Aofgolden State Community Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330861387 ✦ Huntington beach, CA ✦ Designated as a 501(c)(3)

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Overview

What is Aofgolden State Community Development Corp?

Aofgolden State Community Development Corp is a nonprofit organization situated in Huntington Beach, California. Their primary mission is to provide affordable housing options for low-income individuals, the elderly, and people with mental or physical challenges. They achieve this by acquiring, rehabilitating, and renting properties, as well as in some cases, selling these properties. Their work is geared towards improving the living conditions of these vulnerable communities, ensuring they have a safe and affordable place to call home. With a small team of dedicated individuals, Aofgolden State Community Development Corp plays a significant role in addressing housing inequality in the area.


Official website here: www.aofgoldenstate.com

Is Aofgolden State Community Development Corp legitimate?

Aofgolden State Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aofgolden State Community Development 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: $150,549
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.aofgoldenstate.com

What is the mission statement of Aofgolden State Community Development Corp?

Aofgolden State Community Development Corp's mission is centered around providing affordable housing solutions. The organization actively acquires and rehabilitates properties, subsequently renting or selling them to low-income individuals, the elderly, and those with mental or physical challenges. This initiative aims to ensure that these vulnerable groups have access to suitable housing accommodations. The corporation's focus on affordable housing is a significant contribution to the well-being of these communities, providing them with safe and secure living spaces. The corporation's primary activity involves the renovation of rental properties, which are then leased out to cater to the housing needs of the specified population groups.


Official website here: www.aofgoldenstate.com

Who is the CEO of Aofgolden State Community Development Corp?

Kathryn T Walker is the Trustee of Aofgolden State Community Development Corp.


Official website here: www.aofgoldenstate.com

What is the revenue of Aofgolden State Community Development Corp?

Aofgolden State Community Development Corp's revenue in 2022 was $366,569.


Official website here: www.aofgoldenstate.com

Who are the executives of Aofgolden State Community Development Corp and what are their salaries?

The average compensation at Aofgolden State Community Development Corp during 2022 was $150,549. There is 1 employee at Aofgolden State Community Development Corp.


Here are 7 key members and their salaries:


Daniel Do-Khanh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
San Pham (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Grady (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn T Walker (President, Trustee)
  • Compensation: $0
  • Related: $365,000
  • Other: $57,670
Brett Mascaro (Senior Vp, Trustee)
  • Compensation: $0
  • Related: $333,542
  • Other: $43,429
Ajay Nayer (Vice President)
  • Compensation: $132,044
  • Related: $0
  • Other: $19,558
Sharon Tran (Secretary)
  • Compensation: $0
  • Related: $192,258
  • Other: $34,300


Official website here: www.aofgoldenstate.com

Where can I find the form 990 for Aofgolden State Community Development Corp?

Aofgolden State Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aofgoldenstate.com

Learn more at the official website: www.aofgoldenstate.com

Mission Statement of Aofgolden State Community Development Corp

AofGolden State Community Development Corp is dedicated to making a significant impact in the lives of low-income, elderly, and individuals with mental or physical challenges by acquiring, rehabilitating, renting, and selling affordable housing units. The organization's mission is to provide a sanctuary for these individuals and families, ensuring they have access to safe and affordable living spaces. By rehabilitating rental properties, AofGolden State Community Development Corp aims to create comfortable living environments that cater to the specific needs of its residents. This commitment to affordable housing plays a crucial role in enhancing the quality of life for those who are most in need.

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Impact




October, 2024

Aofgolden State Community Development Corp has a significant impact on the communities it serves by addressing critical housing needs for low-income individuals and families, particularly those who are elderly or have mental or physical challenges. By acquiring and rehabilitating properties, it increases the availability of affordable housing, ensuring that vulnerable populations have safe and stable places to live.

The organization's focus on rehabilitation not only enhances the quality of the housing stock but also revitalizes neighborhoods, fostering a sense of community. By leasing and selling these rehabilitated properties, Aofgolden State provides its tenants with opportunities for more than just housing; it offers pathways to improved quality of life and greater independence for individuals who might otherwise struggle to find suitable living conditions.

In Huntington Beach and surrounding areas, the work of Aofgolden State contributes to economic stability and social well-being, ultimately supporting the development of inclusive communities where all residents, regardless of their circumstances, have access to affordable housing options.




This information is meant to be a general summary of Aofgolden State Community Development 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.

Revenue
$366,569 (2022)
Expenses
$415,750 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $316
  • Program Service Revenue: $366,253
  • Gross Receipts: $366,569

Assets and Liabilities:

  • Total Assets: $2,278,391
  • Total Liabilities: $2,751,499
  • Net Assets: -$473,108

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ASSET ADMINISTRATION

Revenue

$220,909

RENTS - LA VALENCIA

Revenue

$145,344

Organization Details

Founding Year

1999

Principal Officer

Kathryn T Walker

Main Address

7755 CENTER AVENUE 575, HUNTINGTON BEACH, CA, 92647

NTEE Category

Code: L20 - Housing

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