Overview
What is Pico Veteran Senior Citizen Housing Corporation?
Pico Veteran Senior Citizen Housing Corporation is a California-based nonprofit organization established to manage a 46-unit rental housing project primarily for senior citizens, situated in Los Angeles. The project, named Pico Veteran Senior Housing, commenced operations in February 2011, operating under Section 202 of the National Housing Act. The corporation has an agreement with the U.S. Department of Housing and Urban Development, which oversees the project's rental charges and operating methods. This organization aims to provide elderly individuals with a suitable living environment in compliance with the regulations set forth by the U.S. Department of Housing and Urban Development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Pico Veteran Senior Citizen Housing Corporation has achieved a commendable score of 79%, reflecting its strong performance in accountability and finance. The organization is notable for having a fully independent board of directors and a solid structure for audit and oversight, which contribute to its transparency and governance quality.
Financially, the organization demonstrates effective management of its resources, with an impressive program expense ratio of 86.05%. This indicates that a significant portion of its funds is directed towards its programs rather than administrative costs, showcasing its commitment to serving its mission. However, the liabilities to assets ratio of 77.62% raises some concerns about its financial stability relative to its obligations.
Overall, while Pico Veteran Senior Citizen Housing Corporation exhibits strengths in governance and program funding, potential donors and stakeholders may want to consider its liabilities when assessing its long-term sustainability. The organization’s established policies regarding conflicts of interest, whistleblower protections, and document retention further enhance its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Pico Veteran Senior Citizen Housing Corporation legitimate?
Pico Veteran Senior Citizen Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pico Veteran Senior Citizen Housing Corporation 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:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Pico Veteran Senior Citizen Housing Corporation?
The Pico Veteran Senior Citizen Housing Corporation, a California-based nonprofit organization, was established with the objective of owning and managing a 46-unit rental housing project specifically designed for the elderly. This project, named Pico Veteran Senior Housing, is situated in Los Angeles. The corporation commenced operations in February 2011 and operates under Section 202 of the National Housing Act. The organization has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development, which governs the project's rental charges and operating methods. The mission of Pico Veteran Senior Citizen Housing Corporation is primarily centered around providing suitable housing for the elderly, regulating rental prices, and ensuring proper management methods.
Who is the CEO of Pico Veteran Senior Citizen Housing Corporation?
Doug Cope is the Chair of Pico Veteran Senior Citizen Housing Corporation.
What is the revenue of Pico Veteran Senior Citizen Housing Corporation?
Pico Veteran Senior Citizen Housing Corporation's revenue in 2022 was $493,348.
Who are the executives of Pico Veteran Senior Citizen Housing Corporation and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $251,607
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- Related: $157,275
- Other: $17,156
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- Related: $131,874
- Other: $19,411
Where can I find the form 990 for Pico Veteran Senior Citizen Housing Corporation?
Pico Veteran Senior Citizen Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pico Veteran Senior Citizen Housing Corporation
Pico Veteran Senior Citizen Housing Corporation was established as a California nonprofit corporation with a mission to own and operate a 46-unit rental housing project for the elderly, known as Pico Veteran Senior Housing. The project began operations in February 2011 and operates under Section 202 of the National Housing Act. The corporation has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development, which governs the operation of the project in terms of rental charges and operating methods. In essence, Pico Veteran Senior Citizen Housing Corporation was formed to provide affordable housing and supportive services for senior citizens, ensuring their well-being and independence within a secure and comfortable living environment.
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Impact
July, 2024
Pico Veteran Senior Citizen Housing Corporation has a significant impact on the community by providing affordable housing for elderly individuals in Los Angeles. The 46-unit rental housing project, known as Pico Veteran Senior Housing, offers a safe and comfortable living environment for senior citizens. By operating under Section 202 of the National Housing Act and executing a regulatory agreement with the U.S. Department of Housing and Urban Development, the corporation ensures that rental charges and operating methods are in line with regulatory standards. This organization plays a vital role in addressing the housing needs of seniors in the community, contributing to their well-being and quality of life.
This information is meant to be a general summary of Pico Veteran Senior Citizen Housing Corporation. 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: $43
- Program Service Revenue: $188,173
- Gross Receipts: $493,348
Assets and Liabilities:
- Total Assets: $8,430,106
- Total Liabilities: $6,211,496
- Net Assets: $2,218,610
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$188,173
Organization Details
Founding Year
2008
Phone
(310) 475-6083Principal Officer
Doug Cope
Main Address
10991 W PICO BLVD, LOS ANGELES, CA, 90064
NTEE Category
Code: L22 - Housing
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