Overview
What is Treehouse Senior Apartments Inc?
Treehouse Senior Apartments Inc is a nonprofit organization that focuses on addressing the need for affordable housing. Based in Walnut Creek, California, they operate a 62-unit apartment complex, which is subsidized by HUD. This housing facility serves as a vital resource for low-income individuals, contributing to the local community by providing them with a place to live at an affordable price. The organization's mission is deeply rooted in the provision of affordable housing, making a significant impact on the lives of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, Overall Score: 67%)
Treehouse Senior Apartments Inc shows strengths in governance, with 100% independent board members and a solid program expense ratio of 91.69%. This indicates a strong commitment to directing resources toward their programs. They have also demonstrated sound financial oversight with no material diversion of assets, which is a positive indicator for accountability and trustworthiness.
However, the organization has notable areas for improvement, particularly in its financial policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns regarding transparency and governance practices. Additionally, the high liabilities to assets ratio of 228.33% suggests potential financial instability, which could be alarming for stakeholders and donors.
While Treehouse Senior Apartments Inc is performing well in certain aspects, the lack of essential policies and the concerning financial ratios indicate that there is significant room for improvement to enhance their operational integrity and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Treehouse Senior Apartments Inc legitimate?
Treehouse Senior Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Treehouse Senior Apartments 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: $190,034
For more financial information, click here
What is the mission statement of Treehouse Senior Apartments Inc?
Treehouse Senior Apartments Inc, as an organization, is dedicated to providing low-income housing solutions. They operate a 62-unit apartment complex, which is subsidized by HUD, with the primary goal of making affordable housing available. Their mission is centered around this provision, aiming to contribute positively to the housing needs of individuals in need of affordable housing options. The apartment complex is situated in Walnut Creek, California, but the mission statement focuses on the service provision rather than the specific location.
What is the revenue of Treehouse Senior Apartments Inc?
Treehouse Senior Apartments Inc's revenue in 2024 was $694,893.
Who are the executives of Treehouse Senior Apartments Inc and what are their salaries?
The average compensation at Treehouse Senior Apartments Inc during 2024 was $38,007. There are 5 employees and 7 volunteers at Treehouse Senior Apartments Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Treehouse Senior Apartments Inc?
Treehouse Senior Apartments Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Treehouse Senior Apartments Inc
Treehouse Senior Apartments Inc, as its mission statement suggests, is dedicated to providing affordable housing for individuals with low income. Situated in Walnut Creek, CA, this nonprofit organization operates a 62-unit apartment complex, which is subsidized by HUD. This housing initiative aims to make living accommodations more accessible for those who may not otherwise be able to afford them, thereby contributing to a more inclusive and equitable community.
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Impact
July, 2024
Treehouse Senior Apartments Inc's impact lies in providing essential low-income housing to senior citizens in Walnut Creek, CA. Through its operation of a 62-unit apartment complex subsidized by HUD, Treehouse Senior Apartments offers affordable housing options to those in need. This initiative directly addresses the pressing issue of housing affordability for seniors in the community, ensuring that vulnerable individuals have a safe and comfortable place to call home.
This information is meant to be a general summary of Treehouse Senior Apartments 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 2024.
- Investment Income: $1,720
- Program Service Revenue: $238,077
- Gross Receipts: $694,893
Assets and Liabilities:
- Total Assets: $1,870,877
- Total Liabilities: $4,271,920
- Net Assets: -$2,401,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry & other revenue
Revenue
$4,552
Rents
Revenue
$233,525
Organization Details
Founding Year
1995
Principal Officer
John P Wilson
NTEE Category
Code: L22 - Housing
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