Overview
What is Cecilia Place Homes Inc?
Cecilia Place Homes Inc is a nonprofit organization based in San Rafael, California, with an address at 22 Pelican Way, CA 94901. The primary mission of this organization is to contribute to the charitable objectives of EAH Inc., a California-based nonprofit public benefit corporation. Cecilia Place Homes Inc achieves this goal by serving as the general partner for five limited partnerships that offer low-income housing in various locations across California, including Tiburon, Larkspur, Morgan Hill, San Jose, and Menlo Park. The organization is also a 75% owner of a C corporation acting as a general partner for a limited partnership that provides low-income housing in San Jose. Through these partnerships, Cecilia Place Homes Inc aims to contribute to the housing needs of low-income individuals in California.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star Rating
Cecilia Place Homes Inc has received a low rating of 53% from Charity Navigator, indicating significant areas of concern regarding its accountability and financial practices. The organization has a notably independent board, with 0% of its members classified as independent, which raises questions about governance and oversight. However, the charity has successfully avoided any material diversion of assets, scoring a perfect 10 out of 10 in that category.
The organization excels in program expenses, with a 100% program expense ratio, indicating that all of its expenses are directed towards its programs. Yet, it lacks several critical governance policies, including a conflict of interest policy, whistleblower policy, and a document retention policy, all of which scored zero points. Additionally, the absence of its website on the tax form and the failure to post tax forms on its website further contribute to its low transparency rating.
Overall, while Cecilia Place Homes Inc demonstrates a strong commitment to program spending, the lack of independent oversight and missing governance policies significantly detract from its overall rating and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cecilia Place Homes Inc legitimate?
Cecilia Place Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cecilia Place Homes 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: $0
For more financial information, click here
What is the mission statement of Cecilia Place Homes Inc?
Cecilia Place Homes Inc, as a charitable organization, is committed to carrying out the charitable purposes of EAH Inc., a California nonprofit public benefit corporation. Their primary function is to provide low-income housing through various partnerships. They manage five limited partnerships in different California locations, offering housing units in Tiburon, Larkspur, Morgan Hill, San Jose, and Menlo Park. Additionally, they hold a 75% stake in a C corporation that serves as the general partner for a limited partnership providing low-income housing in San Jose.
Who is the CEO of Cecilia Place Homes Inc?
Cathy Macy is the Secretary/Treas of Cecilia Place Homes Inc.
What is the revenue of Cecilia Place Homes Inc?
Cecilia Place Homes Inc's revenue in 2022 was $483,884.
Who are the executives of Cecilia Place Homes Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $591,118
- Other: $41,676
- Compensation: $0
- Related: $418,349
- Other: $27,052
- Compensation: $0
- Related: $372,185
- Other: $39,392
Where can I find the form 990 for Cecilia Place Homes Inc?
Cecilia Place Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cecilia Place Homes Inc
Cecilia Place Homes Inc, as a charitable organization, is committed to carrying out the charitable purposes of EAH Inc., a California nonprofit public benefit corporation. The mission of Cecilia Place Homes Inc is to perform charitable functions by providing low-income housing units through five limited partnerships in various locations such as Tiburon, Larkspur, Morgan Hill, San Jose, and Menlo Park, with a total of 221 units. Additionally, the corporation serves as a 75% owner of a C corporation that manages a limited partnership providing 185 units of low-income housing in San Jose. By offering affordable housing options, Cecilia Place Homes Inc contributes to the well-being of individuals and families in need, thereby fulfilling its charitable mission.
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Impact
July, 2024
Cecilia Place Homes Inc's impact lies in providing low-income housing in various California communities, including Tiburon, Larkspur, Morgan Hill, San Jose, and Menlo Park. By serving as a general partner for multiple limited partnerships, as well as owning a percentage of a C corporation that oversees additional housing units, Cecilia Place Homes Inc significantly contributes to addressing the housing needs of vulnerable populations. Through these efforts, the organization plays a crucial role in promoting affordable housing and improving the quality of life for individuals and families in need.
This information is meant to be a general summary of Cecilia Place Homes 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.
- Investment Income: $98
- Program Service Revenue: $484,974
- Gross Receipts: $483,884
Assets and Liabilities:
- Total Assets: $2,670,780
- Total Liabilities: $1,320,411
- Net Assets: $1,350,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCABLE SHARE PS RENTS
Revenue
$248,375
INCENTIVE MGMT FEES
Revenue
$165,677
PARTNERSHIP MGMT FEES
Revenue
$70,922
Organization Details
Founding Year
1995
Phone
(415) 258-1800Principal Officer
Cathy Macy
Main Address
22 Pelican Way, San Rafael, CA, 94901
NTEE Category
Code: B90 - Education
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