Overview
What is West Coast Vaad Hachesed?
West Coast Vaad Hachesed is a nonprofit organization situated in the greater Los Angeles area. Its main objective is to extend financial aid to individuals in need, primarily focusing on indigents. This charity collects funds from the local community to fulfill its mission, offering direct financial assistance to those who require it. The organization's efforts aim to alleviate financial hardships and contribute positively to the community.
Official website here: www.vaadhachesed.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
West Coast Vaad Hachesed has achieved a commendable rating of 79%, primarily based on its strong performance in accountability and finance. The organization has demonstrated a high level of transparency and governance, with a fully independent board and no material diversion of assets. These factors contribute positively to its credibility and trustworthiness among donors.
The nonprofit excels in its program expense ratio, allocating over 92% of its expenses directly to its programs, which indicates a strong commitment to fulfilling its mission. Additionally, it has a perfect score in fundraising efficiency, suggesting that it effectively manages fundraising costs to maximize the impact of donations collected.
However, the organization has a lower score in its working capital ratio, which is at 0.39 years. This could imply potential challenges in maintaining operational liquidity. Overall, while West Coast Vaad Hachesed shows notable strengths in governance and program funding, stakeholders may want to consider its financial sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is West Coast Vaad Hachesed legitimate?
West Coast Vaad Hachesed is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Coast Vaad Hachesed 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: $37,650
For more financial information, click here
Official website here: www.vaadhachesed.org
What is the mission statement of West Coast Vaad Hachesed?
West Coast Vaad Hachesed is an organization with a mission to extend financial aid to those in need. It achieves this by gathering funds from the wider Los Angeles community. The primary goal of this organization is to provide direct financial assistance to indigent individuals, demonstrating a strong commitment to community support. By collecting funds, West Coast Vaad Hachesed aims to alleviate the financial burdens of those who are struggling, promoting a sense of shared responsibility and compassion within the community.
Official website here: www.vaadhachesed.org
Who is the CEO of West Coast Vaad Hachesed?
Yosef Y Manela is the President of West Coast Vaad Hachesed.
Official website here: www.vaadhachesed.org
What is the revenue of West Coast Vaad Hachesed?
West Coast Vaad Hachesed's revenue in 2022 was $2,141,868.
Official website here: www.vaadhachesed.org
Who are the executives of West Coast Vaad Hachesed and what are their salaries?
The average compensation at West Coast Vaad Hachesed during 2022 was $18,825. There are 2 employees at West Coast Vaad Hachesed.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vaadhachesed.org
Where can I find the form 990 for West Coast Vaad Hachesed?
West Coast Vaad Hachesed's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vaadhachesed.org
Learn more at the official website: www.vaadhachesed.org
Mission Statement of West Coast Vaad Hachesed
West Coast Vaad Hachesed, a nonprofit organization, is committed to making a significant impact in the community. Its primary mission is to extend financial aid to individuals in need, drawing resources from the greater Los Angeles area. By collecting funds, the organization serves as a vital lifeline for those who are financially disadvantaged, providing them with the necessary support they require to overcome their hardships. In essence, West Coast Vaad Hachesed strives to alleviate the burden of poverty, contributing to a more equitable society.
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Impact
October, 2024
West Coast Vaad Hachesed plays a crucial role in supporting the vulnerable and underserved populations in the greater Los Angeles area. By mobilizing resources from the community, it directly addresses the financial needs of individuals and families facing hardship. The organization fosters a sense of solidarity and compassion, enabling local residents to contribute to the welfare of those in need. Through its efforts, West Coast Vaad Hachesed not only alleviates immediate financial struggles but also cultivates a culture of giving and community support, making a meaningful impact on the lives of many in the community.
This information is meant to be a general summary of West Coast Vaad Hachesed. 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: $4
- Gross Receipts: $2,141,868
Assets and Liabilities:
- Total Assets: $657,709
- Total Liabilities: $0
- Net Assets: $657,709
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Organization Details
Founding Year
2007
Phone
(323) 363-3553Principal Officer
Yosef Y Manela
Main Address
7220 Beverly Blvd 208, Los Angeles, CA, 90036
Website
www.vaadhachesed.orgNTEE Category
Code: X30 - Religion related
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