Overview
What is Glendale Housing Corporation?
Glendale Housing Corporation is a dedicated nonprofit organization situated in Woodland Hills, California. Their primary focus is on providing housing and supportive services for individuals living with developmental disabilities. This encompasses addressing their physical, social, and psychological needs, ensuring they can lead fulfilling lives. The organization operates a 24-unit facility, named Glendale Accessible Apartments, designed specifically for this purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
The Glendale Housing Corporation has received a Two-Star rating, indicating some concerns regarding its accountability and financial health. While the organization demonstrates strengths in governance with a fully independent board and proper documentation of board meeting minutes, its overall score reflects significant issues, particularly with its liabilities, which exceed its assets.
The charity excels in areas such as program expense ratio, where it allocates nearly 92% of its expenses directly to its programs, showcasing a commitment to its mission. Additionally, it has strong governance practices in place, including a whistleblower policy and no material diversion of assets noted, both of which contribute positively to its accountability.
However, the most pressing limitation is the high liabilities to assets ratio of 151.28%, which raises red flags about its financial sustainability and ability to meet obligations. Stakeholders may want to monitor this aspect closely as it could impact the organization’s long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Glendale Housing Corporation legitimate?
Glendale Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glendale Housing 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: $0
For more financial information, click here
What is the mission statement of Glendale Housing Corporation?
Glendale Housing Corporation is committed to providing housing and support services for individuals with developmental disabilities. Their mission is to cater to the physical, social, and psychological needs of these individuals, ensuring a comprehensive and holistic approach to their well-being. The organization operates a 24-unit facility, known as Glendale Accessible Apartments, which serves as a venue for providing these essential services. The primary goal is to enhance the quality of life for these individuals, fostering an environment that promotes their overall growth and development.
Who is the CEO of Glendale Housing Corporation?
Joseph Simoneschi is the Vice President of Glendale Housing Corporation. The CEO's salary of Glendale Housing Corporation is $0 and their total compensation is $640,598.
What is the revenue of Glendale Housing Corporation?
Glendale Housing Corporation's revenue in 2022 was $196,832.
Who are the executives of Glendale Housing Corporation and what are their salaries?
Here are 5 key members and their salaries (Glendale Housing Corporation's CEO's salary is $0 and their total compensation is $640,598):
- 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: $640,598
- Other: $0
Where can I find the form 990 for Glendale Housing Corporation?
Glendale Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Glendale Housing Corporation
Glendale Housing Corporation, as a nonprofit organization, is committed to providing housing and support services for individuals with developmental disabilities. Their mission is to meet the diverse needs of these individuals, encompassing their physical, social, and psychological requirements. By offering accommodating housing and tailored support services, Glendale Housing Corporation aims to foster an environment that allows individuals with developmental disabilities to thrive and live fulfilling lives.
At the heart of Glendale Housing Corporation's operations is a 24-unit facility, known as Glendale Accessible Apartments. This facility is specifically designed to offer housing and support services for individuals with developmental disabilities, ensuring they have the resources they need to navigate their daily lives. The organization's dedicated approach to addressing the unique needs of these individuals demonstrates their unwavering commitment to promoting their overall well-being and quality of life.
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Impact
October, 2024
Glendale Housing Corporation plays a crucial role in enhancing the quality of life for individuals with developmental disabilities by providing essential housing and support services. Through its Glendale Accessible Apartments, a dedicated 24-unit facility, it creates an environment tailored to meet the physical, social, and psychological needs of its residents. This initiative fosters independence and community integration while ensuring that residents have access to the resources necessary for a fulfilling life. By prioritizing the unique requirements of individuals with developmental disabilities, Glendale Housing Corporation significantly contributes to their overall well-being and empowers them to thrive within the community.
This information is meant to be a general summary of Glendale Housing 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: $328
- Program Service Revenue: $79,240
- Gross Receipts: $196,832
Assets and Liabilities:
- Total Assets: $8,976,196
- Total Liabilities: $13,068,968
- Net Assets: -$4,092,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$79,240
Organization Details
Founding Year
2006
Phone
(818) 782-2211Principal Officer
Joseph Simoneschi
Main Address
6430 INDEPENDENCE AVE, WOODLAND HILLS, CA, 91367
NTEE Category
Code: L20 - Housing
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