Overview
What is Drakes Way Eah Inc?
Drakes Way Eah Inc is a nonprofit organization based in San Rafael, California. Their primary mission is to contribute to the charitable functions and purposes of EAH Inc., a California-based nonprofit corporation that specializes in providing low-income housing. In line with this mission, Drakes Way Eah Inc serves as the general partner for a limited partnership that offers 24 units of affordable housing in Larkspur, California. Additionally, they also act as a limited partner for another limited partnership that provides 112 units of low-income housing in Dublin, California. Overall, Drakes Way Eah Inc plays a significant role in addressing housing needs for individuals with limited financial resources.
Is Drakes Way Eah Inc legitimate?
Drakes Way Eah Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drakes Way Eah 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: $0
For more financial information, click here
What is the mission statement of Drakes Way Eah Inc?
Drakes Way Eah Inc, a charitable organization, is dedicated to carrying out the charitable purposes of EAH Inc., a California-based nonprofit public benefit corporation. Their primary focus is on providing low-income housing. In line with this mission, they serve as the general partner for a limited partnership that offers 24 units of low-income housing in Larkspur, CA. Additionally, they act as a limited partner for another limited partnership, contributing to the provision of 112 units of low-income housing in Dublin, CA.
Who is the CEO of Drakes Way Eah Inc?
Stacey Smith is the President of Drakes Way Eah Inc.
What is the revenue of Drakes Way Eah Inc?
Drakes Way Eah Inc's revenue in 2022 was $2,041,699.
Who are the executives of Drakes Way Eah Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $591,118
- Other: $41,676
- Compensation: $0
- Related: $372,185
- Other: $39,392
- Compensation: $0
- Related: $173,402
- Other: $20,457
Where can I find the form 990 for Drakes Way Eah Inc?
Drakes Way Eah Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Drakes Way Eah Inc
Drakes Way Eah Inc, a charitable organization, is committed to carrying out the charitable purposes of EAH Inc., a California nonprofit public benefit corporation. This mission entails providing low-income housing. In practice, Drakes Way Eah Inc serves as the general partner for a limited partnership, overseeing 24 units of low-income housing in Larkspur, California. Additionally, the organization functions as a limited partner for another limited partnership, managing 112 units of low-income housing in Dublin, California. By fulfilling this mission, Drakes Way Eah Inc contributes to addressing the housing needs of individuals with limited financial resources, playing a crucial role in their community.
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Impact
October, 2024
Drakes Way Eah Inc plays a significant role in addressing housing needs for low-income individuals and families in California. By managing and maintaining affordable housing units, the organization contributes to alleviating the housing crisis faced by many residents. Specifically, it provides 136 low-income housing units across Larkspur and Dublin, California, offering safe and stable living environments for those in need.
The impact of Drakes Way Eah Inc extends beyond just the provision of housing. By fostering community engagement and support among residents, the organization helps to create a sense of belonging and stability, which can lead to improved quality of life and increased opportunities for residents. Through its initiatives, Drakes Way Eah Inc supports social equity by ensuring that vulnerable populations have access to affordable housing options. This commitment to community development not only benefits individuals but also enhances the overall vitality of the neighborhoods it serves.
This information is meant to be a general summary of Drakes Way Eah 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 2022.
- Investment Income: $4,633
- Program Service Revenue: $2,036,991
- Gross Receipts: $2,041,699
Assets and Liabilities:
- Total Assets: $230,745
- Total Liabilities: $35,450
- Net Assets: $195,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCABLE SHARE PS RENTS
Revenue
$2,016,541
ASSET MGMT FEES
Revenue
$5,000
PARTNERSHIP MGMT FEES
Revenue
$15,450
Organization Details
Founding Year
2009
Phone
(415) 258-1800Principal Officer
Stacey Smith
Main Address
22 Pelican Way, San Rafael, CA, 94901
NTEE Category
Code: L21 - Housing
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