Overview
What is Payson Regional Housing Development?
Payson Regional Housing Development is a nonprofit organization based in Payson, Arizona, dedicated to creating and maintaining affordable housing options for low-income individuals. With a mission to develop and manage such projects, they have successfully established six low-income housing complexes and three rental houses within the community. The organization's work aims to provide stable and safe living environments, contributing positively to the overall well-being of the residents in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that Payson Regional Housing Development demonstrates basic accountability and financial health but still has room for improvement in overall performance. The rating is heavily based on a single beacon score, reflecting the organization's strong adherence to transparency and sound financial practices.
The organization boasts a perfect score in several key areas, including a fully independent board and a commendable liabilities to assets ratio of 19.35%. It also shows a 100% program expense ratio, indicating that all of its expenses are directed towards its mission-related activities. The documentation of board meeting minutes further supports its commitment to transparency in governance.
However, despite these strengths, the overall rating of 73% suggests that there may be aspects of the organization that could be enhanced for better operational efficacy or community impact. While the financial accountability is commendable, potential donors and stakeholders may want to consider these factors when evaluating the organization’s overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Payson Regional Housing Development legitimate?
Payson Regional Housing Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Payson Regional Housing Development 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: $26,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Payson Regional Housing Development?
Payson Regional Housing Development is committed to developing and managing low-income housing projects. This non-profit organization has successfully developed and currently manages six low-income housing projects and three rental houses, all aimed at providing affordable housing solutions for individuals with limited income. The organization's mission is centered around enhancing access to decent and affordable housing, contributing to the well-being and stability of the community. By managing these projects, Payson Regional Housing Development seeks to improve the living conditions for those in need, promoting a sense of community and social equality.
Who is the CEO of Payson Regional Housing Development?
Jake A Swartwood is the President of Payson Regional Housing Development.
What is the revenue of Payson Regional Housing Development?
Payson Regional Housing Development's revenue in 2023 was $68,381.
Who are the executives of Payson Regional Housing Development and what are their salaries?
There 5 volunteers at Payson Regional Housing Development.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Payson Regional Housing Development?
Payson Regional Housing Development's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Payson Regional Housing Development
Payson Regional Housing Development, a nonprofit organization, is dedicated to developing and managing low-income housing projects. Its mission is to provide affordable housing solutions for individuals and families in need. The organization has successfully developed and currently manages six low-income housing projects and three low-income rental houses, demonstrating its commitment to improving living conditions for its community members. Through its projects, Payson Regional Housing Development aims to contribute to a more inclusive and equitable society, ensuring that everyone has access to a decent place to live, regardless of their income level. By managing these projects, the organization also ensures their upkeep and maintenance, ensuring the comfort and safety of its residents.
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Impact
August, 2024
Payson Regional Housing Development's impact is significant in providing affordable housing options for low-income individuals and families in Payson, AZ. By developing and managing six low-income housing projects and three rental houses, they are addressing the critical need for affordable housing in the community. This organization plays a vital role in ensuring that vulnerable populations have access to safe and secure housing, ultimately improving their quality of life and promoting stability.
This information is meant to be a general summary of Payson Regional Housing Development. 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: $54,601
- Gross Receipts: $68,381
Assets and Liabilities:
- Total Assets: $2,001,887
- Total Liabilities: $387,400
- Net Assets: $1,614,487
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICE FEES
Revenue
$48,607
RENT INCOME - HOMES
Revenue
$5,994
SALE OF RENTAL HOMES
Organization Details
Founding Year
2003
Principal Officer
Jake A Swartwood
Main Address
PO BOX 1534, PAYSON, AZ, 85547
NTEE Category
Code: L20 - Housing
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