Overview
What is Sequoia Affordable Housing Foundation?
The Sequoia Affordable Housing Foundation is a nonprofit organization based in Escondido, California, specifically at 1817 Avida Del Diablo, CA 92029. Its primary mission is to provide affordable housing on a charitable basis, with a special focus on serving the elderly. The organization offers or arranges services and housing for individuals displaced by natural disasters in California, particularly prioritizing the elderly. Furthermore, Sequoia Affordable Housing Foundation develops and operates housing specifically designed for the elderly, ensuring senior residents have appropriate healthcare and financial security arrangements. The organization strives to promote the health and well-being of the elderly throughout the continuum of care, services, and housing, and is dedicated to engaging in any other charitable activity that aligns with its exempt purposes. With a workforce of 43 employees, the Sequoia Affordable Housing Foundation is committed to supporting the needs and interests of the elderly community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Sequoia Affordable Housing Foundation has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its financial practices and transparency. While the organization excels in having a majority independent board and strong accountability measures, it notably lacks proper financial statements and transparency regarding its assets and liabilities.
Strengths include a solid program expense ratio which indicates that a substantial portion of its funds supports its mission. However, the lack of accessible financial documentation and policies related to whistleblower protections and document retention raises red flags about the organization's overall governance and operational integrity. These limitations contribute to the low rating and suggest a need for improvement in financial accountability.
Overall, potential donors and stakeholders may want to exercise caution and seek additional information before engaging with the Sequoia Affordable Housing Foundation, as the current rating indicates serious shortcomings in financial transparency that could impact trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sequoia Affordable Housing Foundation legitimate?
Sequoia Affordable Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sequoia Affordable Housing Foundation 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: $61,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $824,286
For more financial information, click here
What is the mission statement of Sequoia Affordable Housing Foundation?
The Sequoia Affordable Housing Foundation's mission is centered around providing affordable housing and support services for various individuals, with a special focus on the elderly. The organization's objectives include offering housing on a charitable basis, assisting individuals displaced by natural disasters in California, particularly the elderly, and operating specialized housing for seniors, ensuring adequate healthcare and financial security. Furthermore, the foundation aims to promote the interests and meet the needs of the elderly through various activities, while also prioritizing their health and well-being throughout their care, services, and housing. Additionally, the foundation engages in other charitable activities that align with its exempt purposes.
Who is the CEO of Sequoia Affordable Housing Foundation?
Matthew Parks is the Fmr Exec Dir of Sequoia Affordable Housing Foundation.
What is the revenue of Sequoia Affordable Housing Foundation?
Sequoia Affordable Housing Foundation's revenue in 2022 was $2,045,560.
Who are the executives of Sequoia Affordable Housing Foundation and what are their salaries?
The average compensation at Sequoia Affordable Housing Foundation during 2022 was $20,606. There are 43 employees and 3 volunteers at Sequoia Affordable Housing Foundation.
Here are 5 key members and their salaries:
- Compensation: $85,310
- 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: $0
- Other: $0
Where can I find the form 990 for Sequoia Affordable Housing Foundation?
Sequoia Affordable Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sequoia Affordable Housing Foundation
Sequoia Affordable Housing Foundation is committed to serving a noble purpose. Its primary mission is threefold. Firstly, the organization strives to provide affordable housing on a charitable basis, offering a home to individuals in need. Secondly, Sequoia Affordable Housing Foundation extends its services to those displaced by natural disasters in California, with a special focus on the elderly. Lastly, the foundation endeavors to develop and operate housing specifically designed for the elderly, ensuring senior residents have access to necessary healthcare facilities and financial security. The organization's ultimate goal is to promote the interests and cater to the needs of the elderly, as long as these activities align with its charitable objectives. Furthermore, Sequoia Affordable Housing Foundation works tirelessly to enhance the health and well-being of the elderly throughout the continuum of care, services, and housing.
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Impact
July, 2024
Sequoia Affordable Housing Foundation has a significant impact on providing affordable housing for patients and the elderly in Escondido, California. Their mission revolves around offering residential care for individuals in need, with a particular focus on those displaced by natural disasters and the elderly population. The foundation develops and manages housing tailored for elderly residents, ensuring health care and financial security are prioritized. Through their charitable activities, they promote the overall well-being of the elderly by offering a continuum of care, services, and housing. Their dedication to serving the needs of the elderly and providing affordable housing makes a valuable contribution to the community.
This information is meant to be a general summary of Sequoia Affordable Housing Foundation. 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: $1,898,560
- Gross Receipts: $2,045,560
Assets and Liabilities:
- Total Assets: $7,204,737
- Total Liabilities: $8,275,345
- Net Assets: -$1,070,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL INCOME
Revenue
$1,898,560
Organization Details
Founding Year
2018
Phone
(858) 220-0026Principal Officer
Matthew Parks
Main Address
1817 AVENIDA DEL DIABLO, ESCONDIDO, CA, 92029
NTEE Category
Code: L22 - Housing
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