Overview
What is Telacu Housing-San Bernardino Ii Inc?
Telacu Housing-San Bernardino II Inc is a California-based nonprofit corporation, established with the intention of providing housing for low-income elderly individuals. The organization operates a 75-unit project named Telacu Monte Vista, situated in San Bernardino, California. Telacu Housing-San Bernardino II Inc receives financial support in the form of housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which is amended. The corporation's primary mission is to offer a secure living space for the elderly population with limited income.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Telacu Housing-San Bernardino II Inc has received a two-star rating from Charity Navigator, reflecting a moderate level of accountability and financial management. The overall score is comprised entirely of the Accountability & Finance beacon, indicating that there may be concerns or areas for improvement in transparency and governance practices.
The organization excels in certain areas, such as having a strong audit and oversight committee and maintaining effective policies for conflict of interest and document retention. Additionally, it has a solid program expense ratio, which suggests that a significant portion of its expenses is directed towards its programs. However, a notable concern is the lack of independent board members, as well as transparency issues related to financial statements not being available on its website.
Overall, while Telacu Housing-San Bernardino II Inc demonstrates strengths in program management and certain governance policies, it faces challenges in ensuring independent oversight and making financial information accessible to the public. Improvements in these areas could help enhance its overall rating and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Housing-San Bernardino Ii Inc legitimate?
Telacu Housing-San Bernardino Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing-San Bernardino Ii 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 Telacu Housing-San Bernardino Ii Inc?
Telacu Housing-San Bernardino II Inc. is a non-profit organization established in accordance with California's not-for-profit statutes. Its primary purpose is to manage a 75-unit housing project called Telacu Monte Vista, located in San Bernardino, California. This project is specifically designed to provide affordable housing for low-income elderly individuals. Telacu Housing-San Bernardino II Inc. receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, which is aimed at supporting such housing projects. The organization's mission is focused on providing a safe and affordable living environment for this specific demographic.
Who is the CEO of Telacu Housing-San Bernardino Ii Inc?
Michael Lizarraga is the Principal Officer of Telacu Housing-San Bernardino Ii Inc.
What is the revenue of Telacu Housing-San Bernardino Ii Inc?
Telacu Housing-San Bernardino Ii Inc's revenue in 2022 was $670,039.
Who are the executives of Telacu Housing-San Bernardino Ii Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,889,036
- Other: $34,761
- Compensation: $0
- Related: $249,667
- Other: $15,864
- Compensation: $0
- Related: $955,911
- Other: $32,937
- Compensation: $0
- Related: $25,640
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $36,000
- Other: $0
Where can I find the form 990 for Telacu Housing-San Bernardino Ii Inc?
Telacu Housing-San Bernardino Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Housing-San Bernardino Ii Inc
Telacu Housing-San Bernardino II, Inc. is a not-for-profit corporation established in compliance with California's not-for-profit statutes. Its primary purpose is to manage a 75-unit housing project named Telacu Monte Vista, situated in San Bernardino, California. This project is designed to provide affordable housing for low-income elderly individuals. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, which is amended. In essence, Telacu Housing-San Bernardino II, Inc. is committed to improving the living conditions of elderly individuals with limited income by offering them affordable housing options.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Telacu Housing-San Bernardino II Inc's impact lies in providing housing for low-income elderly persons in the city of San Bernardino, California. The organization operates a 75-unit project known as Telacu Monte Vista, offering affordable housing to a vulnerable population. Through receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Housing-San Bernardino II Inc plays a crucial role in addressing the housing needs of the elderly in the community. This support helps enhance the quality of life for those who may struggle to afford safe and stable housing, ultimately contributing to the well-being of the individuals served.
This information is meant to be a general summary of Telacu Housing-San Bernardino Ii 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: $159
- Program Service Revenue: $216,707
- Gross Receipts: $670,039
Assets and Liabilities:
- Total Assets: $4,020,152
- Total Liabilities: $8,378,218
- Net Assets: -$4,358,066
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$216,707
Organization Details
Founding Year
2001
Phone
(323) 721-1655Principal Officer
Michael Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L22 - Housing
If you are a representative of Telacu Housing-San Bernardino Ii Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.