Overview
What is The Pacific Palms Mobilehome Park Corp?
The Pacific Palms Mobilehome Park Corp, located in San Bernardino, California, is a nonprofit organization that offers affordable housing solutions for low and moderate-income families. Established with the objective to alleviate governmental burdens, it operates Pacific Palms Mobile Home Park, providing space and utility rentals. The park, which initially catered to seniors, is now transitioning to an all-family park, featuring both doublewide and singlewide mobile homes. Spanning around 15.35 acres, the park offers amenities such as awnings, concrete or asphalt driveways, and covered carports. With a rental range from $420 to $725 per month and an average of $507, Pacific Palms Mobilehome Park Corp plays a significant role in expanding San Bernardino's housing options for economically disadvantaged families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
The Pacific Palms Mobilehome Park Corp has received a score of 79% from Charity Navigator, reflecting a solid level of accountability and financial health. The organization has achieved perfect scores in several key areas, including independent board member presence and financial oversight, indicating a strong commitment to governance practices. Notably, it has a high program expense ratio of 97.35%, suggesting that the majority of its resources are directed towards its charitable activities.
While the organization demonstrates commendable practices in areas such as conflict of interest and whistleblower policies, it faces a significant challenge with a liabilities to assets ratio of 145.72%. This high ratio indicates that the nonprofit may carry a substantial amount of debt relative to its assets, which could impact its financial stability in the long run.
Overall, The Pacific Palms Mobilehome Park Corp shows effective management and a dedication to its mission, but stakeholders should be mindful of its financial liabilities. Continued monitoring of its financial health will be crucial for ensuring its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Pacific Palms Mobilehome Park Corp legitimate?
The Pacific Palms Mobilehome Park Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pacific Palms 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: $22,419
For more financial information, click here
What is the mission statement of The Pacific Palms Mobilehome Park Corp?
The Pacific Palms 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 of San Bernardino, which includes assuming ownership and operation of Pacific Palms Mobile Home Park. This move aims to increase the availability of affordable housing for low and moderate-income families. By charging for space rent and utilities, the corporation is able to cover costs and contribute to expanding San Bernardino's housing supply in this income bracket.
Who is the CEO of The Pacific Palms Mobilehome Park Corp?
Dennis Kazarian is the President of The Pacific Palms Mobilehome Park Corp.
What is the revenue of The Pacific Palms Mobilehome Park Corp?
The Pacific Palms Mobilehome Park Corp's revenue in 2022 was $1,205,521.
Who are the executives of The Pacific Palms Mobilehome Park Corp and what are their salaries?
There 2 volunteers at The Pacific Palms 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 Pacific Palms Mobilehome Park Corp?
The Pacific Palms Mobilehome Park Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Pacific Palms Mobilehome Park Corp
The Pacific Palms Mobilehome Park Corp was established with a mission to alleviate governmental burdens by providing aid to the former Redevelopment Agency of the City of San Bernardino in its redevelopment endeavors. One of its primary objectives is to promote economic development within the city, and it achieves this by assuming ownership and operation of Pacific Palms Mobile Home Park. This initiative increases the availability of affordable housing for low and moderate-income families within the city, thereby contributing to the city's housing supply for this demographic. By charging for space rent and utilities, the corporation is able to offset its costs, thereby enabling it to fulfill its mission effectively.
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Impact
October, 2024
The Pacific Palms Mobilehome Park Corp significantly impacts the community by increasing the availability of low and moderate-income housing in San Bernardino. By offering affordable space rentals ranging from $420 to $725 per month, with an average of $507, the organization addresses the pressing need for accessible housing options in the area.
Occupying approximately 15.35 acres, the park consists of 142 mobile home spaces, gradually transitioning from a senior park to accommodating families. This evolution broadens the housing options for diverse demographics, promoting a more inclusive community.
Furthermore, by operating the mobile home park, the organization reduces government burdens and supports local redevelopment efforts aimed at fostering economic development within the city. Through its operational model, Pacific Palms not only provides essential housing but also contributes to the overall improvement of the neighborhoods it serves.
This information is meant to be a general summary of The Pacific Palms 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: $57
- Program Service Revenue: $1,205,464
- Gross Receipts: $1,205,521
Assets and Liabilities:
- Total Assets: $4,360,713
- Total Liabilities: $6,222,020
- Net Assets: -$1,861,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$1,205,464
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: S25Z - Community improvement
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