Penn-North Plaza Inc

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

EIN: 521722562 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

Overview

What is Penn-North Plaza Inc?

Penn-North Plaza Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 1520 W North Avenue. Their primary mission is to offer safe and affordable housing to individuals who fall under the categories of low-income elderly and persons with disabilities. This is achieved through the operation and management of subsidized apartment rentals, such as the Penn North Apartments, which comprises 66 units. The organization's goal is to make housing accessible to these vulnerable groups, thereby contributing to their overall well-being.


Is Penn-North Plaza Inc legitimate?

Penn-North Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penn-North Plaza 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: $109,691

For more financial information, click here


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

Mission Statement of Penn-North Plaza Inc

Penn-North Plaza Inc, a nonprofit organization, is dedicated to providing safe and affordable housing for individuals who fall under the categories of low-income, elderly, and those with disabilities. The organization's primary mission is to cater to the housing needs of these vulnerable groups, ensuring they have access to suitable living conditions without straining their financial resources. This mission is accomplished through the ownership and operation of subsidized apartment rentals, such as the Penn North Apartments, which comprises 66 rental units. By providing affordable housing, Penn-North Plaza Inc contributes to the overall well-being and stability of its residents, enabling them to focus on other essential aspects of their lives.

Impact

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




Wednesday, July 24, 2024

Penn-North Plaza Inc's impact lies in providing safe and affordable housing to low-income, elderly, and persons with disabilities in Baltimore, Maryland. Their ownership and operation of subsidized apartment rentals at the Penn North Apartments, which comprises 66 rental units, directly addresses the critical need for accessible housing for vulnerable populations in the community. This organization plays a key role in ensuring that individuals who are often marginalized or at risk of homelessness have a stable and secure place to call home, contributing to their overall well-being and quality of life. Through their dedication to affordable housing, Penn-North Plaza Inc positively impacts the lives of those they serve, promoting dignity, security, and inclusivity within the community.





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: $12
  • Program Service Revenue: $228,508
  • Gross Receipts: $633,886

    • Assets and Liabilities:
  • Total Assets: $1,346,169
  • Total Liabilities: $4,132,700
  • Net Assets: -$2,786,531
  • Programs

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

    RENTAL INCOME

    Revenue

    $228,508

    Organization Details

    Founding Year

    1992

    Principal Officer

    Neva W Brown

    Main Address

    1520 W NORTH AVENUE, BALTIMORE, MD, 21217

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Penn-North Plaza 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.