Overview
What is Las Cortes Inc?
Las Cortes Inc, established in Oxnard, California, is a nonprofit organization that was authorized in 2005 with the primary goal of creating affordable housing. It is currently the sole Oxnard-based non-profit entity focusing on this mission. The organization has been involved in the development of three affordable housing projects: Las Cortes, Paseo Nuevo, and Terraza de Las Cortes. Las Cortes Inc's mission extends beyond just providing housing; it also supports social services to empower its residents, aiming to enhance the quality of life in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Las Cortes Inc received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strong accountability and financial practices, it has significant areas needing improvement. The organization excels in having a fully independent board and effective management of assets, as reflected in its perfect scores for various accountability metrics.
Despite these strengths, Las Cortes Inc faces critical shortcomings, particularly in transparency and policy implementation. The absence of a conflict of interest policy, whistleblower policy, and document retention policy contributes to its lower overall score. Additionally, the lack of a listed tax form on its website suggests an opportunity for greater transparency with stakeholders.
Overall, while Las Cortes Inc shows a solid commitment to its financial responsibilities and board independence, the organization needs to address its policy deficiencies to enhance accountability and build trust with the public and its donors.
This AI summary has been generated from information found on Charity Navigator.
Is Las Cortes Inc legitimate?
Las Cortes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Cortes 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
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What is the mission statement of Las Cortes Inc?
Las Cortes Inc's mission is centered around providing affordable housing and offering social services to empower its residents. The organization aims to create high-quality housing that is accessible to all, establishing itself as a valued resource in this area. Beyond housing, Las Cortes Inc also provides essential social services to help its residents thrive, with the ultimate goal of empowering them to lead fulfilling lives. To achieve this, the corporation has engaged in various housing projects, including the demolition and replacement of public housing units, as well as the development of affordable rental properties.
What is the revenue of Las Cortes Inc?
Las Cortes Inc's revenue in 2024 was $44,160.
Who are the executives of Las Cortes Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Las Cortes Inc?
Las Cortes Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Las Cortes Inc
Las Cortes Inc, a non-profit organization, is dedicated to providing quality, affordable housing and supporting social services to empower its residents. Established with the authorization of the city council, Las Cortes Inc is the only Oxnard-based non-profit actively engaged in the production of affordable housing. The organization has been instrumental in the development of various affordable housing projects, including the demolition and replacement of 260 public housing units, the construction of a 72-unit rental project named Paseo Nuevo, and the establishment of Terrazas de Las Cortes, a 64-unit affordable rental housing project situated on Carmelita Court in Oxnard. By offering affordable housing and supporting social services, Las Cortes Inc aims to enhance the lives of its residents, empowering them to lead fulfilling lives.
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Impact
August, 2024
Las Cortes Inc's impact is significant in Oxnard, California, as it is the only nonprofit organization in the city dedicated to producing affordable housing. Through their projects like Las Cortes, Paseo Nuevo, and Terraza de Las Cortes, they have provided much-needed affordable housing options for residents. Additionally, by offering social services to empower residents, Las Cortes Inc is not only addressing the need for housing but also supporting the overall well-being and stability of the community. Their work is helping to ensure that individuals and families in Oxnard have access to quality affordable housing, ultimately contributing to the economic and social development of the city.
This information is meant to be a general summary of Las Cortes 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 2024.
- Program Service Revenue: $44,160
- Gross Receipts: $44,160
Assets and Liabilities:
- Total Assets: $1,185,841
- Total Liabilities: $595,720
- Net Assets: $590,121
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT/MANAGEMENT
Revenue
$56,406
Organization Details
Founding Year
2005
Principal Officer
Vincent Stewart
NTEE Category
Code: L200 - Housing
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