Overview
What is Mission Palms Retirement Housing Inc?
Mission Palms Retirement Housing Inc is a nonprofit organization established in accordance with Texas's not-for-profit statutes. Its primary objective is to provide affordable housing for low-income elderly individuals, operating a 50-unit community named Mission Palms in Mission, Texas. The organization receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. In 2015, the original mortgage was refinanced under Section 207 of the National Housing Act. Mission Palms Retirement Housing Inc's mission is dedicated to enhancing the living conditions and quality of life for the elderly population in its community.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Mission Palms Retirement Housing Inc has received a Three-Star rating from Charity Navigator, with an overall score of 81%. This score is solely based on its accountability and finance practices, which demonstrates a commitment to transparency and responsible financial management.
The organization excels in several areas, including having a fully independent board of directors and robust financial oversight protocols. Key strengths include a high program expense ratio of 92.46%, indicating that a significant portion of its expenses goes directly toward its charitable mission. Additionally, the presence of essential policies, such as a conflict of interest and whistleblower policy, contributes to its strong accountability framework.
However, the organization faces challenges with its liabilities to assets ratio, scoring 0 out of 15 points in this area, which may suggest potential financial risks that need to be monitored. Overall, while Mission Palms Retirement Housing Inc shows commendable governance and financial practices, it may need to address its financial ratios to enhance its stability and performance further.
This AI summary has been generated from information found on Charity Navigator.
Is Mission Palms Retirement Housing Inc legitimate?
Mission Palms Retirement Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Palms Retirement Housing 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
For more financial information, click here
Official website here: www.rhf.org
What is the mission statement of Mission Palms Retirement Housing Inc?
Mission Palms Retirement Housing Inc., a not-for-profit corporation, was established with the primary purpose of providing housing for low-income elderly individuals. Located in an undisclosed area, the organization operates a 50-unit community named Mission Palms. The corporation receives funding for its operations through housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. In 2015, the original mortgage was refinanced under Section 207, as per Section 223(F) of the National Housing Act, ensuring continued support for this elderly housing community.
Official website here: www.rhf.org
Who is the CEO of Mission Palms Retirement Housing Inc?
Hartman Stuart J is the CEO of Mission Palms Retirement Housing Inc The CEO's salary of Mission Palms Retirement Housing Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Mission Palms Retirement Housing Inc?
Mission Palms Retirement Housing Inc's revenue in 2024 was $552,668.
Official website here: www.rhf.org
Who are the executives of Mission Palms Retirement Housing Inc and what are their salaries?
Here are 35 key members and their salaries (Mission Palms Retirement Housing Inc's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- 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
Official website here: www.rhf.org
Where can I find the form 990 for Mission Palms Retirement Housing Inc?
Mission Palms Retirement Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Mission Palms Retirement Housing Inc
Mission Palms Retirement Housing Inc, established in accordance with the not-for-profit statutes of Texas, was formed with the primary objective of operating a 50-unit community, named Mission Palms, catering to low-income elderly individuals. Situated in Mission, Texas, this not-for-profit corporation receives housing assistance payments from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, amended. In July 2015, the original mortgage of this community was refinanced under Section 207, utilizing Section 223(F) of the National Housing Act, further amended. Mission Palms Retirement Housing Inc serves as a dedicated housing solution for the elderly population, providing them with a secure and affordable living environment.
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Impact
July, 2024
Mission Palms Retirement Housing Inc provides essential housing for low-income elderly persons in Mission, Texas. By operating a 50-unit community known as Mission Palms, this organization ensures that vulnerable seniors have a safe and affordable place to call home. Through receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Mission Palms Retirement Housing Inc plays a crucial role in addressing the housing needs of a marginalized population. This support helps improve the quality of life for elderly individuals who may otherwise struggle to find suitable accommodation. By offering housing assistance in accordance with the National Housing Act, Mission Palms Retirement Housing Inc contributes to the well-being and security of low-income seniors in the community.
This information is meant to be a general summary of Mission Palms Retirement Housing 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 2024.
- Investment Income: $2,697
- Program Service Revenue: $154,796
- Gross Receipts: $552,668
Assets and Liabilities:
- Total Assets: $1,927,915
- Total Liabilities: $1,634,909
- Net Assets: $293,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$154,796
Organization Details
Founding Year
1984
Principal Officer
Stuart Hartman
Website
www.rhf.orgNTEE Category
Code: P75 - Human services
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