Overview
What is Pico Union Housing Corporation?
Pico Union Housing Corporation is a nonprofit organization based in Los Angeles, California, specifically at 10380 Venice Blvd, ZIP code 90015. Their mission is to provide affordable housing solutions for qualified low-income individuals and families. In addition to rental housing, they offer various social services to the underserved community. The organization employs a team of 25 individuals, dedicated to making a difference in people's lives by ensuring they have a stable and affordable place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating
Pico Union Housing Corporation received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization has a fully independent board, which is a positive aspect, it lacks transparency in critical areas such as financial statements, website documentation, and essential governance policies like conflict of interest and whistleblower policies.
The nonprofit's financial metrics reveal a high liabilities-to-assets ratio of 91.49%, raising red flags about its financial health. However, it maintains a strong program expense ratio of nearly 99%, suggesting that most of its expenditures support its mission-related activities. Despite these strengths, the absence of publicly available financial documentation and policies hampers confidence in the organization's overall governance practices.
Notably, the salary of the Executive Director, Gloria Farias, at $781,250, may warrant further scrutiny given the nonprofit's overall financial standing and the lack of comprehensive financial disclosures. This situation underscores the need for improved communication and transparency to foster trust among stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Pico Union Housing Corporation legitimate?
Pico Union Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pico Union Housing Corporation 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: $616,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,393,413
For more financial information, click here
What is the mission statement of Pico Union Housing Corporation?
The Pico Union Housing Corporation is dedicated to serving the needs of low-income individuals and families. Through its mission, the organization provides affordable rental housing to qualified individuals and extends essential social services to underserved communities. By prioritizing affordability, the corporation aims to make a significant difference in people's lives, offering them a stable living environment and vital resources to thrive. The corporation's commitment extends beyond housing, with a focus on enriching the lives of its residents through various support services.
Who is the CEO of Pico Union Housing Corporation?
1Gloria Farias is the Executive Director of Pico Union Housing Corporation.
What is the revenue of Pico Union Housing Corporation?
Pico Union Housing Corporation's revenue in 2022 was $17,120,613.
Who are the executives of Pico Union Housing Corporation and what are their salaries?
The average compensation at Pico Union Housing Corporation during 2022 was $80,400. There are 25 employees and 6 volunteers at Pico Union Housing Corporation.
Here are 6 key members and their salaries:
- Compensation: $616,590
- Related: $0
- Other: $0
- 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
- Related: $0
- Other: $0
Where can I find the form 990 for Pico Union Housing Corporation?
Pico Union Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pico Union Housing Corporation
Pico Union Housing Corporation, a dedicated nonprofit organization, strives to make a significant difference in the lives of qualified low-income individuals and families. The cornerstone of their mission is to provide affordable rental housing for those in need. By offering this essential resource, the organization enables recipients to focus on other aspects of their lives, easing their financial burdens.
In addition to affordable housing, Pico Union Housing Corporation extends its reach by providing a variety of social services to underserved communities. This commitment to community support ensures that residents have access to the resources and care they need to thrive. By addressing the complex needs of individuals and families, the organization is able to contribute to a more stable and prosperous community as a whole.
Pico Union Housing Corporation's mission is grounded in the belief that everyone deserves a safe and affordable place to call home. Through their unwavering dedication to this goal, they foster an environment where people can build a foundation for a better future. By providing both housing and essential services, Pico Union Housing Corporation empowers individuals and families to overcome challenges and create a brighter future for themselves.
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Impact
October, 2024
Pico Union Housing Corporation plays a significant role in enhancing the quality of life for low-income individuals and families in Los Angeles. By offering affordable rental housing, it alleviates the housing crisis faced by many in the region, ensuring that more families can access safe and stable living conditions. Additionally, the organization provides essential social services that support underserved communities, fostering a holistic approach to community development. Through its initiatives, Pico Union Housing Corporation not only addresses immediate housing needs but also empowers residents by connecting them with resources that promote social and economic well-being. The impact extends beyond mere housing, contributing to a more equitable and supportive environment in the Pico Union area and shaping a stronger community overall.
This information is meant to be a general summary of Pico Union Housing Corporation. 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.
- Program Service Revenue: $9,127,443
- Gross Receipts: $17,120,613
Assets and Liabilities:
- Total Assets: $136,637,775
- Total Liabilities: $109,655,025
- Net Assets: $26,982,750
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTAL
Revenue
$8,056,666
PROGRAM SERVICES
Revenue
$986,017
Organization Details
Founding Year
1971
Phone
(213) 747-2790Principal Officer
1Gloria Farias
Main Address
10380 VENICE BLVD, LOS ANGELES, CA, 900153232
NTEE Category
Code: L210 - Housing
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