Overview
What is The Salvation Army Stockton Residence Inc?
The Salvation Army Stockton Residence Inc is a compassionate nonprofit organization located in Rancho Palos Verdes, California. With a focus on social welfare, it operates as an apartment complex, offering subsidized housing to low-income elderly and handicapped individuals. The organization, home to a modest team of four employees, is dedicated to providing a sanctuary and essential support for those in need, contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Salvation Army Stockton Residence Inc has achieved a high score of 92%, earning a Four-Star rating from Charity Navigator. This rating is significant as it reflects the organization's strong commitment to accountability and finance, with a score that is entirely based on their financial practices and governance. The organization has demonstrated exceptional transparency and responsibility in managing its resources.
One of the standout strengths of The Salvation Army Stockton Residence Inc is its governance structure, which consists of a fully independent board of directors. This aspect, along with their robust financial statements and policies—such as having a whistleblower policy and a conflict of interest policy—contributes to their high accountability score. Additionally, the organization effectively allocates a significant portion of its expenses (96.19%) directly to programs, indicating a strong focus on mission delivery.
While the rating showcases significant strengths, it is essential to consider that the score does not evaluate programmatic impact or effectiveness directly. Nevertheless, the financial health indicated by a low liabilities to assets ratio (4.09%) suggests a solid foundation for the organization to continue supporting its mission effectively. Overall, The Salvation Army Stockton Residence Inc demonstrates a commendable commitment to financial integrity and governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Stockton Residence Inc legitimate?
The Salvation Army Stockton Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Stockton Residence 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.
What is the mission statement of The Salvation Army Stockton Residence Inc?
The Salvation Army Stockton Residence 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 residential space that caters to this specific demographic, ensuring they have access to affordable housing. The organization's primary objective is to enhance the living conditions of these individuals, providing them with a secure and supportive environment. The Salvation Army Stockton Residence Inc also strives to promote equality and independence, enabling its residents to lead fulfilling lives.
Who is the CEO of The Salvation Army Stockton Residence Inc?
Doug Riley is the President of The Salvation Army Stockton Residence Inc.
What is the revenue of The Salvation Army Stockton Residence Inc?
The Salvation Army Stockton Residence Inc's revenue in 2021 was $699,462.
Who are the executives of The Salvation Army Stockton Residence Inc and what are their salaries?
Where can I find the form 990 for The Salvation Army Stockton Residence Inc?
The Salvation Army Stockton Residence Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Salvation Army Stockton Residence Inc
The Salvation Army Stockton Residence Inc is a dedicated non-profit organization that offers subsidized housing to low-income elderly or handicapped individuals. Their mission is centered around providing a supportive living environment for those who may be financially disadvantaged due to their age or disability. This non-profit apartment complex operates with the goal of offering a secure and comfortable home to its residents, ensuring they have access to essential resources and services they might not otherwise have. Through its subsidized housing program, The Salvation Army Stockton Residence Inc seeks to enhance the quality of life for its residents, enabling them to maintain their independence and dignity.
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Impact
July, 2024
The Salvation Army Stockton Residence Inc provides subsidized housing to low-income elderly or handicapped individuals in Rancho Palos Verdes, California. Through its nonprofit apartment complex, it offers a safe and affordable living environment for those in need. This organization's impact can be seen in the significant support it provides to vulnerable populations by ensuring they have access to stable housing, thereby improving their overall quality of life and well-being.
This information is meant to be a general summary of The Salvation Army Stockton Residence 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 2021.
- Investment Income: $306
- Program Service Revenue: $293,613
- Gross Receipts: $699,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$293,613
Organization Details
Founding Year
1995
Principal Officer
Doug Riley
Main Address
LEGAL DEPT 30840 HAWTHORNE BLVD, RANCHO PALOS VERDES, CA, 90275
NTEE Category
Code: L22Z - Housing
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