Overview
What is Beacon Senior Housing Corp?
Beacon Senior Housing Corp is a nonprofit organization situated in Duarte, California, specifically at 1900 Huntington Drive, CA 91010. Their primary mission is to provide affordable living accommodations for senior citizens, tailoring their facilities and services to cater to the unique physical, social, and psychological needs of the elderly. This aim is to contribute positively to their overall health, security, happiness, and continued productivity in their later years. They operate under the auspices of the United States Department of Housing and Urban Development, adhering to Section 202 of the National Housing Act. The organization goes by the name Rosewood Court in their day-to-day operations.
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
Beacon Senior Housing Corp has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is based solely on the Accountability & Finance beacon, indicating a strong focus on financial transparency and responsible governance. The fiscal year assessed was FY2022, and the organization demonstrated solid performance in key areas, particularly in board independence and financial oversight.
The nonprofit has a majority of independent board members, with 85% of its board being independent, and it also boasts a robust financial oversight structure, receiving full points for its audit and oversight committee. Beacon Senior Housing Corp has effectively implemented policies for conflict of interest, whistleblowing, and document retention, which are essential for maintaining accountability and transparency in its operations.
One of the standout aspects of the organization's financial health is its program expense ratio, which is an impressive 91.43%. This indicates that a significant portion of its expenses is directed toward its mission-driven activities, ensuring that funds are utilized effectively. However, while the score is commendable, there are no additional qualitative metrics provided that would offer insights into the impact of their programs on the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Senior Housing Corp legitimate?
Beacon Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon 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 Beacon Senior Housing Corp?
Beacon Senior Housing Corp's mission is centered around providing affordable rental housing for the elderly. The organization designs facilities and services specifically catering to the physical, social, and psychological needs of the elderly, aiming to enhance their health, security, happiness, and overall usefulness in longer living. Their mission contributes to the well-being of the elderly, ensuring they live with dignity and independence. Beacon Senior Housing Corp collaborates with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act to offer low-income retirement housing.
Official website here: www.humangood.org
Who is the CEO of Beacon Senior Housing Corp?
John H Cochrane Iii is the Chief Executive Officer of Beacon Senior Housing Corp. The CEO's salary of Beacon Senior Housing Corp is $0 and their total compensation is $671,183.
Official website here: www.humangood.org
What is the revenue of Beacon Senior Housing Corp?
Beacon Senior Housing Corp's revenue in 2022 was $657,934.
Official website here: www.humangood.org
Who are the executives of Beacon Senior Housing Corp and what are their salaries?
Here are 15 key members and their salaries (Beacon 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 Beacon Senior Housing Corp?
Beacon 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 Beacon Senior Housing Corp
Beacon Senior Housing Corp is committed to providing affordable rental housing for the elderly, catering to their unique physical, social, and psychological needs. This organization, in line with its mission, ensures the availability of necessary facilities and services that contribute to the elderly's health, security, happiness, and overall usefulness in prolonged living. By collaborating with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act, Beacon Senior Housing Corp works diligently to meet the aging population's needs, enhancing their quality of life and promoting their overall well-being.
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Impact
July, 2024
Beacon Senior Housing Corp plays a crucial role in providing low-cost rental housing for the elderly, along with related facilities and services tailored to meet the physical, social, and psychological needs of seniors. By offering affordable retirement housing in association with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act, Beacon Senior Housing Corp contributes significantly to the health, security, happiness, and usefulness of seniors in their later years. This organization's impact lies in ensuring that elderly individuals have access to safe and comfortable housing that enhances their overall well-being and quality of life.
This information is meant to be a general summary of Beacon 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: $330
- Program Service Revenue: $227,683
- Gross Receipts: $657,934
Assets and Liabilities:
- Total Assets: $4,016,834
- Total Liabilities: $7,008,660
- Net Assets: -$2,991,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$223,478
LAUNDRY AND VENDING
Revenue
$2,904
TENANT CHARGES
Revenue
$1,301
Organization Details
Founding Year
1999
Phone
(818) 247-0420Principal Officer
John H Cochrane Iii
Main Address
1900 HUNTINGTON DRIVE, DUARTE, CA, 91010
Website
www.humangood.orgNTEE Category
Code: L20 - Housing
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