Overview
What is Powers Housing Development Inc?
Powers Housing Development Inc is a nonprofit organization situated in North Bend, Oregon. Its primary mission is to offer affordable housing solutions for senior citizens, particularly those with disabilities and the elderly. They have developed a housing project under Section 8, which comprises 26 units specifically designed for this demographic. This senior citizen housing organization is devoted to enhancing retirement communities in the North Bend area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Powers Housing Development Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in areas such as having a majority independent board and a strong program expense ratio of 76.73%, issues surrounding its liabilities to assets ratio (72.86%) raise red flags about its financial health.
The organization demonstrates strengths in governance, with full points for independent board membership and the documentation of board meeting minutes. However, critical policies such as a conflict of interest policy and a whistleblower policy are missing, which detracts from its accountability and transparency.
Overall, while Powers Housing Development Inc has some positive attributes, the serious gaps in its financial stability and missing governance policies contribute to its low rating. Prospective donors and supporters may want to consider these factors before engaging with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Powers Housing Development Inc legitimate?
Powers Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Powers Housing Development 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: $29,984
For more financial information, click here
What is the mission statement of Powers Housing Development Inc?
Powers Housing Development Inc, as a mission, is dedicated to supplying affordable housing for senior citizens. This is achieved through various programs, including a Section 8 project specifically designed for the disabled and elderly, which comprises 26 units. The organization prioritizes retirement communities, focusing on North Bend, OR, in its efforts to provide suitable housing solutions for this demographic.
Who is the CEO of Powers Housing Development Inc?
Noble Adamek is the President of Powers Housing Development Inc.
What is the revenue of Powers Housing Development Inc?
Powers Housing Development Inc's revenue in 2023 was $198,939.
Who are the executives of Powers Housing Development Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Powers Housing Development Inc?
Powers Housing Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Powers Housing Development Inc
Powers Housing Development, a nonprofit organization, is dedicated to providing low-income housing for senior citizens. Their mission is accomplished through various programs, with a significant focus on creating retirement communities. One of their key initiatives involves a housing project under Section 8, specifically designed for the disabled and elderly, totaling 26 units. By offering such accommodations, Powers Housing Development aims to support and cater to the unique needs of this demographic, ensuring they can live comfortably and with dignity.
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Impact
October, 2024
Powers Housing Development Inc significantly impacts the community by addressing the critical need for affordable housing for senior citizens. By providing low-income housing options specifically designed for the disabled and elderly, the organization enhances the quality of life for vulnerable populations.
Their housing project, which includes 26 dedicated units, ensures that seniors in North Bend, OR, have access to safe and comfortable living environments. This initiative not only offers a place to live but fosters a sense of community among residents, promoting social interaction and support.
By focusing on retirement communities, Powers Housing Development plays a vital role in alleviating housing insecurity for seniors, enabling them to age in place with dignity and security. The organization’s commitment to creating accessible housing solutions directly contributes to the overall well-being of the community and the individuals it serves.
This information is meant to be a general summary of Powers Housing Development 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.
- Investment Income: -$98,499
- Program Service Revenue: $243,082
- Gross Receipts: $297,519
Assets and Liabilities:
- Total Assets: $575,916
- Total Liabilities: $419,667
- Net Assets: $156,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & VENDING
Revenue
$227
MISC. REVENUE
Revenue
$706
NET RENT REVENUE
Revenue
$241,655
TENANT CHARGES
Revenue
$494
Organization Details
Founding Year
1982
Phone
(541) 756-4111Principal Officer
Noble Adamek
Main Address
1700 MONROE STREET, NORTH BEND, OR, 97459
NTEE Category
Code: L22Z - Housing
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