Overview
What is The Salvation Army Denver Residence Inc?
The Salvation Army Denver Residence Inc. is a nonprofit organization, located in Rancho Palos Verdes, California, specifically in the Legal Department at 30840 Hawthorne Boulevard. Their primary mission involves managing a 56-unit apartment complex, providing subsidized housing for low-income elderly or handicapped individuals. This initiative aims to alleviate housing challenges and contribute positively to the community, as the organization operates with a staff of three dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Salvation Army Denver Residence Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. With an overall score of 92%, the organization excels particularly in maintaining a high level of transparency and ethical governance, supported by an entirely independent board and robust financial oversight practices.
The organization demonstrates exceptional program efficiency, with a program expense ratio of 95.82%, suggesting that the vast majority of its resources are directed toward its mission-related activities. Additionally, the absence of any material diversion of assets and the presence of comprehensive policies for conflict of interest, whistleblower protection, and document retention further enhance its credibility.
While the ratings reflect a very strong financial standing and governance structure, it is essential for potential donors and supporters to consider how these financial metrics translate into direct impact on the community served. Overall, The Salvation Army Denver Residence Inc appears to be a well-managed nonprofit focused on fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Denver Residence Inc legitimate?
The Salvation Army Denver Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Denver Residence 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: $101,976
For more financial information, click here
What is the mission statement of The Salvation Army Denver Residence Inc?
The Salvation Army Denver Residences Inc. operates as a non-profit organization, managing a 56-unit apartment complex. Their primary mission is to provide subsidized housing for low-income elderly or handicapped individuals, ensuring they have a suitable living environment. This initiative aims to support these vulnerable populations by offering them affordable housing options. The organization's work is instrumental in providing a sense of security and comfort to those in need.
Who is the CEO of The Salvation Army Denver Residence Inc?
Douglas Riley is the President of The Salvation Army Denver Residence Inc.
What is the revenue of The Salvation Army Denver Residence Inc?
The Salvation Army Denver Residence Inc's revenue in 2022 was $481,856.
Who are the executives of The Salvation Army Denver Residence Inc and what are their salaries?
The average compensation at The Salvation Army Denver Residence Inc during 2022 was $33,992. There are 3 employees at The Salvation Army Denver Residence 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 Denver Residence Inc?
The Salvation Army Denver Residence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Salvation Army Denver Residence Inc
The Salvation Army Denver Residences Inc is a non-profit organization that operates a 56-unit apartment complex, providing subsidized housing to low-income elderly or handicapped individuals. Their mission is centered around offering a living space that is accessible and affordable, catering specifically to those who may be financially disadvantaged due to their age or disability. By offering subsidized housing, this non-profit organization aims to contribute to the well-being and independence of these individuals, enabling them to live with dignity and security.
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Impact
July, 2024
The Salvation Army Denver Residence Inc provides critical support by offering subsidized housing to low-income elderly and handicapped individuals. This assistance directly addresses the pressing need for affordable accommodation in the community, ensuring that vulnerable populations have a safe and supportive environment to call home. In doing so, The Salvation Army Denver Residence Inc helps improve the quality of life for those facing financial constraints and physical challenges, promoting stability and dignity for its residents.
This information is meant to be a general summary of The Salvation Army Denver Residence 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: $1,921
- Program Service Revenue: $260,795
- Gross Receipts: $481,856
Assets and Liabilities:
- Total Assets: $1,750,661
- Total Liabilities: $53,377
- Net Assets: $1,697,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$260,795
Organization Details
Founding Year
1991
Principal Officer
Douglas Riley
Main Address
LEGAL DEPT 30840 HAWTHORNE BLVD, RANCHO PALOS VERDES, CA, 90275
NTEE Category
Code: L80Z - Housing
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