Overview
What is La Riviera Inc?
La Riviera Inc is a nonprofit organization situated in Fairfield, California. Their primary mission is to provide affordable housing solutions for low-income families. Through their programs, they focus on increasing the availability of affordable housing by engaging in affordable housing development, property management, resident services, and advocacy. By doing so, La Riviera Inc aims to contribute to the community by ensuring that low-income families have access to secure and affordable living spaces.
Official website here: www.chochousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating. This rating reflects La Riviera Inc's performance primarily in the areas of accountability and finance, indicating a solid level of financial health and governance practices.
The organization exhibits strengths such as having a fully independent board and a strong commitment to maintaining proper governance policies, including conflict of interest and document retention policies. Its program expense ratio is commendable at 100%, suggesting that all funding is directed towards its mission-related activities, which is a significant positive aspect.
However, there are limitations to note, particularly concerning its liabilities to assets ratio of 152.16%, which raises concerns about financial stability. Additionally, the absence of a whistleblower policy is a notable gap in their governance framework. Overall, while La Riviera Inc demonstrates strong accountability practices, improvement in financial management and governance policies could enhance its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is La Riviera Inc legitimate?
La Riviera Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Riviera 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.
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Official website here: www.chochousing.org
What is the mission statement of La Riviera Inc?
La Riviera Inc's mission revolves around providing affordable housing solutions for low-income families. Their programs are centered around increasing the supply of affordable housing through various means such as affordable housing development, property management, resident services, and advocacy. By doing so, they aim to make a significant impact in the lives of those in need, ensuring they have access to decent and affordable housing. Their activities extend beyond just providing housing, also involving resident services and advocacy to further support and empower the families they serve.
Official website here: www.chochousing.org
Who is the CEO of La Riviera Inc?
Peter Lundberg is the Principal Officer of La Riviera Inc.
Official website here: www.chochousing.org
What is the revenue of La Riviera Inc?
La Riviera Inc's revenue in 2021 was $80,830.
Official website here: www.chochousing.org
Who are the executives of La Riviera Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.chochousing.org
Where can I find the form 990 for La Riviera Inc?
La Riviera Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.chochousing.org
Learn more at the official website: www.chochousing.org
Mission Statement of La Riviera Inc
La Riviera Inc, a nonprofit organization, is committed to providing an increased supply of affordable housing for low-income families. Their missions encompass affordable housing development, property management, resident services, and advocacy. By implementing these programs, La Riviera Inc aims to make affordable housing an accessible solution for families who fall under the low-income bracket. Their efforts are multifaceted, ensuring that they address every aspect of affordable housing, from development to management, and from resident support to advocacy in policy-making. La Riviera Inc's ultimate goal is to make a significant impact on the lives of low-income families, providing them with a stable and affordable living environment.
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Impact
October, 2024
La Riviera Inc significantly impacts the community of Fairfield, CA, by addressing the critical need for affordable housing among low-income families. By developing and managing affordable housing options, the organization increases the availability of safe and stable living environments for families struggling to find suitable housing within their financial means.
Through its comprehensive approach, La Riviera Inc not only focuses on construction but also offers resident services and advocacy, ensuring that families receive the support they need to thrive. This holistic model contributes to community stability, enhances residents' quality of life, and fosters a sense of belonging among families. The work of La Riviera Inc is essential in tackling housing insecurity, ultimately promoting economic stability and well-being in the region.
This information is meant to be a general summary of La Riviera 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 2021.
- Investment Income: $515
- Program Service Revenue: $80,315
- Gross Receipts: $80,830
Assets and Liabilities:
- Total Assets: $3,049,871
- Total Liabilities: $2,970,041
- Net Assets: $79,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$80,315
Organization Details
Founding Year
1996
Phone
(707) 759-6043Principal Officer
Peter Lundberg
Main Address
5030 BUSINESS CENTER DRIVE 260, FAIRFIELD, CA, 94534
Website
www.chochousing.orgNTEE Category
Code: L20 - Housing
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