Overview
What is 150 Hooper Inc?
150 Hooper Inc, a nonprofit organization based in San Francisco, California, focuses on real estate development and management, specifically providing property management services for a 54,000 square foot industrial building. Their primary mission is to create and sustain affordable manufacturing jobs for urban residents by offering functional, accessible, and reasonably priced real estate for manufacturing businesses, which is crucial amidst the rising costs of the real estate market. The organization currently employs a team of two individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
150 Hooper Inc has achieved an overall score of 81%, indicating a solid level of accountability and financial management. This rating is based entirely on their Accountability & Finance metrics, which reflect the organization’s commitment to operational integrity. The high score suggests that the nonprofit is effectively managed and adheres to best practices in governance and financial practices.
Strengths identified in the evaluation include a fully independent board with all members meeting the independence criteria, demonstrating strong governance. The organization also excels in financial oversight, with all required policies and practices in place, including a whistleblower policy and regular board meeting documentation. Furthermore, an impressive program expense ratio of 97.61% indicates that the vast majority of their funds are directed towards their mission-related activities.
However, the organization has a liabilities to assets ratio of 66.98%, which may raise some concerns about financial stability. While this metric does not detract significantly from their overall positive rating, it is an area that potential donors and stakeholders may want to monitor closely. Overall, 150 Hooper Inc shows strong accountability and financial practices, making it a reliable choice for supporters looking to contribute to a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is 150 Hooper Inc legitimate?
150 Hooper Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 150 Hooper 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: $50,243
For more financial information, click here
What is the mission statement of 150 Hooper Inc?
150 Hooper Inc's mission is centered around sustaining and expanding manufacturing jobs for urban residents. To achieve this, the organization develops and manages functional, accessible, and affordable real estate for manufacturing businesses. Specifically, their mission is to offer below-market manufacturing space to support jobs for individuals from low-income communities. This endeavor is crucial in addressing the rising costs of the real estate market, which has been impacting the manufacturing sector.
Who is the CEO of 150 Hooper Inc?
Linda Becker is the Board President of 150 Hooper Inc. The CEO's salary of 150 Hooper Inc is $0 and their total compensation is $175,000.
What is the revenue of 150 Hooper Inc?
150 Hooper Inc's revenue in 2022 was $835,798.
Who are the executives of 150 Hooper Inc and what are their salaries?
The average compensation at 150 Hooper Inc during 2022 was $25,122. There are 2 employees at 150 Hooper Inc.
Here are 7 key members and their salaries (150 Hooper Inc's CEO's salary is $0 and their total compensation is $175,000):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $189,280
- Other: $0
- Compensation: $0
- Related: $175,000
- Other: $0
Where can I find the form 990 for 150 Hooper Inc?
150 Hooper Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 150 Hooper Inc
150 Hooper Inc, a nonprofit organization, is committed to sustaining and growing manufacturing jobs for urban residents by creating functional, accessible, and affordable real estate for manufacturing businesses. The mission of this organization is to provide below-market manufacturing space in various locations, starting with San Francisco. By doing so, 150 Hooper Inc aims to support individuals from low-income communities who are seeking employment in the manufacturing sector, which is often affected by rising real estate costs.
In practice, 150 Hooper Inc provides property management services for a 54,000 square foot industrial building situated in the heart of San Francisco. This building serves as a critical source of affordable manufacturing space, helping to mitigate the impact of the city's escalating real estate market on the sector. By offering below-market rents, 150 Hooper Inc enables businesses to maintain their operations and continue providing employment opportunities to local residents. This approach not only supports individuals and businesses but also contributes to the overall strength and vitality of the urban manufacturing sector.
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Impact
July, 2024
150 Hooper Inc's impact lies in its commitment to sustaining and growing manufacturing jobs for urban residents in San Francisco. By creating functional, accessible, and affordable real estate for manufacturing businesses, 150 Hooper Inc plays a crucial role in providing critically needed affordable manufacturing space in a city where the sector is feeling the rising cost of the real estate market. This initiative not only supports the local manufacturing industry but also helps sustain jobs for individuals from low-income communities, contributing to community improvement in San Francisco.
This information is meant to be a general summary of 150 Hooper 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.
- Program Service Revenue: $777,530
- Gross Receipts: $835,798
Assets and Liabilities:
- Total Assets: $35,934,689
- Total Liabilities: $24,069,952
- Net Assets: $11,864,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$777,530
Organization Details
Founding Year
2017
Phone
(415) 408-5605Principal Officer
Linda Becker
Main Address
150 HOOPER STREET 200, SAN FRANCISCO, CA, 94107
NTEE Category
Code: S31 - Community improvement
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