Overview
What is The Salvation Army Tulare Residences Inc?
The Salvation Army Tulare Residences Inc is a compassionate nonprofit organization situated in Rancho Palos Verdes, California. With a mission at its core, this nonprofit provides subsidized housing to low-income elderly and handicapped individuals. As a non-profit apartment complex, it offers a safe and supportive environment, enabling these individuals to maintain their independence while alleviating financial burdens. With a dedicated team of three employees, The Salvation Army Tulare Residences Inc plays a significant role in enriching the lives of its residents and contributing to the broader community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Salvation Army Tulare Residences Inc has achieved an impressive score of 92%, which signifies a strong commitment to accountability and financial integrity. The organization earned its Four-Star rating primarily due to its exemplary performance in financial management, reflected in its high scores across various accountability metrics. Notably, the charity has a 100% independent board, indicating robust governance practices.
Strengths highlighted in the evaluation include a well-structured audit and oversight committee, with no material diversion of assets reported. Additionally, the organization demonstrates a strong adherence to conflict of interest and whistleblower policies, which contribute to its transparency. With an outstanding program expense ratio of 96.97%, it is evident that the majority of funds are directed toward fulfilling its mission.
Despite the positive feedback, it is essential to consider that the rating is based solely on financial accountability metrics. While the organization appears to excel in this area, there may be other qualitative aspects of its operations that are not captured in the financial score alone. Overall, The Salvation Army Tulare Residences Inc shows a strong financial foundation and a commitment to responsible governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Tulare Residences Inc legitimate?
The Salvation Army Tulare Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Tulare Residences 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: $125,124
For more financial information, click here
What is the mission statement of The Salvation Army Tulare Residences Inc?
The Salvation Army Tulare Residences Inc is a non-profit organization that provides subsidized housing to low-income elderly or handicapped individuals. Its primary mission is to offer a living space that is financially accessible to those who may otherwise struggle to secure suitable accommodation. By offering this service, the organization aims to contribute positively to the well-being and independence of its residents, thereby enhancing their quality of life. The Salvation Army Tulare Residences Inc serves as a supportive community, providing a safe and comfortable environment for its residents to call home.
What is the revenue of The Salvation Army Tulare Residences Inc?
The Salvation Army Tulare Residences Inc's revenue in 2024 was $569,059.
Who are the executives of The Salvation Army Tulare Residences Inc and what are their salaries?
The average compensation at The Salvation Army Tulare Residences Inc during 2024 was $41,708. There are 3 employees at The Salvation Army Tulare Residences Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $293,703
- Other: $29,517
- Compensation: $0
- Related: $241,799
- Other: $29,517
- Compensation: $0
- Related: $185,602
- Other: $32,394
- Compensation: $0
- Related: $185,502
- Other: $32,394
- Compensation: $0
- Related: $56,155
- Other: $46,014
- Compensation: $0
- Related: $52,288
- Other: $38,650
- Compensation: $0
- Related: $52,288
- Other: $38,650
- Compensation: $0
- Related: $54,654
- Other: $28,016
- Compensation: $0
- Related: $54,654
- Other: $28,016
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Salvation Army Tulare Residences Inc?
The Salvation Army Tulare Residences Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Salvation Army Tulare Residences Inc
The Salvation Army Tulare Residences Inc is a dedicated non-profit organization that offers subsidized housing to low-income elderly or handicapped individuals. This esteemed institution serves as a sanctuary, providing these individuals with a place to call home. The mission of The Salvation Army Tulare Residences Inc is to ensure that these vulnerable individuals have access to affordable housing, thereby enhancing their overall quality of life. The organization strives to create an environment that fosters dignity, independence, and a sense of community. By providing subsidized housing, The Salvation Army Tulare Residences Inc plays a crucial role in supporting these individuals, enabling them to focus on their health and well-being, rather than grappling with the challenges of finding and affording suitable housing.
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Impact
July, 2024
The Salvation Army Tulare Residences Inc provides vital support to low-income elderly or handicapped individuals in Rancho Palos Verdes, CA through subsidized housing. By offering affordable housing options, this organization helps improve the quality of life for marginalized members of the community who may struggle to find suitable living arrangements. The impact of The Salvation Army Tulare Residences Inc extends beyond just providing shelter, as it also promotes a sense of security, stability, and dignity for those in need.
This information is meant to be a general summary of The Salvation Army Tulare Residences 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.
- Investment Income: $8,170
- Program Service Revenue: $255,142
- Gross Receipts: $569,059
Assets and Liabilities:
- Total Assets: $5,023,656
- Total Liabilities: $517,630
- Net Assets: $4,506,026
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$255,142
Organization Details
Founding Year
2004
Principal Officer
Douglas Riley
NTEE Category
Code: L22 - Housing
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