Overview
What is Golden Empire Chdo Affordable Housing Inc?
Golden Empire Chdo Affordable Housing Inc, based in Bakersfield, California, is a dedicated nonprofit organization with a mission to offer affordable housing solutions for seniors with low and very low incomes. Established at 601 24th Street Suite B, this nonprofit organization is committed to providing essential housing services within the community, ensuring that the elderly population has access to comfortable and affordable living spaces. By fulfilling this vital role, Golden Empire Chdo Affordable Housing Inc contributes significantly to the overall well-being and stability of the senior population in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)
Golden Empire Chdo Affordable Housing Inc has received a rating of "Needs Improvement" from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas requiring attention. The organization has an impressive accountability structure, with 100% independent board members and a strong performance in financial oversight, receiving full marks for its audit and oversight committee.
However, there are notable weaknesses that contributed to the overall rating, particularly regarding transparency and governance. The organization lacks key policies such as a conflict of interest policy, a whistleblower policy, and document retention policies. Additionally, important financial documents are not consistently available on their website, which raises concerns about accessibility and public accountability.
Despite these challenges, the organization maintains a healthy program expense ratio of 87%, indicating that a substantial portion of its resources is directed toward its mission. However, the liabilities to assets ratio of 72.30% highlights potential financial vulnerabilities that should be addressed for long-term sustainability. Overall, while there are commendable aspects of their operations, improvements in governance and transparency are critical for enhancing their rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Empire Chdo Affordable Housing Inc legitimate?
Golden Empire Chdo Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Empire Chdo Affordable Housing Inc 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:
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What is the mission statement of Golden Empire Chdo Affordable Housing Inc?
Golden Empire Chdo Affordable Housing Inc is committed to a mission of providing affordable housing for senior citizens who fall under the low and very low-income brackets. This non-profit organization strives to ensure that elderly individuals have access to suitable and affordable living spaces, thereby addressing the housing needs of this demographic. The organization's primary goal is to create a supportive environment for seniors in financial need, thereby enhancing their overall quality of life. By providing affordable housing, Golden Empire Chdo Affordable Housing Inc aims to contribute to a more inclusive and equitable society, where everyone, regardless of their income level, has the right to a decent living space.
Who is the CEO of Golden Empire Chdo Affordable Housing Inc?
Diana Elliott is the President of Golden Empire Chdo Affordable Housing Inc.
What is the revenue of Golden Empire Chdo Affordable Housing Inc?
Golden Empire Chdo Affordable Housing Inc's revenue in 2022 was $530,985.
Who are the executives of Golden Empire Chdo Affordable Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Golden Empire Chdo Affordable Housing Inc?
Golden Empire Chdo Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golden Empire Chdo Affordable Housing Inc
Golden Empire ChDO Affordable Housing Inc is committed to providing affordable housing for seniors who fall under the categories of low and very low income. This nonprofit organization's mission is centered around ensuring that these individuals have access to comfortable living spaces, which is a fundamental necessity for everyone. By offering affordable housing, Golden Empire ChDO Affordable Housing Inc is making a significant contribution towards enhancing the quality of life for these senior citizens, allowing them to live with dignity and independence. The organization's mission is a vital pillar in the community, ensuring that the elderly population has a secure and affordable living environment.
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Impact
July, 2024
Golden Empire Chdo Affordable Housing Inc makes a significant impact by providing affordable housing for low and very low-income seniors in Bakersfield, CA. This organization plays a crucial role in addressing the housing needs of a vulnerable population, ensuring that seniors have access to safe and affordable housing options. By fulfilling its mission of providing affordable housing, Golden Empire Chdo Affordable Housing Inc positively impacts the lives of seniors, giving them a place to call home and promoting their well-being and stability. Through its dedicated efforts, this organization contributes to the community by creating a supportive living environment for low-income seniors, ultimately enhancing their quality of life.
This information is meant to be a general summary of Golden Empire Chdo Affordable Housing Inc. 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: $4,181
- Program Service Revenue: $193,981
- Gross Receipts: $530,985
Assets and Liabilities:
- Total Assets: $2,198,814
- Total Liabilities: $1,589,927
- Net Assets: $608,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$193,981
Organization Details
Founding Year
2005
Phone
(661) 633-1533Principal Officer
Diana Elliott
Main Address
601 24TH STREET SUITE B, BAKERSFIELD, CA, 93301
NTEE Category
Code: L21 - Housing
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