Overview
What is Decro Chi Corporation?
Decro Chi Corporation is a nonprofit organization situated in Culver City, California, with a specific focus on providing affordable housing and services to low-income families and seniors. The organization previously held a general partnership interest in Decro Nordhoff, L.P., a California limited partnership that owned an affordable housing project, Casa de Familiar de Nordhoff, located in North Hills, California. This project catered to low and very low-income families. As of December 31, 2021, Decro Chi Corporation no longer holds a partnership interest in Decro Nordhoff, L.P. Nonetheless, the corporation's primary mission remains committed to providing affordable, safe, and well-maintained housing and services for its target demographic.
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 Chi Corporation has achieved an impressive score of 100%, reflecting its strong commitment to accountability and financial transparency. The organization demonstrates effective governance with a fully independent board, consisting of eight members, and has policies in place for conflict of interest, whistleblowing, and document retention. Its financial metrics show no liabilities, indicating a solid financial standing.
The charity has a 100% program expense ratio, meaning all its expenses are directed towards its programs, showcasing its efficiency in fund utilization. Additionally, it maintains transparency through listing required documents on its website, including board meeting minutes and its tax form. These practices enhance its credibility and trustworthiness among stakeholders.
Despite the positive aspects, there are no noted limitations or areas for improvement in the provided data. Overall, Decro Chi Corporation stands out as a well-managed nonprofit, excelling in both financial responsibility and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Decro Chi Corporation legitimate?
Decro Chi Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Decro Chi 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 Chi Corporation?
Decro Chi Corporation is committed to providing affordable, safe, and well-maintained housing and services for low-income families and seniors. Their mission is to make a positive impact on the lives of these individuals by ensuring they have access to suitable living conditions. In the past, Decro Chi Corporation had a partnership interest in Decro Nordhoff, L.P., which owned an affordable housing project for low and very low-income families in North Hills, California. However, as of December 31, 2021, the organization no longer holds a partnership interest in Decro Nordhoff, L.P. Despite this, Decro Chi Corporation's dedication to its original mission remains unwavering.
Official website here: www.decro.org
Who is the CEO of Decro Chi Corporation?
Ted Handel is the Chair of Decro Chi Corporation. The CEO's salary of Decro Chi Corporation is $0 and their total compensation is $241,990.
Official website here: www.decro.org
What is the revenue of Decro Chi Corporation?
Decro Chi Corporation's revenue in 2021 was $109,443.
Official website here: www.decro.org
Who are the executives of Decro Chi Corporation and what are their salaries?
Here are 12 key members and their salaries (Decro Chi Corporation's CEO's salary is $0 and their total compensation is $241,990):
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- Other: $0
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- Other: $0
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- Related: $235,690
- Other: $6,300
- Compensation: $0
- Related: $203,875
- Other: $0
- Compensation: $0
- 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 Chi Corporation?
Decro Chi 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 Chi Corporation
Decro Chi Corporation, a nonprofit organization, is committed to providing affordable, safe, and well-maintained housing and services for low-income families and seniors. The corporation's mission is centered around ensuring that individuals who are financially disadvantaged have access to decent living conditions. Decro Chi Corporation's efforts extend beyond just housing, as it also aims to provide necessary services to enhance the quality of life for its residents.
Decro Chi Corporation's work is exemplified in its investment in Decro Nordhoff, L.P., a California limited partnership. Decro Nordhoff, L.P., owns a 38-unit affordable housing project for low and very low-income families, known as Casa de Familiar de Nordhoff, located in North Hills, California. This project serves as a testament to Decro Chi Corporation's dedication to providing affordable housing solutions for those in need. However, as of December 31, 2021, Decro Chi Corporation no longer holds a partnership interest in Decro Nordhoff, L.P. Despite this change, the organization's commitment to its mission remains unwavering.
In summary, Decro Chi Corporation is a nonprofit organization that strives to provide affordable, safe, and well-maintained housing and services for low-income families and seniors. Through its investment in Decro Nordhoff, L.P., the organization demonstrated its commitment to this mission by providing affordable housing to low and very low-income families. Although Decro Chi Corporation is no longer a partner in Decro Nordhoff, L.P., its mission continues to guide its work in the community, ensuring that those in need have access to essential housing and services.
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Impact
October, 2024
Decro Chi Corporation plays a significant role in addressing housing needs for low-income families and seniors. By focusing on the provision of affordable, safe, and well-maintained housing, the organization has contributed to the community's overall well-being and stability. Previously involved with Decro Nordhoff, L.P., which owns a 38-unit affordable housing project known as Casa de Familiar de Nordhoff in North Hills, California, the organization actively supported the creation of accessible living options for very low-income families.
Even though Decro Chi Corporation no longer holds a partnership interest in that project, its mission underscores the importance of housing as a foundational element for a healthy community. The commitment to ensuring that marginalized groups have access to dignified living conditions reflects a proactive approach to addressing social inequalities and enhancing quality of life for those in need. Decro Chi Corporation’s impact can be seen in the improved housing conditions and the positive ripple effects on the families and seniors it aims to serve, fostering a sense of security and community resilience.
This information is meant to be a general summary of Decro Chi 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.
- Investment Income: $109,443
- Gross Receipts: $109,443
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: L22 - Housing
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