Overview
What is Palmer House Inc?
Palmer House Inc is a non-profit organization, funded by the US Department of Housing and Urban Development (HUD), dedicated to providing housing for low-income elderly and handicapped individuals. Located in Lauderdale Lakes, FL, the organization operates as a project to meet the housing needs of vulnerable populations. Consisting mainly of rental units, Palmer House plays a pivotal role in ensuring adequate shelter for this demographic.
Is Palmer House Inc legitimate?
Palmer House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmer House 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: $169,094
For more financial information, click here
What is the mission statement of Palmer House Inc?
Palmer House Inc is dedicated to providing housing for low-income elderly and handicapped individuals. This initiative is a project under the US Department of Housing and Urban Development (HUD). The organization offers rental units, fulfilling its mission to accommodate those in need. Palmer House's primary goal is to ensure that the most vulnerable members of the community have a roof over their heads. The housing complex is just one aspect of the organization's efforts to make a difference in people's lives. By providing a safe and stable living environment, Palmer House aims to contribute to the overall well-being of its residents.
Who is the CEO of Palmer House Inc?
Rev Marcos Somarriba is the President of Palmer House Inc.
What is the revenue of Palmer House Inc?
Palmer House Inc's revenue in 2023 was $26,464,958.
Who are the executives of Palmer House Inc and what are their salaries?
The average compensation at Palmer House Inc during 2023 was $21,137. There are 8 employees and 6 volunteers at Palmer House Inc.
Here are 12 key members and their salaries:
- Rev Marcos Somarriba (President) [Trustee/Director]
- Rev Fernando Orejuela (Director)
- Rev Eduardo Logiste Felix (Director)
- Rev Juan J Sosa (Director)
- Rev Samuel Muodiaju (Director)
- Rev Fenly Saint Jean (Director)
- Rev Msgr Michael Souckar (Vice Pres./Secretary) [Trustee/Director]
- Rev Christopher Marino (Director)
- Rev Lucien Pierre (Treasurer) [Trustee/Director]
- Rev Jesus Ferras (Director)
- Rev Damian Flanagan (Director)
- Rev Msgr Roberto Garza (Director)
Where can I find the form 990 for Palmer House Inc?
The Palmer House Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Mission Statement of Palmer House Inc
Palmer House Inc, a nonprofit organization, is dedicated to providing housing for low-income elderly and handicapped individuals. This mission is part of a larger project initiated by the US Department of Housing and Urban Development (HUD). By offering rental units, Palmer House fulfills a crucial need for those in the community who require affordable housing.
Located in Lauderdale Lakes, FL, Palmer House plays an essential role in ensuring that vulnerable members of society have a safe and secure place to call home. The organization's commitment to its residents goes beyond just providing housing. It aims to make a meaningful impact on the lives of the elderly and handicapped individuals it serves, allowing them to live with dignity and independence.
Palmer House's rental units cater to individuals who may struggle to afford housing, enabling them to maintain a stable living situation and focus on their personal well-being. The organization's mission is not only about meeting basic housing needs but also about fostering a sense of community among its residents. By offering a supportive living environment, Palmer House empowers its residents to thrive and reach their full potential.
Impact
This information is meant to be a general summary of Palmer House Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Palmer House Inc's impact can be seen in the provision of essential housing for low-income elderly and handicapped individuals in Lauderdale Lakes, FL. By offering rental units to those in need, Palmer House Inc fulfills its mission to address housing insecurity among vulnerable populations. This initiative not only provides a safe and affordable living environment but also supports social and economic well-being for residents who may otherwise struggle to find suitable housing options. The organization's commitment to offering housing assistance contributes positively to the overall community welfare and helps create a more sustainable and inclusive society.
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 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$1,519,963
RENTAL INCOME, NET
Revenue
$346,922
COIN LAUNDRY AND VENDING
Revenue
$8,005
Organization Details
Founding Year
1988
Phone
(954) 484-1515
Principal Officer
Rev Marcos Somarriba
Main Address
4790 N STATE ROAD 7, LAUDERDALE LAKES, FL, 33319
NTEE Category
Code: L21Z - Housing
If you are a representative of Palmer House 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.