Overview
What is Lc Hotchkiss Terrace?
Lc Hotchkiss Terrace is a nonprofit organization dedicated to providing affordable housing for the elderly, in cooperation with the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. Their mission is to offer low-cost rental units, along with facilities and services tailored to cater to the elderly's physical, social, and psychological needs. By doing so, they aim to contribute to their health, security, happiness, and overall wellbeing in prolonged living. Located at 1900 Huntington Drive, Duarte, CA 91010, Lc Hotchkiss Terrace offers a supportive environment that prioritizes the elderly's needs and quality of life.
Official website here: www.humangood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Lc Hotchkiss Terrace has earned a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score of 81% reflects the charity's commitment to maintaining transparency and responsible financial practices, as it is based entirely on the Accountability & Finance beacon.
The organization boasts a strong independent board structure, with 85% of board members being independent, which enhances governance and oversight. It has also received full points in several key areas such as its audit and oversight committee, conflict of interest policy, and whistleblower policy, showcasing its dedication to ethical operations and compliance.
However, while the financial metrics are commendable, with a program expense ratio of 81.84%, the rating highlights that there is room for improvement in overall operational effectiveness. Stakeholders may benefit from more detailed insights into the charity's impact and program outcomes to complement the financial accountability already established.
This AI summary has been generated from information found on Charity Navigator.
Is Lc Hotchkiss Terrace legitimate?
Lc Hotchkiss Terrace is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lc Hotchkiss Terrace 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 Lc Hotchkiss Terrace?
Lc Hotchkiss Terrace is committed to providing affordable rental housing for the elderly. The organization offers housing units and related facilities and services that are specifically tailored to cater to the physical, social, and psychological needs of the elderly population. The primary goal is to contribute to their health, security, happiness, and usefulness in their later years. By doing so, Lc Hotchkiss Terrace aims to enhance the quality of life for the elderly, ensuring their well-being and overall satisfaction in their golden years. The organization works in association with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act.
Official website here: www.humangood.org
Who is the CEO of Lc Hotchkiss Terrace?
John H Cochrane Iii is the Chief Executive Officer of Lc Hotchkiss Terrace. The CEO's salary of Lc Hotchkiss Terrace is $0 and their total compensation is $671,183.
Official website here: www.humangood.org
What is the revenue of Lc Hotchkiss Terrace?
Lc Hotchkiss Terrace's revenue in 2022 was $663,866.
Official website here: www.humangood.org
Who are the executives of Lc Hotchkiss Terrace and what are their salaries?
Here are 15 key members and their salaries (Lc Hotchkiss Terrace'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 Lc Hotchkiss Terrace?
Lc Hotchkiss Terrace'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 Lc Hotchkiss Terrace
Lc Hotchkiss Terrace is committed to providing affordable rental housing for the elderly, offering facilities and services that cater to their physical, social, and psychological needs. The organization's mission is to contribute to the health, security, happiness, and overall usefulness of the elderly in their longer living years. By doing so, Lc Hotchkiss Terrace aims to create an environment that enhances the quality of life for its elderly residents, ensuring their well-being and fostering their sense of purpose and happiness in their later years. The organization achieves this mission in association with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act.
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Impact
July, 2024
Lc Hotchkiss Terrace's impact is significant in providing low-cost rental housing for the elderly in Duarte, CA. By offering affordable housing options specifically designed to meet the physical, social, and psychological needs of the aged, this organization contributes to the health, security, happiness, and overall well-being of its elderly residents. Through its mission to support longer living and provide essential services tailored to the elderly population, Lc Hotchkiss Terrace plays a crucial role in facilitating a comfortable and supportive living environment for seniors in the community.
This information is meant to be a general summary of Lc Hotchkiss Terrace. 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: $436
- Program Service Revenue: $271,697
- Gross Receipts: $663,866
Assets and Liabilities:
- Total Assets: $5,773,217
- Total Liabilities: $9,119,959
- Net Assets: -$3,346,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$271,697
Organization Details
Founding Year
2002
Phone
(818) 247-0420Principal Officer
John H Cochrane Iii
Main Address
1900 HUNTINGTON DRIVE, DUARTE, CA, 91010
Website
www.humangood.orgNTEE Category
Code: L22 - Housing
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