Overview
What is The Salvation Army Hollywood Residences Inc?
The Salvation Army Hollywood Residences Inc is a nonprofit organization situated in Rancho Palos Verdes, California. Specifically, it operates as an apartment complex that offers subsidized housing to low-income elderly or handicapped individuals. This charity's main mission revolves around providing a much-needed living space for those who may face financial challenges or have physical disabilities. The nonprofit employs a team of five dedicated individuals, working tirelessly to uphold and maintain its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Salvation Army Hollywood Residences Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94% overall, indicating a high level of transparency and effective financial management in its operations for the most recent fiscal year, FY2023.
Key strengths include a fully independent board and a robust financial oversight structure, with perfect scores in areas such as financial statements audit and the absence of material diversion of assets. The organization also demonstrates comprehensive policies for conflict of interest and whistleblower protection, further enhancing its accountability to donors and stakeholders.
Despite the high scores, the summary does not highlight any significant limitations or areas for improvement, suggesting a solid operational framework. This strong rating illustrates the organization's commitment to financial health and responsible management, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Hollywood Residences Inc legitimate?
The Salvation Army Hollywood Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Hollywood Residences 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $212,046
For more financial information, click here
What is the mission statement of The Salvation Army Hollywood Residences Inc?
The Salvation Army Hollywood Residences Inc, as a non-profit organization, is dedicated to providing subsidized housing for low-income elderly or handicapped individuals. Its mission is centered around offering a residence where these individuals can live with dignity and independence. The organization aims to foster a supportive environment, ensuring that each resident has access to essential amenities and services, thereby contributing to their overall well-being. The Salvation Army Hollywood Residences Inc also strives to promote a sense of community among its residents, fostering social connections and enhancing their quality of life.
Who is the CEO of The Salvation Army Hollywood Residences Inc?
Douglas Riley is the President of The Salvation Army Hollywood Residences Inc.
What is the revenue of The Salvation Army Hollywood Residences Inc?
The Salvation Army Hollywood Residences Inc's revenue in 2022 was $837,088.
Who are the executives of The Salvation Army Hollywood Residences Inc and what are their salaries?
The average compensation at The Salvation Army Hollywood Residences Inc during 2022 was $42,409. There are 5 employees at The Salvation Army Hollywood Residences Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $50,544
- Other: $31,109
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $28,990
- Other: $25,787
- Compensation: $0
- Related: $27,234
- Other: $25,787
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Salvation Army Hollywood Residences Inc?
The Salvation Army Hollywood Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Salvation Army Hollywood Residences Inc
The Salvation Army Hollywood Residences Inc is a dedicated non-profit organization that offers subsidized housing to low-income elderly or handicapped individuals. Its mission is to provide a comfortable living space for those who may face financial challenges, ensuring they can maintain their independence and dignity. By offering subsidized housing, this non-profit organization plays a significant role in supporting vulnerable members of society, allowing them to focus on their well-being and quality of life.
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Impact
October, 2024
The Salvation Army Hollywood Residences Inc plays a crucial role in addressing housing insecurity among vulnerable populations, specifically low-income elderly and handicapped individuals. By offering subsidized housing, it alleviates financial burdens, allowing residents to afford safe and stable living conditions. This support not only enhances their quality of life but also fosters a sense of community and belonging.
The presence of such affordable housing resources significantly contributes to the overall wellbeing of the city, enabling older adults and individuals with disabilities to maintain their independence and dignity. Furthermore, by focusing on this demographic, The Salvation Army Hollywood Residences Inc helps mitigate issues related to homelessness and social isolation, ultimately creating a more inclusive and supportive environment in Rancho Palos Verdes, CA.
This information is meant to be a general summary of The Salvation Army Hollywood Residences 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 2022.
- Investment Income: $3,109
- Program Service Revenue: $364,681
- Gross Receipts: $837,088
Assets and Liabilities:
- Total Assets: $7,164,258
- Total Liabilities: $3,333,345
- Net Assets: $3,830,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$364,681
Organization Details
Founding Year
1992
Principal Officer
Douglas Riley
Main Address
30840 HAWTHORNE BLVD, RANCHO PALOS VERDES, CA, 90275
NTEE Category
Code: Z99Z - Unknown
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