Overview
What is Santa Barbara Affordable Housing Group?
Santa Barbara Affordable Housing Group is a nonprofit organization situated in Santa Barbara, California. Its primary mission is to alleviate the burden on government by addressing the ongoing issue of affordable housing shortages. To accomplish this, the group has purchased public housing units with the intention of aiding in the development or operation of low-income housing units, such as public housing. At present, they manage 457 units specifically designed for low-income individuals. Their objective is to establish sustainable housing solutions for the underprivileged, distressed, and poor, thereby contributing to the overall improvement of their living conditions.
Official website here: www.hacsb.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 69% (Two-Star out of Four Stars)**
The Santa Barbara Affordable Housing Group has received a Two-Star rating from Charity Navigator, indicating concerns about its financial health. The rating is solely based on the Accountability & Finance beacon, reflecting a significant emphasis on financial management and governance practices. While the organization excels in certain areas, such as providing an independent board and maintaining an audit trail, there are gaps, particularly regarding its conflict of interest and whistleblower policies, which are deemed missing.
The nonprofit is recognized for its strong program expense ratio at nearly 85%, meaning a substantial portion of its funds are devoted to its mission-related activities. However, the liabilities-to-assets ratio is a concern, sitting at over 108%, which suggests potential financial sustainability issues. Notably, specific factors like its impact, culture, and leadership adaptability have not been scored, which limits a comprehensive evaluation of its overall effectiveness.
User reviews from GreatNonprofits are not available, limiting insight into public sentiment regarding its programs or initiatives. Overall, while the Santa Barbara Affordable Housing Group demonstrates a commitment to accountability in some areas, stakeholders may want to consider its financial risks and lack of certain governance policies when evaluating its capacity to serve the community effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Santa Barbara Affordable Housing Group?
78% of reviewers recommend the Santa Barbara Affordable Housing Group based on the feedback provided. Here’s a summary of their insights:
Many individuals express hope in securing affordable housing through the organization, highlighting the long waiting periods some experience as they remain on the list for years. Users mention the connection between affordable housing and personal aspirations, such as pursuing education. The sentiment reflects a mixture of optimism and frustration, as the search for safe and accessible living spaces continues to be a challenge for them.
Overall, the organization appears to be making a positive impact in the community for those seeking affordable housing options, even though some users are still navigating prolonged wait times. The reviews indicate that while there are obstacles in the process, the nonprofit's mission aligns with the needs of underserved individuals striving for stability.
This AI summary has been generated from reviews found on Facebook.
Is Santa Barbara Affordable Housing Group legitimate?
Santa Barbara Affordable Housing Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Barbara Affordable Housing Group 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: $2,211,711
For more financial information, click here
Official website here: www.hacsb.org
What is the mission statement of Santa Barbara Affordable Housing Group?
The Santa Barbara Affordable Housing Group's mission involves managing and developing sustainable housing for disadvantaged individuals, including the poor, distressed, and underprivileged. Their primary objective is to alleviate the burden on government by addressing the ongoing issue of affordable housing shortages. This organization plays a crucial role in purchasing public housing units to facilitate the development or operation of low-income housing units, such as public housing. Currently, they operate 457 units specifically designated for low-income individuals.
Official website here: www.hacsb.org
Who is the CEO of Santa Barbara Affordable Housing Group?
Rob Fredericks is the Ceo/Executive Director of Santa Barbara Affordable Housing Group. The CEO's salary of Santa Barbara Affordable Housing Group is $0 and their total compensation is $323,358.
Official website here: www.hacsb.org
What is the revenue of Santa Barbara Affordable Housing Group?
Santa Barbara Affordable Housing Group's revenue in 2023 was $11,049,538.
Official website here: www.hacsb.org
Who are the executives of Santa Barbara Affordable Housing Group and what are their salaries?
Here are 10 key members and their salaries (Santa Barbara Affordable Housing Group's CEO's salary is $0 and their total compensation is $323,358):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $675
- Other: $0
- Compensation: $0
- Related: $750
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $276,516
- Other: $46,842
- Compensation: $0
- Related: $168,758
- Other: $36,938
Official website here: www.hacsb.org
Where can I find the form 990 for Santa Barbara Affordable Housing Group?
Santa Barbara Affordable Housing Group's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hacsb.org
Learn more at the official website: www.hacsb.org
Mission Statement of Santa Barbara Affordable Housing Group
Santa Barbara Affordable Housing Group is committed to addressing the ongoing affordable housing shortage for the poor, distressed, and underserved population. Their mission is twofold: firstly, they endeavor to manage and develop sustainable housing solutions, and secondly, they aim to alleviate the burden on government by addressing this persistent issue. By doing so, they strive to contribute positively to society and provide a solution to the ever-present challenge of affordable housing. To accomplish this, the organization purchases public housing units, which in turn assists in the development or operation of low-income housing units, including public housing. Santa Barbara Affordable Housing Group currently manages 457 units designated for low-income individuals, contributing to the availability and sustainability of affordable housing in the community.
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Impact
July, 2024
Santa Barbara Affordable Housing Group has had a significant impact by managing and developing sustainable housing for low-income individuals in Santa Barbara, CA. The organization plays a crucial role in addressing ongoing affordable housing shortages by operating 457 units designated for those in need. Through its mission to assist the poor, distressed, and underprivileged, Santa Barbara Affordable Housing Group helps relieve the burdens of government in providing affordable housing solutions.
This information is meant to be a general summary of Santa Barbara Affordable Housing Group. 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: $90,325
- Program Service Revenue: $10,329,578
- Gross Receipts: $11,049,538
Assets and Liabilities:
- Total Assets: $107,563,752
- Total Liabilities: $116,914,830
- Net Assets: -$9,351,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$9,759,857
TENANT SERVICES
Revenue
$569,721
Organization Details
Founding Year
2013
Phone
(805) 897-1058Principal Officer
Rob Fredericks
Main Address
808 LAGUNA STREET, SANTA BARBARA, CA, 93101
Website
www.hacsb.orgNTEE Category
Code: L21 - Housing
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