Overview
What is Bandera Senior Housing Corp?
Bandera Senior Housing Corp is a nonprofit organization situated in Duarte, California, with an address at 1900 Huntington Drive, CA 91010. Their primary mission is to provide affordable housing for the elderly, catering to their physical, social, and psychological needs, thereby enhancing their health, security, happiness, and overall usefulness in their later years. They work in partnership with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act. This organization's goal is to offer low-cost rental housing, along with related facilities and services, tailored to meet the specific needs of the elderly community.
Official website here: www.humangood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Bandera Senior Housing Corp has received an overall score of 81% from Charity Navigator, indicating a solid performance in accountability and finance. This score is derived entirely from its Accountability & Finance rating, showcasing the charity's commitment to maintaining transparency and responsible financial practices. The organization has established a majority-independent board, ensuring sound governance with 85% of its board members being independent.
The nonprofit demonstrates strong financial oversight, evidenced by its perfect scores in several areas, including an effective audit and oversight committee, clear conflict of interest policies, and documented board meeting minutes. However, the organization faces a notable issue with its liabilities to assets ratio, standing at 162.01%, which may raise concerns about its financial health and sustainability. Despite this, their high program expense ratio of 83.17% reflects a strong focus on direct service provision.
Overall, while Bandera Senior Housing Corp shows strengths in governance and financial accountability, the high liabilities compared to assets may warrant further scrutiny for potential impacts on long-term viability. The organization remains committed to serving its community effectively, but stakeholders should be mindful of its financial positioning.
This AI summary has been generated from information found on Charity Navigator.
Is Bandera Senior Housing Corp legitimate?
Bandera Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bandera Senior Housing Corp 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 Bandera Senior Housing Corp?
Bandera Senior Housing Corp's mission is centered around providing affordable rental housing for the elderly. This housing, along with related facilities and services, is specifically designed to cater to the physical, social, and psychological needs of the elderly. The goal is to contribute positively to their health, security, happiness, and overall usefulness in their later years. The organization carries out this mission 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 Bandera Senior Housing Corp?
John H Cochrane Iii is the Chief Executive Officer of Bandera Senior Housing Corp. The CEO's salary of Bandera Senior Housing Corp is $0 and their total compensation is $671,183.
Official website here: www.humangood.org
What is the revenue of Bandera Senior Housing Corp?
Bandera Senior Housing Corp's revenue in 2022 was $721,568.
Official website here: www.humangood.org
Who are the executives of Bandera Senior Housing Corp and what are their salaries?
Here are 15 key members and their salaries (Bandera Senior Housing Corp'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 Bandera Senior Housing Corp?
Bandera Senior Housing Corp'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 Bandera Senior Housing Corp
Bandera Senior Housing Corp is dedicated to providing affordable rental housing for the elderly, offering facilities and services tailored to meet their physical, social, and psychological needs. This mission aims to enhance the health, security, happiness, and usefulness of older adults, contributing to their longer living. The organization collaborates with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act to deliver this service.
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Impact
October, 2024
Bandera Senior Housing Corp significantly improves the quality of life for elderly residents by providing accessible, low-cost rental housing tailored to their specific needs. Their facilities and services are designed to address the physical, social, and psychological aspects of aging, promoting overall health and well-being. By creating a supportive environment, they enhance the security and happiness of seniors, enabling them to lead fulfilling lives. This organization plays a crucial role in offering not just a place to live, but a community that fosters connection and purpose, thereby contributing to the longer and more meaningful lives of the elderly in Duarte, CA. Through collaboration with the U.S. Department of Housing and Urban Development, Bandera Senior Housing Corp ensures that low-income retirees have a safe and nurturing home.
This information is meant to be a general summary of Bandera Senior Housing Corp. 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: $347
- Program Service Revenue: $227,762
- Gross Receipts: $721,568
Assets and Liabilities:
- Total Assets: $3,644,572
- Total Liabilities: $5,904,861
- Net Assets: -$2,260,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$227,762
Organization Details
Founding Year
1996
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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