Overview
What is La Cruz Community?
La Cruz Community is a nonprofit organization situated in St. Cloud, Minnesota, with a specific focus on providing affordable housing for low and moderate-income families. Their mission is to offer housing solutions on a non-profit basis, ensuring that families in need have access to suitable living spaces. The organization has successfully constructed and managed 104 housing units, demonstrating its commitment to serving this community segment effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three Stars)
La Cruz Community has received a Three-Star out of Four Star rating from Charity Navigator, reflecting an overall score that emphasizes accountability and financial management. The organization achieved a score of 82 in Accountability & Finance, indicating a strong commitment to responsible fiscal practices.
The charity boasts a fully independent board, with 100% of its members meeting this criterion. Additional strengths include a robust financial oversight structure, evidenced by perfect scores in areas such as audit and oversight, as well as a favorable liabilities-to-assets ratio of 49.45%. Furthermore, La Cruz Community effectively documents board meeting minutes, enhancing transparency.
While the organization is strong in financial health and governance, the rating is based solely on the Accountability & Finance beacon, which may limit insight into other operational aspects or programmatic effectiveness. However, the high program expense ratio of 83.01% suggests that a significant portion of resources is directed towards its mission-related activities. Overall, La Cruz Community demonstrates a solid foundation in financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is La Cruz Community legitimate?
La Cruz Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Cruz Community 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: $0
For more financial information, click here
What is the mission statement of La Cruz Community?
The La Cruz Community, as a non-profit organization, is dedicated to providing housing solutions for families with low to moderate income. This mission is carried out by offering 104 housing units on a non-profit basis. The organization's primary goal is to contribute to the housing needs of these income groups, aiming to make a positive impact on their living situations. The La Cruz Community's activities are centered around this mission, aiming to provide affordable and accessible housing options for those in need.
What is the revenue of La Cruz Community?
La Cruz Community's revenue in 2023 was $869,063.
Who are the executives of La Cruz Community and what are their salaries?
There 3 volunteers at La Cruz Community.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for La Cruz Community?
La Cruz Community's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of La Cruz Community
La Cruz Community, a non-profit organization, is dedicated to providing housing solutions for families with moderate and low incomes. Their primary mission is to offer affordable housing units on a non-profit basis, thereby addressing the housing needs of those who may otherwise struggle to secure suitable living arrangements. By providing 104 housing units, La Cruz Community has made a significant impact in the lives of many families, offering them a stable and secure place to call home.
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Impact
July, 2024
La Cruz Community provides crucial support by offering affordable housing to low and moderate-income families in St. Cloud, MN. The organization's impact is evident in the 104 housing units it provides, which directly addresses the urgent need for affordable living spaces in the community. Through its non-profit efforts, La Cruz Community plays a vital role in ensuring that vulnerable families have access to stable and secure housing, thereby positively impacting their overall well-being and quality of life.
This information is meant to be a general summary of La Cruz Community. 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 2023.
- Investment Income: $6,422
- Program Service Revenue: $862,641
- Gross Receipts: $869,063
Assets and Liabilities:
- Total Assets: $1,957,166
- Total Liabilities: $967,970
- Net Assets: $989,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTS
Revenue
$854,638
TENANT CHARGES
Revenue
$8,003
Organization Details
Founding Year
1996
Principal Officer
Renae Sternke
NTEE Category
Code: L80Z - Housing
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