Overview
What is Pine Crest Rhf Housing Inc?
Pine Crest Rhf Housing Inc, a Massachusetts-based not-for-profit corporation, was established with the intention of providing affordable housing to low-income families. Initially, the organization operated a 114-unit community named Pine Crest Apartments in Orange, Massachusetts. Later, on August 28, 2020, it acquired and began managing a 100-unit community called Hillcrest Apartments in Attleboro, Massachusetts. As of September 16, 2022, the property was sold to Hillcrest RHF Partners, Limited Partnership. Presently, Pine Crest Rhf Housing Inc funds the project through a seller carryback loan and serves as the majority member of Hillcrest RHF MGP, LLC. The organization's primary purpose now revolves around serving as a financial arm for low-income housing projects through this new partnership.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Pine Crest Rhf Housing Inc has received an 81% rating from Charity Navigator, which indicates a solid performance in accountability and finance. The score reflects a strong emphasis on governance, with a fully independent board and no material diversion of assets. The organization has also demonstrated transparency by listing its website on tax forms and establishing comprehensive policies like conflict of interest and whistleblower protections.
One of the key strengths highlighted in the data is the high program expense ratio of 95.97%, suggesting that the majority of the funds are directed towards its mission rather than administrative costs. The organization also maintains a low liabilities to assets ratio of 12.97%, which indicates financial stability and responsible management of resources.
However, concerns arise from the high salaries of key personnel, with the President/CEO earning $608,035 and other executives also receiving significant compensation. While this may reflect the complexity of the nonprofit's operations, it could raise questions about the prioritization of funds when it comes to serving the community. Overall, Pine Crest Rhf Housing Inc shows a commendable commitment to accountability, though attention may be needed in balancing compensation with service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Pine Crest Rhf Housing Inc legitimate?
Pine Crest Rhf Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pine Crest Rhf 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: $0
For more financial information, click here
Official website here: www.rhf.org
What is the mission statement of Pine Crest Rhf Housing Inc?
Pine Crest Rhf Housing Inc, a not-for-profit corporation, was established with the primary objective of providing housing for low-income families. Initially, it operated a 114-unit community named Pine Crest Apartments. Later, in 2020, it acquired and started operating a 100-unit community known as Hillcrest Apartments. In 2022, the Hillcrest Apartments were sold, and Pine Crest Rhf Housing Inc now funds the project through a seller carryback loan. Moving forward, this entity will serve as a financing arm for the low-income housing project through its new partnership. The organization's main focus is to ensure accessible and affordable housing for families in need.
Official website here: www.rhf.org
Who is the CEO of Pine Crest Rhf Housing Inc?
Hartman Stuart J is the CEO of Pine Crest Rhf Housing Inc The CEO's salary of Pine Crest Rhf Housing Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Pine Crest Rhf Housing Inc?
Pine Crest Rhf Housing Inc's revenue in 2023 was $72,568.
Official website here: www.rhf.org
Who are the executives of Pine Crest Rhf Housing Inc and what are their salaries?
Here are 35 key members and their salaries (Pine Crest Rhf Housing Inc's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Pine Crest Rhf Housing Inc?
Pine Crest Rhf Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Pine Crest Rhf Housing Inc
Pine Crest Rhf Housing Inc, a not-for-profit corporation, was established with the intention of providing housing solutions for low-income families. Originally, it managed a 114-unit community named Pine Crest Apartments in Orange, Massachusetts. In December 2018, this property was transferred to a related entity. Subsequently, on August 28, 2020, the organization acquired and began operating a 100-unit community known as Hillcrest Apartments in Attleboro, Massachusetts. However, on September 16, 2022, the property was sold to Hillcrest Rhf Partners, Limited Partnership. Currently, Pine Crest Rhf Housing Inc funds the project through a seller carryback loan and serves as the majority member of Hillcrest Rhf Mgp, LLC. Moving forward, the main purpose of this entity will be to function as a financing arm for low-income housing projects through the new partnership.
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Impact
July, 2024
Pine Crest RHF Housing Inc's impact lies in providing affordable housing to low-income families in Massachusetts. Through the operation of housing communities like Pine Crest Apartments in Orange and Hillcrest Apartments in Attleboro, the organization ensures that families have a secure and stable place to call home. By offering housing solutions to those in need, Pine Crest RHF Housing Inc directly contributes to addressing the issue of homelessness and housing insecurity in the community. Their ongoing mission to provide housing support serves as a vital resource for vulnerable populations, making a tangible difference in the lives of residents and fostering a sense of community and stability.
This information is meant to be a general summary of Pine Crest Rhf 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: $72,568
- Program Service Revenue: $807,129
- Gross Receipts: $72,568
Assets and Liabilities:
- Total Assets: $1,528,841
- Total Liabilities: $198,305
- Net Assets: $1,330,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$807,129
Organization Details
Founding Year
2002
Principal Officer
Stuart Hartman
Website
www.rhf.orgNTEE Category
Code: B90 - Education
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