Overview
What is The Salvation Army San Diego Residences Inc?
The Salvation Army San Diego Residences Inc is a compassionate nonprofit organization situated in Rancho Palos Verdes, California. Their primary mission is to provide subsidized housing for low-income elderly and handicapped individuals. As a nonprofit apartment complex, they offer a supportive living environment to those in need, enabling them to maintain a dignified and independent lifestyle. With a dedicated team of six employees, The Salvation Army San Diego Residences Inc plays a crucial role in the community, ensuring that vulnerable individuals have access to safe and affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Salvation Army San Diego Residences Inc has achieved a high score of 94%, which reflects its strong accountability and financial practices. This rating is based solely on the organization's performance in financial transparency, indicating that it meets rigorous standards for fiscal responsibility. The charity's governance is marked by a fully independent board, which is an important factor in maintaining integrity and trust.
One of the organization's notable strengths lies in its program expense ratio, which stands at an impressive 97.09%. This indicates that a significant portion of its resources is directed towards its programs, rather than administrative costs. Additionally, the charity has successfully implemented multiple policies, including those for conflicts of interest and whistleblowing, which further demonstrate a commitment to ethical practices.
While the data does not mention any significant weaknesses, the charity's low liabilities to assets ratio of 37.17% suggests that it manages its financial obligations effectively. Overall, the Salvation Army San Diego Residences Inc appears to be a reliable nonprofit with a solid track record in accountability and program efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army San Diego Residences Inc legitimate?
The Salvation Army San Diego Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army San Diego 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: $217,187
For more financial information, click here
What is the mission statement of The Salvation Army San Diego Residences Inc?
The Salvation Army San Diego Residences Inc is a non-profit organization that provides subsidized housing to low-income elderly or handicapped individuals. Their mission is centered around offering a living space with reduced financial burden for those who fall under the specified categories. This initiative aims to contribute positively to their residents' well-being by providing them with a decent place to live. The organization's activities are geared towards making life more comfortable and accessible for this group of individuals.
Who is the CEO of The Salvation Army San Diego Residences Inc?
Douglas Riley is the President of The Salvation Army San Diego Residences Inc.
What is the revenue of The Salvation Army San Diego Residences Inc?
The Salvation Army San Diego Residences Inc's revenue in 2022 was $1,150,146.
Who are the executives of The Salvation Army San Diego Residences Inc and what are their salaries?
The average compensation at The Salvation Army San Diego Residences Inc during 2022 was $36,198. There are 6 employees at The Salvation Army San Diego 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 San Diego Residences Inc?
The Salvation Army San Diego Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Salvation Army San Diego Residences Inc
The Salvation Army San Diego Residences Inc is a dedicated non-profit organization that offers subsidized housing to individuals who fall under the categories of low income elderly or handicapped persons. This mission is carried out through the operation of an apartment complex, which serves as a safe and affordable living space for those in need. The organization's primary goal is to provide a supportive environment where these vulnerable individuals can reside comfortably, ensuring their basic needs are met. By offering subsidized housing, The Salvation Army San Diego Residences Inc plays a significant role in promoting independence and dignity for its residents, enabling them to live with a sense of security and stability.
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Impact
October, 2024
The Salvation Army San Diego Residences Inc significantly impacts the community by offering subsidized housing tailored for low-income elderly and handicapped individuals. By providing safe and affordable living accommodations, it addresses a critical need for these vulnerable populations, fostering stability and a sense of belonging. This initiative enhances the quality of life for residents, allowing them to maintain independence while offering access to essential support services. Through its commitment to affordable housing, it plays a vital role in combating homelessness and housing insecurity in the Rancho Palos Verdes area, empowering individuals to lead dignified lives.
This information is meant to be a general summary of The Salvation Army San Diego 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: $2,689
- Program Service Revenue: $392,664
- Gross Receipts: $1,150,146
Assets and Liabilities:
- Total Assets: $6,969,061
- Total Liabilities: $2,514,808
- Net Assets: $4,454,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$392,664
Organization Details
Founding Year
1993
Principal Officer
Douglas Riley
Main Address
30840 HAWTHORNE BLVD, RANCHO PALOS VERDES, CA, 90275
NTEE Category
Code: L210 - Housing
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