Overview
What is Stoneman Village Ii Housing Corporation?
Stoneman Village II Housing Corporation is a nonprofit organization situated in Pittsburg, California, with a specific focus on serving the elderly and handicapped individuals with low income. Established under Section 202 of the National Housing Act, their mission involves developing, owning, and operating 60 housing units, catering to the unique physical, social, and psychological needs of its residents. HUD regulates these projects, ensuring reasonable rent charges and operating methods. The primary objective of Stoneman Village II Housing Corporation is to provide a supportive living environment that addresses the diverse needs of its elderly and disabled residents, enhancing their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Stoneman Village II Housing Corporation has received a 71% rating from Charity Navigator, earning it a Two-Star designation. This score reflects the organization's performance in accountability and finance, indicating that while the nonprofit meets several important standards, there are areas that require improvement, particularly in financial management. Specifically, the organization has a strong track record in governance, with a fully independent board and a comprehensive conflict of interest policy.
The organization excels in program expense ratio, allocating 97.65% of its budget towards its programs, which demonstrates a strong commitment to its mission. Additionally, it has effective oversight practices, including an audit and oversight committee, and maintains thorough documentation of board meeting minutes. These strengths indicate a focus on transparency and responsible management of resources.
However, the organization has a concerning liabilities to assets ratio of 110.13%, which raises flags about financial stability. This imbalance suggests that the organization may be facing challenges in managing its debts relative to its assets, which could impact its long-term sustainability. Overall, while Stoneman Village II Housing Corporation shows significant strengths in governance and program funding, it needs to address its financial liabilities to enhance its overall effectiveness and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Stoneman Village Ii Housing Corporation legitimate?
Stoneman Village Ii Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stoneman Village Ii 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: $356,798
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What is the mission statement of Stoneman Village Ii Housing Corporation?
Stoneman Village II Housing Corporation is dedicated to providing specialized housing facilities and services for elderly or disabled individuals with low income. The corporation's mission is to cater to their physical, social, and psychological needs in a unique and tailored manner. To accomplish this, they develop, own, and manage 60 units of low-income housing for the elderly and handicapped, adhering to regulations set by HUD, which include controlling rent charges and operating methods. The aim is to create an environment that supports and enhances the quality of life for these individuals.
What is the revenue of Stoneman Village Ii Housing Corporation?
Stoneman Village Ii Housing Corporation's revenue in 2024 was $1,136,993.
Who are the executives of Stoneman Village Ii Housing Corporation and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for Stoneman Village Ii Housing Corporation?
Stoneman Village Ii Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Stoneman Village Ii Housing Corporation
Stoneman Village II Housing Corporation is dedicated to providing suitable living facilities and services for elderly and disabled individuals with low income. The corporation's mission is to create an environment that caters to their physical, social, and psychological needs, ensuring a comfortable and supportive living experience. To fulfill this mission, Stoneman Village II Housing Corporation develops, owns, and operates 60 units of housing specifically designed for this demographic. These projects are regulated by the Department of Housing and Urban Development (HUD), overseeing rent charges and operational methods to ensure affordability and accessibility for those in need.
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Impact
July, 2024
The impact of Stoneman Village II Housing Corporation is providing elderly and disabled persons with low-income housing facilities and services specially designed to meet their physical, social, and psychological needs. Through the development, ownership, and operation of 60 units of low-income housing for this demographic, the organization offers a vital service that helps address the housing needs of vulnerable populations in the community. In doing so, Stoneman Village II Housing Corporation contributes to enhancing the quality of life and well-being of elderly and disabled individuals in Pittsburg, CA, by providing them with secure and affordable housing options tailored to their unique requirements.
This information is meant to be a general summary of Stoneman Village Ii 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 2024.
- Investment Income: $64,967
- Program Service Revenue: $268,381
- Gross Receipts: $1,136,993
Assets and Liabilities:
- Total Assets: $5,114,250
- Total Liabilities: $5,632,784
- Net Assets: -$518,534
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$7,011
TENANT CHARGES
Revenue
$500
TENANT RENTS
Revenue
$260,870
Organization Details
Founding Year
1992
Principal Officer
Jane Stratford
NTEE Category
Code: L210 - Housing
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