Overview
What is Bath Street Apartments Inc?
Bath Street Apartments Inc is a California-based nonprofit organization, specifically a public benefit corporation, situated in Santa Barbara, California. Their primary mission is to manage and maintain a 12-unit apartment complex that serves individuals of low to moderate income. This nonprofit organization purchased the apartment complex and a portion of the rental revenue from tenants is subsidized by the Housing Authority under Section 8. The complex provides housing for low-income and other disadvantaged individuals, contributing to the community by offering affordable housing options.
Is Bath Street Apartments Inc legitimate?
Bath Street Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bath Street 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
For more financial information, click here
What is the mission statement of Bath Street Apartments Inc?
Bath Street Apartments Inc, as a California non-profit organization, purchases and manages a 12-unit apartment complex to serve individuals with low to moderate income. The organization's primary objective is to provide affordable housing, with approximately 9% of the rental revenue subsidized by the Housing Authority under Section 8. The complex caters to low-income and disadvantaged individuals, ensuring they have access to suitable housing. The organization's mission is to manage and maintain the property, ensuring it remains a comfortable and viable living space for its residents. Bath Street Apartments Inc aims to contribute positively to its community by providing affordable housing options, thereby addressing a crucial need for many individuals.
Who is the CEO of Bath Street Apartments Inc?
Cindy Young is the Executive Director of Bath Street Apartments Inc.
What is the revenue of Bath Street Apartments Inc?
Bath Street Apartments Inc's revenue in 2022 was $168,138.
Who are the executives of Bath Street Apartments Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $139,955
- 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 Bath Street Apartments Inc?
Bath Street Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bath Street Apartments Inc
Bath Street Apartments Inc, a California-based non-profit organization, is dedicated to serving individuals of low to moderate income. Its mission is reflected in the acquisition of a 12-unit apartment complex, which it manages with a commitment to social responsibility. Approximately 9% of the rental revenue from tenants is subsidized through Section 8 housing authority, underscoring its commitment to making housing accessible for disadvantaged individuals. The entire complex operates with the primary goal of providing affordable housing, catering to a diverse range of low-income residents. Bath Street Apartments Inc's mission is to operate and maintain this apartment building with care and consideration, ensuring it remains a viable and supportive living space for its residents.
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
October, 2024
Bath Street Apartments Inc has a significant impact on the community by providing essential housing for low to moderate-income individuals and families in Santa Barbara, California. By operating and maintaining a 12-unit apartment complex, the organization addresses the critical need for affordable housing in an area where such options are often limited.
Approximately 9% of the rental revenue is subsidized by the housing authority under Section 8, making these apartments accessible to those who might otherwise struggle to secure stable housing. As a result, the organization plays a crucial role in supporting disadvantaged individuals, helping them achieve stability and improve their quality of life.
By focusing on the needs of low-income residents, Bath Street Apartments Inc not only contributes to housing security but also fosters community resilience, allowing residents greater access to opportunities for personal and financial growth. The organization’s presence in Santa Barbara helps combat the challenges of housing affordability, giving many a chance to thrive in a supportive environment.
This information is meant to be a general summary of Bath Street 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: $2,645
- Program Service Revenue: $165,493
- Gross Receipts: $168,138
Assets and Liabilities:
- Total Assets: $1,113,416
- Total Liabilities: $1,553,165
- Net Assets: -$439,749
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.
LAUNDRY ETC. INCOME
Revenue
$1,429
RENTAL INCOME
Revenue
$164,064
Organization Details
Founding Year
1989
Phone
(805) 963-9644Principal Officer
Cindy Young
Main Address
11 EAST HALEY STREET, SANTA BARBARA, CA, 93101
NTEE Category
Code: L21 - Housing
If you are a representative of Bath Street Apartments 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.