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Cooperativa Las Tres Palmas Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 770489949 ✦ Royal oaks, CA ✦ Designated as a 501(c)(3)

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Overview

What is Cooperativa Las Tres Palmas Inc?

Cooperativa Las Tres Palmas Inc is a nonprofit cooperative situated in Royal Oaks, California, specifically at 31 SAN JUAN RD. Their primary mission is to alleviate government burden by playing a role in providing housing for low-income households. They achieve this by operating a mobile home park, where the residences of cooperative members are situated. This initiative aims to help those in need of affordable housing, contributing positively to the community.

Is Cooperativa Las Tres Palmas Inc legitimate?

Cooperativa Las Tres Palmas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cooperativa Las Tres Palmas 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 Cooperativa Las Tres Palmas Inc?

Cooperativa Las Tres Palmas Inc's mission is centered around alleviating government burden by contributing to the provision of housing for households with low income. This cooperative operates a mobile home park, housing cooperative members' trailers or coaches. Their primary goal is to support individuals and families who fall under the low and very low income categories, providing them with a place to reside.

Who is the CEO of Cooperativa Las Tres Palmas Inc?

Guillermo Fernandez is the President of Cooperativa Las Tres Palmas Inc.

What is the revenue of Cooperativa Las Tres Palmas Inc?

Cooperativa Las Tres Palmas Inc's revenue in 2022 was $179,813.

Who are the executives of Cooperativa Las Tres Palmas Inc and what are their salaries?

There 5 volunteers at Cooperativa Las Tres Palmas Inc.


Here are 5 key members and their salaries:


David Rojas Garcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Prysant (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guillermo Fernandez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ortiz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugo Fernandez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cooperativa Las Tres Palmas Inc?

Cooperativa Las Tres Palmas Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cooperativa Las Tres Palmas Inc

Cooperativa Las Tres Palmas Inc, as a cooperative, is dedicated to alleviating the responsibility of the government by contributing to the provision of housing for low-income households. The organization operates a mobile home park, hosting the residences of its cooperative members who fall into the low-income and very low-income categories. By doing so, Cooperativa Las Tres Palmas Inc plays a significant role in lessening the burden on the government in terms of housing provisions for these vulnerable groups.

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Impact




October, 2024

Cooperativa Las Tres Palmas Inc plays a vital role in enhancing the quality of life for low and very low-income households in Royal Oaks, CA, by providing affordable housing solutions. By operating a mobile home park, the cooperative supports residents in achieving stable living conditions, which is crucial for their overall well-being. This initiative not only offers immediate shelter but also fosters a sense of community among residents, promoting social cohesion.

The cooperativa lessens the burden on government resources by addressing housing needs directly, allowing local and state agencies to allocate resources more effectively. Furthermore, by encouraging cooperative member ownership, it empowers individuals and families, promoting a sense of investment in their living environment. This model also helps in maintaining affordable housing options amidst rising costs, ensuring that vulnerable populations have access to safe and secure homes. Overall, Cooperativa Las Tres Palmas Inc significantly contributes to both individual financial stability and broader community development.




This information is meant to be a general summary of Cooperativa Las Tres Palmas 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.

Revenue
$179,813 (2022)
Expenses
$120,940 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $229
  • Program Service Revenue: $179,584
  • Gross Receipts: $179,813

Assets and Liabilities:

  • Total Assets: $834,807
  • Total Liabilities: $359,981
  • Net Assets: $474,826

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$174,559

UTILITY INCOME

Revenue

$5,025

Organization Details

Founding Year

1998

Principal Officer

Guillermo Fernandez

Main Address

31 SAN JUAN RD, Royal Oaks, CA, 95076

NTEE Category

Code: L20 - Housing

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