Overview
What is Peaceful Pastures Housing Inc?
Peaceful Pastures Housing Inc, also known as Alvin Memorial Gardens, is a nonprofit organization based in Conroe, Texas, specifically at 21059 Blair Road, 77385. Their primary mission is to provide affordable housing for the elderly, adhering to low-income guidelines in accordance with Section 202 of the National Housing Act. This involves leasing apartments to 104 elderly tenants, ensuring they have a secure and comfortable living space. The organization's activity and mission are centered around operating a low-income housing facility, providing a vital service to the elderly population in the community. With a staff of 6 dedicated individuals, Peaceful Pastures Housing Inc strives to make a positive impact on the lives of the elderly, ensuring they can age with dignity and security.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Peaceful Pastures Housing Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization scored particularly well in key areas, such as having an entirely independent board and maintaining a strong program expense ratio of 90.53%, which reflects a significant commitment to its mission over administrative costs.
The charity benefits from excellent governance practices, with all board members being independent and a complete audit of its financial statements. Additionally, it has effective policies in place for whistleblower protection and document retention, which reinforces its commitment to transparency and ethical management. However, the assessment is entirely based on accountability and finance, without a broader evaluation of programmatic impact.
While the high percentage of program expenses suggests effective resource allocation towards its goals, there are no additional insights into the outcomes of its initiatives. Understanding the real-world impact of its programs would provide a fuller picture of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Peaceful Pastures Housing Inc legitimate?
Peaceful Pastures Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peaceful Pastures Housing 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: $159,485
For more financial information, click here
What is the mission statement of Peaceful Pastures Housing Inc?
Peaceful Pastures Housing Inc is committed to operating a low-income housing facility specifically for the elderly. Their mission, as stated, is to provide suitable housing for 104 elderly individuals who meet the guidelines for low-income housing. This is achieved through the benefits offered under Section 202 of the National Housing Act, which enables the leasing of these apartments. The organization's primary focus is on catering to the needs of the elderly, providing them with a secure and affordable living space.
Who is the CEO of Peaceful Pastures Housing Inc?
Homer Allison is the President of Peaceful Pastures Housing Inc.
What is the revenue of Peaceful Pastures Housing Inc?
Peaceful Pastures Housing Inc's revenue in 2023 was $1,031,655.
Who are the executives of Peaceful Pastures Housing Inc and what are their salaries?
The average compensation at Peaceful Pastures Housing Inc during 2023 was $26,581. There are 6 employees at Peaceful Pastures Housing Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $100,586
- Other: $19,982
- Compensation: $0
- Related: $133,307
- Other: $19,982
Where can I find the form 990 for Peaceful Pastures Housing Inc?
Peaceful Pastures Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Peaceful Pastures Housing Inc
Peaceful Pastures Housing Inc is dedicated to operating a low-income housing facility primarily for the elderly. The organization's mission is to provide a suitable living environment for 104 elderly individuals who meet the criteria for low-income housing guidelines. To achieve this, Peaceful Pastures Housing Inc leverages the benefits offered under Section 202 of the National Housing Act, enabling it to lease apartments to eligible senior residents. By offering affordable housing, the nonprofit aims to contribute positively to the well-being of its elderly tenants, ensuring they can live comfortably and securely.
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Impact
July, 2024
Peaceful Pastures Housing Inc operates a low-income housing facility for the elderly in Conroe, TX. By providing benefits under Section 202 of the National Housing Act and leasing apartments to 104 elderly tenants meeting low-income housing guidelines, they are making a direct impact on the lives of elderly individuals in need of affordable housing. Their mission to operate this facility ensures that the elderly residents have a safe and comfortable place to call home. Peaceful Pastures Housing Inc's work directly addresses the housing needs of a vulnerable population, allowing them to maintain their independence and quality of life in a supportive community environment.
This information is meant to be a general summary of Peaceful Pastures Housing 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: -$648
- Program Service Revenue: $891,475
- Gross Receipts: $1,032,592
Assets and Liabilities:
- Total Assets: $1,708,875
- Total Liabilities: $2,401,178
- Net Assets: -$692,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY
Revenue
$568,044
RENTAL INCOME
Revenue
$317,136
TENANT CHARGES
Revenue
$4,023
LAUNDRY AND VENDING
Revenue
$1,987
OTHER
Revenue
$285
Organization Details
Founding Year
1983
Phone
(281) 298-7999Principal Officer
Homer Allison
Main Address
21059 BLAIR ROAD, CONROE, TX, 77385
NTEE Category
Code: L22Z - Housing
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