Overview
What is El Rio Mobile Home Cooperative Inc?
El Rio Mobile Home Cooperative Inc is a nonprofit organization based in Scotts Valley, California, specifically at 104 Whispering Pines Drive, 95066. Their primary mission is to provide affordable housing opportunities for low and moderate-income families and individuals. To accomplish this, they manage El Rio Mobile Home Park, offering 90 mobile home spaces and three studio units. The cooperative's goal is to facilitate home ownership within the city of Santa Cruz, contributing to the community by providing housing for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
El Rio Mobile Home Cooperative Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 75%. This rating is based solely on the Accountability & Finance category, which indicates the organization is performing reasonably well in its financial practices and governance. The nonprofit has demonstrated strong accountability with an independent board consisting of 100% independent members and good oversight of its financial statements.
The organization excels in several areas, including a high program expense ratio of 82.77%, which signifies that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, El Rio has policies in place regarding conflicts of interest and document retention, which enhances its financial accountability and operational transparency.
However, there is a notable concern with the organization's liabilities to assets ratio, which stands at 71.20%, resulting in a lower score in that specific area. This figure suggests potential financial vulnerabilities, indicating that the organization may have significant liabilities compared to its assets, which could impact its long-term sustainability. Overall, while El Rio Mobile Home Cooperative Inc shows strengths in governance and program spending, attention to its financial health is warranted.
This AI summary has been generated from information found on Charity Navigator.
Is El Rio Mobile Home Cooperative Inc legitimate?
El Rio Mobile Home Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Rio Mobile Home Cooperative 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: $73,218
For more financial information, click here
What is the mission statement of El Rio Mobile Home Cooperative Inc?
El Rio Mobile Home Cooperative Inc's mission is centered around providing affordable housing solutions. Specifically, the cooperative aims to offer home ownership opportunities for individuals and families with moderate to low income levels. To achieve this, El Rio Mobile Home Park Cooperative operates a mobile home park, providing 90 mobile home spaces and three studio units. The cooperative's mission is to contribute positively to the housing landscape, ensuring that a diverse group of individuals can secure a place to call home.
Who is the CEO of El Rio Mobile Home Cooperative Inc?
Shelly D'Amour is the President of El Rio Mobile Home Cooperative Inc.
What is the revenue of El Rio Mobile Home Cooperative Inc?
El Rio Mobile Home Cooperative Inc's revenue in 2022 was $511,643.
Who are the executives of El Rio Mobile Home Cooperative Inc and what are their salaries?
There 20 volunteers at El Rio Mobile Home Cooperative Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for El Rio Mobile Home Cooperative Inc?
El Rio Mobile Home Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of El Rio Mobile Home Cooperative Inc
El Rio Mobile Home Cooperative Inc is a nonprofit organization committed to providing affordable housing solutions. Its mission is to serve low and moderate income families and individuals by operating a mobile home park, offering them 90 mobile home spaces and three studio units. This cooperative aims to make home ownership more accessible, contributing to a more inclusive housing market.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
El Rio Mobile Home Cooperative Inc's impact lies in providing affordable homeownership opportunities to low and moderate-income families and individuals in Santa Cruz. By offering 90 mobile home spaces and three studio units within El Rio Mobile Home Park Cooperative, this organization actively addresses the pressing need for affordable housing in the region. Through their commitment to housing, El Rio Mobile Home Cooperative Inc significantly contributes to improving the lives of individuals and families who may otherwise struggle to find stable and affordable housing options.
This information is meant to be a general summary of El Rio Mobile Home Cooperative 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: $445
- Program Service Revenue: $94,078
- Gross Receipts: $511,643
Assets and Liabilities:
- Total Assets: $2,719,367
- Total Liabilities: $2,009,273
- Net Assets: $710,094
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$48,083
UTILITY INCOME
Revenue
$24,807
MEMBER CHARGES
Revenue
$11,168
MISCELLANEOUS INCOME
Revenue
$6,249
LAUNDRY INCOME
Revenue
$3,771
Organization Details
Founding Year
1987
Phone
(831) 438-5725Principal Officer
Shelly D'Amour
Main Address
104 WHISPERING PINES DRIVE, SCOTTS VALLEY, CA, 95066
NTEE Category
Code: L20Z - Housing
If you are a representative of El Rio Mobile Home Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.