Overview
What is Decro Beta Corporation?
Decro Beta Corporation is a nonprofit organization based in Culver City, California. Its primary mission is to provide affordable, safe, and well-maintained housing and services for low-income families and seniors. The organization has a history of investing in affordable housing projects, most notably with a non-managing membership interest in Brandywood Holdings, LLC, which owns the Brandywood Apartments in Orlando, Florida, and a single-member LLC, Decro Beta Dunwoodie LLC, which owned the Dunwoodie Place Apartments until their sale in 2017. Currently, Decro Beta Corporation is involved in developing replacement apartment projects to continue serving its intended community.
Official website here: www.decro.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Decro Beta Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The overall score is derived entirely from its Accountability & Finance beacon, showcasing strong governance practices and operational efficiency. The organization boasts a perfect score in various categories such as having a majority of independent board members, with 10 out of 10 points awarded for its independent board composition.
Strengths of Decro Beta Corporation include a robust framework of policies, such as conflict of interest and whistleblower policies, both of which are essential for maintaining ethical standards. The organization has also demonstrated no material diversion of assets and an excellent liabilities-to-assets ratio of 0.00%, indicating strong financial health. Furthermore, the organization allocates 100% of its expenses towards its programs, illustrating a clear focus on fulfilling its mission.
While the rating reflects numerous strengths, it is essential for potential donors to consider ongoing performance and impact assessments beyond financial metrics. As a four-star rated nonprofit, Decro Beta Corporation positions itself well in terms of governance, but continuous monitoring of its program effectiveness will enhance its credibility in the long term. Overall, the rating underscores confidence in the organization's responsible management of resources and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Decro Beta Corporation legitimate?
Decro Beta Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Decro Beta 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.decro.org
What is the mission statement of Decro Beta Corporation?
Decro Beta Corporation is committed to providing affordable, safe, and well-maintained housing and services for low-income families and seniors. To achieve this, the corporation has invested in affordable housing projects, such as Brandywood Apartments and Dunwoodie Place Apartments, both located in Florida. These projects cater to low and very low-income individuals and families. The organization's mission extends beyond ownership, as it is also involved in developing replacement apartment projects, demonstrating a long-term commitment to its mission.
Official website here: www.decro.org
Who is the CEO of Decro Beta Corporation?
Ted Handel is the Chair of Decro Beta Corporation. The CEO's salary of Decro Beta Corporation is $0 and their total compensation is $241,990.
Official website here: www.decro.org
What is the revenue of Decro Beta Corporation?
Decro Beta Corporation's revenue in 2021 was $0.
Official website here: www.decro.org
Who are the executives of Decro Beta Corporation and what are their salaries?
Here are 12 key members and their salaries (Decro Beta Corporation's CEO's salary is $0 and their total compensation is $241,990):
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- Related: $235,690
- Other: $6,300
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- Related: $203,875
- Other: $0
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- Related: $123,900
- Other: $0
- Compensation: $0
- Related: $108,880
- Other: $0
Official website here: www.decro.org
Where can I find the form 990 for Decro Beta Corporation?
Decro Beta Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.decro.org
Learn more at the official website: www.decro.org
Mission Statement of Decro Beta Corporation
Decro Beta Corporation, a notable organization, is committed to providing affordable, safe, and well-maintained housing and services for low-income families and seniors. This mission is central to their operations and extends beyond just offering housing, as they strive to ensure that the living conditions are of high quality. The corporation has demonstrated this commitment through its involvement in various affordable housing projects. For instance, Decro Beta Corporation held a non-managing membership interest in Brandywood Holdings, LLC, which owns the Brandywood Apartments in Orlando, Florida, catering to low and very low-income individuals and families. Moreover, the organization also owned a single-member LLC, Decro Beta Dunwoodie LLC, which managed the Dunwoodie Place Apartments in Orlando, Florida, also designed for low and very low-income residents. Although the Dunwoodie Place Apartments were sold as of October 27, 2017, Decro Beta Corporation remains dedicated to its mission and is currently involved in developing replacement apartment projects.
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Impact
October, 2024
Decro Beta Corporation plays a significant role in addressing the housing needs of low-income families and seniors by providing affordable, safe, and well-maintained housing solutions. The corporation is instrumental in the operation of several housing projects, most notably the Brandywood Apartments and the Dunwoodie Place Apartments, both located in Orlando, Florida. These projects are specifically designed to serve individuals and families with low and very low incomes, ensuring they have access to quality living conditions.
Their commitment to affordable housing not only contributes to alleviating housing insecurity but also enhances community stability and promotes the well-being of residents. By focusing on maintaining and developing housing that meets the needs of underserved populations, Decro Beta Corporation actively works to improve the quality of life for these individuals, fostering a sense of belonging and security within their communities. Moreover, the organization's ongoing efforts to develop replacement apartment projects illustrate its proactive approach to addressing housing challenges and adapting to the evolving needs of low-income households.
This information is meant to be a general summary of Decro Beta 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1992
Phone
(424) 603-4586Principal Officer
Ted Handel
Main Address
3431 WESLEY STREET F, CULVER CITY, CA, 90232
Website
www.decro.orgNTEE Category
Code: L21 - Housing
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