Overview
What is Arastradero Park Apartments Corporation?
Arastradero Park Apartments Corporation is a nonprofit organization situated in Palo Alto, California, with an address at 3460 W Bayshore Road 104. Their primary mission is to provide affordable housing for low to moderate income individuals. They accomplish this by operating an apartment complex consisting of 66 units, in compliance with Section 236 of the National Housing Act and Section 8 of the United States Housing Act of 1937. The organization's purpose is to acquire property and manage it to offer suitable living spaces to those in need.
Official website here: www.altahousing.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Arastradero Park Apartments Corporation has received a solid Three-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial management. The organization achieved an impressive score of 81% in its Accountability & Finance category, demonstrating effective governance and transparency practices that are essential for fostering donor trust.
The nonprofit benefits from a fully independent board, with all eight members meeting independence criteria, and it has a robust audit and oversight committee in place. Additionally, the organization scores exceptionally well on several key indicators, including having no material diversion of assets and maintaining comprehensive policies on conflicts of interest and whistleblowing. These strengths reflect a well-structured organization that prioritizes ethical practices and accountability.
While the ratings indicate a high level of operational integrity, potential donors may want to consider the organization's overall impact and effectiveness in achieving its mission, as no specific information on program outcomes or community impact is provided in the financial data. Overall, Arastradero Park Apartments Corporation is portrayed as a financially responsible nonprofit with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Arastradero Park Apartments Corporation legitimate?
Arastradero Park Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arastradero Park Apartments Corporation 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: $165,161
For more financial information, click here
Official website here: www.altahousing.org/
What is the mission statement of Arastradero Park Apartments Corporation?
Arastradero Park Apartments Corporation was established with the primary objective of acquiring an interest in real property and operating an apartment complex. This complex, consisting of 66 units, is managed under Section 236 of the National Housing Act and Section 8 of the United States Housing Act of 1937. The organization's mission is centered around providing housing solutions, specifically for individuals with modest to moderate incomes. It operates the apartment complex, ensuring it serves as a living space for this particular demographic. The apartment complex under Arastradero Park Apartments Corporation plays a significant role in providing affordable housing options, contributing to a more inclusive and diverse community.
Official website here: www.altahousing.org/
Who is the CEO of Arastradero Park Apartments Corporation?
Randal Tsuda is the Chair of Arastradero Park Apartments Corporation.
Official website here: www.altahousing.org/
What is the revenue of Arastradero Park Apartments Corporation?
Arastradero Park Apartments Corporation's revenue in 2022 was $1,452,316.
Official website here: www.altahousing.org/
Who are the executives of Arastradero Park Apartments Corporation and what are their salaries?
There 5 volunteers at Arastradero Park Apartments Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $278,200
- Other: $61,549
- Compensation: $0
- Related: $193,145
- Other: $50,536
Official website here: www.altahousing.org/
Where can I find the form 990 for Arastradero Park Apartments Corporation?
Arastradero Park Apartments Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.altahousing.org/
Learn more at the official website: www.altahousing.org/
Mission Statement of Arastradero Park Apartments Corporation
Arastradero Park Apartments Corporation, established with the purpose of acquiring real property, operates an apartment complex of 66 units. This organization is committed to serving low to moderate income individuals, adhering to both Section 236 of the National Housing Act and Section 8 of the United States Housing Act of 1937. The mission of Arastradero Park Apartments Corporation is to provide affordable housing options for its residents, ensuring they have access to comfortable living spaces within this apartment complex. By doing so, the organization contributes to the overall well-being of the community, making housing a more attainable goal for those who may otherwise struggle with affordability.
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Impact
July, 2024
Arastradero Park Apartments Corporation's impact is focused on providing affordable housing options for low to moderate-income individuals in Palo Alto, California. The organization operates an apartment complex with 66 units under Section 236 of the National Housing Act and Section 8 of the United States Housing Act of 1937. By offering these affordable housing units, Arastradero Park Apartments Corporation plays a crucial role in addressing the housing needs of individuals who may struggle to find affordable housing in the region. Their work directly contributes to promoting socioeconomic diversity and stability in the community.
This information is meant to be a general summary of Arastradero Park Apartments Corporation. 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: $2,163
- Program Service Revenue: $811,265
- Gross Receipts: $1,452,316
Assets and Liabilities:
- Total Assets: $5,425,911
- Total Liabilities: $6,722,778
- Net Assets: -$1,296,867
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$794,985
OTHER
Revenue
$16,280
Organization Details
Founding Year
1995
Phone
(650) 321-9709Principal Officer
Randal Tsuda
Main Address
3460 W BAYSHORE ROAD 104, PALO ALTO, CA, 94303
Website
www.altahousing.org/NTEE Category
Code: L200 - Housing
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