Overview
What is Pacific Housing Development Inc?
Pacific Housing Development Inc, established in 2004 in accordance with California's not-for-profit laws, is a dedicated organization aimed at offering housing solutions for individuals with disabilities who fall under low-income categories. Located in Monterey Park, California, the organization operates a six-unit community called Pacific Housing Development, which adheres to Section 811 of the National Housing Act. Their primary mission is to provide comfortable and inclusive living spaces, contributing to the betterment of the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Pacific Housing Development Inc has achieved a Three-Star rating from Charity Navigator, reflecting a score of 79%. This score is derived entirely from their Accountability & Finance metrics, indicating a strong emphasis on responsible financial practices. The organization excels in areas such as having a fully independent board and effective policies regarding conflict of interest, whistleblower protection, and document retention.
The nonprofit demonstrates a commendable program expense ratio of 80.48%, suggesting that a significant portion of its expenditures directly support its mission. This level of financial efficiency is a positive indicator for potential donors, as it reflects a commitment to using resources effectively. However, the organization faces a notable challenge with a liabilities to assets ratio of 157.00%, which may raise concerns about financial stability and long-term sustainability.
Overall, while Pacific Housing Development Inc has strengths in governance and program spending, potential supporters should consider the high liabilities relative to assets. This balance of strengths and concerns offers a nuanced perspective for those looking to engage with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Pacific Housing Development Inc legitimate?
Pacific Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Housing Development 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:
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Other Salaries and Wages: $0
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What is the mission statement of Pacific Housing Development Inc?
Pacific Housing Development Inc, as a not-for-profit organization, is committed to providing housing for individuals with disabilities who have low income. Established under the not-for-profit statutes of California, the corporation operates a 6-unit community, known as Pacific Housing Development, which caters specifically to people with disabilities, following the guidelines set by Section 811 of the National Housing Act. The mission of Pacific Housing Development Inc is centered around ensuring that individuals with disabilities have access to suitable housing, thereby improving their overall quality of life.
Who is the CEO of Pacific Housing Development Inc?
Takao Suzuki is the President of Pacific Housing Development Inc.
What is the revenue of Pacific Housing Development Inc?
Pacific Housing Development Inc's revenue in 2022 was $76,472.
Who are the executives of Pacific Housing Development Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Pacific Housing Development Inc?
Pacific Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pacific Housing Development Inc
Pacific Housing Development Inc, a not-for-profit corporation, is committed to providing housing for individuals with disabilities who are of low income. Established in accordance with California's not-for-profit statutes, this organization's primary mission is to offer suitable living spaces for this specific group of individuals. To accomplish this, Pacific Housing Development Inc operates a community housing facility, known as Pacific Housing Development, which follows the guidelines set by Section 811 of the National Housing Act. This act aims to ensure that such individuals have access to safe and affordable housing options. By providing housing for those with disabilities, Pacific Housing Development Inc contributes to enhancing their quality of life and promoting their overall well-being.
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Impact
August, 2024
Pacific Housing Development Inc has a profound impact on the community by providing crucial housing opportunities for low-income individuals with disabilities. Through their initiative, Pacific Housing Development offers a safe and stable living environment for those who may face challenges in finding suitable housing elsewhere. This organization's dedication to supporting individuals with disabilities enhances inclusivity and accessibility within the community, ultimately improving the quality of life for its residents. The provision of affordable housing for this underserved population contributes significantly to addressing housing inequality and promoting a more equitable society.
This information is meant to be a general summary of Pacific Housing Development 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: $9
- Program Service Revenue: $19,194
- Gross Receipts: $76,472
Assets and Liabilities:
- Total Assets: $1,460,706
- Total Liabilities: $2,293,419
- Net Assets: -$832,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$19,194
Organization Details
Founding Year
2004
Phone
(213) 473-3030Principal Officer
Takao Suzuki
Main Address
231 E THIRD STREET G106, LOS ANGELES, CA, 90013
NTEE Category
Code: L21 - Housing
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