Overview
What is Jennings Senior Housing Inc?
Jennings Senior Housing Inc, established in 2005, is a California-based nonprofit organization dedicated to providing affordable housing for low-income seniors. The organization, headquartered in Walnut Creek, California, constructed and operates a senior living complex in Santa Rosa, completed in 2008. The project, regulated by the U.S. Department of Housing and Urban Development (HUD), operates under Section 202 of the National Housing Act, ensuring rental affordability for its inhabitants. The complex comprises 54 partially subsidized units and a manager's unit, serving 54 seniors in the year under consideration. Jennings Senior Housing Inc's mission is to construct, own, and manage affordable housing facilities for senior citizens, providing them with a comfortable living environment.
Official website here: www.covia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Jennings Senior Housing Inc has received a solid Three-Star rating from Charity Navigator, reflecting an 85% score focused on Accountability & Finance. This rating indicates that the organization demonstrates a good level of financial health and transparency, which is crucial for gaining donor trust and ensuring effective use of resources.
The organization stands out with a fully independent board, showcasing strong governance practices. Jennings Senior Housing Inc excels in various financial metrics, including a high program expense ratio of 90.93%, which suggests that a significant portion of its funding is directed toward its core mission rather than administrative costs. Additionally, the presence of comprehensive policies regarding financial oversight, conflict of interest, and whistleblower protections further underscores its commitment to accountability.
While the rating is strong, it is important for potential supporters to remain informed about any ongoing developments or changes within the organization. Overall, Jennings Senior Housing Inc appears to manage its resources responsibly, positioning itself as a trustworthy nonprofit in the senior housing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Jennings Senior Housing Inc legitimate?
Jennings Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jennings Senior 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: $107,508
For more financial information, click here
Official website here: www.covia.org
What is the mission statement of Jennings Senior Housing Inc?
Jennings Senior Housing Inc, as a nonprofit organization, is committed to constructing, owning, and operating affordable housing for low-income seniors. This mission is carried out by establishing an independent living complex specifically designed for this demographic. The project, completed in 2008, consists of 54 partially subsidized units and one manager's unit, regulated by the U.S. Department of Housing and Urban Development (HUD) to ensure rent charges, operating methods, and asset usage are in compliance. HUD agreements set maximum income levels for tenants and provide rent restrictions until 2048. The project serves 54 individuals annually, offering them affordable housing options.
Official website here: www.covia.org
Who is the CEO of Jennings Senior Housing Inc?
Eduardo Salvador is the Chairman of Jennings Senior Housing Inc. The CEO's salary of Jennings Senior Housing Inc is $0 and their total compensation is $223,210.
Official website here: www.covia.org
What is the revenue of Jennings Senior Housing Inc?
Jennings Senior Housing Inc's revenue in 2022 was $533,833.
Official website here: www.covia.org
Who are the executives of Jennings Senior Housing Inc and what are their salaries?
The average compensation at Jennings Senior Housing Inc during 2022 was $21,502. There are 5 employees and 18 volunteers at Jennings Senior Housing Inc.
Here are 18 key members and their salaries (Jennings Senior Housing Inc's CEO's salary is $0 and their total compensation is $223,210):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $1,032,702
- Other: $10,267
- Compensation: $0
- Related: $543,764
- Other: $49,111
- Compensation: $0
- Related: $490,744
- Other: $28,922
- Compensation: $0
- Related: $241,150
- Other: $49,252
- Compensation: $0
- Related: $216,226
- Other: $19,099
- Compensation: $0
- Related: $478,264
- Other: $56,639
- Compensation: $0
- Related: $500,719
- Other: $15,679
- Compensation: $0
- Related: $471,771
- Other: $11,719
- Compensation: $0
- Related: $442,942
- Other: $10,980
- Compensation: $0
- Related: $373,068
- Other: $33,370
- Compensation: $0
- Related: $217,139
- Other: $6,071
Official website here: www.covia.org
Where can I find the form 990 for Jennings Senior Housing Inc?
Jennings Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covia.org
Learn more at the official website: www.covia.org
Mission Statement of Jennings Senior Housing Inc
Jennings Senior Housing Inc, a California-based nonprofit corporation, was established with a mission to construct, own, and operate affordable housing specifically for low-income seniors. This organization, formed in 2005, successfully completed and commenced operations of an independent living complex in Santa Rosa, California in 2008. Operating under Section 202 of the National Housing Act, this project is regulated by the United States Department of Housing and Urban Development (HUD) in terms of rent charges, operating methods, and asset use.
HUD and various agreements in place dictate maximum income levels for tenants and provide rent restrictions, ensuring the project's affordability through 2048. Jennings Senior Housing Inc manages 54 partially subsidized units with one manager's unit, serving 54 low-income senior residents during the year. The project, operated under HUD regulations, aims to provide affordable housing and a safe living environment for its elderly residents, contributing to their overall well-being and independence.
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Impact
July, 2024
Jennings Senior Housing Inc's impact lies in providing a much-needed service to low-income seniors in Santa Rosa, California. By constructing, owning, and operating an independent living complex, the organization has created a safe and affordable housing option for this vulnerable population. With 54 partially subsidized units, Jennings Senior Housing Inc has served numerous individuals who may have otherwise struggled to find suitable housing. Overall, the organization's efforts contribute to the well-being and security of low-income seniors in the community.
This information is meant to be a general summary of Jennings Senior 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: $117
- Program Service Revenue: $525,495
- Gross Receipts: $533,833
Assets and Liabilities:
- Total Assets: $3,212,367
- Total Liabilities: $14,718,601
- Net Assets: -$11,506,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD ASSISTANCE INCOME
Revenue
$295,968
RENTAL INCOME
Revenue
$229,527
Organization Details
Founding Year
2005
Phone
(925) 956-7400Principal Officer
Eduardo Salvador
Main Address
2185 N CALIFORNIA BLVD 215, WALNUT CREEK, CA, 94596
Website
www.covia.orgNTEE Category
Code: L22 - Housing
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