures that students have a safe and conducive living environment, enabling them to focus on their academic and personal growth. This impact contributes to the overall success and well-being of the seminary community in New Orleans.
This information is meant to be a general summary of Providence 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 2023.
- Investment Income: $7,480
- Program Service Revenue: $3,659,640
- Gross Receipts: $3,667,120
Assets and Liabilities:
- Total Assets: $31,508,699
- Total Liabilities: $32,844,973
- Net Assets: -$1,336,274
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINARY HOUSING
Revenue
$3,659,640
Organization Details
Founding Year
1954
Phone
(504) 816-8577Principal Officer
Brett Allen
Main Address
3939 GENTILLY BLVD, NEW ORLEANS, LA, 70126
NTEE Category
Code: L25Z - Housing
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