Overview
What is Portales Retirement Housing Corporation?
Portales Retirement Housing Corporation is a nonprofit organization situated in Portales, New Mexico, dedicated to supporting low-income senior citizens. It operates as a retirement community, providing a living space for these individuals. The organization's primary mission is to offer assistance to those in need, ensuring they can maintain a comfortable lifestyle in their golden years. Portales Retirement Housing Corporation aims to make a difference in the lives of its residents, making it an essential part of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 71%.
Portales Retirement Housing Corporation has demonstrated strong accountability and financial management, achieving a perfect score in various areas such as having a majority of independent board members and maintaining strict audit oversight. The organization’s program expense ratio is also commendable at 88.67%, indicating a focus on its mission-driven activities.
However, significant limitations are noted in areas like the liabilities to assets ratio, which is markedly high at 164.32%, suggesting potential financial instability. Additionally, the absence of key documents such as the tax form, whistleblower policy, and document retention policies raises concerns about transparency and governance practices. Overall, while Portales Retirement Housing Corporation showcases strong financial accountability, it must address these gaps to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Portales Retirement Housing Corporation legitimate?
Portales Retirement Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portales Retirement Housing Corporation 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: $62,454
For more financial information, click here
What is the mission statement of Portales Retirement Housing Corporation?
The Portales Retirement Housing Corporation is committed to aiding low-income individuals. Serving as a retirement community, it offers a residence for senior citizens. Its mission is to provide assistance to those in need, thereby promoting a sense of support and community for its residents. The corporation strives to create an environment where senior citizens can reside comfortably, ensuring their needs are met in a manner suitable for their income level.
Who is the CEO of Portales Retirement Housing Corporation?
Sandy Chancey is the Member of Portales Retirement Housing Corporation.
What is the revenue of Portales Retirement Housing Corporation?
Portales Retirement Housing Corporation's revenue in 2022 was $671,518.
Who are the executives of Portales Retirement Housing Corporation and what are their salaries?
Here are 9 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Portales Retirement Housing Corporation?
Portales Retirement Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portales Retirement Housing Corporation
Portales Retirement Housing Corporation, as a nonprofit organization, is committed to assisting individuals with limited income. Its primary mission is to serve as a retirement community for senior citizens, providing them with a supportive environment in Portales, NM. By operating as a retirement home, this organization seeks to enhance the lives of its elderly residents, offering them a place to live with dignity and security.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Portales Retirement Housing Corporation's impact is significant in providing assistance to low-income residents in Portales, NM. By operating as a retirement community for senior citizens, the organization plays a crucial role in ensuring affordable housing options for this vulnerable population. Through their mission to assist low-income residents, Portales Retirement Housing Corporation contributes to improving the quality of life and well-being of senior citizens in the community. Their focus on addressing housing needs aligns with their commitment to supporting those in need and creating a more inclusive and supportive environment for all residents.
This information is meant to be a general summary of Portales Retirement Housing Corporation. 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: $173
- Program Service Revenue: $499,449
- Gross Receipts: $671,518
Assets and Liabilities:
- Total Assets: $373,588
- Total Liabilities: $613,900
- Net Assets: -$240,312
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$499,449
Organization Details
Founding Year
1984
Phone
(505) 260-4800Principal Officer
Sandy Chancey
Main Address
718 WYLIE COX CIRCLE, PORTALES, NM, 88130
NTEE Category
Code: L22Z - Housing
If you are a representative of Portales Retirement Housing Corporation 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.