Overview
What is Telacu Housing - San Bernardino Iv Inc?
Telacu Housing - San Bernardino Iv Inc. is a California-based, nonprofit organization, established in accordance with the state's not-for-profit statutes. Its primary objective is to manage a 90-unit housing community named Telacu La Amistad, situated in San Bernardino, California. This community is dedicated to providing affordable housing for low-income elderly people, as per Section 202 of the National Housing Act. The corporation's mission is deeply rooted in supporting this community, ensuring that elderly individuals have access to a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator rating: 64%, Two-Star out of Four Star rating.
Telacu Housing - San Bernardino Iv Inc has received a two-star rating, primarily reflecting concerns over its governance and financial accountability. The organization scored well in specific areas such as financial statements oversight and the presence of a whistleblower policy, indicating a degree of operational integrity. However, it lacks independent board members and has a low score in the liabilities to assets ratio, raising questions about its financial stability.
Strengths of the nonprofit include a solid program expense ratio, which suggests that a significant portion of its funds is directed towards its programs. The organization also adheres to several essential policies, including those related to conflicts of interest and document retention. Despite these strengths, the absence of an independent board and the lack of transparency regarding financial documentation on its website are notable weaknesses that contribute to its overall low accountability score.
In summary, while Telacu Housing - San Bernardino Iv Inc demonstrates a commitment to certain governance principles, the significant deficiencies in board independence and financial oversight may limit its effectiveness and public trust. This highlights the need for improvements in governance to enhance its overall rating and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Housing - San Bernardino Iv Inc legitimate?
Telacu Housing - San Bernardino Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing - San Bernardino Iv 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: $0
For more financial information, click here
What is the mission statement of Telacu Housing - San Bernardino Iv Inc?
Telacu Housing - San Bernardino Iv Inc, a not-for-profit organization, was established with the purpose of providing housing for low-income elderly individuals. This is achieved through the operation of a 90-unit community known as Telacu La Amistad, located in San Bernardino, California. The organization adheres to Section 202 of the National Housing Act, a legislative provision aimed at addressing housing needs for the elderly. In essence, Telacu Housing - San Bernardino Iv Inc is dedicated to offering affordable housing solutions for the elderly population.
Who is the CEO of Telacu Housing - San Bernardino Iv Inc?
Michael D Lizarraga is the President of Telacu Housing - San Bernardino Iv Inc.
What is the revenue of Telacu Housing - San Bernardino Iv Inc?
Telacu Housing - San Bernardino Iv Inc's revenue in 2022 was $782,634.
Who are the executives of Telacu Housing - San Bernardino Iv Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,889,036
- Other: $34,761
- Compensation: $0
- Related: $249,667
- Other: $15,864
- Compensation: $0
- Related: $955,911
- Other: $32,937
- Compensation: $0
- Related: $25,640
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $36,000
- Other: $0
Where can I find the form 990 for Telacu Housing - San Bernardino Iv Inc?
Telacu Housing - San Bernardino Iv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Housing - San Bernardino Iv Inc
Telacu Housing - San Bernardino Iv Inc, a not-for-profit corporation, was established with the objective of providing housing for low-income elderly individuals. This mission is carried out through the operation of a 90-unit community known as Telacu La Amistad, situated in San Bernardino, California. The corporation's purpose aligns with Section 202 of the National Housing Act, aiming to provide a safe and secure living environment for this specific demographic. Telacu Housing - San Bernardino Iv Inc's mission is centered around the provision of affordable housing, ensuring that elderly individuals can maintain their independence and dignity while living in a supportive community.
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Impact
July, 2024
Telacu Housing - San Bernardino IV Inc's impact is in providing affordable housing for low-income elderly persons in San Bernardino, California through their community known as Telacu La Amistad. This initiative helps address the housing needs of a vulnerable population, contributing to the welfare and stability of the community. By offering housing in accordance with Section 202 of the National Housing Act, the organization plays a critical role in supporting the well-being and quality of life of elderly individuals who may struggle to find suitable and affordable housing options.
This information is meant to be a general summary of Telacu Housing - San Bernardino Iv 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: $312
- Program Service Revenue: $317,273
- Gross Receipts: $782,634
Assets and Liabilities:
- Total Assets: $10,810,794
- Total Liabilities: $16,925,012
- Net Assets: -$6,114,218
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$317,273
Organization Details
Founding Year
2007
Phone
(323) 721-1655Principal Officer
Michael D Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L22 - Housing
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