Overview
What is Drachma Housing Inc?
Drachma Housing Inc, situated in Berkeley, California, is a nonprofit organization with a mission to provide affordable housing solutions for low-income individuals. The organization, which is tax-exempt, has a specific objective of offering 14 housing units to those in need. The core activity of Drachma Housing Inc is dedicated to making housing more accessible and affordable for this particular demographic, thereby contributing positively to the community.
Is Drachma Housing Inc legitimate?
Drachma Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drachma Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,799
For more financial information, click here
What is the mission statement of Drachma Housing Inc?
Drachma Housing Inc, as a mission-driven organization, is committed to providing affordable housing solutions for individuals with limited income. The organization's primary objective is to offer 14 residential units that are financially accessible to this demographic. Their tax-exempt purpose is deeply rooted in this mission, aiming to make a significant impact in the lives of those in need of affordable housing.
Who is the CEO of Drachma Housing Inc?
Dan Sawislak is the Ceo of Drachma Housing Inc. The CEO's salary of Drachma Housing Inc is $0 and their total compensation is $250,048.
What is the revenue of Drachma Housing Inc?
Drachma Housing Inc's revenue in 2022 was $388,381.
Who are the executives of Drachma Housing Inc and what are their salaries?
There 12 volunteers at Drachma Housing Inc.
Here are 14 key members and their salaries (Drachma Housing Inc's CEO's salary is $0 and their total compensation is $250,048):
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- Related: $201,369
- Other: $48,679
- Compensation: $0
- Related: $148,535
- Other: $40,167
Where can I find the form 990 for Drachma Housing Inc?
Drachma Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Drachma Housing Inc
Drachma Housing Inc is dedicated to serving the community by providing affordable housing solutions for individuals with low incomes. The organization's primary mission is to contribute to the housing landscape by offering 14 units that are reasonably priced, catering to those who may otherwise struggle to secure adequate housing. By doing so, Drachma Housing Inc aims to make a tangible impact on the lives of its residents, contributing to their overall well-being and stability.
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Impact
October, 2024
Drachma Housing Inc plays a crucial role in addressing the affordable housing crisis in Berkeley, CA. By providing 14 units of affordable housing, the organization directly supports low-income individuals and families, ensuring they have access to safe and stable living conditions. This initiative not only alleviates financial stress for residents but also fosters community stability and enhances overall quality of life. The impact extends beyond housing, as stable living environments contribute to better health outcomes, educational opportunities, and economic growth in the community. Through its mission, Drachma Housing Inc helps to create a more equitable and inclusive society.
This information is meant to be a general summary of Drachma Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2022.
- Investment Income: $217
- Program Service Revenue: $120,757
- Gross Receipts: $388,381
Assets and Liabilities:
- Total Assets: $3,496,984
- Total Liabilities: $5,916,381
- Net Assets: -$2,419,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$120,336
OTHER INCOME
Revenue
$421
Organization Details
Founding Year
2001
Phone
(510) 841-4410Principal Officer
Dan Sawislak
Main Address
2220 OXFORD STREET, BERKELEY, CA, 94704
NTEE Category
Code: L21 - Housing
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