Overview
What is Samchai?
Samchai is a nonprofit organization situated in Belmont, California, specifically at 264 Harbor Blvd Bldg A, 94002. Their primary mission is to address the housing needs of low and moderate-income individuals and families, as they operate 180 housing units to cater to this group. The organization's mission is to provide housing solutions for those who struggle to find adequate housing options. Their work has a significant impact on the community, providing essential housing solutions where they are needed most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.
Samchai has received a Two-Star rating from Charity Navigator, indicating some areas of concern, particularly in governance and board independence. The organization has a low score for the presence of independent board members, which may affect its accountability and overall transparency. However, it has demonstrated strong financial practices, with a perfect score for its financial audit and a low liabilities to assets ratio.
On the positive side, Samchai maintains a solid program expense ratio of over 67%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. The organization has a conflict of interest policy in place, which is essential for ethical governance. Yet, the absence of essential documents such as a whistleblower policy and a clear website for financial transparency raises concerns about its commitment to best practices in nonprofit management.
Overall, while Samchai shows strengths in financial management and program allocation, it faces challenges related to board independence and governance policies that may hinder its effectiveness. Potential donors and supporters should weigh these factors when considering their involvement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Samchai legitimate?
Samchai is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samchai 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: $255,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $705,830
For more financial information, click here
What is the mission statement of Samchai?
The organization named Samchai has a mission to provide housing solutions for individuals and families with low to moderate income, who lack adequate housing options. This mission is carried out by operating 180 units, thereby offering housing opportunities to this specific group. The organization's primary focus is on addressing the housing needs of these individuals and families who are often overlooked, ensuring they have a comfortable living space.
Who is the CEO of Samchai?
Barbara Leff is the Vice President of Samchai.
What is the revenue of Samchai?
Samchai's revenue in 2022 was $4,458,898.
Who are the executives of Samchai and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $172,378
- Related: $0
- Other: $37,371
- Compensation: $20,505
- Related: $82,021
- Other: $47,213
- Compensation: $2,893
- Related: $84,510
- Other: $28,211
Where can I find the form 990 for Samchai?
Samchai's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Samchai
Samchai, as an organization, is committed to providing housing solutions for individuals and families with low to moderate incomes. Recognizing the lack of adequate housing options for such groups, Samchai steps in to bridge this gap. Their mission is to offer a secure living space for these individuals, ensuring they have a place to call home. Currently, Samchai operates 180 units, providing housing to individuals and families in need.
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Impact
July, 2024
Samchai's impact can be seen in its provision of housing for low and moderate-income individuals and families in Belmont, CA. The organization operates 180 units, offering a place to live for those in need where no adequate housing exists for such groups. This support helps address the pressing issue of housing insecurity and contributes to the well-being and stability of the community members it serves.
This information is meant to be a general summary of Samchai. 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: $115,976
- Program Service Revenue: $4,342,922
- Gross Receipts: $4,458,898
Assets and Liabilities:
- Total Assets: $25,043,120
- Total Liabilities: $950,367
- Net Assets: $24,092,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Income
Revenue
$204,740
Tenant Rental Income
Revenue
$4,138,182
Organization Details
Founding Year
2011
Phone
(650) 802-3300Principal Officer
Barbara Leff
Main Address
264 HARBOR BLVD BLDG A, BELMONT, CA, 94002
NTEE Category
Code: L21 - Housing
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