Overview
What is Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition?
The Beverly Normandie Housing Corporation Co Long Beach Affordable Housing Coalition is a nonprofit organization situated in Long Beach, California. With a focus on community service, their primary mission is to offer high-quality living accommodations for individuals with low and very low incomes. They manage a 59-unit complex in Los Angeles, aiming to provide affordable housing solutions. The organization, with a modest workforce of only two employees, is dedicated to this mission and strives to enhance the living standards of the residents within their jurisdiction.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating
The Beverly Normandie Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scores well for having a fully independent board and for ensuring that its financial statements are audited, reflecting a commitment to transparency. Additionally, it has a strong program expense ratio, with over 91% of its expenses going directly to programs, which is a positive indicator of its operational focus.
However, the organization faces significant criticisms in critical areas of governance. It scored poorly due to the absence of key policies, such as a whistleblower policy and guidelines for document retention. Moreover, the nonprofit's website is not listed on its tax forms, and it has not posted its tax forms on its website, which raises concerns about public accessibility to important financial information.
Additionally, the liabilities to assets ratio is concerning at 74.36%, suggesting potential financial vulnerabilities. Overall, while the organization demonstrates strengths in program efficiency and governance independence, it needs to address its documentation and transparency issues to enhance its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition legitimate?
Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition 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: $53,175
For more financial information, click here
What is the mission statement of Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition?
The Beverly Normandie Housing Corporation Co Long Beach Affordable Housing Coalition is committed to offering excellent living conditions for residents with low and very low income levels. They achieve this goal by managing a 59-unit complex situated in California. Their primary objective is to enhance the living standards of these individuals within the community. Although the provided information is brief, it indicates a mission focused on providing affordable housing and promoting a comfortable living environment for economically disadvantaged individuals.
Who is the CEO of Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition?
Enzo Cottogneti is the Board Chair of Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition.
What is the revenue of Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition?
Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition's revenue in 2022 was $511,394.
Who are the executives of Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition and what are their salaries?
The average compensation at Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition during 2022 was $26,588. There are 2 employees at Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition?
Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition
Beverly Normandie Housing Corporation Co. is a dedicated organization committed to providing high-quality housing for low and very low-income residents in the community. Located in a 59-unit complex in Los Angeles, California, this nonprofit corporation's mission is to create a living environment that caters to the needs of those who are financially disadvantaged. The corporation strives to uphold the dignity and well-being of its residents, ensuring they have access to a comfortable and secure living space. By providing quality housing, Beverly Normandie Housing Corporation Co. contributes to the betterment of the community and helps its residents lead fulfilling lives.
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Impact
July, 2024
The Beverly Normandie Housing Corporation Co Long Beach Affordable Housing Coalition has had a significant impact on providing quality living for low and very low-income residents in Los Angeles, California. Through their 59-unit complex, they have been able to offer affordable housing options to those in need, thereby improving the overall quality of life for individuals and families in the community. Their mission to provide affordable housing aligns with the pressing need for more accessible and safe living spaces for low-income individuals, making a tangible difference in addressing housing insecurity in the region.
This information is meant to be a general summary of Beverly Normandie Housing Corporation Co Long Beach Affordable Hsng Coalition. 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: $35
- Program Service Revenue: $290,992
- Gross Receipts: $511,394
Assets and Liabilities:
- Total Assets: $1,586,317
- Total Liabilities: $1,179,600
- Net Assets: $406,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Commercial rents
Revenue
$92,772
Low income rents
Revenue
$198,220
Organization Details
Phone
(562) 275-8664Principal Officer
Enzo Cottogneti
Main Address
3711 Long Beach Boulevard 5023, Long Beach, CA, 90807
NTEE Category
Code: L200 - Housing
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