Overview
What is National Asian American Coalition?
The National Asian American Coalition, based in Daly City, California, is a 501(c)(3) nonprofit organization committed to housing counseling, homebuying education, and community involvement. Over the past two years, they have participated in over 77 foreclosure prevention clinics. Their services include financial education workshops, mortgage default and delinquency resolution counseling, and pre-purchase and post-purchase counseling. They also operate a US Department of Treasury-certified Small Business Center, providing access to basic financial services, affordable credit, and investment capital for low-income borrowers. The organization offers guidance online to prospective loan applicants and conducts workshops for business owners. Additionally, they advocate for communities on consumer issues before governmental bodies and engage in ongoing administrative legal proceedings before the California Public Utilities Commission. The Coalition also runs a program called "Owning a Piece of America," aimed at informing, empowering, and inspiring the new immigrant community in Southern California.
Official website here: www.naac.org
What are the reviews and ratings of this charity?
**Charity Rating: 96% (Four-Star out of Four Star Rating on Charity Navigator)**
The National Asian American Coalition has achieved an impressive 96% rating on Charity Navigator, indicating strong accountability and financial health. This high score is derived entirely from their Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible management of resources. The metrics show that they maintain a majority of independent board members and have robust policies in place to handle conflicts of interest and whistleblower protections.
The coalition’s financial health is demonstrated through a program expense ratio of over 76%, signifying that a substantial portion of their funding is directed toward their mission-driven programs. Their financial oversight practices are well-regarded, with no indications of asset diversions and a manageable liabilities-to-assets ratio. However, it's worth noting that metrics related to impact measurement, culture, and leadership have not been scored, which could limit a comprehensive assessment of the organization's effectiveness in those areas.
Unfortunately, user reviews from GreatNonprofits could not be fetched, so insights from the general public regarding their individual experiences or feedback about the organization are not available. Overall, the National Asian American Coalition stands out for its excellent financial practices, but potential supporters may be interested in more qualitative data on its broader impact and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is National Asian American Coalition legitimate?
National Asian American Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Asian American 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: $877,951
Professional Fundraising Fees: $0
Other Salaries and Wages: $276,982
For more financial information, click here
Official website here: www.naac.org
What is the mission statement of National Asian American Coalition?
The National Asian American Coalition's mission is to serve as a conduit for economic development, primarily through providing technical assistance to minority groups in California. Their objective is to become the preferred resource for low and moderate income families. This encompasses, but is not limited to, promoting sustainable and responsible homeownership, advocating for homeownership opportunities for low-to-moderate-income individuals and families, and advocating for communities on a wide range of consumer issues before governmental bodies. Additionally, they support small business development for minorities and veterans.
Official website here: www.naac.org
Who is the CEO of National Asian American Coalition?
Filiberto Gonzalez is the Chairperson of National Asian American Coalition. The CEO's salary of National Asian American Coalition is $698,250 and their total compensation is $698,250.
Official website here: www.naac.org
What is the revenue of National Asian American Coalition?
National Asian American Coalition's revenue in 2022 was $10,166,342.
Official website here: www.naac.org
Who are the executives of National Asian American Coalition and what are their salaries?
The average compensation at National Asian American Coalition during 2022 was $96,244. There are 12 employees at National Asian American Coalition.
Here are 11 key members and their salaries (National Asian American Coalition's CEO's salary is $698,250 and their total compensation is $698,250):
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- Compensation: $698,250
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- Compensation: $179,701
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Official website here: www.naac.org
Where can I find the form 990 for National Asian American Coalition?
National Asian American Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naac.org
Learn more at the official website: www.naac.org
Mission Statement of National Asian American Coalition
The National Asian American Coalition, abbreviated as NAAC, is committed to serving as a conduit for economic development for low and moderate-income families, primarily within minority groups. Their mission extends beyond this, encompassing the promotion of sustainable and responsible homeownership, outreach for small business development among minorities and veterans, and advocacy for homeownership opportunities for those in the lower to moderate income bracket. Furthermore, NAAC is involved in advocating for communities on a wide range of consumer issues before various governmental bodies. Their efforts aim to empower these communities and contribute to their overall well-being.
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Impact
October, 2024
The National Asian American Coalition (NAAC) significantly impacts the communities it serves by providing essential resources and support aimed at empowering low- and moderate-income families, particularly within the Asian American community. Through a variety of initiatives, NAAC facilitates economic development and promotes responsible homeownership.
In the past two years, NAAC has organized or participated in over 77 foreclosure prevention clinics, demonstrating a commitment to safeguarding families from losing their homes. Additionally, it offers comprehensive financial education and homebuyer workshops, aiding individuals in understanding the complexities of home buying and financial management.
The NAAC Small Business Center plays a crucial role in supporting entrepreneurs by offering access to affordable credit and investment capital, particularly to those historically marginalized in traditional banking systems. With guidance tailored to prospective loan applicants, NAAC ensures that small business owners receive targeted advice and resources, helping them navigate the complexities of securing funding and improving their financial health.
Moreover, NAAC's outreach and community engagement initiatives, such as the "Owning a Piece of America" program, work to empower new immigrants by providing vital information on credit restoration and access to capital. This multifaceted approach fosters a sense of community while equipping individuals with the tools necessary for a successful life in America.
Through advocacy on behalf of consumers before governmental bodies and by addressing critical economic issues, NAAC positions itself as a vital conduit for change, ultimately striving to enhance the financial stability and quality of life for the communities it serves.
This information is meant to be a general summary of National Asian American 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: $296,716
- Program Service Revenue: $632,198
- Gross Receipts: $10,167,624
Assets and Liabilities:
- Total Assets: $19,747,862
- Total Liabilities: $9,095,838
- Net Assets: $10,652,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FRAMEWORK FEES
Revenue
$179,820
LOAN FEES
Revenue
$179,344
INTERVENOR COMPENSATION
Revenue
$103,089
SPONSORSHIPS
Revenue
$93,425
SAN DIEGO 1ST RESPONDER PROGRAM
Revenue
$50,000
Organization Details
Founding Year
2004
Phone
(650) 952-0522Principal Officer
Filiberto Gonzalez
Main Address
318 WESTLAKE CENTER 270, DALY CITY, CA, 94015
Website
www.naac.orgNTEE Category
Code: P20 - Human services
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