Overview
What is Abram Housing Corporation?
Abram Housing Corporation, operating under the name Percy Abram Jr Senior Housing, is a nonprofit organization situated in Oakland, California. They operate a 44-unit apartment complex, dedicated to providing subsidized housing opportunities for the city's senior citizens. With a workforce of three individuals, their mission is centered around ensuring affordable and comfortable living environments for this specific demographic. The organization's primary activity involves managing this senior housing complex, ensuring its smooth operation and upholding the well-being of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
Abram Housing Corporation Dba Percy Abram Jr Senior Housing has received a Two-Star rating, indicating a fair level of accountability and finance management. The organization scored 72% overall, which is derived solely from its accountability and finance metrics. This rating highlights areas of strength, particularly in governance, where it boasts a fully independent board and has no material diversion of assets.
The organization excels in several key areas, such as a 93.12% program expense ratio, indicating that a significant portion of its funding is directed toward its programs. Additionally, it has strong policies in place regarding conflicts of interest and whistleblower protections, which are essential for maintaining transparency and trust within nonprofit operations.
However, a notable concern in the data is the liabilities to assets ratio, which stands at 170.75%, resulting in a score of 0 out of 15 points in that category. This suggests potential financial risks that could affect the organization's stability in the long term. Overall, while Abram Housing Corporation demonstrates sound practices in many areas, attention may be needed to address its financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Abram Housing Corporation legitimate?
Abram Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abram Housing Corporation 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: $75,124
For more financial information, click here
What is the mission statement of Abram Housing Corporation?
Abram Housing Corporation, operating under the name Percy Abram Jr Senior Housing, is dedicated to providing subsidized housing for senior citizens. Their primary objective is to ensure suitable living accommodations for this specific age group. The corporation runs a 44-unit apartment complex, whose primary function is the operation of subsidized housing. This commitment aims to support and enhance the living conditions of senior citizens, promoting their well-being and independence.
Who is the CEO of Abram Housing Corporation?
Sister Marie Taylor is the President of Abram Housing Corporation.
What is the revenue of Abram Housing Corporation?
Abram Housing Corporation's revenue in 2023 was $492,317.
Who are the executives of Abram Housing Corporation and what are their salaries?
The average compensation at Abram Housing Corporation during 2023 was $25,041. There are 3 employees and 10 volunteers at Abram Housing Corporation.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Abram Housing Corporation?
Abram Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Abram Housing Corporation
Abram Housing Corporation Dba Percy Abram Jr Senior Housing is dedicated to serving the senior citizens of Oakland, California, by providing subsidized housing. Their primary mission is to operate a 44-unit apartment complex, catering specifically to this demographic. This nonprofit organization's purpose is to ensure that senior citizens have access to comfortable and affordable housing, thereby contributing to their overall quality of life. The operation of this subsidized housing complex is central to the organization's activities and mission, aiming to make a positive impact on the senior community in Oakland.
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Impact
July, 2024
Abram Housing Corporation Dba Percy Abram Jr Senior Housing provides essential subsidized housing for senior citizens in Oakland, CA. Their impact can be seen in the provision of a safe, affordable, and supportive living environment for elderly individuals who may otherwise struggle to find suitable housing options. Through their operation of a 44 unit apartment complex, this organization plays a crucial role in addressing the housing needs of senior citizens in the community, ensuring they have a place to call home where they can age with dignity and security.
This information is meant to be a general summary of Abram Housing Corporation. 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: $1,048
- Program Service Revenue: $178,872
- Gross Receipts: $492,317
Assets and Liabilities:
- Total Assets: $6,038,558
- Total Liabilities: $10,311,203
- Net Assets: -$4,272,645
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry and other progr.
Revenue
$2,018
Rents
Revenue
$176,854
Organization Details
Founding Year
2003
Phone
(510) 420-8802Principal Officer
Sister Marie Taylor
Main Address
1094 Alcatraz Avenue, Oakland, CA, 94608
NTEE Category
Code: L22 - Housing
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