Overview
What is Pinmore Hdc Inc?
Pinmore Hdc Inc, based in San Jose, California, serves as a general partner in various limited partnerships. These partnerships own and manage housing facilities, catering to individuals and families with low to moderate income. The organization's primary mission is to facilitate the development of affordable housing, thereby providing a vital service to those in need. Pinmore Hdc Inc operates housing units, ensuring that low-income individuals and families have access to suitable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Pinmore Hdc Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The overall score is driven entirely by a low Accountability & Finance score of 59%, which indicates that the organization may lack transparency and effective governance structures.
One major area of concern is the absence of independent board members, which can impact the objectivity and accountability of the organization. Additionally, the liabilities to assets ratio is notably high at 243.92%, suggesting financial instability. However, it is worth noting that the charity does have strong program expense ratios at 88.34%, indicating that a large portion of its expenses is allocated towards its programs.
While the organization has several positive governance policies in place, such as a conflict of interest policy and whistleblower protection, the lack of a website listed on their tax form and the absence of independent board oversight highlight areas for improvement. For those considering supporting this charity, it is advisable to carefully weigh these factors.
This AI summary has been generated from information found on Charity Navigator.
Is Pinmore Hdc Inc legitimate?
Pinmore Hdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pinmore Hdc 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
What is the mission statement of Pinmore Hdc Inc?
Pinmore Hdc Inc's mission is centered around facilitating the development of affordable housing. The organization serves this purpose by acting as a general partner in several limited partnerships. These partnerships own and operate housing units, providing essential services to individuals and families with low and moderate incomes. In essence, Pinmore Hdc Inc is dedicated to enhancing housing accessibility for those who need it most. It contributes to the development of affordable housing solutions, thereby making a positive impact on the lives of many individuals and families.
Who is the CEO of Pinmore Hdc Inc?
Preston Prince is the Vice President/Treasurer of Pinmore Hdc Inc.
What is the revenue of Pinmore Hdc Inc?
Pinmore Hdc Inc's revenue in 2022 was $79,559.
Who are the executives of Pinmore Hdc Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $285,602
- Other: $46,751
- Compensation: $0
- Related: $382,229
- Other: $62,452
Where can I find the form 990 for Pinmore Hdc Inc?
Pinmore Hdc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pinmore Hdc Inc
Pinmore Hdc Inc, as a nonprofit organization, is committed to facilitating the development of affordable housing. This mission is carried out through the organization's role as a general partner in several limited partnerships. These partnerships own and operate housing, providing essential services to low and moderate income individuals and families. By doing so, Pinmore Hdc Inc contributes to the creation of livable and affordable living spaces, thereby addressing a significant social need.
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Impact
October, 2024
Pinmore Hdc Inc plays a significant role in providing housing solutions for low-income individuals and families in San Jose, California. By operating several limited partnerships that own and manage affordable housing projects, the organization directly addresses the pressing need for accessible living arrangements in the community. Its mission to facilitate the development of affordable housing not only helps stabilize the lives of residents but also contributes to the broader social fabric by promoting inclusivity and economic diversity. The provision of related services enhances the living experience for low and moderate-income residents, fostering a supportive environment that can lead to improved quality of life and greater community engagement.
This information is meant to be a general summary of Pinmore Hdc 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.
- Program Service Revenue: $79,559
- Gross Receipts: $79,559
Assets and Liabilities:
- Total Assets: $1,959,421
- Total Liabilities: $4,779,494
- Net Assets: -$2,820,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$79,559
Organization Details
Founding Year
1993
Phone
(408) 275-8770Principal Officer
Preston Prince
Main Address
505 W JULIAN STREET, SAN JOSE, CA, 95110
NTEE Category
Code: L20 - Housing
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