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Preservation Housing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 821151483 ✦ Mobile, AL ✦ Designated as a 501(c)(3)

Overview

What is Preservation Housing Inc?

Preservation Housing Inc is a nonprofit organization based in Mobile, Alabama. Their primary mission is to create and preserve safe and affordable housing communities for individuals and families with low to moderate income, the elderly, and the disabled. By offering affordable housing, they aim to improve the living conditions for their residents. Additionally, they provide social and educational services to enhance the overall well-being of the community members. Preservation Housing Inc is dedicated to enhancing the quality of life for its residents through the provision of affordable housing and essential support services.


Is Preservation Housing Inc legitimate?

Preservation Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preservation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,223,277

For more financial information, click here


What is the mission statement of Preservation Housing Inc?
Who is the CEO of Preservation Housing Inc?
What is the revenue of Preservation Housing Inc?
Who are the executives of Preservation Housing Inc and what are their salaries?
Where can I find the form 990 for Preservation Housing Inc?

Mission Statement of Preservation Housing Inc

Preservation Housing Inc, a leading nonprofit organization, is committed to creating and preserving safe and affordable housing communities for individuals and families with low and moderate incomes, as well as the elderly and disabled. By providing these communities, Preservation Housing aims to offer more than just a place to live; it strives to enhance the lives of its residents through the implementation of social and educational services.

The organization's primary focus is on ensuring that those who are most in need have access to affordable housing. Preservation Housing's mission is twofold: it not only creates new housing communities but also works to preserve existing ones. By doing so, it ensures that individuals and families can maintain stable living environments, free from the burden of escalating housing costs.

Moreover, Preservation Housing recognizes the importance of addressing the various needs of its residents beyond just housing. To accomplish this, the organization offers a range of social and educational services, tailored to the unique circumstances of each community. These services aim to improve the quality of life for the residents and help them build stronger, more self-sufficient lives.

In essence, Preservation Housing Inc goes beyond the mere provision of housing, acting as a supportive partner to its residents and fostering an inclusive, thriving, and resilient community. By focusing on both the physical and social needs of its residents, the organization is able to create an environment where individuals and families can truly flourish.

Impact

This information is meant to be a general summary of Preservation Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Preservation Housing Inc's impact is centered around creating and preserving safe and affordable housing communities for low and moderate-income individuals, families, the elderly, and the disabled in Mobile, Alabama. This organization provides affordable housing for residents of apartment communities, offering not just a place to live but also social and educational services that benefit the community members. Through their mission of promoting accessible housing options and supporting the well-being of residents, Preservation Housing Inc is making a significant difference in the lives of those most in need of affordable housing solutions.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,517,632
  • Program Service Revenue: $8,632,693
  • Gross Receipts: $20,032,661

    • Assets and Liabilities:
  • Total Assets: $41,583,416
  • Total Liabilities: $40,987,318
  • Net Assets: $596,098
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STONELAKE APARTMENTS

    Revenue

    $5,696,036

    BAY TERRACE APARTMENTS

    Revenue

    $1,331,306

    MAGNOLIA APARTMENTS

    Revenue

    $1,214,468

    PEPPERMILL FARMS APARTMENRS

    Revenue

    $390,883

    Organization Details

    Founding Year

    2017

    Principal Officer

    Patrick J Coffey

    Main Address

    P O BOX 16506, MOBILE, AL, 36616

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Preservation Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.