Overview
What is Sierra View Residences Llc?
Sierra View Residences Llc is a nonprofit organization that provides relatively affordable housing for the elderly. Situated in Reedley, California, the organization operates a 115-unit residential apartment complex. This facility serves approximately 120 elderly individuals and couples at a time, depending on occupancy and marital status. It functions as a supporting organization for Sierra View Homes, a tax-exempt IRC 501(C)(3) organization. The LLC's primary role is to manage the apartment complex, with all net income being distributed to Sierra View Homes. The real estate and furnishings belong to Sierra View Homes, which leases the facility to the LLC for a nominal fee. The organization's main purpose is to offer a comfortable living environment for the senior population.
Official website here: www.sierraview.org
Is Sierra View Residences Llc legitimate?
Sierra View Residences Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sierra View Residences Llc 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: $172,708
For more financial information, click here
Official website here: www.sierraview.org
What is the mission statement of Sierra View Residences Llc?
Sierra View Residences LLC operates a low-cost residential apartment complex primarily for the elderly. Its mission is to provide relatively affordable housing for this demographic. At any given time during the year, about 120 elderly individuals or couples reside in the 115 units, depending on occupancy and marital status. The LLC functions as an IRC 509(A)(3) supporting organization for Sierra View Homes, a tax-exempt organization. It operates the residential apartments on behalf of Sierra View Homes, distributing all its net income to the latter. The LLC has no assets of its own, as it merely operates the apartments for Sierra View Homes, which owns the real estate and furnishings.
Official website here: www.sierraview.org
What is the revenue of Sierra View Residences Llc?
Sierra View Residences Llc's revenue in 2023 was $1,681,828.
Official website here: www.sierraview.org
Who are the executives of Sierra View Residences Llc and what are their salaries?
There 9 volunteers at Sierra View Residences Llc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $135,032
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- Other: $0
Official website here: www.sierraview.org
Where can I find the form 990 for Sierra View Residences Llc?
Sierra View Residences Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sierraview.org
Learn more at the official website: www.sierraview.org
Mission Statement of Sierra View Residences Llc
Sierra View Residences LLC, as a supporting organization under the umbrella of Sierra View Homes, operates a low-cost residential apartment complex primarily for the elderly. The mission of Sierra View Residences LLC is to provide relatively affordable housing for this age group. At any given time during the year, approximately 120 elderly individuals and couples can call these apartments home, whether they are married or single residents renting an apartment. Sierra View Residences LLC operates under the IRC 509(A)(3) supporting organization framework, with all its net income being distributed to Sierra View Homes. The LLC does not hold any assets of its own, instead, it operates the residential apartments on behalf of Sierra View Homes. Sierra View Homes, a tax-exempt organization under IRC 501(C)(3) for both federal and California, owns the real estate and furnishings of the residential apartments, leasing the facility to the LLC for a nominal fee.
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Impact
October, 2024
Sierra View Residences LLC plays a crucial role in providing low-cost housing options for the elderly in Reedley, CA. By maintaining a 115-unit residential apartment complex, the organization addresses a significant need in the community, offering affordable living arrangements for approximately 120 senior residents, couples, and individuals throughout the year.
The apartments are designed to create a supportive environment for seniors, ensuring they have access to safe, affordable housing options. This not only enhances their quality of life but also fosters a sense of community among residents. The focus on low-cost living helps alleviate financial burdens often faced by the elderly, enabling them to maintain a more independent lifestyle.
Operating as a supporting organization for Sierra View Homes, Sierra View Residences LLC seamlessly integrates its efforts to support and enhance the services provided by this larger entity, ensuring that all resources are channeled back into enriching the lives of the residents. By providing stable housing, Sierra View Residences LLC significantly impacts the well-being of its senior residents, contributing to both their physical safety and emotional stability. This alignment of mission and operations ensures that the elderly population in the area receives the essential support they need.
This information is meant to be a general summary of Sierra View Residences Llc. 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: $210
- Program Service Revenue: $1,670,593
- Gross Receipts: $1,681,828
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$1,670,593
Organization Details
Founding Year
2013
Principal Officer
Roberta Linscheid
Website
www.sierraview.orgNTEE Category
Code: L22 - Housing
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