Overview
What is Olive Avenue Apartments Inc?
Olive Avenue Apartments Inc is a nonprofit organization located in San Rafael, California, specifically at 22 Pelican Way, CA 94901. Their primary mission is to offer affordable housing solutions for individuals with chronic mental illnesses, falling under the category of low-income persons. The organization operates a sixteen-unit apartment complex in Novato, California, and its operations are regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operating methods. The main goal of Olive Avenue Apartments Inc is to provide a supportive living environment for those in need, thereby contributing to the community by offering housing solutions for handicapped individuals.
Is Olive Avenue Apartments Inc legitimate?
Olive Avenue Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olive Avenue 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: $41,393
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What is the mission statement of Olive Avenue Apartments Inc?
Olive Avenue Apartments Inc is committed to providing low-income housing for individuals with chronic mental illness. This mission is carried out through the operation of a sixteen-unit apartment complex, regulated by HUD, which ensures affordable rent charges and operating methods. The corporation's primary goal is to offer a living space that is accessible to individuals who may face financial challenges due to their condition. By providing such housing, Olive Avenue Apartments Inc aims to contribute to the well-being and independence of these individuals, thereby enhancing their quality of life.
Who is the CEO of Olive Avenue Apartments Inc?
Chris Kughn is the President of Olive Avenue Apartments Inc.
What is the revenue of Olive Avenue Apartments Inc?
Olive Avenue Apartments Inc's revenue in 2023 was $213,985.
Who are the executives of Olive Avenue Apartments Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Olive Avenue Apartments Inc?
Olive Avenue Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Olive Avenue Apartments Inc
Olive Avenue Apartments Inc, a nonprofit organization, is committed to providing low-income housing for individuals with chronic mental illness. The corporation's mission is to offer a living space that is both affordable and accommodating for these individuals, ensuring they have a safe and secure place to call home. This mission is regulated by the U.S. Department of Housing and Urban Development (HUD), which sets the rent charges and operating methods for the project. Olive Avenue Apartments Inc operates a sixteen-unit apartment complex in Novato, California, specifically catering to this demographic, thereby providing them with much-needed housing support.
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Impact
October, 2024
Olive Avenue Apartments Inc creates a significant impact by providing essential low-income housing specifically tailored for individuals with chronic mental illness in Novato, CA. By operating a 16-unit apartment complex, it addresses a critical need for stable and affordable living options for handicapped persons, contributing to their well-being and independence. The facility adheres to HUD regulations, ensuring that rent charges are manageable and operating methods are efficient. This structured support fosters a sense of community, enhances the quality of life for residents, and empowers them to achieve greater stability, ultimately promoting social inclusivity in the region.
This information is meant to be a general summary of Olive Avenue 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: $126
- Program Service Revenue: $107,275
- Gross Receipts: $213,985
Assets and Liabilities:
- Total Assets: $1,296,436
- Total Liabilities: $1,525,408
- Net Assets: -$228,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CABLE INCOME
Revenue
$4,252
MISCELLANEOUS INCOME
Revenue
$704
TENANT RENTS
Revenue
$102,319
Organization Details
Founding Year
1996
Phone
(415) 258-1800Principal Officer
Chris Kughn
Main Address
22 Pelican Way, San Rafael, CA, 94901
NTEE Category
Code: L21 - Housing
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