Overview
What is Sacramento Elderly Housing?
Sacramento Elderly Housing, located in Chicago, Illinois, is a nonprofit organization that focuses on providing safe and suitable living spaces for the elderly. Operating under the name Rev. Daniel Alvarez Apartments, this project is sponsored by Hispanic Housing Development Corporation, a recognized exempt organization. The main objective of Sacramento Elderly Housing is to offer elderly residents clean, comfortable, and well-maintained rental units. The mission of this organization is deeply rooted in ensuring the elderly population can live with dignity and security.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Sacramento Elderly Housing has received a Two-Star rating from Charity Navigator, indicating areas that require improvement. With an overall score of 69%, the organization demonstrates strong accountability and financial management in certain areas, such as having a conflict of interest policy and documenting board meeting minutes. However, the score reflects significant weaknesses, particularly in the independent board size and the liabilities to assets ratio, which contributed to lower marks in these critical areas.
The nonprofit benefits from a fully independent board in terms of majority membership, which is a positive aspect of its governance structure. Additionally, the organization has a high program expense ratio of 87.87%, suggesting that it directs a substantial portion of its resources toward its mission-driven activities. This is a favorable indicator of its commitment to serving the elderly population.
On the downside, key financial transparency issues have been identified, notably the absence of a publicly posted tax form on its website, which diminishes its accountability to stakeholders. The liabilities to assets ratio also raises concerns about its financial health, suggesting that the organization may be over-leveraged. Addressing these weaknesses will be crucial for Sacramento Elderly Housing to enhance its rating and build greater trust with the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Sacramento Elderly Housing legitimate?
Sacramento Elderly Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacramento Elderly Housing 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: $97,271
For more financial information, click here
What is the mission statement of Sacramento Elderly Housing?
Sacramento Elderly Housing's mission is centered around providing a secure living environment for the elderly. Their primary objective is to offer elderly individuals safe, decent, and sanitary rental housing. This mission is carried out through the operation of an apartment complex, which serves as a residence for the elderly. The sponsor of this project is Hispanic Housing Development Corporation, a non-profit organization.
Who is the CEO of Sacramento Elderly Housing?
Hipolito Roldan is the Treasurer of Sacramento Elderly Housing.
What is the revenue of Sacramento Elderly Housing?
Sacramento Elderly Housing's revenue in 2022 was $471,087.
Who are the executives of Sacramento Elderly Housing and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $410,579
- Other: $64,610
- Compensation: $0
- Related: $167,672
- Other: $28,243
- Compensation: $0
- Related: $113,510
- Other: $32,312
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $114,379
- Other: $26,659
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $137,494
- Other: $17,702
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $218,356
- Other: $48,291
- Compensation: $0
- Related: $155,042
- Other: $28,810
Where can I find the form 990 for Sacramento Elderly Housing?
Sacramento Elderly Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sacramento Elderly Housing
Sacramento Elderly Housing, as a nonprofit organization, is committed to providing a safe, decent, and sanitary living environment for the elderly. Its mission is centered around offering secure rental housing for this demographic, aiming to enhance their quality of life. By operating an apartment complex, the organization seeks to cater specifically to the elderly, ensuring they have a suitable place to reside in. This initiative is spearheaded by Hispanic Housing Development Corporation, a recognized exempt organization.
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Impact
July, 2024
Sacramento Elderly Housing is making a significant impact by providing safe, decent, and sanitary rental housing for the elderly in Chicago, IL. By operating an apartment complex specifically for elderly residents, the organization is addressing the critical need for affordable and suitable housing for this vulnerable population. Sacramento Elderly Housing's efforts contribute to enhancing the quality of life and well-being of elderly individuals in the community by ensuring they have a secure and comfortable place to call home.
This information is meant to be a general summary of Sacramento Elderly Housing. 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: $1,155
- Program Service Revenue: $452,738
- Gross Receipts: $471,087
Assets and Liabilities:
- Total Assets: $2,691,154
- Total Liabilities: $4,905,176
- Net Assets: -$2,214,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$450,734
LAUNDRY RECEIPTS
Revenue
$2,004
Organization Details
Founding Year
1995
Phone
(312) 602-6500Principal Officer
Hipolito Roldan
Main Address
325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: L22 - Housing
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