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Palermo Lakes Inc

Palermo Lakes Apartments

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

EIN: 300250767 ✦ Plantation, FL ✦ Designated as a 501(c)(3)

Overview

What is Palermo Lakes Inc?

Palermo Lakes Inc, operating under the business name Palermo Lakes Apartments, is a nonprofit organization based in Plantation, Florida. Its primary mission is to provide affordable housing for the elderly and individuals with disabilities. Regulated and assisted by the Department of Housing and Urban Development (HUD), Palermo Lakes Inc plays a significant role in making housing accessible for those in need. With a small team of five dedicated employees, the organization ensures that their housing units meet the necessary standards, offering a safe and comfortable living environment for its residents.


Official website here: www.ehdoc.org

Is Palermo Lakes Inc legitimate?

Palermo Lakes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palermo Lakes 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: $225,398

For more financial information, click here


Official website here: www.ehdoc.org

What is the mission statement of Palermo Lakes Inc?

Palermo Lakes Inc is dedicated to providing low-income housing for the elderly and handicapped. This mission is overseen and supported by the Department of Housing and Urban Development (HUD). The organization's primary focus is on offering a regulated and assisted living environment for this specific group of individuals, ensuring they have a safe and suitable place to reside. By doing so, Palermo Lakes Inc contributes to the well-being and independence of these vulnerable groups, providing them with a sense of community and security.


Official website here: www.ehdoc.org

Who is the CEO of Palermo Lakes Inc?

Melanie Ribeiro is the Director of Palermo Lakes Inc.


Official website here: www.ehdoc.org

What is the revenue of Palermo Lakes Inc?

Palermo Lakes Inc's revenue in 2022 was $839,340.


Official website here: www.ehdoc.org

Who are the executives of Palermo Lakes Inc and what are their salaries?

The average compensation at Palermo Lakes Inc during 2022 was $45,080. There are 5 employees at Palermo Lakes Inc.

Here are 8 key members and their salaries:

    Melanie Ribeiro (Director)
  • Compensation: $0
  • Related: $346,895
  • Other: $110,937

    • John Olsen (Director)
  • Compensation: $0
  • Related: $26,541
  • Other: $4,777

    • Maria Cordone (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherwood Dubose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Fransetta (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erica Schmelzer (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Shelton (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ehdoc.org

    Where can I find the form 990 for Palermo Lakes Inc?

    The Palermo Lakes Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ehdoc.org

    Learn more at the official website: www.ehdoc.org

    Mission Statement of Palermo Lakes Inc

    Palermo Lakes Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly and individuals with disabilities. This mission is overseen and supported by the Department of Housing and Urban Development (HUD). The organization's primary role is to ensure that these vulnerable populations have access to suitable living accommodations, which are regulated and assisted by HUD. This commitment to social welfare and housing equality is Palermo Lakes Inc's mission in action.

    Impact

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




    Thursday, August 15, 2024

    Palermo Lakes Inc's impact lies in providing affordable housing options for low-income elderly and handicapped individuals. By operating housing units that are regulated and assisted by the Department of Housing and Urban Development (HUD), Palermo Lakes Inc plays a crucial role in ensuring that vulnerable populations have access to safe and suitable living accommodations. Through its mission of offering low-income housing for the elderly and handicapped, Palermo Lakes Inc contributes to improving the quality of life for individuals who may otherwise struggle to secure affordable housing.





    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: $2,484
  • Program Service Revenue: $835,785
  • Gross Receipts: $839,340

    • Assets and Liabilities:
  • Total Assets: $10,839,596
  • Total Liabilities: $2,011,277
  • Net Assets: $8,828,319
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT ASSISTANCE PAYMENTS

    Revenue

    $528,670

    RENT REVENUE

    Revenue

    $307,115

    Organization Details

    Founding Year

    2004

    Principal Officer

    Melanie Ribeiro

    Main Address

    1200 SOUTH PINE ISLAND ROAD STE 725, PLANTATION, FL, 33324

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Palermo Lakes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.