Overview
What is Harbor Inn?
Harbor Inn is a nonprofit organization, specifically focused on the construction and operation of housing facilities, catering to the needs of senior adults. This organization, situated at 26200 Lahser Rd APT 300, Southfield, MI 48033, dedicates its efforts towards providing senior citizens with a suitable living environment. The exact nature of its activities and mission revolves around the development and management of senior housing facilities.
Official website here: www.pvm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Harbor Inn has received a rating of 54% from Charity Navigator, which indicates significant concerns regarding its financial health and accountability. While the organization has performed well in aspects like having an independent board and documenting board meeting minutes, its overall score reflects serious issues, particularly in the liabilities to assets ratio, where it scored 0 out of 15 points.
The nonprofit has a commendable program expense ratio of 90.84%, suggesting that a large portion of its funds is directed towards its programs rather than administrative costs. However, the concerning liabilities to assets ratio, exceeding 100%, raises questions about its financial sustainability and ability to meet obligations. This could impact its long-term viability and capacity to serve its mission effectively.
Overall, while Harbor Inn demonstrates strengths in governance practices, the financial indicators suggest that potential donors and volunteers should exercise caution and seek further information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Harbor Inn legitimate?
Harbor Inn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbor Inn 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: $201,978
For more financial information, click here
Official website here: www.pvm.org
What is the mission statement of Harbor Inn?
Harbor Inn's mission involves constructing and managing housing facilities specifically designed for senior adults. Their objective is to provide a living environment that caters to the needs of elderly individuals, ensuring their comfort and well-being. The organization's activities are centered around the construction and operation of senior housing, aiming to contribute positively to the lives of its elderly residents.
Official website here: www.pvm.org
Who is the CEO of Harbor Inn?
Aaron Lundgaard is the Manager Al/Rlc of Harbor Inn.
Official website here: www.pvm.org
What is the revenue of Harbor Inn?
Harbor Inn's revenue in 2022 was $953,596.
Official website here: www.pvm.org
Who are the executives of Harbor Inn and what are their salaries?
There 17 volunteers at Harbor Inn.
Here are 18 key members and their salaries:
- Compensation: $68,893
- Related: $3,185
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Official website here: www.pvm.org
Where can I find the form 990 for Harbor Inn?
Harbor Inn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvm.org
Learn more at the official website: www.pvm.org
Mission Statement of Harbor Inn
Harbor Inn's mission is centered around constructing and managing housing facilities specifically designed for senior adults. This nonprofit organization strives to provide a living environment that caters to the needs of elderly individuals, ensuring their comfort and well-being. By undertaking the construction and operation of these senior housing units, Harbor Inn aims to contribute positively to the lives of the elderly population, providing them with a secure and suitable place to call home.
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Impact
July, 2024
Harbor Inn's impact lies in their construction and operation of housing for senior adults in Southfield, MI. By providing safe and affordable housing for senior citizens, Harbor Inn contributes to enhancing the quality of life for this demographic. Their mission to cater specifically to senior adults ensures that this vulnerable population has access to comfortable and dignified living spaces, promoting social well-being and fostering a sense of community among the residents.
This information is meant to be a general summary of Harbor Inn. 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.
- Investment Income: $6,290
- Program Service Revenue: $946,679
- Gross Receipts: $953,596
Assets and Liabilities:
- Total Assets: $28,304,078
- Total Liabilities: $27,416,755
- Net Assets: $887,323
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident payments for services
Revenue
$946,679
Organization Details
Founding Year
2018
Principal Officer
Aaron Lundgaard
Main Address
26200 Lahser Rd APT 300, Southfield, MI, 48033
Website
www.pvm.orgNTEE Category
Code: L40 - Housing
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