Overview
What is Telacu Housing-San Bernardino Inc?
Telacu Housing-San Bernardino Inc is a not-for-profit organization established in compliance with California's nonprofit laws. The corporation's primary mission is to operate a 75-unit housing community named Telacu Sierra Vista, situated in San Bernardino, California. This community serves as a home for very low-income elderly individuals. The organization receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, thereby enabling it to provide affordable housing solutions to its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Telacu Housing-San Bernardino Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 64% in its Accountability & Finance category. This score indicates that the organization faces significant challenges in certain areas of governance and financial transparency, as most of its score is derived from this single beacon. The organization had a solid performance in aspects like the material diversion of assets and program expense ratio, which are positive indicators of its operational integrity and focus on programmatic spending.
However, the organization shows notable weaknesses in board governance, particularly with respect to the independence and size of its board, which received a score of zero in both categories. The lack of independent board members can raise concerns regarding oversight and accountability. Additionally, the organization failed to provide essential financial documents on its website, as indicated by a score of zero for the tax form posting, which diminishes transparency.
While some policies, such as conflict of interest and whistleblower protections, scored well, overall, Telacu Housing-San Bernardino Inc has areas for improvement. Enhancing board independence and making financial statements more accessible to the public could strengthen its rating and foster greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Housing-San Bernardino Inc legitimate?
Telacu Housing-San Bernardino Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing-San Bernardino 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-San Bernardino Inc?
Telacu Housing-San Bernardino Inc. is a non-profit organization, established under the not-for-profit statutes of California. Its primary objective is to manage a 75-unit housing community named Telacu Sierra Vista, located in California. This community is designed to provide affordable housing for elderly individuals with very low income. The organization receives financial assistance from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act, which is amended. The mission of Telacu Housing-San Bernardino Inc. is to facilitate the provision of safe and affordable housing for this specific group of individuals, thereby contributing to their well-being and overall quality of life.
Who is the CEO of Telacu Housing-San Bernardino Inc?
Michael D Lizarraga is the President of Telacu Housing-San Bernardino Inc.
What is the revenue of Telacu Housing-San Bernardino Inc?
Telacu Housing-San Bernardino Inc's revenue in 2022 was $654,336.
Who are the executives of Telacu Housing-San Bernardino 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-San Bernardino Inc?
Telacu Housing-San Bernardino Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Housing-San Bernardino Inc
Telacu Housing-San Bernardino Inc, a California-based not-for-profit organization, was established with a mission to provide housing for elderly individuals with very low income. This mission is carried out through the operation of a 75-unit community named Telacu Sierra Vista, located in San Bernardino, California. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, which is amended. The primary purpose of Telacu Housing-San Bernardino Inc is to offer a safe and affordable living space for this specific demographic, thereby contributing to their well-being and quality of life.
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Impact
July, 2024
Telacu Housing-San Bernardino Inc's impact can be seen in the provision of affordable housing for very low-income elderly persons in San Bernardino, California. Through its operation of the 75-unit community known as Telacu Sierra Vista, the organization plays a crucial role in addressing the housing needs of a vulnerable population. By receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Housing-San Bernardino Inc contributes to ensuring that elderly individuals have access to safe and affordable housing options. This impact directly improves the quality of life for those in need within the community.
This information is meant to be a general summary of Telacu Housing-San Bernardino 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: $407
- Program Service Revenue: $219,589
- Gross Receipts: $654,336
Assets and Liabilities:
- Total Assets: $3,305,353
- Total Liabilities: $7,094,076
- Net Assets: -$3,788,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$219,589
Organization Details
Founding Year
2000
Phone
(323) 721-1655Principal Officer
Michael D Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L22 - Housing
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