Overview
What is The Salvation Army Broomfield Residences Inc?
The Salvation Army Broomfield Residences Inc is a compassionate nonprofit organization located in Rancho Palos Verdes, California, with a postal address of 30840 Hawthorne Blvd, CA 90275. Their primary mission is to offer subsidized housing to low-income elderly or handicapped individuals, catering to their unique needs. As a non-profit apartment complex, they aim to provide a welcoming and supportive environment for this vulnerable population. The organization is staffed by a small team of five dedicated individuals who work tirelessly to ensure the well-being and comfort of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Salvation Army Broomfield Residences Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. This high score reflects the organization’s commitment to transparency and effective management, with a particular focus on ensuring that a significant majority of its board members are independent.
The nonprofit excels in key areas such as financial audits and maintaining low liabilities relative to assets, which stands at an impressive 13.12%. Additionally, the organization allocates a substantial 96.56% of its expenses directly to its programs, demonstrating its dedication to maximizing the impact of donations and resources.
While the rating highlights many strengths, it is important to note that the score is derived solely from financial accountability metrics. Potential donors may want to consider the organization’s programmatic effectiveness in conjunction with these financial indicators to gain a more comprehensive view of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Broomfield Residences Inc legitimate?
The Salvation Army Broomfield Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Broomfield 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: $88,652
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What is the mission statement of The Salvation Army Broomfield Residences Inc?
The Salvation Army Broomfield Residences Inc is a non-profit organization that offers subsidized housing to low-income elderly or handicapped individuals. Their primary mission is to provide a supportive living environment for these vulnerable individuals, ensuring they have access to affordable housing. The organization's activities are centered around this mission, aiming to enhance the quality of life for those residing in their apartments. The Salvation Army Broomfield Residences Inc serves as a crucial resource for these individuals, offering them a secure and comfortable place to call home.
What is the revenue of The Salvation Army Broomfield Residences Inc?
The Salvation Army Broomfield Residences Inc's revenue in 2023 was $671,150.
Who are the executives of The Salvation Army Broomfield Residences Inc and what are their salaries?
The average compensation at The Salvation Army Broomfield Residences Inc during 2023 was $29,551. There are 3 employees at The Salvation Army Broomfield Residences Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $198,647
- Other: $29,417
- Compensation: $0
- Related: $198,647
- Other: $29,417
- Compensation: $0
- Related: $189,931
- Other: $32,694
- Compensation: $0
- Related: $189,931
- Other: $32,694
- Compensation: $0
- Related: $48,779
- Other: $46,038
- Compensation: $0
- Related: $45,889
- Other: $38,167
- Compensation: $0
- Related: $45,889
- Other: $38,167
- Compensation: $0
- Related: $43,440
- Other: $29,288
- Compensation: $0
- Related: $41,447
- Other: $29,288
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Salvation Army Broomfield Residences Inc?
The Salvation Army Broomfield Residences Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Salvation Army Broomfield Residences Inc
The Salvation Army Broomfield Residences 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 in need, ensuring they can maintain a dignified and independent lifestyle. By offering subsidized housing, this non-profit organization helps alleviate the financial burden often associated with housing, enabling these individuals to focus on other aspects of their well-being.
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Impact
July, 2024
The Salvation Army Broomfield Residences Inc provides subsidized housing to low-income elderly or handicapped individuals in Rancho Palos Verdes, CA. This enables these vulnerable members of the community to have a safe and affordable place to live, promoting their well-being and quality of life. By offering this support, The Salvation Army Broomfield Residences Inc positively impacts the lives of those in need by addressing a fundamental need for housing security.
This information is meant to be a general summary of The Salvation Army Broomfield 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 2023.
- Investment Income: $19,166
- Program Service Revenue: $368,434
- Gross Receipts: $671,150
Assets and Liabilities:
- Total Assets: $2,843,906
- Total Liabilities: $357,322
- Net Assets: $2,486,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$368,434
Organization Details
Founding Year
1996
Principal Officer
Douglas Riley
NTEE Category
Code: L20Z - Housing
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