Overview
What is The Friendly Village Mobilehome Park Corp?
The Friendly Village Mobilehome Park Corp is a nonprofit organization situated in Santa Ana, California, specifically at P O Box 11927. Established on a 9.75-acre site in the city of San Bernardino, California, it provides 84 mobile home spaces, facilities such as a swimming pool, clubhouse, car wash area, and a laundry room. The park primarily houses double-wide mobile homes equipped with attached carports and concrete driveways. The organization's primary mission is to support the former redevelopment agency of the city of San Bernardino by assuming ownership and operation of the Friendly Village Mobile Home Park. This initiative aims to increase the availability of low and moderate income housing within the city, thereby alleviating some governmental burdens. The organization generates revenue through charges for space rent and utilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Friendly Village Mobilehome Park Corp has received a rating of 79%, which translates to a Three-Star rating, primarily based on its Accountability & Finance metrics. This score indicates a solid commitment to transparency and financial responsibility. The organization excels in areas such as having a fully independent board and strong financial oversight, which are critical for maintaining donor trust and effective governance.
Strengths of the organization include a high program expense ratio of 93.99%, meaning that a significant majority of its funds are directed towards its mission-related activities rather than administrative costs. The organization also adheres to best practices in governance with established policies for conflict of interest, whistleblower protection, and document retention, reflecting a robust operational framework.
However, the organization faces challenges, particularly highlighted by its liabilities to assets ratio of 116.89%, which signifies that its liabilities exceed its assets. This could be a concern for potential donors as it may indicate financial instability or risk. Overall, while The Friendly Village Mobilehome Park Corp demonstrates strong accountability practices, potential contributors should consider its financial health when making decisions.
This AI summary has been generated from information found on Charity Navigator.
Is The Friendly Village Mobilehome Park Corp legitimate?
The Friendly Village Mobilehome Park Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friendly Village Mobilehome Park Corp 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: $9,546
For more financial information, click here
What is the mission statement of The Friendly Village Mobilehome Park Corp?
The Friendly Village Mobilehome Park Corp was established with the purpose of alleviating governmental burdens by offering assistance to the former redevelopment agency of San Bernardino in its redevelopment initiatives. One of their key objectives is to promote economic development within the city, including assuming ownership and operation of the Friendly Village Mobile Home Park to increase the availability of affordable housing for low and moderate income families. Through this, the corporation aims to help offset its operational costs, thereby contributing to the city's housing supply for these income brackets.
Who is the CEO of The Friendly Village Mobilehome Park Corp?
Dennis Kazarian is the President of The Friendly Village Mobilehome Park Corp.
What is the revenue of The Friendly Village Mobilehome Park Corp?
The Friendly Village Mobilehome Park Corp's revenue in 2022 was $613,679.
Who are the executives of The Friendly Village Mobilehome Park Corp and what are their salaries?
There 2 volunteers at The Friendly Village Mobilehome Park Corp.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $66,500
- Other: $0
- Compensation: $0
- Related: $50,700
- Other: $0
- Compensation: $0
- Related: $11,500
- Other: $0
- Compensation: $0
- Related: $11,500
- Other: $0
- Compensation: $0
- Related: $11,500
- Other: $0
- Compensation: $0
- Related: $11,500
- Other: $0
- Compensation: $0
- Related: $11,500
- Other: $0
- Compensation: $0
- Related: $11,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Friendly Village Mobilehome Park Corp?
The Friendly Village Mobilehome Park Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Friendly Village Mobilehome Park Corp
The Friendly Village Mobilehome Park Corp was established with a mission to alleviate governmental burdens and aid the former Redevelopment Agency of San Bernardino in its redevelopment efforts. This corporation took on the ownership and operation of the Friendly Village Mobile Home Park, a move intended to boost the supply of affordable housing for low and moderate-income families within the city. By operating the mobile home park and charging for space rent and utilities, The Friendly Village Mobilehome Park Corp manages to cover its costs, thereby enabling it to contribute to San Bernardino's housing needs in a significant way. This mission of the corporation not only increases the availability of affordable housing but also plays a role in promoting economic development within the city.
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Impact
July, 2024
The Friendly Village Mobilehome Park Corp's impact lies in its role as a provider of affordable housing for low and moderate-income families in the City of San Bernardino, California. By charging for space rent and utilities, the organization is able to offset costs and increase the city's housing supply for this demographic. This not only benefits individual families by providing them with a place to live at affordable rates but also contributes to the overall economic development and stability of the community. Through its operations, The Friendly Village Mobilehome Park Corp plays a crucial role in addressing the housing needs of vulnerable populations and supporting the city's redevelopment efforts.
This information is meant to be a general summary of The Friendly Village Mobilehome Park Corp. 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: $282
- Program Service Revenue: $613,397
- Gross Receipts: $613,679
Assets and Liabilities:
- Total Assets: $2,242,435
- Total Liabilities: $2,551,361
- Net Assets: -$308,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$613,397
Organization Details
Founding Year
1996
Phone
(714) 744-4993Principal Officer
Dennis Kazarian
Main Address
P O BOX 11927, SANTA ANA, CA, 92711
NTEE Category
Code: L20 - Housing
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