Overview
What is Riverside Housing Development Corporation?
The Riverside Housing Development Corporation is a nonprofit organization situated in Riverside, California. Its primary mission is to provide and manage affordable housing units for individuals with low and moderate incomes within Riverside and San Bernardino counties. By doing so, the corporation aims to alleviate governmental burden, combat community deterioration, and eradicate neighborhood blight. The organization operates with a workforce of 44 individuals, dedicating its efforts towards the development and operation of affordable housing, ultimately contributing positively to its community.
Official website here: www.rhdcca.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Riverside Housing Development Corporation has earned a Three-Star rating from Charity Navigator, highlighting a strong focus on accountability and finance with an 81% score in this category. The organization demonstrates a high level of governance with a fully independent board and effective financial oversight, evidenced by their solid program expense ratio of 76.79%. This indicates a commitment to utilizing funds effectively for program-related activities.
However, user feedback from Great Nonprofits presents a contrasting view, with a one-star review from a professional who criticized the organization for its management of housing conditions, describing them as "slumlords." The reviewer detailed distressing experiences with severe flooding and inadequate response to maintenance issues, indicating significant dissatisfaction with the organization’s services.
While Riverside Housing Development Corporation appears to maintain strong governance and financial practices, the negative user feedback raises concerns about its operational effectiveness and responsiveness to residents' needs. This dichotomy suggests that potential donors and stakeholders may want to consider both financial ratings and direct user experiences when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Riverside Housing Development Corporation legitimate?
Riverside Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverside Housing Development 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: $249,596
Professional Fundraising Fees: $0
Other Salaries and Wages: $782,645
For more financial information, click here
Official website here: www.rhdcca.org
What is the mission statement of Riverside Housing Development Corporation?
The Riverside Housing Development Corporation is established with the primary objective of developing and managing affordable housing units for low and moderate-income individuals. This organization aims to alleviate the government's burden, combat community deterioration, and eliminate neighborhood blight. By offering affordable housing, the corporation contributes to lessening the pressure on public resources and improving living conditions in the community. The Rental Apartments Program is one of their initiatives, providing housing units that are managed and maintained as low-income housing options for the community.
Official website here: www.rhdcca.org
Who is the CEO of Riverside Housing Development Corporation?
Bruce Kulpa is the Ceo/Cfo of Riverside Housing Development Corporation. The CEO's salary of Riverside Housing Development Corporation is $0 and their total compensation is $0.
Official website here: www.rhdcca.org
What is the revenue of Riverside Housing Development Corporation?
Riverside Housing Development Corporation's revenue in 2023 was $4,066,421.
Official website here: www.rhdcca.org
Who are the executives of Riverside Housing Development Corporation and what are their salaries?
The average compensation at Riverside Housing Development Corporation during 2023 was $23,460. There are 44 employees and 4 volunteers at Riverside Housing Development Corporation.
Here are 7 key members and their salaries (Riverside Housing Development Corporation's CEO's salary is $0 and their total compensation is $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
- Compensation: $0
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- Other: $0
- Compensation: $134,912
- Related: $0
- Other: $0
- Compensation: $114,684
- Related: $0
- Other: $0
Official website here: www.rhdcca.org
Where can I find the form 990 for Riverside Housing Development Corporation?
Riverside Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rhdcca.org
Learn more at the official website: www.rhdcca.org
Mission Statement of Riverside Housing Development Corporation
Riverside Housing Development Corporation, a nonprofit organization, is dedicated to an essential mission. This mission involves participating in the development and operation of housing that is affordable for individuals and families with low and moderate incomes, residing within Riverside and San Bernardino Counties in California. The primary objective of the corporation is to lessen the burden on the government, combat community deterioration, and eliminate neighborhood blight. By providing affordable housing units, the corporation aims to contribute positively to its community, ensuring that a diverse range of residents can live comfortably within their means. These housing units, managed and maintained as low-income housing, are made available to the community through the organization's Rental Apartments Program.
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Impact
October, 2024
Riverside Housing Development Corporation significantly impacts the communities of Riverside and San Bernardino counties by providing affordable housing options for low and moderate-income individuals and families. Through its rental apartments program, it manages and maintains a substantial number of housing units, ensuring that safe and affordable living spaces are accessible to those in need.
The organization plays a crucial role in lessening the burden on local government by addressing housing shortages, which helps stabilize neighborhoods and combat community deterioration. By actively working to eliminate neighborhood blight, Riverside Housing Development Corporation contributes to revitalizing communities, fostering a sense of pride, and enhancing the overall quality of life for residents. Its efforts support the development of a more inclusive community where everyone has the opportunity for a stable and secure home.
This information is meant to be a general summary of Riverside Housing Development 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 2023.
- Investment Income: $32,799
- Program Service Revenue: $3,477,742
- Gross Receipts: $4,066,421
Assets and Liabilities:
- Total Assets: $35,731,283
- Total Liabilities: $28,542,330
- Net Assets: $7,188,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTION 8 RENTAL PROP
Revenue
$2,980,307
MANAGEMENT FEES
Revenue
$497,435
Organization Details
Founding Year
1991
Phone
(951) 341-6517Principal Officer
Bruce Kulpa
Main Address
4250 BROCKTON AVE, RIVERSIDE, CA, 925013447
Website
www.rhdcca.orgNTEE Category
Code: L210 - Housing
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