Overview
What is Pinemont Incorporated?
Pinemont Incorporated is a nonprofit organization situated in Houston, Texas, specifically at 6000 Pinemont. Their primary mission is to provide safe and affordable housing for a minimum of 130 elderly and handicapped individuals who fall under low-income housing guidelines. Their project, designated as Section 202/8, aims to cater to this specific demographic, ensuring they have a comfortable living space. With a team of 7 dedicated employees, Pinemont Incorporated is committed to enhancing the lives of vulnerable individuals in their community.
Official website here: www.thepinemontapartments.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Pinemont Incorporated has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts strengths in its independent board composition, with 100% of board members being independent, and it has good financial auditing practices. Additionally, it has a strong program expense ratio of 89.44%, suggesting that a significant portion of its resources is directed towards its programs.
However, the organization has notable weaknesses that have impacted its overall rating. It is lacking critical policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are essential for good governance. Furthermore, the organization's liabilities to assets ratio is above 100%, which raises concerns about its financial stability.
Overall, Pinemont Incorporated demonstrates a commitment to programmatic spending and governance through board independence, but improvements are needed in policy development and financial management practices to enhance its accountability and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Pinemont Incorporated legitimate?
Pinemont Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pinemont Incorporated 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.
Official website here: www.thepinemontapartments.org/
What is the mission statement of Pinemont Incorporated?
Pinemont Incorporated is dedicated to serving the elderly and handicapped population by providing them with affordable and safe housing. Their mission is to operate a Low Income Housing Project, specifically designated under the Section 202/8 project type, which aims to accommodate at least 130 eligible individuals. The project's primary objective is to ensure that these individuals receive the necessary housing, adhering to the Low Income Housing Guidelines.
Official website here: www.thepinemontapartments.org/
Who is the CEO of Pinemont Incorporated?
Jo Ortiz is the Project Administrator of Pinemont Incorporated.
Official website here: www.thepinemontapartments.org/
What is the revenue of Pinemont Incorporated?
Pinemont Incorporated's revenue in 2021 was $1,314,631.
Official website here: www.thepinemontapartments.org/
Who are the executives of Pinemont Incorporated and what are their salaries?
Where can I find the form 990 for Pinemont Incorporated?
Pinemont Incorporated's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.thepinemontapartments.org/
Learn more at the official website: www.thepinemontapartments.org/
Mission Statement of Pinemont Incorporated
Pinemont Incorporated is dedicated to serving the needs of elderly and handicapped individuals by providing them with safe and affordable housing. This nonprofit organization, under the Section 202/8 project type, aims to accommodate at least 130 individuals who fall under the low-income housing guidelines. The mission of Pinemont Incorporated is to create a living environment that caters to the unique needs of its residents, ensuring they have a comfortable and secure place to call home. By providing low-income housing, Pinemont Incorporated plays a significant role in supporting vulnerable individuals, enabling them to maintain their independence and dignity.
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Impact
July, 2024
Pinemont Incorporated's impact is significant in providing safe and affordable housing for low-income elderly and handicapped individuals in Houston, TX. Through the Pinemont Apartments project, the organization offers a crucial service by ensuring at least 130 individuals have access to suitable housing that meets their specific needs. This initiative not only addresses the pressing issue of affordable housing but also contributes to improving the quality of life for a vulnerable population. Additionally, by focusing on the housing needs of the elderly and handicapped, Pinemont Incorporated directly impacts the well-being and dignity of these individuals, creating a positive ripple effect in the community.
This information is meant to be a general summary of Pinemont Incorporated. 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 2021.
- Program Service Revenue: $369,370
- Gross Receipts: $1,314,631
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$344,727
Miscellaneous
Revenue
$21,497
Revenue from Investments
Revenue
$131
Laundry and vending revenue
Revenue
$682
Tenant charges
Revenue
$2,333
Organization Details
Founding Year
1979
Phone
(713) 957-4430Principal Officer
Jo Ortiz
Main Address
6000 Pinemont, Houston, TX, 77092
NTEE Category
Code: L21 - Housing
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