Overview
What is Walnut-Pixley Inc?
Walnut-Pixley Inc is a mission-driven organization headquartered in Orange, California. Its primary purpose is to expand housing opportunities for low-income families and seniors. They achieve this by participating in Section 42 Limited Partnerships, which are eligible for the Low-Income Housing Tax Credit Programs. Their role in these partnerships often involves being the nonprofit general partner, contributing a minimal percentage of ownership, and sometimes providing insignificant up-front capital contributions. The organization's activities encompass the acquisition, development, and operation of low-income housing, as well as involvement in real estate partnerships. Established with the goal of increasing affordable housing options, Walnut-Pixley Inc continues its mission to provide long-term, cost-effective housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Walnut-Pixley Inc has received an 80% score from Charity Navigator, indicating a solid performance in accountability and finance. The rating is derived solely from a comprehensive evaluation of the organization’s financial practices, highlighting a commitment to responsible fiscal management.
The nonprofit demonstrates strong governance, featuring a fully independent board of directors with five members. This is complemented by a robust conflict of interest policy and transparent documentation of board meeting minutes, indicating a high level of accountability.
Financially, Walnut-Pixley Inc shows impressive metrics, with a perfect program expense ratio of 100%, meaning all expenses are directed towards their programs. Additionally, the organization reports no liabilities, reflecting sound financial health. However, while the score is commendable, it is important to consider that this score is based exclusively on financial accountability without insights into programmatic effectiveness or impact.
This AI summary has been generated from information found on Charity Navigator.
Is Walnut-Pixley Inc legitimate?
Walnut-Pixley Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walnut-Pixley 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Walnut-Pixley Inc?
Walnut-Pixley Inc was established with the mission to expand housing opportunities for low-income households. The organization engages in mission-based investing, specifically participating in real estate partnerships as the nonprofit general partner. This involvement is primarily through Section 42 Limited Partnerships, which qualify under the Low-Income Housing Tax Credit Programs. The organization's role as the nonprofit partner often accounts for a minimal percentage, typically 1% or less, in these housing partnerships. Furthermore, the up-front capital contributions required for many projects can be negligible or non-existent. This participation in housing partnerships serves as an extension of Walnut-Pixley Inc's mission to provide long-term affordable housing for low-income families and seniors.
Who is the CEO of Walnut-Pixley Inc?
Eunice Bobert is the Director of Walnut-Pixley Inc.
What is the revenue of Walnut-Pixley Inc?
Walnut-Pixley Inc's revenue in 2023 was $33,097.
Who are the executives of Walnut-Pixley Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Walnut-Pixley Inc?
Walnut-Pixley Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Walnut-Pixley Inc
Walnut-Pixley Inc, a nonprofit organization, was established with a mission to expand housing opportunities for low-income households. This mission is carried out through the acquisition, development, and operation of low-income housing. The organization participates in real estate partnerships, often serving as the nonprofit general partner in Section 42 Limited Partnerships. These partnerships are a part of the Low-Income Housing Tax Credit Programs. Walnut-Pixley Inc's involvement in such partnerships allows it to contribute to the provision of long-term affordable housing, even if its ownership percentage is as little as 1%. For many projects, the up-front capital contributions required of the nonprofit are not significant. This mission-based investing is an extension of Walnut-Pixley Inc's commitment to providing affordable housing for low-income families and seniors.
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Impact
August, 2024
Walnut-Pixley Inc's impact lies in its dedication to expanding housing opportunities for low-income households. By engaging in the acquisition, development, and operation of low-income housing, including participation in real estate partnerships as the general partner, Walnut-Pixley Inc plays a crucial role in fostering long-term affordable housing for low-income families and seniors. Through its participation in Section 42 limited partnerships qualifying under low-income housing tax credit programs, Walnut-Pixley Inc contributes to the availability of housing options for those in need. Its mission-based investing approach ensures that vulnerable populations have access to safe and stable housing, making a meaningful difference in the lives of many individuals and communities.
This information is meant to be a general summary of Walnut-Pixley 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 2023.
- Investment Income: $4,415
- Gross Receipts: $33,097
Assets and Liabilities:
- Total Assets: $1,484,383
- Total Liabilities: $0
- Net Assets: $1,484,383
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Organization Details
Founding Year
1992
Phone
(714) 771-1439Principal Officer
Eunice Bobert
Main Address
414 E CHAPMAN AVENUE, ORANGE, CA, 928661510
NTEE Category
Code: Z99Z - Unknown
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