Overview
What is Hfl Van Nuys Apartments Co Caring Housing Ministries?
Hfl Van Nuys Apartments Co Caring Housing Ministries is a nonprofit organization located in Glendale, California. Their primary focus is on offering low-income housing specifically designed to cater to the unique needs of individuals with mental illnesses. This includes addressing their physical, social, and psychological requirements to promote their overall well-being, security, and happiness. The organization receives financial support for this initiative through the U.S. Department of Housing and Urban Development (HUD) under Section 811 - Project Rental Assistance Contract (PRAC).
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Hfl Van Nuys Apartments Co Caring Housing Ministries has received a low rating of 58%, indicating concerns regarding its overall accountability and financial health. While the organization has excelled in certain governance aspects, such as maintaining a fully independent board and documenting board meeting minutes, it struggles with financial ratios that raise red flags.
One of the organization's strengths lies in its commitment to transparency and accountability, as highlighted by its perfect scores in independent board membership and program expense ratios. However, the significant liabilities to assets ratio of 281.32% suggests potential financial instability, which could impact its long-term sustainability and ability to effectively serve its mission.
Overall, while Hfl Van Nuys Apartments Co demonstrates strong governance practices, the financial challenges indicated by its low score warrant caution for donors and stakeholders. The organization may need to address its financial management to enhance its ratings and better fulfill its objectives in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hfl Van Nuys Apartments Co Caring Housing Ministries legitimate?
Hfl Van Nuys Apartments Co Caring Housing Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hfl Van Nuys Apartments Co Caring Housing Ministries 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
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What is the mission statement of Hfl Van Nuys Apartments Co Caring Housing Ministries?
Hfl Van Nuys Apartments Co Caring Housing Ministries is committed to providing low-income housing for individuals suffering from mental illness. The organization's mission goes beyond just providing shelter; it is also dedicated to offering specialized services designed to cater to the physical, social, and psychological needs of these individuals. Through these services, the organization aims to promote their health, security, and overall happiness. A significant portion of their rental income comes from the U.S. Department of Housing and Urban Development (HUD) under the Section 811 Project Rental Assistance Contract (PRAC).
Who is the CEO of Hfl Van Nuys Apartments Co Caring Housing Ministries?
Larry Haramoto is the President of Hfl Van Nuys Apartments Co Caring Housing Ministries.
What is the revenue of Hfl Van Nuys Apartments Co Caring Housing Ministries?
Hfl Van Nuys Apartments Co Caring Housing Ministries's revenue in 2022 was $182,676.
Who are the executives of Hfl Van Nuys Apartments Co Caring Housing Ministries and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hfl Van Nuys Apartments Co Caring Housing Ministries?
Hfl Van Nuys Apartments Co Caring Housing Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hfl Van Nuys Apartments Co Caring Housing Ministries
Hfl Van Nuys Apartments Co Caring Housing Ministries is a nonprofit organization dedicated to providing low-income housing for individuals with mental illnesses. Their mission is to design and offer services that cater to the physical, social, and psychological needs of these individuals, aiming to enhance their health, security, and overall happiness. A significant portion of their rental income is funded through a contract with the U.S. Department of Housing and Urban Development (HUD) under Section 811 Project Rental Assistance Contract (PRAC).
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Impact
October, 2024
Hfl Van Nuys Apartments Co Caring Housing Ministries significantly impacts the community by providing low-income housing specifically designed for individuals facing mental health challenges. Through tailored services that address their physical, social, and psychological needs, the organization fosters an environment where residents can feel secure and supported.
By operationalizing this mission, the project not only ensures stable housing through financial assistance from HUD's Section 811 Project Rental Assistance Contract, but also promotes the overall health and happiness of its residents. This holistic approach encourages a sense of community, enhancing the well-being of individuals who may otherwise struggle with isolation or inadequate support systems.
By addressing critical needs in affordable housing and specialized care, Hfl Van Nuys Apartments contributes to improving the quality of life for residents, ultimately fostering greater empowerment and integration within the broader community.
This information is meant to be a general summary of Hfl Van Nuys Apartments Co Caring Housing Ministries. 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: $585
- Program Service Revenue: $182,091
- Gross Receipts: $182,676
Assets and Liabilities:
- Total Assets: $1,486,461
- Total Liabilities: $3,867,009
- Net Assets: -$2,380,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$142,071
Rents - Tenants
Revenue
$40,020
Organization Details
Founding Year
2003
Phone
(818) 254-1414Principal Officer
Larry Haramoto
Main Address
800 N BRAND BLVD FLOOR 19, GLENDALE, CA, 91203
NTEE Category
Code: L21 - Housing
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