Overview
What is Concord Homes Inc?
Concord Homes Inc, located in Walnut Creek, California, was established with the primary objective of catering to the needs of elderly and handicapped individuals. The corporation operates an apartment complex, housing 196 rental units, specifically designed to meet the physical, social, and psychological requirements of its residents in Concord, California. By providing specialized housing facilities and services, Concord Homes Inc aims to enhance the health, security, happiness, and overall usefulness of its residents, encouraging their longer living.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Concord Homes Inc received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization shows strengths in its governance, with 100% of its board members being independent, and it maintains a high program expense ratio of nearly 95%, suggesting funds are primarily directed towards its mission-related activities. Additionally, the presence of an audit and oversight committee reflects a commitment to financial transparency.
However, several limitations have been identified, particularly in financial accountability and policy documentation. The organization has a high liabilities to assets ratio, which could indicate potential financial risk. Furthermore, critical policies, such as a conflict of interest policy and a whistleblower policy, are missing, which raises concerns about governance practices and organizational transparency.
Overall, while Concord Homes Inc demonstrates effective program spending and solid governance structure, it needs to address its financial health and improve its policy documentation to enhance overall accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Concord Homes Inc legitimate?
Concord Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord Homes 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: $636,994
For more financial information, click here
What is the mission statement of Concord Homes Inc?
Concord Homes Inc was established with the primary objective of providing specialized housing facilities and services for the elderly and disabled individuals. These services are meticulously designed to cater to their physical, social, and psychological needs. The corporation's mission is to enhance their health, security, happiness, and overall usefulness, allowing them to live fulfilling lives for a longer period. By doing so, Concord Homes Inc promotes their well-being and aims to make their living experience more enjoyable and meaningful. The corporation organizes and manages an apartment complex with 196 rental units for low-income seniors.
Who is the CEO of Concord Homes Inc?
Frank Fribley is the Former Pres. of Concord Homes Inc.
What is the revenue of Concord Homes Inc?
Concord Homes Inc's revenue in 2022 was $3,100,237.
Who are the executives of Concord Homes Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Concord Homes Inc?
Concord Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Concord Homes Inc
Concord Homes Inc, a nonprofit organization, was established with the primary mission to cater to the unique needs of elderly individuals and those with disabilities. The corporation's objective is to provide housing facilities and services specifically designed to meet their physical, social, and psychological needs. This mission extends beyond mere accommodation, aiming to promote their health, security, happiness, and overall usefulness in their later years. By doing so, Concord Homes Inc strives to enhance the quality of life for its residents, enabling them to live comfortably and productively.
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Impact
October, 2024
Concord Homes Inc significantly enhances the quality of life for elderly and handicapped individuals by providing tailored housing solutions in Concord, California. This organization operates a 196-unit apartment complex specifically designed for low-income seniors, focusing on creating an environment that meets their physical, social, and psychological needs.
By prioritizing health, security, and happiness, Concord Homes Inc fosters a sense of community among its residents. The services and facilities offered support their well-being, enabling them to live longer, more fulfilling lives. In doing so, the organization plays a crucial role in combating loneliness and promoting social interaction, ultimately contributing to the overall health of the community.
Overall, Concord Homes Inc's commitment to sustainable and supportive housing for senior residents not only improves individual lives but also strengthens the broader community, ensuring that some of its most vulnerable members have access to safe and nurturing living conditions.
This information is meant to be a general summary of Concord Homes 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: $1,641
- Program Service Revenue: $1,006,881
- Gross Receipts: $3,100,237
Assets and Liabilities:
- Total Assets: $2,546,021
- Total Liabilities: $5,446,729
- Net Assets: -$2,900,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CABLE CHARGES
Revenue
$56,850
LAUNDRY INCOME
Revenue
$7,026
MISCELLANEOUS INCOME
Revenue
$630
TENANT CHARGES
Revenue
$4,449
TENANT RENTS
Revenue
$937,926
Organization Details
Founding Year
1975
Phone
(925) 951-0762Principal Officer
Frank Fribley
Main Address
590 Lennon Lane Suite 110, Walnut Creek, CA, 94598
NTEE Category
Code: L22Z - Housing
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