Overview
What is Sofesa?
Sofesa is a nonprofit organization situated in Southern California, specifically in Los Angeles, California. Their primary mission is to extend aid to low-income families and the homeless community. Their assistance includes essentials like food, rent, emergency shelter, fuel, travel expenses, utilities, and medical costs. Furthermore, they are actively involved in providing aid for various necessities, demonstrating a strong commitment to supporting vulnerable individuals in their area.
Official website here: www.sofesa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. This rating indicates that while Sofesa demonstrates some accountability and financial practices, there are several areas needing improvement, particularly in governance and policy development.
Sofesa has a strong program expense ratio of 86.93%, indicating a high percentage of funds directed towards its mission-related activities, which is a positive sign for donors. The organization also scores well in collecting and utilizing feedback from stakeholders, showcasing its commitment to community engagement and responsiveness. Additionally, the majority of board members are independent, which is beneficial for governance.
However, Sofesa's rating reflects significant limitations, including missing key policies such as conflict of interest and whistleblower protections, which are essential for organizational integrity and transparency. While the organization has a solid financial foundation with low liabilities, the absence of critical governance policies may raise concerns for potential donors about the overall effectiveness and accountability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Sofesa legitimate?
Sofesa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sofesa 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: $0
For more financial information, click here
Official website here: www.sofesa.org
What is the mission statement of Sofesa?
Sofesa's mission is centered around providing aid to families experiencing homelessness and living in poverty, specifically in Southern California. Throughout the year, they offer various forms of assistance, which include but are not limited to, covering food expenses, rent payments, emergency shelter costs, fuel expenses, travel fees, utility bills, and medical expenses. Their primary goal is to support these vulnerable families in their time of need.
Official website here: www.sofesa.org
What is the revenue of Sofesa?
Sofesa's revenue in 2024 was $152,941.
Official website here: www.sofesa.org
Who are the executives of Sofesa and what are their salaries?
There 15 volunteers at Sofesa.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sofesa.org
Where can I find the form 990 for Sofesa?
Sofesa's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sofesa.org
Learn more at the official website: www.sofesa.org
Mission Statement of Sofesa
Sofesa, a nonprofit organization, is dedicated to extending a helping hand to families living in poverty and homelessness within Southern California. Their mission is centered around providing essential assistance to these vulnerable groups, offering aid in various forms such as food, rent, emergency shelter, fuel, travel expenses, utilities, and medical costs. By doing so, Sofesa strives to improve the living conditions and overall well-being of the families they serve.
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Impact
October, 2024
Sofesa has a significant impact on the lives of homeless and low-income families in Southern California, particularly in Los Angeles. Through its various initiatives, the organization provides essential assistance that directly addresses the immediate needs of these vulnerable populations. By helping with food, rent, emergency shelter, fuel, travel, utilities, and medical expenses, Sofesa plays a crucial role in alleviating the hardships faced by many families.
This support not only offers immediate relief but also fosters stability and encourages self-sufficiency among recipients. By ensuring access to basic necessities, Sofesa empowers families to focus on rebuilding their lives, pursuing employment opportunities, and improving their overall quality of life. The organization's commitment to human services makes a meaningful difference, allowing individuals and families to navigate through difficult times with dignity and hope.
This information is meant to be a general summary of Sofesa. 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: $9
- Gross Receipts: $152,941
Assets and Liabilities:
- Total Assets: $773,900
- Total Liabilities: $0
- Net Assets: $773,900
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Organization Details
Founding Year
2007
Principal Officer
Jessica Echeverry
Website
www.sofesa.orgNTEE Category
Code: P58 - Human services
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