Overview
What is Linc - Redondo Beach Seniors Inc?
Linc - Redondo Beach Seniors Inc is a nonprofit organization located in Long Beach, California, specifically at 3590 Elm Avenue. Their primary mission is to alleviate the strain on government resources by providing affordable housing to those in need. To accomplish this, they own an apartment building, serving as a beacon of affordability across California. This initiative aims to contribute positively to the housing landscape, ensuring that a broader range of individuals can secure suitable living accommodations.
Official website here: www.linchousing.org
Is Linc - Redondo Beach Seniors Inc legitimate?
Linc - Redondo Beach Seniors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Linc - Redondo Beach Seniors 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: $197,898
For more financial information, click here
Official website here: www.linchousing.org
What is the mission statement of Linc - Redondo Beach Seniors Inc?
Linc-Redondo Beach Seniors Inc, as an organization, operates with a mission to alleviate the pressure on governments and provide affordable housing options for individuals in need, particularly in California. This is achieved through the ownership of an apartment building. The primary goal is to make housing more accessible and affordable for a wide range of people, thereby reducing the burden on governmental entities.
Official website here: www.linchousing.org
Who is the CEO of Linc - Redondo Beach Seniors Inc?
Terry Tornek is the Treasurer of Linc - Redondo Beach Seniors Inc. The CEO's salary of Linc - Redondo Beach Seniors Inc is $0 and their total compensation is $420,124.
Official website here: www.linchousing.org
What is the revenue of Linc - Redondo Beach Seniors Inc?
Linc - Redondo Beach Seniors Inc's revenue in 2022 was $2,552,170.
Official website here: www.linchousing.org
Who are the executives of Linc - Redondo Beach Seniors Inc and what are their salaries?
Here are 6 key members and their salaries (Linc - Redondo Beach Seniors Inc's CEO's salary is $0 and their total compensation is $420,124):
- Compensation: $0
- Related: $380,193
- Other: $39,931
- Compensation: $0
- Related: $206,747
- Other: $35,661
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.linchousing.org
Where can I find the form 990 for Linc - Redondo Beach Seniors Inc?
Linc - Redondo Beach Seniors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.linchousing.org
Learn more at the official website: www.linchousing.org
Mission Statement of Linc - Redondo Beach Seniors Inc
Linc - Redondo Beach Seniors Inc, as a nonprofit organization, is committed to alleviating the burden on governments and providing affordable housing solutions throughout California. To accomplish this mission, Linc-Redondo Beach Seniors Inc owns an apartment building, serving as a beacon of hope for individuals in need. The organization's primary objective is to offer low-income housing options to those who may not be able to afford housing otherwise, thereby contributing to a more equitable society. By owning and managing the apartment building, Linc - Redondo Beach Seniors Inc plays a crucial role in providing affordable housing solutions, thereby lessening the strain on local governments and ensuring that everyone has access to a decent place to live.
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Impact
October, 2024
Linc - Redondo Beach Seniors Inc significantly impacts the community by providing low-income affordable housing options to needy individuals, particularly seniors. By owning and operating an apartment building, the organization alleviates the housing burden faced by those who may struggle to afford rent in California. This initiative not only enhances the quality of life for residents by promoting stable living conditions but also contributes to the overall well-being of the community. By ensuring access to affordable housing, Linc - Redondo Beach Seniors Inc plays a crucial role in addressing housing challenges and improving the lives of vulnerable populations in the Long Beach area.
This information is meant to be a general summary of Linc - Redondo Beach Seniors 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: $84
- Program Service Revenue: $2,552,086
- Gross Receipts: $2,552,170
Assets and Liabilities:
- Total Assets: $14,634,878
- Total Liabilities: $11,224,500
- Net Assets: $3,410,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY REVENUE
Revenue
$9,388
MISCELLANEOUS REVENUE
Revenue
$6,896
RENTAL INCOME
Revenue
$2,535,802
Organization Details
Founding Year
1995
Phone
(562) 684-1100Principal Officer
Terry Tornek
Main Address
3590 ELM AVENUE, LONG BEACH, CA, 90807
Website
www.linchousing.orgNTEE Category
Code: L20Z - Housing
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