Overview
What is Las Palmas Foundation?
Las Palmas Foundation is a California-based nonprofit corporation that is dedicated to enhancing and improving affordable housing for low and moderate income families and individuals. Established with this mission, the organization actively acquires, develops, rehabilitates, and supports affordable housing projects. As demonstrated through its involvement as a co-managing general partner in the Alegre Fund, Las Palmas Foundation operates and manages an affordable family complex in Irvine, California, consisting of 104 units. The foundation's work aims to increase and improve housing opportunities for those in need, contributing positively to their communities. The organization currently employs a team of 7 individuals.
Official website here: www.laspalmashousing .com
Is Las Palmas Foundation legitimate?
Las Palmas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Palmas Foundation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $674,914
Professional Fundraising Fees: $0
Other Salaries and Wages: $209,780
For more financial information, click here
What is the mission statement of Las Palmas Foundation?
The Las Palmas Foundation, as a non-profit corporation, is committed to acquiring, developing, rehabilitating, and supporting affordable housing. Established with the purpose of enhancing and improving housing opportunities for low and moderate-income families and individuals, the foundation's mission focuses on expanding and enhancing affordable housing solutions.
Official website here: www.laspalmashousing .com
Who is the CEO of Las Palmas Foundation?
Joseph M Michaels is the President of Las Palmas Foundation.
Official website here: www.laspalmashousing .com
What is the revenue of Las Palmas Foundation?
Las Palmas Foundation's revenue in 2022 was $1,967,411.
Official website here: www.laspalmashousing .com
Who are the executives of Las Palmas Foundation and what are their salaries?
The average compensation at Las Palmas Foundation during 2022 was $126,385. There are 7 employees at Las Palmas Foundation.
Here are 6 key members and their salaries:
- Joseph Michaels (President) [Trustee/Director]
- Leslie Michaels (Vice President)
- Ryan Monte (Vice President)
- Sherry Avery (Secretary) [Trustee/Director]
- Randy Stevenson (Director)
- Victor Barone (Director)
Official website here: www.laspalmashousing .com
Where can I find the form 990 for Las Palmas Foundation?
The Las Palmas Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.laspalmashousing .com
Learn more at the official website: www.laspalmashousing .com
Mission Statement of Las Palmas Foundation
Las Palmas Foundation, a California-based non-profit corporation, is committed to enhancing and improving affordable housing for low and moderate-income families and individuals. The organization's mission is twofold: it aims to acquire, develop, rehabilitate, and support affordable housing. By undertaking these activities, Las Palmas Foundation strives to increase and improve housing options for those who fall within its income bracket, contributing to their overall well-being.
Impact
This information is meant to be a general summary of Las Palmas Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Las Palmas Foundation, a California nonprofit corporation, is dedicated to acquiring, developing, rehabilitating, and supporting affordable housing. The organization was created to increase and improve housing for low and moderate-income families and individuals. One of its significant impacts is its role as a co-managing general partner in the Alegre Fund, which owns and operates a 104-unit affordable family complex in Irvine, California. Through its activities, Las Palmas Foundation directly contributes to addressing the housing needs of low and moderate-income individuals and families, providing them with safe and affordable housing options.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEES
Revenue
$901,027
PARTNERSHIP INCOME
Revenue
$251,125
ADMINISTRATIVE FEES
Revenue
$330,680
DEVELOPER FEES
Revenue
$444,000
Organization Details
Founding Year
1991
Phone
(760) 944-9050
Principal Officer
Joseph M Michaels
Main Address
531 ENCINITAS BLVD STE 206, ENCINITAS, CA, 92024
Website
www.laspalmashousing .com
NTEE Category
Code: Z99 - Unknown
If you are a representative of Las Palmas Foundation 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.