nonprofit logo

Sierra Gardens Housing Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330644843 ✦ San diego, CA ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Sierra Gardens Housing Foundation?

Sierra Gardens Housing Foundation is a California-based nonprofit organization, specifically a Public Benefit Corporation, dedicated to providing and managing affordable housing. Situated in San Diego, California, the foundation operates 190 rental units, catering to low-income and moderate-income families. Established with the mission of acquiring property in Riverside, California, the foundation operates an apartment complex to address the housing needs of its target demographic. The foundation employs a team of seven individuals to ensure the successful operation of its housing project.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86% (Three-Star out of Four Stars)

Sierra Gardens Housing Foundation has received an 86% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score is derived entirely from the Accountability & Finance beacon, signifying that the organization demonstrates strong financial health and governance practices, which are crucial for donors seeking transparency and reliability in nonprofit management.

The foundation boasts a fully independent board, with all eight members meeting the criteria for independence. It also excels in financial oversight, having no material diversion of assets and maintaining a low liabilities-to-assets ratio. Additionally, the organization actively documents board meeting minutes and has a clear conflict of interest policy, which contributes to its high score in governance and accountability.

While the foundation's program expense ratio stands at 72.64%, indicating a significant portion of its budget is allocated to programs rather than administrative costs, there are no noted limitations in the provided data. Overall, Sierra Gardens Housing Foundation appears to be a well-managed organization with strong financial practices and governance structures in place.


This AI summary has been generated from information found on Charity Navigator.

Is Sierra Gardens Housing Foundation legitimate?

Sierra Gardens Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sierra Gardens Housing Foundation 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: $354,861

For more financial information, click here

What is the mission statement of Sierra Gardens Housing Foundation?

The Sierra Gardens Housing Foundation, established as a California Nonprofit Public Benefit Corporation, is dedicated to providing and managing 190 rental housing units. Its primary mission is to cater to the needs of low-income and moderate-income families, offering them a suitable housing solution. The organization aims to contribute positively to the community by offering affordable housing options.

Who is the CEO of Sierra Gardens Housing Foundation?

Robert Mcelroy is the Chairman of Sierra Gardens Housing Foundation.

What is the revenue of Sierra Gardens Housing Foundation?

Sierra Gardens Housing Foundation's revenue in 2022 was $2,269,239.

Who are the executives of Sierra Gardens Housing Foundation and what are their salaries?

The average compensation at Sierra Gardens Housing Foundation during 2022 was $50,694. There are 7 employees and 6 volunteers at Sierra Gardens Housing Foundation.


Here are 6 key members and their salaries:


Robert Mcelroy (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Lehman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pauline Flint (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Randolph (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Armstrong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sierra Gardens Housing Foundation?

Sierra Gardens Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sierra Gardens Housing Foundation

Sierra Gardens Housing Foundation, as a nonprofit public benefit corporation, was established with a mission to acquire an interest in real estate and manage an apartment complex. Specifically, the foundation aims to provide and operate 190 rental housing units for low-income and moderate-income families. This mission is centered around making housing accessible for families who may not have these opportunities otherwise, contributing to the overall well-being and stability of these families. By managing these units, Sierra Gardens Housing Foundation is actively working towards improving living conditions and providing a sense of security for these families.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Sierra Gardens Housing Foundation directly impacts the community by providing and operating 190 rental housing units specifically designed for low and moderate-income families in Riverside, California. This initiative addresses the critical need for affordable housing, offering stability and support to families who may otherwise struggle to find suitable living arrangements. By maintaining a focus on accessibility, the Foundation creates opportunities for individuals to reside in a safe and supportive environment, fostering a sense of community and improving overall quality of life for its residents. Through its efforts, Sierra Gardens Housing Foundation plays a vital role in enhancing housing security and promoting economic diversity within the region.




This information is meant to be a general summary of Sierra Gardens Housing Foundation. 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.

Revenue
$2,269,239 (2022)
Expenses
$2,082,447 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $172
  • Program Service Revenue: $2,269,067
  • Gross Receipts: $2,269,239

Assets and Liabilities:

  • Total Assets: $5,689,434
  • Total Liabilities: $813,059
  • Net Assets: $4,876,375

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LAUNDRY AND VENDING

Revenue

$7,611

LOW INCOME HOUSING RENT

Revenue

$2,241,449

MISCELLANEOUS REVENUE

Revenue

$10,576

TENANT CHARGES

Revenue

$9,431

Organization Details

Founding Year

1995

Principal Officer

Robert Mcelroy

Main Address

17150 VIA DEL CAMPO 307, SAN DIEGO, CA, 92127

NTEE Category

Code: L200 - Housing

If you are a representative of Sierra Gardens Housing Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.