Overview
What is Atrium Apartments Inc?
Atrium Apartments Inc, located in Santa Barbara, California, is a nonprofit organization dedicated to providing housing solutions for individuals with moderate to low incomes. Their mission is centered around this primary objective, aiming to offer suitable living spaces for this demographic. The organization's activities and purpose are consistently focused on delivering this essential service, ensuring that a wide range of people have access to secure and affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Atrium Apartments Inc has received a commendable Four-Star rating from Charity Navigator, highlighting its excellence in accountability and finance. The overall score reflects a strong emphasis on financial transparency and governance, with 100% of its board members being independent. This indicates a robust commitment to ethical management and oversight.
The organization excels in several key areas, including a perfect score for having no material diversion of assets and comprehensive conflict of interest and whistleblower policies. Their financial practices are also impressive, with a high program expense ratio of 96.58%, demonstrating that the majority of their resources are effectively directed toward their programs and services.
However, the organization has a liabilities to assets ratio of 55.93%, which, while acceptable, suggests that it may have a moderate level of debt compared to its assets. Overall, Atrium Apartments Inc shows a solid commitment to responsible financial management, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Atrium Apartments Inc legitimate?
Atrium Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atrium 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: $0
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What is the mission statement of Atrium Apartments Inc?
Atrium Apartments Inc, as a mission, is dedicated to serving individuals with modest to moderate income levels by providing them with suitable housing solutions. The company's primary objective is to ensure that these individuals have access to comfortable living spaces. This commitment is reflected in all their activities, which are centered around providing housing for this specific income demographic. By doing so, they contribute to improving the living conditions of a significant portion of the population. While Atrium Apartments Inc may engage in various projects and initiatives, their core mission remains unchanged: to provide affordable housing for low to moderate income individuals.
Who is the CEO of Atrium Apartments Inc?
Cindy Young is the Executive Director of Atrium Apartments Inc.
What is the revenue of Atrium Apartments Inc?
Atrium Apartments Inc's revenue in 2022 was $189,143.
Who are the executives of Atrium Apartments Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $139,955
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Where can I find the form 990 for Atrium Apartments Inc?
Atrium Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Atrium Apartments Inc
Atrium Apartments Inc, as stated in its mission, is committed to providing housing solutions for individuals with moderate to low income levels. This mission is a fundamental part of the organization's operations, aiming to make a significant impact in the lives of those who may otherwise struggle with affordable housing. By offering housing opportunities, Atrium Apartments Inc contributes to the well-being and stability of its residents, allowing them to focus on other aspects of their lives. The organization's mission is a testament to its dedication to social equity and ensuring that everyone, regardless of their income level, has a place to call home.
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Impact
October, 2024
Atrium Apartments Inc has a significant impact on the community by addressing the critical need for affordable housing for low to moderate-income individuals. Located in Santa Barbara, California, Atrium Apartments Inc plays a vital role in ensuring that vulnerable populations have access to safe and stable living conditions. By providing housing solutions, the organization helps to alleviate homelessness and housing insecurity, fostering a sense of community and stability for its residents. The work of Atrium Apartments Inc not only enhances the quality of life for individuals and families but also contributes to the overall well-being and economic health of the region.
This information is meant to be a general summary of Atrium 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 2022.
- Investment Income: $718
- Program Service Revenue: $188,425
- Gross Receipts: $189,143
Assets and Liabilities:
- Total Assets: $939,204
- Total Liabilities: $525,360
- Net Assets: $413,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY/VENDING/OTHER
Revenue
$2,948
RENTAL INCOME
Revenue
$185,477
Organization Details
Founding Year
1987
Phone
(805) 963-9644Principal Officer
Cindy Young
Main Address
11 EAST HALEY ST, SANTA BARBARA, CA, 93101
NTEE Category
Code: L20 - Housing
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