Overview
What is Fountain West Apartments Inc?
Fountain West Apartments Inc is a nonprofit organization situated in Fresno, California, dedicated to providing affordable housing for families. Operating under section 236 of the National Housing Act, the corporation manages a 72-unit complex, adhering to HUD regulations regarding rent charges. Their mission is centered around this goal, ensuring low-income families have access to suitable and reasonably priced housing units.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (61%)
Fountain West Apartments Inc has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement based on its accountability and financial practices. With an overall score of 61%, the charity has shown strengths in its program expense ratio, allocating a high 90.10% of its funding towards its programs. This suggests a strong focus on its mission, despite some weaknesses in governance and transparency.
However, the organization faces significant challenges in areas critical for nonprofit governance. Notably, it scored zero points in several categories, including the presence of a conflict of interest policy and the independence of its board members. This lack of independent oversight could raise concerns about its accountability and decision-making processes.
Additionally, while the financial statements have received a perfect score for review or compilation, transparency issues persist, as indicated by the failure to list its website on tax forms and the absence of its tax form on its website. These limitations may hinder public trust and confidence in the organization’s operations. Overall, while Fountain West Apartments Inc demonstrates a commitment to its programs, improvements in governance and transparency are essential for building credibility and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Fountain West Apartments Inc legitimate?
Fountain West Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fountain West 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: $139,076
For more financial information, click here
What is the mission statement of Fountain West Apartments Inc?
Fountain West Apartments Inc's mission is centered around providing affordable housing solutions. Operating under Section 236 of the National Housing Act, the corporation manages a 72-unit complex in an unspecified location. Their mission is to offer this housing at affordable rates while strictly adhering to the rental regulations set by the HUD. The primary objective of Fountain West Apartments Inc is to cater to low-income families, ensuring they have access to suitable living accommodations. The corporation's operations are geared towards addressing the affordable housing needs of its community.
Who is the CEO of Fountain West Apartments Inc?
Blanca Castilleja is the President of Fountain West Apartments Inc.
What is the revenue of Fountain West Apartments Inc?
Fountain West Apartments Inc's revenue in 2023 was $713,033.
Who are the executives of Fountain West Apartments Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $286,450
- Other: $24,462
- Compensation: $0
- Related: $142,464
- Other: $21,019
- Compensation: $0
- Related: $108,072
- Other: $17,770
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fountain West Apartments Inc?
Fountain West Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fountain West Apartments Inc
Fountain West Apartments Inc, as a nonprofit organization, is committed to providing low-income housing. Operating a 72-unit complex in an unspecified location, Fountain West Apartments adheres to the regulations set by HUD under section 236 of the National Housing Act. Their primary mission is to offer affordable housing options, ensuring that rent charges align with these regulations. The corporation's goal is to contribute positively to the housing sector, ensuring that families in need have a place to call home.
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Impact
July, 2024
Fountain West Apartments Inc's impact lies in providing low-income housing for families in Fresno, California through its operation of a 72-unit housing complex. This initiative aligns with the organization's mission to offer affordable housing while complying with HUD regulations on rent charges. By offering housing options to low-income families, Fountain West Apartments Inc plays a vital role in addressing the housing needs of the community and supporting individuals who may otherwise struggle to find suitable accommodation.
This information is meant to be a general summary of Fountain West 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 2023.
- Investment Income: $852
- Program Service Revenue: $481,524
- Gross Receipts: $713,033
Assets and Liabilities:
- Total Assets: $2,842,462
- Total Liabilities: $1,637,430
- Net Assets: $1,205,032
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$14
OTHER INCOME
Revenue
$1,021
TENANT CHARGES
Revenue
$17,471
TENANT RENTS
Revenue
$463,018
Organization Details
Founding Year
1995
Phone
(415) 258-1800Principal Officer
Blanca Castilleja
Main Address
22 Pelican Way, San Rafael, CA, 94901
NTEE Category
Code: L80 - Housing
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