Overview
What is Provident Housing Solutions Inc?
Provident Housing Solutions Inc, a nonprofit organization situated in Apopka, Florida, focuses on making housing more affordable within the Central Florida region. Their primary mission is centered around this crucial aspect, ensuring that local residents have access to reasonably priced homes. The organization's activities and purpose are aligned with this mission, as evident in the information provided. With their headquarters at 665 Mt Stirling Avenue, Provident Housing Solutions Inc plays an essential role in promoting affordable housing in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Provident Housing Solutions Inc has been rated with a score of 58%, which translates to a One-Star rating. This rating reflects significant concerns related to the charity’s accountability and financial practices. While the organization does boast strengths such as having an entirely independent board and a full program expense ratio, it faces serious drawbacks due to a high liabilities to assets ratio.
The organization has been marked down considerably for lacking essential governance policies, including a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. Additionally, the nonprofit's website is not listed on its tax forms, which raises transparency concerns. These missing elements contribute to a low score in the accountability and finance category.
Despite some positive aspects, such as effective program spending, the overall concerns around financial management and transparency suggest that potential donors should proceed with caution. It is crucial for the organization to address these governance gaps to enhance its standing and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Provident Housing Solutions Inc legitimate?
Provident Housing Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Provident Housing Solutions 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
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What is the mission statement of Provident Housing Solutions Inc?
Provident Housing Solutions Inc, as an organization, is dedicated to fulfilling a crucial mission in the housing sector. Their primary goal is to make affordable housing a reality within the Central Florida area. By providing affordable housing options, they aim to contribute positively to the community and make housing more accessible for a wider range of individuals. Their activities are centered around this mission, aiming to bridge the gap between housing affordability and the needs of the population in Central Florida.
What is the revenue of Provident Housing Solutions Inc?
Provident Housing Solutions Inc's revenue in 2023 was $431,805.
Who are the executives of Provident Housing Solutions Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Provident Housing Solutions Inc?
Provident Housing Solutions Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Provident Housing Solutions Inc
Provident Housing Solutions Inc, a notable entity, is committed to providing affordable housing solutions in the Central Florida Area. Their primary mission is to ensure that individuals and families in this region have access to reasonably priced housing options. By taking on this role, Provident Housing Solutions Inc seeks to make a significant impact on the community, contributing to a more equitable living environment. The organization's dedication to affordable housing is a critical step towards fostering a sense of stability and well-being within the Central Florida Area.
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Impact
October, 2024
Provident Housing Solutions Inc plays a vital role in addressing the critical need for affordable housing in the Central Florida area. By focusing on providing accessible living options, the organization impacts the local community by enhancing the quality of life for individuals and families who may struggle with housing costs.
In a region where affordable housing is often hard to find, Provident Housing Solutions Inc fulfills a crucial mission—ensuring that residents can secure safe and stable homes. This contributes not only to individual well-being but also fosters community stability and growth. The organization’s efforts help alleviate housing insecurity, enabling families to invest in their future and create better opportunities for themselves and their children.
In summary, Provident Housing Solutions Inc significantly impacts the Central Florida area by promoting affordable housing initiatives and supporting the overall health and prosperity of the community.
This information is meant to be a general summary of Provident Housing Solutions 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.
- Program Service Revenue: $22,844
- Gross Receipts: $1,004,251
Assets and Liabilities:
- Total Assets: $1,192,980
- Total Liabilities: $1,670,632
- Net Assets: -$477,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Revenue
$22,844
Organization Details
Founding Year
2017
Principal Officer
Jim Grayford
NTEE Category
Code: P80 - Human services
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