Overview
What is Senior Affordable Housing Corp No 3?
Senior Affordable Housing Corp No 3, also known as Hadley Villas, is a nonprofit organization situated in Duarte, California. Their primary objective is to provide affordable housing for the elderly, addressing their physical, social, and psychological needs. They collaborate with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act. This housing is designed to improve the health, security, happiness, and overall well-being of the elderly residents, offering them a secure and comfortable living environment.
Official website here: www.humangood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Senior Affordable Housing Corp No 3 has received a solid rating of 81%, indicating a generally positive assessment of its accountability and financial health. The organization benefits from a strong governance structure, with 85% of its board members being independent, which contributes to its effective oversight and decision-making practices.
The nonprofit has demonstrated good financial management, reflected in its high program expense ratio of 84.66%, meaning a significant portion of its resources is directed toward its mission-related activities. Additionally, it has established robust policies such as conflict of interest and whistleblower protections, which enhance its operational integrity.
Despite its strengths, the organization may still face challenges typical for nonprofits in maintaining consistent funding and outreach effectiveness. However, the absence of any material diversion of assets and a transparent operational framework suggests a stable foundation for future growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Affordable Housing Corp No 3 legitimate?
Senior Affordable Housing Corp No 3 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Affordable Housing Corp No 3 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.humangood.org
What is the mission statement of Senior Affordable Housing Corp No 3?
Senior Affordable Housing Corp No 3 is dedicated to providing affordable rental housing for the elderly. Their facilities and services are tailored to address the physical, social, and psychological needs of the elderly population, aiming to enhance their health, security, happiness, and usefulness in their later years. The organization contributes to their residents' well-being by offering specifically designed accommodations and support services. They collaborate with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act to provide low-income retirement housing.
Official website here: www.humangood.org
Who is the CEO of Senior Affordable Housing Corp No 3?
John H Cochrane Iii is the Chief Executive Officer of Senior Affordable Housing Corp No 3. The CEO's salary of Senior Affordable Housing Corp No 3 is $0 and their total compensation is $671,183.
Official website here: www.humangood.org
What is the revenue of Senior Affordable Housing Corp No 3?
Senior Affordable Housing Corp No 3's revenue in 2022 was $805,793.
Official website here: www.humangood.org
Who are the executives of Senior Affordable Housing Corp No 3 and what are their salaries?
Here are 15 key members and their salaries (Senior Affordable Housing Corp No 3's CEO's salary is $0 and their total compensation is $671,183):
- Compensation: $0
- Related: $73,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $32,228
- Other: $0
- Compensation: $0
- Related: $310,289
- Other: $27,427
- Compensation: $0
- Related: $645,511
- Other: $25,672
- Compensation: $0
- Related: $530,748
- Other: $31,801
- Compensation: $0
- Related: $354,675
- Other: $31,380
- Compensation: $0
- Related: $281,269
- Other: $13,919
- Compensation: $0
- Related: $122,473
- Other: $121
- Compensation: $0
- Related: $353,484
- Other: $33,191
Official website here: www.humangood.org
Where can I find the form 990 for Senior Affordable Housing Corp No 3?
Senior Affordable Housing Corp No 3's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.humangood.org
Learn more at the official website: www.humangood.org
Mission Statement of Senior Affordable Housing Corp No 3
Senior Affordable Housing Corp No 3, a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly. Their mission is to offer low-cost rental housing, along with related facilities and services, specifically designed to cater to the physical, social, and psychological needs of the elderly. The organization strives to contribute to the health, security, happiness, and usefulness of the elderly, enabling them to live longer, more fulfilling lives. By working in association with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act, Senior Affordable Housing Corp No 3 provides a vital service, ensuring that the elderly have access to safe, affordable housing that meets their unique needs.
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Impact
October, 2024
Senior Affordable Housing Corp No 3 plays a vital role in enhancing the quality of life for elderly residents by providing low-cost rental housing specifically designed to meet their unique needs. This organization focuses on creating an environment that supports the physical, social, and psychological well-being of seniors, addressing essential aspects of their health and happiness.
Located in Duarte, CA, it operates in conjunction with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act. This partnership enables the provision of not only affordable housing but also related facilities and services that cater to the requirements of aging individuals. By fostering a sense of community and security, Senior Affordable Housing Corp No 3 significantly contributes to the longevity and utility of its residents, helping them to maintain an independent and fulfilling lifestyle.
This information is meant to be a general summary of Senior Affordable Housing Corp No 3. 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: $353
- Program Service Revenue: $263,314
- Gross Receipts: $805,793
Assets and Liabilities:
- Total Assets: $6,899,166
- Total Liabilities: $9,689,021
- Net Assets: -$2,789,855
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$263,314
Organization Details
Founding Year
2001
Phone
(818) 247-0420Principal Officer
John H Cochrane Iii
Main Address
1900 HUNTINGTON DRIVE, DUARTE, CA, 91010
Website
www.humangood.orgNTEE Category
Code: L21 - Housing
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