Overview
What is The Palms Retirement Center?
The Palms Retirement Center is a nonprofit organization situated in Harlingen, Texas, at 525 E Davis Street. Its primary mission is to provide a safe and sanitary living environment for elderly or disabled individuals with a limited income. The organization operates as an apartment complex, offering 18 efficiency units and 45 one-bedroom units to accommodate its residents. This nonprofit is dedicated to enhancing the living conditions of its residents, ensuring they have access to suitable housing. With a staff of six employees, The Palms Retirement Center continues its mission to cater to the needs of its elderly or disabled population, offering them a secure and comfortable living space.
Is The Palms Retirement Center legitimate?
The Palms Retirement Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Palms Retirement Center 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: $45,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,024
For more financial information, click here
What is the mission statement of The Palms Retirement Center?
The Palms Retirement Center operates as an apartment complex, providing affordable housing for elderly or disabled individuals with low income. Its mission is to offer 18 efficiency and 45 one-bedroom units, ensuring a safe and sanitary living environment for its residents. This organization strives to make housing accessible for those in need, thereby contributing to their overall well-being. It offers federally-subsidized apartments, serving as a vital resource for the elderly and disabled community with limited financial means.
Who is the CEO of The Palms Retirement Center?
Melvin D Justice is the President of The Palms Retirement Center.
What is the revenue of The Palms Retirement Center?
The Palms Retirement Center's revenue in 2022 was $399,317.
Who are the executives of The Palms Retirement Center and what are their salaries?
The average compensation at The Palms Retirement Center during 2022 was $19,209. There are 6 employees at The Palms Retirement Center.
Here are 8 key members and their salaries:
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- Compensation: $45,859
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Where can I find the form 990 for The Palms Retirement Center?
The Palms Retirement Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Palms Retirement Center
The Palms Retirement Center is dedicated to serving the needs of elderly or disabled individuals with limited income. This nonprofit organization operates as an apartment complex, providing 18 efficiency and 45 one-bedroom units. Its mission is to offer these individuals a secure and hygienic living environment, striving to ensure that they have access to suitable housing. The Palms Retirement Center is committed to providing a home for this specific demographic, thereby enhancing their quality of life.
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Impact
October, 2024
The Palms Retirement Center significantly enhances the quality of life for elderly and disabled individuals with low incomes in Harlingen, Texas. By providing 18 efficiency and 45 one-bedroom units, it offers a safe and sanitary living environment tailored to meet the specific needs of its residents. This housing complex not only addresses the fundamental need for affordable housing but also fosters a sense of community among residents, promoting social interaction and support networks that are crucial for mental and emotional well-being. The center's commitment to maintaining a dignified living space enables its residents to enjoy greater independence and security, ultimately improving their overall quality of life.
This information is meant to be a general summary of The Palms Retirement Center. 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: $68
- Program Service Revenue: $222,403
- Gross Receipts: $399,317
Assets and Liabilities:
- Total Assets: $1,059,280
- Total Liabilities: $1,503,422
- Net Assets: -$444,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING RENTAL INCOME
Revenue
$226,062
VACANCIES-APARTMENTS
Revenue
-$3,659
Organization Details
Founding Year
1982
Phone
(956) 421-4331Principal Officer
Melvin D Justice
Main Address
525 E DAVIS STREET, HARLINGEN, TX, 78550
NTEE Category
Code: L22 - Housing
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