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Penates Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113138729 ✦ Bay shore, NY ✦ Designated as a 501(c)(3)

Overview

What is Penates Inc?

Penates Inc is a compassionate nonprofit organization situated in Bay Shore, New York (specifically at PO Box 5852). Their primary mission is to address the pressing issue of homelessness in Suffolk County by operating housing shelters and providing essential support services. With a dedicated workforce of 55 employees, they strive to uplift and assist homeless individuals and families, offering them a much-needed sanctuary and essential resources during challenging times.


Is Penates Inc legitimate?

Penates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penates 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,701,639

For more financial information, click here


What is the mission statement of Penates Inc?
Who is the CEO of Penates Inc?
What is the revenue of Penates Inc?
Who are the executives of Penates Inc and what are their salaries?
Where can I find the form 990 for Penates Inc?

Mission Statement of Penates Inc

Penates Inc, a nonprofit organization, is dedicated to addressing homelessness in its community. Its primary mission is to operate housing shelters and provide support services for individuals and families who are currently homeless. By offering shelter, Penates Inc provides a safe and stable environment for these individuals, enabling them to focus on rebuilding their lives. Additionally, the organization offers a range of support services to help homeless individuals overcome the challenges they face. These services may include job placement assistance, financial counseling, and access to mental health resources, among other things. By offering both shelter and support services, Penates Inc is committed to helping homeless individuals and families in Suffolk County achieve stability and independence.

Impact

This information is meant to be a general summary of Penates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Penates Inc has a significant impact on the local community in Suffolk County, NY by operating housing shelters and providing support services for homeless individuals and families. Their mission to address homelessness directly impacts the lives of those in need by offering them a safe place to stay and access to resources to improve their situations. Through their efforts, Penates Inc contributes to helping individuals and families in Suffolk County transition out of homelessness and towards a more stable future.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $2,541,790

    • Assets and Liabilities:
  • Total Assets: $306,069
  • Total Liabilities: $657,995
  • Net Assets: -$351,926
  • Organization Details

    Founding Year

    1992

    Principal Officer

    Carol Berkowitz

    Main Address

    PO BOX 5852, Bay Shore, NY, 11706

    NTEE Category

    Code: L410 - Housing

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