Overview
What is 703 Cedar Street Inc?
703 Cedar Street Inc is a nonprofit organization situated in Garberville, California. With a focus on addressing the housing needs of the community, they operate a 11-unit subsidized housing facility specifically designed for low-income seniors. This charitable organization, with a modest workforce of two individuals, is dedicated to providing affordable living options and fostering a supportive environment for the elderly population in Garberville.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the accountability and financial practices of 703 Cedar Street Inc. The overall score is derived solely from its Accountability & Finance metrics, highlighting areas that require improvement.
Strengths of the organization include a fully independent board, with perfect scores in board member independence and the size of the board. Additionally, the organization demonstrates a strong program expense ratio of 90.61%, indicating that the majority of funds are directed towards its programs. The charity also has no reported material diversion of assets and maintains documentation of board meeting minutes.
However, the organization faces notable weaknesses. It has received a zero score in several critical areas, including the absence of a conflict of interest policy, whistleblower policy, and document retention policy. Furthermore, the organization's tax form is not posted on its website, which contributes to the lack of transparency and accountability, ultimately affecting its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is 703 Cedar Street Inc legitimate?
703 Cedar Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 703 Cedar Street 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: $39,254
For more financial information, click here
What is the mission statement of 703 Cedar Street Inc?
703 Cedar Street Inc, as a non-profit organization, is dedicated to the development and operation of subsidized housing for low-income seniors. Their mission is to provide suitable living arrangements for this specific population group, ensuring they can maintain a decent standard of living. The organization's activities primarily revolve around creating and managing affordable housing units, catering specifically to the elderly with limited financial means. In Garbervile, California, they have successfully operated an 11-unit subsidized housing facility for this demographic.
Who is the CEO of 703 Cedar Street Inc?
Dian Pecora is the Vice President of 703 Cedar Street Inc.
What is the revenue of 703 Cedar Street Inc?
703 Cedar Street Inc's revenue in 2023 was $139,185.
Who are the executives of 703 Cedar Street Inc and what are their salaries?
The average compensation at 703 Cedar Street Inc during 2023 was $19,627. There are 2 employees and 5 volunteers at 703 Cedar Street Inc.
Here are 5 key members and their salaries:
- 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 703 Cedar Street Inc?
703 Cedar Street Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 703 Cedar Street Inc
703 Cedar Street Inc, as a non-profit organization, is committed to serving the needs of low-income seniors. Its primary mission is to develop and manage subsidized housing facilities, providing a safe and affordable living environment for this demographic. The organization's purpose is to contribute to the well-being of these seniors by offering them housing options that they might not be able to afford otherwise. This non-profit organization has demonstrated its commitment by operating an 11-unit subsidized housing facility in Garbervile, California. By providing subsidized housing, 703 Cedar Street Inc is making a significant impact in the lives of low-income seniors, allowing them to live with dignity and independence in a secure environment.
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Impact
October, 2024
703 Cedar Street Inc plays a vital role in the community by providing affordable housing solutions for low-income seniors in Garberville, California. By operating a facility with 11 subsidized units, it addresses the significant need for accessible living environments for elderly residents who may struggle with housing costs.
The organization's impact extends beyond mere shelter; it fosters a supportive community, enhancing the quality of life for its residents. By focusing on this demographic, 703 Cedar Street Inc helps alleviate housing insecurity among seniors, ensuring they have a safe and stable place to live. This initiative not only meets a crucial need but also contributes to the overall well-being of the community, promoting dignity and independence for low-income seniors.
This information is meant to be a general summary of 703 Cedar Street 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: $75
- Program Service Revenue: $43,280
- Gross Receipts: $139,185
Assets and Liabilities:
- Total Assets: $1,364,032
- Total Liabilities: $2,101,981
- Net Assets: -$737,949
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry & Other Revenue
Revenue
$1,157
Rents
Revenue
$42,123
Organization Details
Founding Year
1999
Phone
(707) 923-1035Principal Officer
Dian Pecora
Main Address
723 Cedar Street O, Garberville, CA, 95542
NTEE Category
Code: L22 - Housing
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