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Preferred Properties Inc

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

EIN: 341715222 ✦ Toledo, OH ✦ Designated as a 501(c)(3)

Overview

What is Preferred Properties Inc?

Preferred Properties Inc, situated in Toledo, Ohio, is a dedicated nonprofit organization with a mission to provide affordable and accessible housing for individuals with disabilities, seniors, and those in need. With a workforce of 18 passionate individuals, their goal is to facilitate community integration by creating and managing housing solutions tailored to these groups. They strive to offer a choice of living environments, ensuring that their residents can thrive within their desired communities.


Official website here: www.preferred-properties.org

Is Preferred Properties Inc legitimate?

Preferred Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preferred Properties 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: $96,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $446,441

For more financial information, click here


Official website here: www.preferred-properties.org

What is the mission statement of Preferred Properties Inc?

Preferred Properties Inc's mission is centered around providing affordable and accessible housing for individuals with disabilities, seniors, and others in need. Their objective is to establish and manage such housing facilities, aiming to enable these groups to choose their desired community. The organization's mission is geared towards creating living spaces that cater to the unique needs of these groups, fostering a sense of community and independence.


Official website here: www.preferred-properties.org

Who is the CEO of Preferred Properties Inc?

Cheryl Wilson is the Trustee of Preferred Properties Inc.


Official website here: www.preferred-properties.org

What is the revenue of Preferred Properties Inc?

Preferred Properties Inc's revenue in 2022 was $1,320,983.


Official website here: www.preferred-properties.org

Who are the executives of Preferred Properties Inc and what are their salaries?

The average compensation at Preferred Properties Inc during 2022 was $30,156. There are 18 employees and 7 volunteers at Preferred Properties Inc.

Here are 8 key members and their salaries:

    Cheryl Wilson (Executive Director)
  • Compensation: $71,120
  • Related: $12,552
  • Other: $12,689

    • Julia Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leslye Colbert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Nolan (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jean Abercrombe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Cox (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenda Hudson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tamara Wittkofske (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.preferred-properties.org

    Where can I find the form 990 for Preferred Properties Inc?

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


    Official website here: www.preferred-properties.org

    Learn more at the official website: www.preferred-properties.org

    Mission Statement of Preferred Properties Inc

    Preferred Properties Inc, a nonprofit organization, is dedicated to fulfilling a mission that involves creating and managing affordable and accessible housing options for individuals with disabilities, seniors, and others in need. This mission is geared towards facilitating their choice of community. By providing affordable housing, Preferred Properties Inc aims to empower these individuals, enabling them to live with dignity and independence within their preferred communities.

    Impact

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




    Thursday, August 15, 2024

    Preferred Properties Inc's impact is significant in providing affordable and accessible housing for persons with disabilities and others in need. By offering affordable housing options, they contribute to improving the quality of life for individuals facing challenges in finding suitable accommodation. Their focus on creating and managing housing options for persons with disabilities, seniors, and others in need aligns with their mission to facilitate choice of community and ensure access to stable and supportive living environments. Through their work, Preferred Properties Inc plays a key role in promoting community improvement and enhancing the well-being of vulnerable populations in Toledo, Ohio.





    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: $86,078
  • Program Service Revenue: $635,083
  • Gross Receipts: $1,320,983

    • Assets and Liabilities:
  • Total Assets: $7,733,847
  • Total Liabilities: $403,131
  • Net Assets: $7,330,716
  • Programs

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

    RENTAL INCOME

    Revenue

    $360,791

    MANAGEMENT FEE INCOME

    Revenue

    $274,292

    Organization Details

    Founding Year

    1992

    Principal Officer

    Cheryl Wilson

    Main Address

    5555 AIRPORT HIGHWAY 145, TOLEDO, OH, 43615

    NTEE Category

    Code: S20Z - Community improvement

    If you are a representative of Preferred Properties 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.