Overview
What is Fuji Towers Inc?
Fuji Towers Inc is a nonprofit organization that manages a 140-unit apartment complex, specifically catering to senior citizens with low income. Their mission lies in providing affordable housing, alongside recreational and cultural programs. This community-based initiative aims to enrich the lives of its elderly residents, promoting a sense of togetherness and support.
Official website here: www.japantownsanjose.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Fuji Towers Inc has received a Three-Star rating from Charity Navigator, which indicates a solid level of accountability and financial health. The overall score is primarily derived from its strong performance in the Accountability & Finance category, where it attained an 81% score. This suggests that the organization is effectively managing its resources and adhering to best practices in governance.
The organization showcases several strengths, including a fully independent board and a robust oversight committee for financial statements. Additionally, it has established policies for conflict of interest, whistleblowing, and document retention, all of which contribute to its transparency and accountability. The high program expense ratio of nearly 95% indicates that a significant portion of its funds is directed towards its mission-related activities.
However, there are some areas for improvement, notably in the liabilities to assets ratio, where it scored zero points. This might indicate potential financial risks or challenges that could impact its sustainability. Overall, while Fuji Towers Inc demonstrates commendable governance and financial practices, it should continue to address its financial metrics to enhance its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Fuji Towers Inc legitimate?
Fuji Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fuji Towers 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: $356,810
For more financial information, click here
Official website here: www.japantownsanjose.org
What is the mission statement of Fuji Towers Inc?
Fuji Towers Inc., as an organization, operates a 140-unit apartment complex with a focus on senior citizens living on low incomes. Their mission is centered around providing this specific community with more than just housing. They offer recreational and cultural programs alongside their housing services, all aimed at enhancing the living experience for senior citizens in need. The overarching goal of Fuji Towers Inc. is to ensure that senior citizens have access to affordable and enriching housing options.
Official website here: www.japantownsanjose.org
Who is the CEO of Fuji Towers Inc?
Warren Hayashi is the President of Fuji Towers Inc.
Official website here: www.japantownsanjose.org
What is the revenue of Fuji Towers Inc?
Fuji Towers Inc's revenue in 2023 was $2,724,949.
Official website here: www.japantownsanjose.org
Who are the executives of Fuji Towers Inc and what are their salaries?
There 10 volunteers at Fuji Towers Inc.
Here are 10 key members and their salaries:
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Official website here: www.japantownsanjose.org
Where can I find the form 990 for Fuji Towers Inc?
Fuji Towers Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.japantownsanjose.org
Learn more at the official website: www.japantownsanjose.org
Mission Statement of Fuji Towers Inc
Fuji Towers Inc, a nonprofit organization, is dedicated to providing Senior Citizens Low Income Housing. This mission is carried out through the operation of a 140-unit apartment complex. Residents of this complex not only benefit from affordable housing but also have access to a variety of community programs. These include recreational activities and cultural events, all aimed at enriching the lives of its senior residents. The organization's mission is to ensure that senior citizens, particularly those with limited income, have a comfortable and engaging living environment. By offering these additional services, Fuji Towers Inc goes beyond just providing housing, aiming to create a supportive community where seniors can thrive.
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Impact
October, 2024
Fuji Towers Inc has a significant impact on the lives of senior citizens in San Jose, CA, by providing essential low-income housing through its 140-unit apartment complex. This initiative addresses the critical need for affordable housing for seniors, ensuring that vulnerable individuals have a safe and stable living environment. Beyond mere shelter, Fuji Towers fosters a sense of community by offering recreational activities and cultural programs that enhance the quality of life for residents. This holistic approach not only helps in meeting the housing needs but also promotes social engagement and well-being among the senior population, ultimately contributing to a healthier, more connected community.
This information is meant to be a general summary of Fuji Towers 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: -$1,331
- Program Service Revenue: $669,495
- Gross Receipts: $2,728,579
Assets and Liabilities:
- Total Assets: $25,163,737
- Total Liabilities: $18,974,986
- Net Assets: $6,188,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REV
Revenue
$665,344
LAUNDRY AND VENDING RE
Revenue
$4,151
Organization Details
Founding Year
1972
Phone
(408) 275-8989Principal Officer
Warren Hayashi
Main Address
690 NORTH FIFTH STREET, SAN JOSE, CA, 95112
Website
www.japantownsanjose.orgNTEE Category
Code: L22 - Housing
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