Overview
What is Cathedral Arms Inc?
Cathedral Arms Inc is a nonprofit organization situated in Pasadena, California. Their primary mission is to provide affordable housing for low-income elderly individuals, specifically those aged 62 or above. With a total of five employees, they manage a federally subsidized apartment complex comprising 206 units, all dedicated to serving this demographic under various HUD programs. Their key focus is on ensuring these senior citizens have access to suitable living conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%
Cathedral Arms Inc has received an 86% rating from Charity Navigator, which corresponds to a Three-Star out of Four Star rating. This score reflects strong accountability and financial management, as the evaluation is based entirely on this aspect. The organization demonstrates a sound fiscal operation, indicating a commitment to maintaining transparency and effective governance.
The nonprofit boasts a fully independent board, with all eight members meeting this criterion, and a robust audit and oversight committee that has secured full points in financial statement evaluations. Additionally, the organization shows no material diversion of assets, indicating prudent asset management and integrity in its operations. The program expense ratio is also commendable at 76.12%, suggesting that a significant portion of its resources is directed towards its mission-related programs.
While there are no significant limitations noted in the available data, potential donors and stakeholders may wish to consider the overall impact and outreach of Cathedral Arms Inc beyond financial metrics to gain a comprehensive understanding of its effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Cathedral Arms Inc legitimate?
Cathedral Arms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral Arms 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: $298,973
For more financial information, click here
What is the mission statement of Cathedral Arms Inc?
Cathedral Arms Inc is committed to operating a federally subsidized apartment complex, housing 206 units, specifically for low-income elderly individuals who are 62 years of age or older. The organization's mission, under the HUD programs, is to provide a safe and affordable living space for this specific demographic. Cathedral Arms Inc aims to contribute to their residents' well-being by ensuring they have access to a stable and supportive environment. The complex strives to meet the housing needs of its elderly residents and promote a sense of community among them.
Who is the CEO of Cathedral Arms Inc?
Emil J Wohl is the President of Cathedral Arms Inc.
What is the revenue of Cathedral Arms Inc?
Cathedral Arms Inc's revenue in 2022 was $4,823,060.
Who are the executives of Cathedral Arms Inc and what are their salaries?
The average compensation at Cathedral Arms Inc during 2022 was $59,795. There are 5 employees and 6 volunteers at Cathedral Arms Inc.
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Cathedral Arms Inc?
Cathedral Arms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cathedral Arms Inc
Cathedral Arms Inc is dedicated to providing housing solutions for elderly individuals who fall under the category of low income, specifically those who are 62 years of age or older. The organization operates a federally subsidized apartment complex, comprising 206 units, as part of HUD programs. This residential facility serves as a crucial resource, offering these individuals a secure and affordable living space. By doing so, Cathedral Arms Inc contributes to ensuring that elderly individuals have access to suitable housing, thereby enhancing their overall quality of life.
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Impact
October, 2024
Cathedral Arms Inc plays a significant role in providing stable housing for low-income elderly individuals in Pasadena, CA. By operating a federally subsidized apartment complex with 206 units, the organization addresses the critical need for affordable living options for seniors aged 62 and older. This initiative not only enhances the quality of life for its residents by ensuring they have access to safe and secure housing, but it also fosters a sense of community among older adults who may otherwise experience isolation. Through its commitment to supporting vulnerable populations, Cathedral Arms Inc contributes to the overall well-being of the community by promoting dignity and independence for elderly residents. Additionally, participation in HUD programs ensures that these residents benefit from reliable housing assistance, allowing them to focus on their health and social connections rather than financial insecurity.
This information is meant to be a general summary of Cathedral Arms 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: $134,810
- Program Service Revenue: $4,688,250
- Gross Receipts: $4,823,060
Assets and Liabilities:
- Total Assets: $34,686,159
- Total Liabilities: $11,510,059
- Net Assets: $23,176,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY/VENDING REVENUE
Revenue
$6,318
TENANT CHARGES
Revenue
$297
TENANT RENT
Revenue
$4,681,635
Organization Details
Founding Year
2005
Phone
(323) 258-3512Principal Officer
Emil J Wohl
Main Address
PO BOX 7070, PASADENA, CA, 91109
NTEE Category
Code: L22 - Housing
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