Overview
What is Golden Empire Affordable Housing Inc?
Golden Empire Affordable Housing Inc is a nonprofit organization committed to addressing housing needs for elderly individuals and low-income families. They achieve this mission through the management and development of affordable housing programs. Their primary focus is to offer affordable living solutions, ensuring that those in need have a place to call home. This organization plays a crucial role in enhancing the livelihoods of vulnerable populations by providing them with secure and comfortable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Golden Empire Affordable Housing Inc demonstrates a solid performance with a 75% rating, indicating a moderate level of accountability and financial health. The charity is particularly strong in governance, with 100% of its board members being independent, which suggests an effective oversight structure. Additionally, it has received full marks for the audit of its financial statements, ensuring transparency in its financial practices.
The organization also shows a good liabilities to assets ratio of 1.12%, reflecting low financial risk. However, its program expense ratio of 64.23% is somewhat lower than ideal, indicating that a significant portion of expenses may be going towards administrative costs rather than direct program services. This could be a point of concern for potential donors interested in maximizing their contributions' impact.
Overall, while Golden Empire Affordable Housing Inc holds a commendable rating and shows strengths in governance and financial management, it may benefit from focusing more on channeling a higher percentage of its expenses directly into programs to enhance its service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Empire Affordable Housing Inc legitimate?
Golden Empire Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Empire Affordable Housing 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: $497,743
For more financial information, click here
What is the mission statement of Golden Empire Affordable Housing Inc?
Golden Empire Affordable Housing Inc is committed to providing low-income housing solutions for elderlies and families in need. Through their management and development programs, they offer housing that is affordable for individuals with limited financial resources. Their mission is to contribute positively to the community by ensuring that these vulnerable groups have a stable and secure living environment. By focusing on affordable housing, Golden Empire Affordable Housing Inc aims to alleviate some of the financial burdens faced by low-income families, enabling them to invest in other essential aspects of their lives.
Who is the CEO of Golden Empire Affordable Housing Inc?
Stephen Pelz is the Chair of Golden Empire Affordable Housing Inc.
What is the revenue of Golden Empire Affordable Housing Inc?
Golden Empire Affordable Housing Inc's revenue in 2022 was $1,054,232.
Who are the executives of Golden Empire Affordable Housing Inc and what are their salaries?
The average compensation at Golden Empire Affordable Housing Inc during 2022 was $31,109. There are 16 employees and 7 volunteers at Golden Empire Affordable Housing Inc.
Here are 8 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
Where can I find the form 990 for Golden Empire Affordable Housing Inc?
Golden Empire Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golden Empire Affordable Housing Inc
Golden Empire Affordable Housing Inc is dedicated to providing affordable housing solutions for elderly individuals and low-income families. Their mission is accomplished through various management and development programs. By offering low-income housing options, this nonprofit organization aims to contribute to the well-being of vulnerable communities by ensuring they have a safe and stable place to call home. Golden Empire Affordable Housing Inc's commitment to providing affordable housing not only meets the basic needs of its residents but also contributes to their overall quality of life.
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
Golden Empire Affordable Housing Inc provides essential low-income housing for elderly and low-income families in Bakersfield, California. Through its management and development programs, the organization is making a significant impact by offering safe and affordable housing options to those who might otherwise struggle to find suitable accommodation. By fulfilling this crucial need, Golden Empire Affordable Housing Inc is helping to support vulnerable individuals and families in the community, ultimately contributing to the overall well-being and stability of Bakersfield.
This information is meant to be a general summary of Golden Empire Affordable Housing 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: $120,470
- Program Service Revenue: $693,976
- Gross Receipts: $1,054,232
Assets and Liabilities:
- Total Assets: $8,593,739
- Total Liabilities: $97,960
- Net Assets: $8,495,779
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.
CONSULTING FEE
Revenue
$574,931
PARTNERSHIP MGT FEE
Revenue
$111,476
RENT INCOME
Revenue
$7,569
Organization Details
Founding Year
1992
Phone
(661) 633-1533Principal Officer
Stephen Pelz
Main Address
601 24TH STREET B, BAKERSFIELD, CA, 93301
NTEE Category
Code: L80Z - Housing
If you are a representative of Golden Empire Affordable Housing 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.