Overview
What is Eden Development Inc?
Eden Development Inc, situated in Hayward, California, is a nonprofit organization with a singular focus. They primarily serve as the managing general partner of various limited partnerships, which collectively own and operate low-income housing projects. The corporation's mission is to address the housing needs of low-income individuals, offering them affordable, decent, safe, and sanitary housing options when such facilities are otherwise unavailable. By serving as a general partner in these limited partnerships, Eden Development Inc contributes to the provision of housing solutions for those in need, enhancing their overall living conditions.
Official website here: www.edenhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Eden Development Inc has achieved an 81% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization boasts a high level of governance, with 87% of its board members being independent and a well-structured oversight committee for financial statements, achieving full points in this area. Their commitment to transparency is evident, as they have robust policies in place for conflict of interest, whistleblower protection, and document retention.
One of the significant strengths of Eden Development Inc is its exceptional program expense ratio of 99.84%, indicating that nearly all funds are directed towards program services. This high percentage suggests an effective use of resources in fulfilling its mission. The organization also consistently maintains accurate documentation, with board meeting minutes available and various key policies listed on their tax forms.
While the organization shows strong financial management and governance, a three-star rating leaves room for improvement in areas such as operational impact and long-term sustainability. Stakeholders might look for more detailed insights into the outcomes of their programs to understand the full extent of their effectiveness. Overall, Eden Development Inc presents itself as a responsible charity focused on its mission while maintaining a high level of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Eden Development Inc legitimate?
Eden Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eden Development 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,566
For more financial information, click here
Official website here: www.edenhousing.org
What is the mission statement of Eden Development Inc?
Eden Development Inc's mission is centered around providing housing solutions for individuals with low income, particularly in areas where adequate housing is not readily available. The organization serves as the general partner in limited partnerships that own and manage housing facilities. Their primary goal is to provide affordable, decent, safe, and sanitary housing and related services for low-income individuals who are in need. This encompasses various types of housing, including multi-family rental properties, cooperatives, and supportive housing.
Official website here: www.edenhousing.org
Who is the CEO of Eden Development Inc?
Linda Mandolini is the President of Eden Development Inc.
Official website here: www.edenhousing.org
What is the revenue of Eden Development Inc?
Eden Development Inc's revenue in 2022 was $1,447,293.
Official website here: www.edenhousing.org
Who are the executives of Eden Development Inc and what are their salaries?
The average compensation at Eden Development Inc during 2022 was $117,566. There is 1 employee and 7 volunteers at Eden Development Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $567,223
- Other: $43,669
- Compensation: $0
- Related: $417,329
- Other: $18,625
- Compensation: $0
- Related: $231,556
- Other: $0
- Compensation: $241,251
- Related: $0
- Other: $36,220
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.edenhousing.org
Where can I find the form 990 for Eden Development Inc?
Eden Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edenhousing.org
Learn more at the official website: www.edenhousing.org
Mission Statement of Eden Development Inc
Eden Development Inc, as a mission-driven organization, is committed to addressing the housing needs of low-income individuals. When adequate housing is scarce for such groups, Eden Development steps in to provide a solution. Beyond just housing, the organization serves as a general partner in limited partnerships that own and operate housing for those in need of affordable, decent, safe, and sanitary living spaces. This includes multi-family rental housing, cooperatives, and supportive housing. Eden Development's mission is to ensure that low-income individuals have access to housing that is not only affordable but also meets basic standards of safety and cleanliness. By providing these housing options, the organization aims to enhance the living conditions of those who are struggling financially, enabling them to focus on other aspects of their lives.
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Impact
July, 2024
Eden Development Inc's impact lies in its commitment to providing housing for low-income individuals in areas where adequate housing options are limited. As a managing general partner of various limited partnerships that own and operate low-income housing projects, the organization ensures that those in need have access to affordable, decent, safe, and sanitary housing along with related services. By focusing on multi-family rental housing, co-ops, and supportive housing, Eden Development Inc plays a crucial role in addressing the housing needs of low-income individuals and families, ultimately contributing to creating more inclusive and sustainable communities.
This information is meant to be a general summary of Eden Development 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.
- Program Service Revenue: $1,283,399
- Gross Receipts: $1,447,293
Assets and Liabilities:
- Total Assets: $30,102,224
- Total Liabilities: $131,854,652
- Net Assets: -$101,752,428
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$884,400
PARTNERSHIP MANAGEMENT FEES
Revenue
$398,999
Organization Details
Founding Year
2004
Phone
(510) 582-1460Principal Officer
Linda Mandolini
Main Address
22645 GRAND STREET, HAYWARD, CA, 94541
Website
www.edenhousing.orgNTEE Category
Code: L20 - Housing
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