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Portales Retirement Housing Corporation

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

EIN: 850249296 ✦ Portales, NM ✦ Designated as a 501(c)(3)

Overview

What is Portales Retirement Housing Corporation?

Portales Retirement Housing Corporation is a nonprofit organization situated in Portales, New Mexico, dedicated to supporting low-income senior citizens. It operates as a retirement community, providing a living space for these individuals. The organization's primary mission is to offer assistance to those in need, ensuring they can maintain a comfortable lifestyle in their golden years. Portales Retirement Housing Corporation aims to make a difference in the lives of its residents, making it an essential part of the community.


Is Portales Retirement Housing Corporation legitimate?

Portales Retirement Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portales Retirement Housing Corporation 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: $62,454

For more financial information, click here


What is the mission statement of Portales Retirement Housing Corporation?
Who is the CEO of Portales Retirement Housing Corporation?
What is the revenue of Portales Retirement Housing Corporation?
Who are the executives of Portales Retirement Housing Corporation and what are their salaries?
Where can I find the form 990 for Portales Retirement Housing Corporation?

Mission Statement of Portales Retirement Housing Corporation

Portales Retirement Housing Corporation, as a nonprofit organization, is committed to assisting individuals with limited income. Its primary mission is to serve as a retirement community for senior citizens, providing them with a supportive environment in Portales, NM. By operating as a retirement home, this organization seeks to enhance the lives of its elderly residents, offering them a place to live with dignity and security.

Impact

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




Wednesday, July 24, 2024

Portales Retirement Housing Corporation's impact is significant in providing assistance to low-income residents in Portales, NM. By operating as a retirement community for senior citizens, the organization plays a crucial role in ensuring affordable housing options for this vulnerable population. Through their mission to assist low-income residents, Portales Retirement Housing Corporation contributes to improving the quality of life and well-being of senior citizens in the community. Their focus on addressing housing needs aligns with their commitment to supporting those in need and creating a more inclusive and supportive environment for all residents.





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: $173
  • Program Service Revenue: $499,449
  • Gross Receipts: $671,518

    • Assets and Liabilities:
  • Total Assets: $373,588
  • Total Liabilities: $613,900
  • Net Assets: -$240,312
  • Programs

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

    RENT INCOME

    Revenue

    $499,449

    Organization Details

    Founding Year

    1984

    Principal Officer

    Sandy Chancey

    Main Address

    718 WYLIE COX CIRCLE, PORTALES, NM, 88130

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Portales Retirement Housing Corporation 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.