Overview
What is The Salvation Army Riverside Residences Inc?
The Salvation Army Riverside Residences Inc, located at 30840 Hawthorne Blvd, Rancho Palos Verdes, CA 90275, is a non-profit organization that focuses on providing subsidized housing for low-income elderly or handicapped individuals. As a key component of its mission, this apartment complex offers a supportive living environment, ensuring that those in need have access to safe and affordable accommodation. With a dedicated workforce of four employees, The Salvation Army Riverside Residences Inc continues to play a vital role in enhancing the lives of its residents by offering them a stable and comfortable living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Salvation Army Riverside Residences Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With a score of 94%, the organization demonstrates a strong commitment to transparency and effective governance, boasting 100% independent board members and high marks across various financial metrics.
The nonprofit excels in managing its resources, as indicated by its impressive program expense ratio of 95.92%, which suggests that the majority of its funding is directed toward its mission-related activities. Additionally, the organization has no reported material diversion of assets, ensuring that donor contributions are utilized effectively for their intended purposes.
While the rating highlights many strengths, it is crucial for potential donors and volunteers to consider how the organization's operational strategies align with their personal values and goals. Overall, The Salvation Army Riverside Residences Inc stands out as a reliable and accountable nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Riverside Residences Inc legitimate?
The Salvation Army Riverside Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Riverside Residences 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: $97,155
For more financial information, click here
What is the mission statement of The Salvation Army Riverside Residences Inc?
The Salvation Army Riverside Residences Inc is a non-profit organization that provides subsidized housing for the elderly and handicapped individuals with low income. Its mission is to offer a living space that is affordable and supportive, ensuring these individuals have a comfortable and dignified place to reside. The organization strives to meet the unique needs of its residents, fostering an environment of care and community. By offering subsidized housing, The Salvation Army Riverside Residences Inc aims to promote independence and wellbeing for its residents, providing them with a sense of security and stability.
Who is the CEO of The Salvation Army Riverside Residences Inc?
Douglas Riley is the President of The Salvation Army Riverside Residences Inc.
What is the revenue of The Salvation Army Riverside Residences Inc?
The Salvation Army Riverside Residences Inc's revenue in 2022 was $665,034.
Who are the executives of The Salvation Army Riverside Residences Inc and what are their salaries?
The average compensation at The Salvation Army Riverside Residences Inc during 2022 was $24,289. There are 4 employees at The Salvation Army Riverside Residences Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $50,544
- Other: $31,109
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $28,990
- Other: $25,787
- Compensation: $0
- Related: $27,234
- Other: $25,787
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Salvation Army Riverside Residences Inc?
The Salvation Army Riverside Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Salvation Army Riverside Residences Inc
The Salvation Army Riverside Residences Inc is a dedicated non-profit organization that provides subsidized housing solutions to low-income elderly or handicapped individuals. Their mission is centered around creating a living space that caters to the unique needs of this vulnerable population, ensuring they can live with dignity and independence. By offering subsidized housing, The Salvation Army Riverside Residences Inc bridges the gap between limited financial resources and the essential requirement of a safe and comfortable living environment. This commitment to social responsibility demonstrates their dedication to uplifting the lives of those in need.
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Impact
July, 2024
The Salvation Army Riverside Residences Inc provides vital subsidized housing to low-income elderly or handicapped individuals in Rancho Palos Verdes, CA. By offering affordable accommodation, this organization ensures that vulnerable populations have a safe and stable place to call home. Through its mission, The Salvation Army Riverside Residences Inc plays a crucial role in addressing housing insecurity among marginalized groups, positively impacting the well-being and quality of life of those it serves.
This information is meant to be a general summary of The Salvation Army Riverside Residences 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: $2,945
- Program Service Revenue: $236,529
- Gross Receipts: $665,034
Assets and Liabilities:
- Total Assets: $3,321,106
- Total Liabilities: $658,276
- Net Assets: $2,662,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$236,529
Organization Details
Founding Year
1989
Principal Officer
Douglas Riley
Main Address
30840 HAWTHORNE BLVD, RANCHO PALOS VERDES, CA, 90275
NTEE Category
Code: L21P - Housing
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