Overview
What is Pinehurst Retirement Housing Inc?
Pinehurst Retirement Housing Inc is a nonprofit corporation established in accordance with Texas's not-for-profit statutes. Its primary purpose is to manage a 50-unit community named Pinehurst Apartments situated in Palestine, Texas. This community offers housing for low-income elderly individuals. The organization receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. In June 2018, the original mortgage was refinanced under Section 207 of the National Housing Act. The refinancing was carried out under 223(F) of the same act, ensuring continued support for the housing community.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating
Pinehurst Retirement Housing Inc has earned an 82% score, achieving a Three-Star rating primarily due to its strong accountability and finance practices. The rating reflects a careful assessment based solely on a single beacon score, showcasing the organization’s commitment to transparency and effective financial management.
The organization demonstrates significant strengths in governance, with a fully independent board and robust policies in place for conflicts of interest and whistleblowing. Notably, it has maintained a high program expense ratio of 91.22%, indicating that a substantial portion of its resources is directed towards its mission.
However, the organization faces a challenge with its liabilities to assets ratio, which stands at 124.41%. This suggests potential financial instability, as liabilities exceed assets. While Pinehurst Retirement Housing Inc exhibits a strong commitment to accountability, addressing this financial concern may be crucial for its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Pinehurst Retirement Housing Inc legitimate?
Pinehurst Retirement Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pinehurst 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 Pinehurst Retirement Housing Inc?
Pinehurst Retirement Housing Inc is a non-profit organization, established in accordance with the not-for-profit statutes of Texas. Its primary purpose is to operate a 50-unit housing community, named Pinehurst Apartments, which provides affordable housing for low-income elderly individuals. The corporation receives housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. In June 2018, the original mortgage was refinanced under Section 207 of the same act. While the provided information does not explicitly state a mission statement, it can be inferred that the organization's mission is to provide affordable housing and support for low-income elderly people.
Official website here: www.rhf.org
Who is the CEO of Pinehurst Retirement Housing Inc?
Hartman Stuart J is the CEO of Pinehurst Retirement Housing Inc The CEO's salary of Pinehurst Retirement Housing Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Pinehurst Retirement Housing Inc?
Pinehurst Retirement Housing Inc's revenue in 2024 was $527,469.
Official website here: www.rhf.org
Who are the executives of Pinehurst Retirement Housing Inc and what are their salaries?
Here are 36 key members and their salaries (Pinehurst 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Pinehurst Retirement Housing Inc?
Pinehurst 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 Pinehurst Retirement Housing Inc
Pinehurst Retirement Housing Inc, a non-profit organization established in accordance with Texas's not-for-profit statutes, was formed with a mission to operate a 50-unit community known as Pinehurst Apartments. Located in an unspecified area, this community provides affordable housing for low-income elderly individuals. The corporation relies on housing assistance payments from the U.S. Department of Housing and Urban Development, awarded under Section 202 of the National Housing Act. In June 2018, Pinehurst Retirement Housing Inc refinanced its original mortgage under Section 207, following the guidelines of 223(F) of the National Housing Act. This refinancing process further secured the organization's ability to offer safe, affordable housing to its elderly residents. In essence, Pinehurst Retirement Housing Inc is dedicated to serving the elderly community by providing them with a secure living environment and essential housing assistance.
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Impact
July, 2024
Pinehurst Retirement Housing Inc's impact is focused on providing much-needed housing for low-income elderly persons in the community. Through its operation of the Pinehurst Apartments in Palestine, Texas, the organization offers a safe and affordable living space for seniors in need. By receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Pinehurst Retirement Housing Inc plays a crucial role in supporting this vulnerable population. Their dedication to this mission helps ensure that elderly individuals have access to suitable housing options, enhancing their quality of life and well-being.
This information is meant to be a general summary of Pinehurst 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: $7,619
- Program Service Revenue: $151,623
- Gross Receipts: $527,469
Assets and Liabilities:
- Total Assets: $2,094,031
- Total Liabilities: $2,445,403
- Net Assets: -$351,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$151,623
Organization Details
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