Overview
What is The Rancho Meridian Mobilehome Park Corp?
The Rancho Meridian Mobilehome Park Corp is a nonprofit organization situated in San Bernardino, California. Established primarily to support the former redevelopment agency of the city in its efforts to promote economic growth, the corporation assumed ownership and management of Rancho Meridian Mobile Home Corporation. This move aimed to increase the availability of affordable housing for low and moderate-income families within the city. The mobilehome park, located at 2686 West Mill Street, consists of 143 mobile home spaces, primarily doublewide, with additional triple-wide options. The park, which opened in 1973, features amenities such as awnings, concrete or asphalt driveways, and covered carports. The organization operates by charging rental fees for spaces and utilities, helping cover costs and contribute to the city's housing supply.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Rancho Meridian Mobilehome Park Corp has achieved a Three-Star rating, reflecting a solid accountability and finance score of 79%. This rating indicates a high level of transparency and responsible management of resources, as the score is based solely on the organization’s financial practices and governance structures. The majority of the board members are independent, and the organization has robust policies in place to prevent conflicts of interest and material asset diversions.
Key strengths include a very high program expense ratio of 96.66%, signifying that most of its expenditures are directed toward its programs rather than administrative costs. The organization also demonstrates effective oversight with comprehensive documentation practices, including detailed minutes from board meetings and policies for whistleblowing and record retention.
Despite its strong financial management, the rating is solely based on accountability and finance metrics, which may not reflect the organization’s impact or effectiveness in serving its community. Potential supporters should consider looking into additional aspects of the organization’s operations and program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is The Rancho Meridian Mobilehome Park Corp legitimate?
The Rancho Meridian Mobilehome Park Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rancho Meridian 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: $11,038
For more financial information, click here
What is the mission statement of The Rancho Meridian Mobilehome Park Corp?
The Rancho Meridian Mobilehome Park Corp was established with the objective of alleviating governmental burdens by providing assistance to the former redevelopment agency of San Bernardino in its redevelopment efforts. One of its primary tasks is promoting economic development within the city of San Bernardino, including assuming ownership and operation of the Rancho Meridian Mobile Home Corporation. This initiative aims to increase the availability of low- and moderate-income housing within the city. The organization derives revenue by charging for space rent and utilities, which helps offset costs and contribute to the city's housing supply for this income group.
Who is the CEO of The Rancho Meridian Mobilehome Park Corp?
Dennis Kazarian is the President of The Rancho Meridian Mobilehome Park Corp.
What is the revenue of The Rancho Meridian Mobilehome Park Corp?
The Rancho Meridian Mobilehome Park Corp's revenue in 2022 was $1,095,534.
Who are the executives of The Rancho Meridian Mobilehome Park Corp and what are their salaries?
There 2 volunteers at The Rancho Meridian 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 Rancho Meridian Mobilehome Park Corp?
The Rancho Meridian Mobilehome Park Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Rancho Meridian Mobilehome Park Corp
The Rancho Meridian Mobilehome Park Corp, established with the intention to alleviate governmental burdens, primarily assists the former Redevelopment Agency of the City of San Bernardino in its redevelopment endeavors. This nonprofit corporation undertakes the ownership and operation of Rancho Meridian Mobile Home Corporation, a mobilehome park, with the primary objective of increasing the availability of affordable housing for low and moderate-income families within the city. By charging for space rent and utilities, the organization manages to offset costs, thereby contributing to the City of San Bernardino's housing supply. In essence, The Rancho Meridian Mobilehome Park Corp serves as a vital partner in promoting economic development and addressing housing needs within the city.
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Impact
October, 2024
The Rancho Meridian Mobilehome Park Corporation plays a crucial role in addressing the housing needs of low and moderate-income families in San Bernardino. By operating a mobile home park with 143 spaces, it effectively increases the availability of affordable housing options in the area.
This organization charges rent for space and utilities, which not only covers operational costs but also enables ongoing improvements and maintenance of the park. The rent structure ranges from $445 to $763 per month, with an average of $580, making it an accessible option for families seeking affordable housing solutions in a region with economic challenges.
Located at 2686 West Mill Street on an 18.63-acre site, Rancho Meridian is designed primarily as a family park, featuring doublewide and triple-wide spaces that enhance living conditions for residents. Facilities like awnings, concrete or asphalt driveways, and covered carports contribute to the overall quality of life within the community.
In addition to providing housing, the park supports the city’s redevelopment efforts, promoting economic development and relieving some of the governmental burdens associated with housing scarcity. Overall, the Rancho Meridian Mobilehome Park Corporation significantly contributes to the local housing landscape, fostering stability and community for families in need.
This information is meant to be a general summary of The Rancho Meridian 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: $2,467
- Program Service Revenue: $1,093,067
- Gross Receipts: $1,095,534
Assets and Liabilities:
- Total Assets: $5,838,063
- Total Liabilities: $7,452,692
- Net Assets: -$1,614,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$1,093,067
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: L200 - Housing
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