Overview
What is Telacu Housing - San Bernardino V Inc?
Telacu Housing - San Bernardino V Inc, a California-based nonprofit organization, was established in accordance with the state's not-for-profit statutes. Its primary mission is to operate Telacu Hacienda, a 75-unit housing community located in San Bernardino, California. This community serves low-income elderly individuals, adhering to Section 202 of the National Housing Act. The corporation's activities are focused on providing housing for this specific demographic, aiming to contribute positively to their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Telacu Housing - San Bernardino V Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the organization achieved a commendable 100% in accountability and finance, its overall score of 64% suggests that there are significant weaknesses in governance, particularly with respect to board independence and size.
The financial oversight appears strong, as evidenced by a perfect score in audit and oversight committee performance, along with effective conflict of interest and whistleblower policies. However, the lack of independent board members and the absence of certain compliance measures, such as posting their tax form on their website, highlight areas where the organization can enhance transparency and governance.
Despite these limitations, Telacu Housing demonstrates strong program expense management, indicating that the funds it raises are being utilized effectively for its mission-related activities. Addressing the noted governance issues could potentially elevate the organization's rating and improve its public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Housing - San Bernardino V Inc legitimate?
Telacu Housing - San Bernardino V Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing - San Bernardino V 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 V Inc?
Telacu Housing - San Bernardino V Inc, as a not-for-profit organization, was established with the primary purpose of operating a 75-unit housing community. This community, known as Telacu Hacienda, is situated in San Bernardino, California. The organization's mission is to provide housing for low-income elderly individuals, adhering to Section 202 of the National Housing Act. The organization's activities are centered around offering a residential space that caters to this specific demographic, aiming to contribute positively to their living situation.
Who is the CEO of Telacu Housing - San Bernardino V Inc?
Michael D Lizarraga is the President of Telacu Housing - San Bernardino V Inc.
What is the revenue of Telacu Housing - San Bernardino V Inc?
Telacu Housing - San Bernardino V Inc's revenue in 2022 was $749,169.
Who are the executives of Telacu Housing - San Bernardino V 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 V Inc?
Telacu Housing - San Bernardino V Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Housing - San Bernardino V Inc
Telacu Housing - San Bernardino V Inc, a not-for-profit corporation, was established with a primary objective. This objective involves operating a 75-unit community known as Telacu Hacienda, located in San Bernardino, California. The corporation's mission is to provide housing for low-income elderly individuals, adhering to Section 202 of the National Housing Act, as amended. This community serves as a sanctuary, offering shelter and essential amenities to its elderly residents, ensuring they live with dignity and security. The corporation's mission is rooted in its commitment to enhancing the living conditions of a vulnerable population, offering them a safe and comfortable environment to call home.
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Impact
July, 2024
Telacu Housing - San Bernardino V Inc's impact is primarily felt through its provision of affordable housing for low-income elderly persons at Telacu Hacienda in San Bernardino, California. This initiative aligns with the mission of the organization to address the housing needs of a vulnerable population, thus contributing to the well-being and stability of the community. By offering subsidized housing options, Telacu Housing - San Bernardino V Inc plays a crucial role in ensuring access to safe and comfortable living arrangements for elderly individuals who may otherwise struggle to afford suitable housing.
This information is meant to be a general summary of Telacu Housing - San Bernardino V 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: $383
- Program Service Revenue: $216,081
- Gross Receipts: $749,169
Assets and Liabilities:
- Total Assets: $8,400,309
- Total Liabilities: $12,221,650
- Net Assets: -$3,821,341
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$216,081
Organization Details
Founding Year
2008
Phone
(323) 721-1655Principal Officer
Michael D Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L21 - Housing
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