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Southeast Affordable Preservation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273549467 ✦ Bend, OR ✦ Designated as a 501(c)(3)

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Overview

What is Southeast Affordable Preservation Inc?

Southeast Affordable Preservation Inc is a dedicated nonprofit organization situated in Bend, Oregon. Their primary focus is providing 312 units of safe and affordable housing for low-income senior citizens. Adhering to a mission of sustainability, they aim to construct comfortable, high-quality homes that significantly improve the lives of their residents and contribute positively to their surrounding communities. By prioritizing both financial and environmental sustainability, Southeast Affordable Preservation Inc is able to provide affordable housing for those in need, thus fostering a better living environment for its residents.


Official website here: www.ffah.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% (Four-Star out of Four Stars)

Southeast Affordable Preservation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored 94% in the Accountability & Finance category, reflecting its effective management and transparent practices. This high rating is particularly significant as it underscores the nonprofit's dedication to maintaining integrity and trustworthiness in its operations.

One of the strengths highlighted in the assessment is the organization's governance structure, with 75% of board members being independent. This independence fosters unbiased decision-making and enhances the organization's credibility. Additionally, Southeast Affordable Preservation Inc has a robust financial oversight mechanism, evidenced by perfect scores in areas like financial statements and the absence of any material diversion of assets.

Despite its strengths, it is important to note that while the program expense ratio stands at 68.56%, indicating that a significant portion of funds is directed toward its mission, there is still room for improvement in maximizing programmatic spending. Overall, the positive ratings reflect a well-managed organization that prioritizes transparency and accountability.


This AI summary has been generated from information found on Charity Navigator.

Is Southeast Affordable Preservation Inc legitimate?

Southeast Affordable Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Affordable Preservation 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


Official website here: www.ffah.org

What is the mission statement of Southeast Affordable Preservation Inc?

Southeast Affordable Preservation Inc's mission is centered around creating safe and comfortable high-quality homes that significantly improve the lives of its residents and positively influence the surrounding neighborhoods. The organization places a strong emphasis on the financial and environmental sustainability of each residential community, enabling them to construct affordable homes for those in need most effectively. By doing so, they contribute to building sustainable, affordable housing solutions for low-income senior citizens.


Official website here: www.ffah.org

Who is the CEO of Southeast Affordable Preservation Inc?

Darrin Willard is the President of Southeast Affordable Preservation Inc.


Official website here: www.ffah.org

What is the revenue of Southeast Affordable Preservation Inc?

Southeast Affordable Preservation Inc's revenue in 2022 was $1,817,398.


Official website here: www.ffah.org

Who are the executives of Southeast Affordable Preservation Inc and what are their salaries?


Here are 8 key members and their salaries:


Darrin Willard (President)
  • Compensation: $0
  • Related: $623,615
  • Other: $73,819
Melissa Vincent (Senior Vice President (Not A Director))
  • Compensation: $0
  • Related: $329,064
  • Other: $45,978
Deborrah Willard (Secretary/Treasurer (Not A Director))
  • Compensation: $0
  • Related: $3,098,288
  • Other: $105,225
Tarun Chandran (General Counsel & Assistant Secretary (Not A Direc)
  • Compensation: $0
  • Related: $556,325
  • Other: $46,463
Jason Acosta (Former Vice President (Not A Director))
  • Compensation: $0
  • Related: $117,017
  • Other: $14,096
Shige Itoh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Hose (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ffah.org

Where can I find the form 990 for Southeast Affordable Preservation Inc?

Southeast Affordable Preservation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ffah.org

Learn more at the official website: www.ffah.org

Mission Statement of Southeast Affordable Preservation Inc

Southeast Affordable Preservation Inc is dedicated to creating safe and comfortable living spaces that significantly improve the lives of its residents and positively impact the surrounding communities. The organization's focus lies in the financial and environmental sustainability of each residential community, enabling them to construct affordable homes for those in need. By prioritizing these aspects, they are able to build high-quality dwellings that uplift the lives of their residents.

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Impact




October, 2024

Southeast Affordable Preservation Inc. creates a significant impact by providing safe and affordable housing for low-income senior citizens. With 312 quality housing units, the organization addresses the critical need for comfortable living environments, uplifting the lives of residents while enhancing the overall community. By emphasizing financial and environmental sustainability, it ensures the longevity and resilience of housing solutions, thus contributing to healthier neighborhoods and improved quality of life for its residents. The commitment to high-quality homes reflects a dedication not just to shelter, but to fostering dignity and well-being among those who often face economic challenges.




This information is meant to be a general summary of Southeast Affordable Preservation 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.

Revenue
$1,817,398 (2022)
Expenses
$21,072 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,656
  • Program Service Revenue: $1,812,742
  • Gross Receipts: $1,817,398

Assets and Liabilities:

  • Total Assets: $1,841,553
  • Total Liabilities: $0
  • Net Assets: $1,841,553

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OTHER INVESTMENT INCOM

Revenue

$1,811,948

INCOME FROM INVESTMENT

Revenue

$794

Organization Details

Founding Year

2015

Principal Officer

Darrin Willard

Main Address

69 NW NEWPORT AVE 200, BEND, OR, 97703

NTEE Category

Code: L21 - Housing

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