Overview
What is Long Beach Affordable Housing Coalition Inc?
Long Beach Affordable Housing Coalition Inc is a nonprofit organization committed to improving living conditions for families with low to moderate incomes. Based in the Los Angeles Revitalization Zones, they utilize federal, state, and local programs to deliver affordable housing solutions and neighborhood revitalization projects. Their primary objective is to provide low-income housing, contributing positively to the community's development. The organization's mission encompasses offering affordable housing options and fostering neighborhood improvement, thereby promoting a prosperous living environment for the underserved population.
Official website here: www.lbahc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Long Beach Affordable Housing Coalition Inc has received a two-star rating from Charity Navigator, indicating a need for improvement with an overall score of 66%. The organization demonstrates strong accountability measures, with a fully independent board and comprehensive policies in place regarding conflicts of interest, whistleblower protection, and document retention. Additionally, the program expense ratio is notably high at 89.40%, showcasing a strong focus on programmatic spending.
However, the organization faces challenges with its financial health, reflected in a liabilities to assets ratio of 73.65%, which raises concerns about fiscal sustainability. While the coalition exhibits commendable governance practices, the financial ratios suggest potential risks in long-term viability. Stakeholders may want to keep an eye on these aspects as they evaluate the organization's effectiveness in providing affordable housing solutions in Long Beach.
This AI summary has been generated from information found on Charity Navigator.
Is Long Beach Affordable Housing Coalition Inc legitimate?
Long Beach Affordable Housing Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Long Beach Affordable Housing Coalition 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: $58,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,654
For more financial information, click here
Official website here: www.lbahc.org
What is the mission statement of Long Beach Affordable Housing Coalition Inc?
The Long Beach Affordable Housing Coalition Inc is dedicated to providing affordable housing and neighborhood revitalization services for families with low to moderate incomes, within the framework of federal, state, and local programs in the Los Angeles Revitalization Zones. Their mission is primarily centered around the provision of affordable housing, with a focus on revitalizing communities. The organization works to enhance living conditions and opportunities for these income groups, contributing to a more equitable housing landscape.
Official website here: www.lbahc.org
Who is the CEO of Long Beach Affordable Housing Coalition Inc?
David Braunstein is the Executive Dir. of Long Beach Affordable Housing Coalition Inc.
Official website here: www.lbahc.org
What is the revenue of Long Beach Affordable Housing Coalition Inc?
Long Beach Affordable Housing Coalition Inc's revenue in 2022 was $2,746,153.
Official website here: www.lbahc.org
Who are the executives of Long Beach Affordable Housing Coalition Inc and what are their salaries?
The average compensation at Long Beach Affordable Housing Coalition Inc during 2022 was $66,133. There are 3 employees at Long Beach Affordable Housing Coalition Inc.
Here are 9 key members and their salaries:
- Compensation: $58,746
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- Other: $0
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- Other: $0
Official website here: www.lbahc.org
Where can I find the form 990 for Long Beach Affordable Housing Coalition Inc?
Long Beach Affordable Housing Coalition Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lbahc.org
Learn more at the official website: www.lbahc.org
Mission Statement of Long Beach Affordable Housing Coalition Inc
The Long Beach Affordable Housing Coalition Inc is committed to providing affordable housing and fostering neighborhood revitalization activities for families with low to moderate income levels, in alignment with federal, state, and local programs within the Los Angeles Revitalization Zones. This nonprofit organization's mission centers around the provision of affordable housing, aiming to make it more accessible for families who fall under the very-low income bracket. The Coalition's efforts in this regard contribute to the overall revitalization of communities, thereby improving the living conditions of its residents.
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Impact
October, 2024
Long Beach Affordable Housing Coalition Inc significantly impacts very-low and moderate-income families by providing essential affordable housing options and promoting neighborhood revitalization in the Los Angeles Revitalization Zones. Through various federal, state, and local programs, the organization addresses the critical need for low-income housing, helping families secure stable living environments. This support not only enhances the quality of life for residents but also fosters community development, contributing to the overall revitalization of neighborhoods in Long Beach, CA. By focusing on housing solutions, the Coalition plays a vital role in alleviating housing insecurity and promoting economic stability for families in the region.
This information is meant to be a general summary of Long Beach Affordable Housing Coalition 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: $25,482
- Program Service Revenue: $2,722,485
- Gross Receipts: $2,746,153
Assets and Liabilities:
- Total Assets: $8,936,139
- Total Liabilities: $6,581,528
- Net Assets: $2,354,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Asset management fees
Distribution income
Revenue
$227,018
Laundry and vending
Revenue
$22,546
Low income rents
Revenue
$2,368,232
Property management fees
Revenue
$104,689
Organization Details
Founding Year
1993
Phone
(562) 275-8664Principal Officer
David Braunstein
Main Address
3711 Long Beach Boulevard 5023, Long Beach, CA, 90807
Website
www.lbahc.orgNTEE Category
Code: L21 - Housing
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