Overview
What is Golden Empire Affordable Housing Inc Ii?
Golden Empire Affordable Housing Inc II is a nonprofit organization located in Bakersfield, California, with a specific focus on managing and developing low-income housing facilities. Their mission is to provide affordable living options for elderly individuals and families in need. This includes the development of properties that cater to these demographics, ensuring they have access to safe and comfortable dwellings. The organization is dedicated to this cause, working tirelessly to make a positive impact in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Golden Empire Affordable Housing Inc II has received a Three-Star rating from Charity Navigator, reflecting an overall score of 83%. This rating is based solely on its Accountability & Finance metrics, indicating a strong commitment to financial health and transparency. The organization scores particularly well in having an independent board, with 100% of its members being independent and a solid financial audit process in place.
The charity demonstrates a robust financial structure, with a liabilities to assets ratio of 45.97% and a program expense ratio of 67.63%, ensuring that a significant portion of its funds is directed toward its programs. However, there are areas for improvement, notably the absence of a whistleblower and document retention policy, which could enhance the organization’s governance practices and accountability.
Overall, while Golden Empire Affordable Housing Inc II shows commendable financial management and strong governance through independent board leadership, addressing the gaps in its policies could further bolster its accountability and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Empire Affordable Housing Inc Ii legitimate?
Golden Empire Affordable Housing Inc Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Empire Affordable Housing Inc Ii 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: $27,745
For more financial information, click here
What is the mission statement of Golden Empire Affordable Housing Inc Ii?
Golden Empire Affordable Housing Inc II is dedicated to providing low-income housing, specifically catering to elderly individuals and families in need. Their primary mission involves the management and development of such housing facilities, ensuring that these vulnerable groups have access to suitable and affordable living spaces. The organization's work is instrumental in contributing to a more inclusive and equitable housing landscape, ensuring that low-income individuals can maintain a decent standard of living.
Who is the CEO of Golden Empire Affordable Housing Inc Ii?
Diana Elliott is the President of Golden Empire Affordable Housing Inc Ii.
What is the revenue of Golden Empire Affordable Housing Inc Ii?
Golden Empire Affordable Housing Inc Ii's revenue in 2022 was $949,815.
Who are the executives of Golden Empire Affordable Housing Inc Ii and what are their salaries?
There 7 volunteers at Golden Empire Affordable Housing Inc Ii.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Golden Empire Affordable Housing Inc Ii?
Golden Empire Affordable Housing Inc Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golden Empire Affordable Housing Inc Ii
Golden Empire Affordable Housing Inc II is dedicated to providing low-income housing solutions, focusing on elderly individuals and families in need. This nonprofit organization specializes in the management and development of affordable housing units, ensuring that these vulnerable populations have access to safe and suitable living spaces. By undertaking this mission, Golden Empire Affordable Housing Inc II seeks to contribute to the well-being and stability of its community, providing a much-needed service for those who often face financial hardships.
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Impact
July, 2024
Golden Empire Affordable Housing Inc II's impact lies in providing low-income housing for elderly or low-income families in Bakersfield, CA. Through their management and development of affordable housing units, they play a crucial role in addressing the housing needs of vulnerable populations in the community. Their mission to create safe and affordable housing options contributes to enhancing the quality of life for those who may struggle to find suitable housing options in the area. By offering this vital service, Golden Empire Affordable Housing Inc II helps to ensure that individuals and families have access to stable and secure housing, promoting stability and well-being within the community.
This information is meant to be a general summary of Golden Empire Affordable Housing Inc Ii. 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: $14,899
- Program Service Revenue: $934,916
- Gross Receipts: $949,815
Assets and Liabilities:
- Total Assets: $11,801,882
- Total Liabilities: $5,426,365
- Net Assets: $6,375,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP MNGT FEE
Revenue
$716,278
MISC FEES
Revenue
$143,251
RENT INCOME
Revenue
$75,387
Organization Details
Founding Year
1996
Phone
(661) 633-1533Principal Officer
Diana Elliott
Main Address
601 24TH STREET B, BAKERSFIELD, CA, 93301
NTEE Category
Code: L80Z - Housing
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