Overview
What is Telacu Housing - Pico Aliso Inc?
Telacu Housing - Pico Aliso Inc is a California-based nonprofit corporation, established to provide housing for low-income elderly individuals. Located in Los Angeles, California, the organization operates a 75-unit community named Telacu Pico Aliso. This community serves as a sanctuary for elderly residents, receiving financial assistance from the U.S. Department of Housing and Urban Development through Section 202 of the National Housing Act. The mission of Telacu Housing - Pico Aliso Inc is to offer a safe and supportive living environment for its residents, ensuring they can age with dignity and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Stars
Telacu Housing - Pico Aliso Inc has received a Two-Star rating from Charity Navigator, indicating a performance that is below average in terms of accountability and finance. The organization's overall score is 64%, reflecting some strengths but notable weaknesses, particularly in board independence and transparency regarding financial disclosures. The charity has a well-functioning audit and oversight committee, but it lacks independent board members, which is a significant area of concern.
The organization has demonstrated solid program expenses, with 86.78% of its budget allocated directly to programs, showcasing a commitment to its mission. However, the financial health of the charity raises alarms, with a liabilities-to-assets ratio of 249.14%, suggesting potential financial instability. This could affect the charity's long-term sustainability and operational capacity.
While Telacu Housing - Pico Aliso Inc has implemented several governance policies, such as a conflict of interest policy and a whistleblower policy, it has fallen short in transparency. Key documents such as tax forms are not accessible on its website, which detracts from its accountability. Overall, while the organization shows a dedication to its programs, significant improvements are needed in governance practices and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Housing - Pico Aliso Inc legitimate?
Telacu Housing - Pico Aliso Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing - Pico Aliso 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: $0
For more financial information, click here
What is the mission statement of Telacu Housing - Pico Aliso Inc?
Telacu Housing - Pico Aliso Inc is a not-for-profit corporation established in accordance with California's not-for-profit statutes. Its primary objective is to operate a 75-unit residential community, named Telacu Pico Aliso, located in Los Angeles, California. This community is specifically designed to provide housing for low-income elderly individuals. The corporation receives support in its mission through housing assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which has been amended. The corporation's role is to ensure that these elderly individuals have access to suitable housing.
Who is the CEO of Telacu Housing - Pico Aliso Inc?
Michael D Lizarraga is the President of Telacu Housing - Pico Aliso Inc.
What is the revenue of Telacu Housing - Pico Aliso Inc?
Telacu Housing - Pico Aliso Inc's revenue in 2022 was $762,504.
Who are the executives of Telacu Housing - Pico Aliso Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,889,036
- Other: $34,761
- Compensation: $0
- Related: $249,667
- Other: $15,864
- Compensation: $0
- Related: $955,911
- Other: $32,937
- Compensation: $0
- Related: $25,640
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $36,000
- Other: $0
Where can I find the form 990 for Telacu Housing - Pico Aliso Inc?
Telacu Housing - Pico Aliso Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Housing - Pico Aliso Inc
Telacu Housing - Pico Aliso Inc, a California-based not-for-profit corporation, was established with a mission to provide housing for low-income elderly individuals. The organization was formed in accordance with the state's not-for-profit statutes and operates a 75-unit community, known as Telacu Pico Aliso, located in Los Angeles. Telacu Housing - Pico Aliso Inc receives housing assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which is aimed at aiding low-income communities. The corporation's primary purpose is to serve as a safe haven for elderly individuals who are financially disadvantaged, providing them with a suitable living environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Telacu Housing - Pico Aliso Inc has a significant impact on the community by providing affordable housing for low-income elderly individuals in Los Angeles. By operating the 75-unit community known as Telacu Pico Aliso, the organization addresses a crucial need for stable housing among vulnerable populations.
The assistance received from the U.S. Department of Housing and Urban Development enables Telacu Housing to maintain affordable rental rates, ensuring that elderly residents can secure safe and comfortable living arrangements. This not only enhances the quality of life for residents but also fosters a sense of community and belonging among seniors.
Moreover, Telacu Housing - Pico Aliso Inc contributes to the broader goal of reducing homelessness and housing insecurity among the elderly, creating a supportive environment where residents can thrive. By prioritizing the needs of low-income seniors, the organization plays a vital role in promoting dignity, independence, and improved well-being for this demographic within Los Angeles.
This information is meant to be a general summary of Telacu Housing - Pico Aliso 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: $667
- Program Service Revenue: $273,114
- Gross Receipts: $762,504
Assets and Liabilities:
- Total Assets: $2,800,705
- Total Liabilities: $6,977,902
- Net Assets: -$4,177,197
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$273,114
Organization Details
Founding Year
1999
Phone
(323) 721-1655Principal Officer
Michael D Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L21 - Housing
If you are a representative of Telacu Housing - Pico Aliso Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.