Overview
What is Sheltering Palms Foundation Inc?
Sheltering Palms Foundation Inc, situated in Boca Raton, Florida, is a dedicated nonprofit organization that focuses on providing housing solutions for individuals and families with low and moderate income. Operating in various apartment complexes across the United States, their primary mission is to make affordable housing readily available. With a team of only three employees, they work tirelessly to make a significant impact, ensuring that those who need it most have a roof over their heads.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
The Sheltering Palms Foundation Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement despite a relatively high overall score of 73%. The organization demonstrates strong accountability and finance practices, scoring a perfect 100% in this category. Additionally, it maintains an independent board with all members meeting independence criteria, as well as an impressive program expense ratio of 96.33%, suggesting that a large portion of its funds is directed toward its programs.
However, the foundation has several shortcomings that have impacted its overall rating. Notably, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for transparency and governance. Furthermore, the charity's website is missing from its tax form, and it does not publicly post its tax documents, which can hinder transparency for potential donors and stakeholders.
In summary, while Sheltering Palms Foundation Inc excels in financial accountability and program funding, it must address its governance deficiencies and improve its online transparency to achieve a higher rating in the future. The organization's commitment to enhancing these areas would be beneficial in building trust and credibility with its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Sheltering Palms Foundation Inc legitimate?
Sheltering Palms Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheltering Palms Foundation 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: $415,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,651
For more financial information, click here
What is the mission statement of Sheltering Palms Foundation Inc?
The Sheltering Palms Foundation Inc's mission is centered around providing housing facilities for individuals and families with modest incomes. In essence, they dedicate their efforts to operating and leasing apartment units within the United States, ensuring these residences are accessible to those who fall under the low and moderate income bracket. This mission statement underscores their commitment to making housing an attainable resource for a significant portion of the population.
Who is the CEO of Sheltering Palms Foundation Inc?
Harvey J Polly is the Director of Sheltering Palms Foundation Inc.
What is the revenue of Sheltering Palms Foundation Inc?
Sheltering Palms Foundation Inc's revenue in 2022 was $48,584.
Who are the executives of Sheltering Palms Foundation Inc and what are their salaries?
The average compensation at Sheltering Palms Foundation Inc during 2022 was $141,226. There are 3 employees at Sheltering Palms Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $252,527
- Related: $0
- Other: $0
- Compensation: $125,000
- Related: $0
- Other: $0
- Compensation: $37,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sheltering Palms Foundation Inc?
Sheltering Palms Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sheltering Palms Foundation Inc
Sheltering Palms Foundation Inc, as its mission statement suggests, is dedicated to providing housing solutions for individuals and families with low to moderate incomes. This nonprofit organization achieves this goal by operating and leasing apartment units at various complexes across the United States. The foundation's primary purpose is to make affordable housing accessible to those who otherwise may struggle to secure it, thereby contributing to a more equitable living environment for these communities. By focusing on housing, Sheltering Palms Foundation Inc plays a significant role in improving the quality of life for its residents, offering them a stable and secure living situation that can foster personal growth and development.
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Impact
August, 2024
Sheltering Palms Foundation Inc provides crucial housing solutions to low and moderate-income individuals and families in the United States. By operating and leasing apartment units at various complexes, this organization plays a vital role in ensuring that those in need have a safe and affordable place to call home. In doing so, Sheltering Palms Foundation Inc directly addresses the pressing issue of housing affordability and accessibility, making a tangible difference in the lives of many individuals and families.
This information is meant to be a general summary of Sheltering Palms Foundation 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 2022.
- Investment Income: -$31,760
- Program Service Revenue: $80,344
- Gross Receipts: $1,168,200
Assets and Liabilities:
- Total Assets: $8,649,930
- Total Liabilities: $222
- Net Assets: $8,649,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$80,344
Organization Details
Phone
(850) 796-3100Principal Officer
Harvey J Polly
Main Address
2378 NW 60TH STREET, BOCA RATON, FL, 33496
NTEE Category
Code: L200 - Housing
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