Overview
What is Hfl Sequoia Apartments?
HFL Sequoia Apartments serves as a general partner in a limited partnership, managing an affordable housing project for low-income households. Their primary mission is to offer affordable living spaces to individuals with unique needs. Despite having a minimal ownership interest of 0.005%, the organization experienced rental losses of $15 in 2021 as pass-through allocations. By providing affordable housing, HFL Sequoia Apartments contributes to the well-being of its community and helps ensure that everyone has access to a safe and comfortable living environment.
Is Hfl Sequoia Apartments legitimate?
Hfl Sequoia Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hfl Sequoia Apartments submitted a form 990EZ, 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
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What is the mission statement of Hfl Sequoia Apartments?
HFL Sequoia Apartments, as a general partner of a limited partnership, is committed to providing affordable housing for low-income individuals with needs. This mission is reflected in its ownership and operation of an affordable housing project. Regarding its financial performance in 2021, HFL Sequoia Apartments incurred rental losses of $15 due to pass-through allocations, despite having a minimal ownership interest of 0.005%.
What is the revenue of Hfl Sequoia Apartments?
Hfl Sequoia Apartments's revenue in 2023 was $19,571.
Who are the executives of Hfl Sequoia Apartments and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Hfl Sequoia Apartments?
Hfl Sequoia Apartments's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Hfl Sequoia Apartments
HFL Sequoia Apartments, as a general partner of a limited partnership, is committed to delivering affordable housing opportunities for individuals with specific needs. Its mission is centered around providing a living space that caters to low-income households, demonstrating a dedication to social equity and affordability. Despite holding a modest ownership interest of 0.005%, HFL Sequoia Apartments experienced rental losses of $15 in 2021, which were passed through to the organization. This situation may suggest the complexities and challenges associated with managing affordable housing projects, but it does not diminish the organization's mission to provide affordable housing for those in need.
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Impact
October, 2024
HFL Sequoia Apartments plays a vital role in addressing the pressing need for affordable housing in Los Angeles, a city grappling with a significant housing crisis. By functioning as a general partner in a limited partnership that oversees an affordable housing project, HFL Sequoia Apartments specifically targets low-income households, ensuring they have access to secure and stable living conditions.
Through its mission to provide affordable housing for individuals with needs, HFL Sequoia Apartments contributes to community stability and well-being. Affordable housing not only helps families secure a place to live but also mitigates broader societal issues such as homelessness and housing instability. Despite holding a minimal ownership interest, the organization’s engagement in this project reflects its commitment to the cause and the importance of supporting low-income residents in the area.
Even while dealing with minor financial setbacks, such as the recorded rental losses in 2021, HFL Sequoia Apartments remains focused on its mission, helping to uplift the lives of those who rely on affordable housing options in Los Angeles. In doing so, it fosters greater community resilience and aids in creating a more inclusive urban environment.
This information is meant to be a general summary of Hfl Sequoia Apartments. 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.
- Gross Receipts: $19,571
Assets and Liabilities:
- Total Assets: $5,005
- Total Liabilities: $0
- Net Assets: $5,005
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Organization Details
Principal Officer
Larry Haramoto
NTEE Category
Code: L22 - Housing
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