Overview
What is 15th Avenue Housing Cooperative?
The 15th Avenue Housing Cooperative is a nonprofit organization situated in San Diego, California. Its primary objective is to elevate the economic, educational, and social standing of residents in San Diego County by constructing, rehabilitating, and providing affordable housing for low-income individuals. To achieve this, the cooperative offers its members limited equity cooperative housing and community facilities on a nonprofit basis, ensuring affordability. The cooperative operates a 16-unit apartment complex in Escondido, California, under a regulatory agreement with the City of Escondido.
Is 15th Avenue Housing Cooperative legitimate?
15th Avenue Housing Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. 15th Avenue Housing Cooperative 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: $40,457
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What is the mission statement of 15th Avenue Housing Cooperative?
The 15th Avenue Housing Cooperative's mission is centered around providing its members with affordable limited equity cooperative housing and community facilities on a nonprofit basis. The cooperative aims to maintain affordability through its operations. It owns and manages a 16-unit apartment complex, operating under a regulatory agreement with the City of Escondido, with the primary goal of providing affordable housing solutions.
Who is the CEO of 15th Avenue Housing Cooperative?
Patricia Arellano Garcia is the President of 15th Avenue Housing Cooperative.
What is the revenue of 15th Avenue Housing Cooperative?
15th Avenue Housing Cooperative's revenue in 2022 was $223,628.
Who are the executives of 15th Avenue Housing Cooperative and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for 15th Avenue Housing Cooperative?
15th Avenue Housing Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 15th Avenue Housing Cooperative
The 15th Avenue Housing Cooperative is dedicated to providing its members with affordable limited equity cooperative housing and community facilities on a nonprofit basis. Their purpose is to own and manage a 16-unit apartment complex, situated in Escondido, California, with the goal of maintaining affordability. This is achieved in part through a regulatory agreement with the City of Escondido.
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Impact
October, 2024
15th Avenue Housing Cooperative significantly enhances the quality of life for its members by providing affordable housing options in Escondido, California. By maintaining a 16-unit cooperative complex, it ensures that low-income residents have access to stable and secure living arrangements, which are crucial for their economic and social well-being.
The Cooperative focuses on raising the economic, educational, and social levels of residents in San Diego County, fostering a sense of community while promoting inclusivity and support among its members. The cooperative model not only provides housing but also allows residents to engage in the management and decision-making processes, empowering them and enhancing their sense of ownership.
By adhering to regulatory agreements with the City of Escondido, the 15th Avenue Housing Cooperative plays a critical role in maintaining long-term affordability and preventing displacement in a rapidly changing housing market. This commitment to affordability creates a foundation for residents to thrive, leading to improved educational opportunities and social cohesion within the community.
This information is meant to be a general summary of 15th Avenue Housing Cooperative. 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: $60
- Program Service Revenue: $223,568
- Gross Receipts: $223,628
Assets and Liabilities:
- Total Assets: $806,651
- Total Liabilities: $1,270,687
- Net Assets: -$464,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CARRYING CHARGES
Revenue
$222,563
OTHER PROJECT INCOME
Revenue
$1,005
Organization Details
Founding Year
1993
Phone
(619) 282-6647Principal Officer
Patricia Arellano Garcia
Main Address
3111 CAMINO DEL RIO NORTH STE 800 8, SAN DIEGO, CA, 92108
NTEE Category
Code: L20 - Housing
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