Overview
What is Eden Housing Inc?
Eden Housing Inc, a California-based nonprofit organization, has developed or acquired over 12,000 affordable homes for low-income individuals and families. With a current portfolio of 157 properties, they have expanded their reach in 2022 by acquiring 143 housing units and developing 112 new ones. Additionally, they secured financing and closed construction on three projects, totaling 248 units, and obtained entitlements for five projects with 521 units. The mission of Eden Housing Inc is to create and sustain high-quality affordable housing communities, promoting equity and opportunity for all. They currently serve more than 22,000 residents and have a waitlist of 30,000 households seeking affordable housing.
Official website here: www.edenhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Eden Housing Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 96 in Accountability & Finance and a Culture & Community score of 91, the organization demonstrates strong governance practices and community engagement. The board of directors is notably composed of 94% independent members, enhancing its oversight capabilities.
The organization's financial management is robust, as evidenced by a high Program Expense Ratio of 70.06%, showing that a significant portion of its resources is directed toward fulfilling its mission. Eden Housing also excels in stakeholder feedback, receiving perfect scores in collection, usage, and overall constituent satisfaction, indicating a strong commitment to responsiveness.
While the organization has demonstrated strong equity strategies with a score of 87, there is always room for improvement in this area. However, the absence of any material diversion of assets and effective policies regarding conflicts of interest and whistleblower protections further solidify Eden Housing's reputation as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Eden Housing Inc legitimate?
Eden Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eden 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: $2,602,677
Professional Fundraising Fees: $38,175
Other Salaries and Wages: $9,944,598
For more financial information, click here
Official website here: www.edenhousing.org
What is the mission statement of Eden Housing Inc?
Eden Housing Inc is dedicated to creating and sustaining high-quality affordable housing communities that promote equity and opportunity for all. Through their efforts, they have developed or acquired over 12,000 affordable homes for low-income individuals and families. In 2022, they added 143 housing units and built 112 new units. The organization has also secured financing, closed construction on three projects, and gained entitlements for five more. Eden Housing is committed to addressing the housing crisis by serving more than 22,000 low-income residents from diverse backgrounds and cultures, with a waiting list of 30,000 households seeking an affordable home.
Official website here: www.edenhousing.org
What is the revenue of Eden Housing Inc?
Eden Housing Inc's revenue in 2023 was $56,108,519.
Official website here: www.edenhousing.org
Who are the executives of Eden Housing Inc and what are their salaries?
The average compensation at Eden Housing Inc during 2023 was $55,274. There are 227 employees and 150 volunteers at Eden Housing Inc.
Here are 28 key members and their salaries:
- Compensation: $600,190
- Related: $0
- Other: $41,962
- Compensation: $430,960
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- Other: $20,086
- Compensation: $421,960
- Related: $0
- Other: $11,324
- Compensation: $362,162
- Related: $0
- Other: $43,981
- Compensation: $331,133
- Related: $0
- Other: $50,019
- Compensation: $295,714
- Related: $0
- Other: $48,788
- Compensation: $259,234
- Related: $0
- Other: $43,580
- Compensation: $271,522
- Related: $0
- Other: $24,175
- Compensation: $276,084
- Related: $0
- Other: $12,816
- Compensation: $231,144
- Related: $0
- Other: $45,265
- Compensation: $236,890
- Related: $0
- Other: $34,695
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Official website here: www.edenhousing.org
Where can I find the form 990 for Eden Housing Inc?
Eden Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edenhousing.org
Learn more at the official website: www.edenhousing.org
Mission Statement of Eden Housing Inc
Eden Housing Inc, a renowned nonprofit organization, is dedicated to creating and maintaining high-quality affordable housing communities that foster equity and opportunity for all. With a mission to advance social justice, Eden Housing has developed or acquired over 12,000 affordable homes for low-income individuals and families. These homes serve more than 22,000 residents from various backgrounds and cultures.
The commitment of Eden Housing extends beyond providing shelter as they actively work towards expanding their portfolio. In 2022, they acquired 143 housing units and developed 112 new ones. Moreover, they secured financing and closed construction on three projects, totaling 248 units. Eden Housing's future plans include securing entitlements for five projects, which will provide homes for 521 families, and identifying nine new projects with a potential for 783 units.
Eden Housing's work is instrumental in tackling the housing crisis, currently serving a diverse group of residents with a waitlist of 30,000 households in search of an affordable home. Their unwavering dedication to equity and opportunity has made a significant impact on the lives of countless individuals and families, ensuring they have a safe and stable place to call home.
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Impact
October, 2024
Eden Housing Inc significantly impacts the affordable housing landscape in California by creating and sustaining high-quality housing communities that enhance equity and opportunity. With over 12,000 affordable homes developed or acquired, the organization currently owns 157 properties throughout the state, addressing critical housing needs for low-income individuals and families.
In 2022 alone, Eden Housing acquired 143 housing units and developed 112 new units. They demonstrated an ongoing commitment to tackling California's housing crisis by securing financing and closing construction on three projects, which together provide 248 new units. Additionally, Eden is actively planning for future developments, with entitlements secured for five new projects and nine more in the identification phase, amounting to a potential 783 additional units.
By serving more than 22,000 residents from diverse backgrounds and cultures, the organization is not only combating the housing shortage but also offering a vital safety net for those in need. The demand for affordable housing is evident, with a waitlist of 30,000 households eagerly seeking accommodation. Eden Housing’s efforts are essential in fostering inclusive communities where everyone has access to safe and affordable living spaces.
This information is meant to be a general summary of Eden 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 2023.
- Investment Income: $7,823,910
- Program Service Revenue: $21,397,039
- Gross Receipts: $56,108,519
Assets and Liabilities:
- Total Assets: $472,379,615
- Total Liabilities: $26,031,310
- Net Assets: $446,348,305
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$15,082,563
MANAGEMENT FEES
Revenue
$4,054,680
RENTAL INCOME
Revenue
$1,482,276
DEFERRED GROUND LEASE
Revenue
$654,856
PASSTHROUGH INCOME
Revenue
$122,664
Organization Details
Founding Year
1968
Principal Officer
Linda Mandolini
Website
www.edenhousing.orgNTEE Category
Code: L210 - Housing
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