Overview
What is Tustin Affordable Housing Corporation?
Tustin Affordable Housing Corporation is a nonprofit organization located at 18100 VON KARMAN AVENUE 500, Irvine, CA 92612. Its primary mission is to provide affordable housing to individuals who are not seniors, aiming to alleviate poverty and support distressed families. The corporation strives to expand the availability of low-income and very low-income housing, with at least 75% of its housing units allocated for such families.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Tustin Affordable Housing Corporation has received a low rating of 54% from Charity Navigator, indicating significant concerns in areas of accountability and financial transparency. The organization has a fully independent board, which is a positive aspect, but it faces serious shortcomings in providing financial statements and maintaining essential policies such as conflict of interest, whistleblower protection, and document retention.
Despite having a high program expense ratio of 97.65%, suggesting that a significant portion of its resources is directed towards programs, the organization has a concerning liabilities to assets ratio of 121.82%. This indicates potential financial instability, raising questions about its long-term viability and operational effectiveness. Moreover, the lack of accessible financial documents on its website further hinders transparency and public trust.
Overall, while the organization shows commitment through its independent governance and program expenditure, the deficiencies in financial reporting and policy framework limit its accountability. Stakeholders may want to seek more information on its financial health and governance practices before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Tustin Affordable Housing Corporation legitimate?
Tustin Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tustin Affordable Housing Corporation 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.none
What is the mission statement of Tustin Affordable Housing Corporation?
Tustin Affordable Housing Corporation's mission is focused on providing affordable housing solutions. They aim to alleviate the housing needs of the poor and distressed, and specifically, emancipated youth from the Orangewood Foundation. To achieve this, they strive to ensure that at least 75% of the housing units in their projects are allocated to low-income and very low-income families. Their goal is to increase the inventory of such housing, thereby contributing to a more equitable housing scenario for these communities.
Official website here: www.none
Who is the CEO of Tustin Affordable Housing Corporation?
Dennis J Sweeney is the President of Tustin Affordable Housing Corporation.
Official website here: www.none
What is the revenue of Tustin Affordable Housing Corporation?
Tustin Affordable Housing Corporation's revenue in 2022 was $1,814,296.
Official website here: www.none
Who are the executives of Tustin Affordable Housing Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Tustin Affordable Housing Corporation
Tustin Affordable Housing Corporation is a non-profit organization dedicated to providing affordable housing solutions for individuals and families who are not considered elderly. The corporation's mission is twofold: firstly, it aims to alleviate poverty and distress by offering low-cost housing; secondly, it strives to increase the inventory of housing units for low-income and very low-income families. To achieve this, the corporation commits to providing at least 75% of its housing units in its projects to these income groups. The organization's efforts contribute to making housing more accessible for those who are in need, thereby providing relief and promoting social equity.
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
Tustin Affordable Housing Corporation plays a crucial role in addressing the housing needs of low and very low-income families in the Irvine area. By focusing on the development and provision of low-cost housing, the organization significantly contributes to alleviating poverty and distress among underserved populations, including emancipated youth.
With a commitment to ensuring that at least seventy-five percent of housing units in their projects are dedicated to those with limited financial resources, Tustin Affordable Housing Corporation effectively increases the inventory of affordable housing. This initiative not only provides essential shelter but also fosters a sense of stability and community for families who might otherwise struggle to find adequate housing.
The organization's efforts in expanding accessible housing options in the region contribute to the overall health and well-being of families, allowing residents to thrive and engage more fully in their communities. By addressing the critical need for affordable housing, Tustin Affordable Housing Corporation helps lay the groundwork for a more equitable living environment in Irvine.
This information is meant to be a general summary of Tustin Affordable Housing Corporation. 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: $430
- Program Service Revenue: $1,813,866
- Gross Receipts: $1,814,296
Assets and Liabilities:
- Total Assets: $5,412,143
- Total Liabilities: $6,593,613
- Net Assets: -$1,181,470
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
$1,776,507
LAUNDRY/VENDING
Revenue
$19,083
OTHER INCOME
Revenue
$10,391
UTILITY INCOME
Revenue
$4,046
GARAGE PARKING
Revenue
$3,629
Organization Details
Founding Year
1999
Phone
(949) 852-0700Principal Officer
Dennis J Sweeney
Main Address
18100 VON KARMAN AVENUE 500, IRVINE, CA, 92612
Website
www.noneNTEE Category
Code: L20 - Housing
If you are a representative of Tustin Affordable Housing Corporation 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.