Overview
What is Telacu Housing-Pico Rivera Inc?
Telacu Housing-Pico Rivera Inc is a California-based nonprofit corporation, established to provide housing for low-income elderly individuals. The organization operates a 70-unit project called Telacu Del Rio, located in Pico Rivera, California. This housing project is funded through housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. Telacu Housing-Pico Rivera Inc's primary purpose is to offer a safe and comfortable living environment for this specific demographic, contributing to community welfare in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
Telacu Housing-Pico Rivera Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in areas related to accountability and finance. The overall score is primarily based on the Accountability & Finance Beacon, which reflects the organization’s financial health and governance practices. While the organization has demonstrated strengths in some financial oversight areas, such as having no material diversion of assets and effective document retention practices, other key factors have negatively impacted its score.
One major concern is the lack of independent board members, which scores 0 out of 8 points. This raises questions about the governance and oversight provided by the board. Additionally, the organization did not have its tax forms posted on its website, which affects transparency, scoring 0 out of 4 points in that category. Despite these weaknesses, the program expense ratio is strong, indicating that a significant portion of resources is allocated to direct programming.
Overall, while Telacu Housing-Pico Rivera Inc shows commitment in certain areas, particularly in safeguarding assets and maintaining effective governance policies, the lack of independent board representation and transparency in financial reporting are notable limitations that could benefit from targeted improvements.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Housing-Pico Rivera Inc legitimate?
Telacu Housing-Pico Rivera Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing-Pico Rivera 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 Rivera Inc?
Telacu Housing-Pico Rivera Inc, a California-based not-for-profit corporation, was established to operate a 70-unit housing project named Telacu Del Rio. The primary objective of this organization is to provide affordable housing for low-income elderly individuals. It receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, aimed at enhancing housing opportunities for the elderly and disabled. The corporation's mission can be interpreted as dedicating its resources to ensuring that elderly people in need have access to suitable housing. It does not disclose a broader mission statement beyond this specific project.
What is the revenue of Telacu Housing-Pico Rivera Inc?
Telacu Housing-Pico Rivera Inc's revenue in 2023 was $605,402.
Who are the executives of Telacu Housing-Pico Rivera Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $2,093,190
- Other: $36,963
- Compensation: $0
- Related: $259,729
- Other: $16,626
- Compensation: $0
- Related: $992,373
- Other: $35,139
- 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 Rivera Inc?
Telacu Housing-Pico Rivera Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Telacu Housing-Pico Rivera Inc
Telacu Housing-Pico Rivera Inc, a not-for-profit corporation, was established with a mission to serve the needs of low-income elderly individuals. The organization was formed in accordance with California's not-for-profit statutes and was established to operate a 70-unit housing project known as Telacu Del Rio, located in Pico Rivera, California. The corporation's primary purpose is to provide affordable housing for this specific demographic, receiving financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. This assistance enables Telacu Housing-Pico Rivera Inc to offer a safe and comfortable living environment for its elderly residents, ensuring they have access to essential housing needs.
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
July, 2024
Telacu Housing-Pico Rivera Inc's impact lies in providing essential housing for low-income elderly persons in the city of Pico Rivera, California. By operating a 70-unit project known as Telacu Del Rio, this organization ensures that vulnerable members of the community have a safe and affordable place to live. Through receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Housing-Pico Rivera Inc plays a crucial role in addressing the housing needs of those who are most in need.
This information is meant to be a general summary of Telacu Housing-Pico Rivera 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 2023.
- Investment Income: $118
- Program Service Revenue: $275,905
- Gross Receipts: $605,402
Assets and Liabilities:
- Total Assets: $3,739,568
- Total Liabilities: $7,985,902
- Net Assets: -$4,246,334
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
$275,905
Organization Details
Founding Year
2000
Principal Officer
Michael Lizarraga
NTEE Category
Code: L21 - Housing
If you are a representative of Telacu Housing-Pico Rivera 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.