Overview
What is Southern California Housing Development Corporation Of Rancho Cucamonga?
The Southern California Housing Development Corporation of Rancho Cucamonga is a nonprofit organization based in Rancho Cucamonga, California. Their primary mission is to enhance the living conditions of low-income families by revitalizing neighborhoods through the acquisition, renovation, and management of three affordable housing developments. The corporation is committed to providing affordable rental housing, empowering residents, and ultimately helping them work towards self-sufficiency and home ownership. Their activities include award-winning housing and best-practice social service programs tailored to families in need. The corporation's address is at 9692 Haven Avenue, Suite 100, Rancho Cucamonga, CA 91370.
Official website here: www.nationalcore.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Southern California Housing Development Corporation has received a strong score of 85%, reflecting a Three-Star rating based primarily on its accountability and finance practices. This high rating indicates that the organization is effectively managing its resources and maintaining a transparent operational structure, which is vital for donor trust and support.
One of the organization's notable strengths is its governance, with 100% of its board members being independent, ensuring that there is no conflict of interest in decision-making. Furthermore, the organization has implemented robust policies, including a conflict of interest policy, whistleblower protection, and clear document management practices, contributing to its solid accountability score.
However, while the program expense ratio stands at 61.25%, indicating a significant portion of expenses is dedicated to program services, it falls short of the ideal range for higher marks in this area. This suggests there may be room for improvement in optimizing program expenditures relative to overall spending. Overall, the organization demonstrates strong financial stewardship and commitment to its mission, but with potential for enhanced program efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Southern California Housing Development Corporation Of Rancho Cucamonga legitimate?
Southern California Housing Development Corporation Of Rancho Cucamonga is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern California Housing Development Corporation Of Rancho Cucamonga 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: $1,393,028
For more financial information, click here
Official website here: www.nationalcore.org
What is the mission statement of Southern California Housing Development Corporation Of Rancho Cucamonga?
The Southern California Housing Development Corporation of Rancho Cucamonga is dedicated to providing affordable rental housing and implementing effective social service programs to empower low-income families. Their mission is to help families move towards self-sufficiency and eventually home ownership. Through award-winning housing developments, the corporation enhances the quality of life for low-income families by stabilizing and revitalizing neighborhoods. By acquiring, renovating, and managing affordable housing projects in Rancho Cucamonga, California, they strive to make a positive impact on the community.
Official website here: www.nationalcore.org
Who is the CEO of Southern California Housing Development Corporation Of Rancho Cucamonga?
Michael Finn is the Board Member of Southern California Housing Development Corporation Of Rancho Cucamonga. The CEO's salary of Southern California Housing Development Corporation Of Rancho Cucamonga is $0 and their total compensation is $565,074.
Official website here: www.nationalcore.org
What is the revenue of Southern California Housing Development Corporation Of Rancho Cucamonga?
Southern California Housing Development Corporation Of Rancho Cucamonga's revenue in 2022 was $13,407,588.
Official website here: www.nationalcore.org
Who are the executives of Southern California Housing Development Corporation Of Rancho Cucamonga and what are their salaries?
Here are 18 key members and their salaries (Southern California Housing Development Corporation Of Rancho Cucamonga's CEO's salary is $0 and their total compensation is $565,074):
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- Related: $538,074
- Other: $27,000
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- Related: $195,399
- Other: $22,427
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- Related: $110,988
- Other: $0
Official website here: www.nationalcore.org
Where can I find the form 990 for Southern California Housing Development Corporation Of Rancho Cucamonga?
Southern California Housing Development Corporation Of Rancho Cucamonga's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalcore.org
Learn more at the official website: www.nationalcore.org
Mission Statement of Southern California Housing Development Corporation Of Rancho Cucamonga
The Southern California Housing Development Corporation of Rancho Cucamonga, a renowned nonprofit organization, is dedicated to providing affordable rental housing that empowers low-income residents and transforms communities. Behind this mission lies a deep-rooted commitment to offering award-winning housing accompanied by best-practice social service programs, designed to help families progress towards self-sufficiency and eventually home ownership.
Through the acquisition, renovation, and management of three affordable housing developments in Rancho Cucamonga, California, this nonprofit significantly improves the quality of life for low-income families. The organization's efforts go beyond merely providing shelter, as it strives to stabilize and revitalize neighborhoods. By tailoring its social service programs to meet the unique needs of its residents, the Southern California Housing Development Corporation of Rancho Cucamonga aims to be more than just a landlord – it aspires to be a catalyst for positive change.
In a proactive approach towards empowering families, the nonprofit offers a range of support services aimed at promoting self-sufficiency. These services include employment training, financial literacy programs, and access to education and healthcare resources. Through these initiatives, the organization not only helps its residents address their immediate needs but also lays the foundation for long-term success.
In essence, the Southern California Housing Development Corporation of Rancho Cucamonga is more than just an affordable housing provider; it is a beacon of hope and opportunity for low-income families. Its mission – to provide housing paired with social service programs – is a testament to its unwavering commitment to making a difference in the lives of those it serves.
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Impact
October, 2024
Southern California Housing Development Corporation of Rancho Cucamonga significantly impacts the community by providing affordable rental housing that empowers low-income residents, thereby transforming neighborhoods. By acquiring, renovating, and managing three affordable housing developments in Rancho Cucamonga, it actively works to improve the quality of life for low-income families.
The corporation’s approach stabilizes neighborhoods through enhanced living conditions, which not only benefits the families residing in these homes but also contributes to the overall revitalization of the community. By offering award-winning housing alongside targeted social service programs, it supports families in their journey toward self-sufficiency and ultimately homeownership. This dual focus on housing and personal development fosters a more sustainable and equitable community, helping to break the cycle of poverty for many residents.
This information is meant to be a general summary of Southern California Housing Development Corporation Of Rancho Cucamonga. 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: $27,566
- Program Service Revenue: $11,999,035
- Gross Receipts: $13,407,588
Assets and Liabilities:
- Total Assets: $45,481,461
- Total Liabilities: $5,117,966
- Net Assets: $40,363,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$11,999,035
Organization Details
Founding Year
1996
Phone
(909) 483-2444Principal Officer
Michael Finn
Main Address
9692 HAVEN AVENUE STE 100, RANCHO CUCAMONGA, CA, 91370
Website
www.nationalcore.orgNTEE Category
Code: L210 - Housing
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