Overview
What is Valentine Court I Inc?
Valentine Court I Inc is a nonprofit organization situated in San Luis Obispo, California, with an address at 1060 Kendall Road. Their primary focus is providing 35 units of affordable housing for the elderly and individuals with disabilities, adhering to the National Housing Act of 1959. Beyond housing, they are committed to supporting low-income families, seniors, and other special needs groups on California's Central Coast through programs that promote self-sufficiency.
Official website here: www.pshhc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Star Rating)
Valentine Court I Inc has received a low rating of 36%, which corresponds to a Zero-Star designation. This rating is primarily derived from the organization's accountability and financial practices, highlighting significant concerns regarding its operational transparency and effectiveness. While the charity boasts a fully independent board with no material diversion of assets, it fails to establish crucial policies such as a conflict of interest policy and a whistleblower policy, which are essential for ensuring ethical governance.
The organization has performed well in some areas, such as having a majority of independent board members and maintaining accurate board meeting minutes. However, the absence of essential documents related to policy and a concerning program expense ratio of 0.00% raises flags about its financial health and commitment to fulfilling its mission. These factors contribute to a lack of confidence in the charity's ability to effectively allocate resources towards its programs.
Overall, while Valentine Court I Inc shows strengths in board independence and asset management, the glaring gaps in governance policies and program expenditures suggest significant limitations. Potential donors and stakeholders should approach with caution, considering the charity's low overall score and lack of demonstrated impact.
This AI summary has been generated from information found on Charity Navigator.
Is Valentine Court I Inc legitimate?
Valentine Court I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valentine Court I 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.pshhc.org
What is the mission statement of Valentine Court I Inc?
Valentine Court I Inc's mission is centered around providing affordable housing and supporting programs that foster self-sufficiency for low-income families, seniors, and individuals with special needs, specifically in California's Central Coast. Their primary goal is to create an environment that encourages independence and improves the quality of life for these groups. To achieve this, they offer rental housing and implement programs aimed at fostering self-sufficiency. This approach is aligned with the National Housing Act of 1959, which highlights their commitment to providing housing for the elderly and handicapped.
Official website here: www.pshhc.org
Who is the CEO of Valentine Court I Inc?
Kenneth Trigueiro is the President of Valentine Court I Inc.
Official website here: www.pshhc.org
What is the revenue of Valentine Court I Inc?
Valentine Court I Inc's revenue in 2022 was $53,566.
Official website here: www.pshhc.org
Who are the executives of Valentine Court I Inc and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.pshhc.org
Where can I find the form 990 for Valentine Court I Inc?
Valentine Court I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pshhc.org
Learn more at the official website: www.pshhc.org
Mission Statement of Valentine Court I Inc
Valentine Court I Inc, a nonprofit organization, is dedicated to providing affordable housing and programs that foster self-sufficiency for low-income families, seniors, and other special needs groups residing on California's Central Coast. Their mission is multi-faceted, encompassing the provision of housing and resources that empower individuals to rise above their circumstances and lead independent lives.
In line with this mission, Valentine Court I Inc has established 35 units of rental housing specifically tailored for the elderly and individuals with disabilities, adhering to the National Housing Act of 1959. This housing initiative not only provides a safe and affordable living space but also serves as a foundation for the individuals residing there to build upon, ultimately working towards self-sufficiency. By offering such housing options, Valentine Court I Inc is instrumental in addressing the critical need for affordable living arrangements for vulnerable groups in the community.
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Impact
August, 2024
Valentine Court I Inc's impact is evident in its provision of 35 units of rental housing to the elderly and handicapped population in San Luis Obispo, California. By adhering to the National Housing Act of 1959, they are addressing the critical need for affordable housing for vulnerable groups in the community. Through their mission to provide affordable housing and programs that promote self-sufficiency, they are making a tangible difference in the lives of low-income families, seniors, and other special needs groups on California's Central Coast. Their focus on human services underscores their commitment to improving the well-being and stability of those they serve.
This information is meant to be a general summary of Valentine Court I 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: $53,566
- Gross Receipts: $53,566
Assets and Liabilities:
- Total Assets: $2,454,777
- Total Liabilities: $915
- Net Assets: $2,453,862
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Organization Details
Phone
(805) 781-3088Principal Officer
Kenneth Trigueiro
Main Address
1060 Kendall Road, SAN LUIS OBISPO, CA, 93401
Website
www.pshhc.orgNTEE Category
Code: P80 - Human services
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