Overview
What is Los Angeles Room & Board?
Los Angeles Room & Board is a California-based nonprofit organization, located at 862 Hilgard Avenue in Los Angeles, CA, 90024. Their primary focus is on supporting community college students in California by offering affordable transitional housing aimed at ending homelessness. This housing is designed to empower students to persist, retain, and complete their certificate, associate's, and bachelor's degree programs. By providing this essential resource, Los Angeles Room & Board strives to ensure that students can successfully achieve their post-secondary education goals. The organization currently employs a team of 28 individuals to help further its mission.
Official website here: www.larnb.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator
Los Angeles Room & Board has received a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance, with a score of 96% in this area. The organization showcases excellent governance practices, including a fully independent board and robust financial oversight. With a program expense ratio of 69.3%, the majority of its spending goes directly to its mission of supporting housing-insecure students.
User feedback highlights the nonprofit's innovative approach to addressing housing insecurity among college students in Los Angeles. Reviewers praise the organization for its effective collaboration with local colleges and its tailored services that directly benefit students facing homelessness. Many users emphasize the supportive community fostered by LA Room & Board, noting the dedicated leadership and the positive impact on the lives of young adults seeking education and stability.
However, some limitations are acknowledged, primarily concerning the lack of available beds for students. Despite its success, the organization is often at capacity, leaving many individuals in need. Overall, LA Room & Board is recognized as a vital resource in the community, making significant strides toward educational equity and support for vulnerable students.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Los Angeles Room & Board legitimate?
Los Angeles Room & Board is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Room & Board 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: $1,289,869
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.larnb.org
What is the mission statement of Los Angeles Room & Board?
Los Angeles Room & Board (LARB) is dedicated to helping community college students in California achieve their post-secondary education goals. Through providing affordable transitional housing, LARB aims to put an end to homelessness among these students. Their residential education program not only offers affordable housing but also encourages persistence, retention, and completion of certificate, associates, and bachelor's degree programs. By ensuring a stable living situation, LARB enables students to focus on their academic pursuits and ultimately reach their educational objectives.
Official website here: www.larnb.org
Who is the CEO of Los Angeles Room & Board?
Samuel Prater is the Founder of Los Angeles Room & Board.
Official website here: www.larnb.org
What is the revenue of Los Angeles Room & Board?
Los Angeles Room & Board's revenue in 2022 was $35,503,527.
Official website here: www.larnb.org
Who are the executives of Los Angeles Room & Board and what are their salaries?
The average compensation at Los Angeles Room & Board during 2022 was $46,067. There are 28 employees at Los Angeles Room & Board.
There is 1 key member and their salary:
- Compensation: $160,417
- Related: $0
- Other: $0
Official website here: www.larnb.org
Where can I find the form 990 for Los Angeles Room & Board?
Los Angeles Room & Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.larnb.org
Learn more at the official website: www.larnb.org
Mission Statement of Los Angeles Room & Board
Los Angeles Room & Board (LARB), a California-based organization, is dedicated to helping community college students achieve their postsecondary education goals by providing affordable transitional housing. This mission is designed to put an end to homelessness among these students. LARB's residential program not only offers affordable housing but also promotes persistence, retention, and completion of certificate, associates, and bachelor's degree programs.
By ensuring stable housing for community college students, LARB plays a crucial role in their academic success. The organization's affordable transitional housing provides students with the stability and comfort needed to focus on their studies, rather than worrying about their living situation. Furthermore, LARB's residential education program is an essential component of its mission. It goes beyond housing, aiming to foster a supportive environment that encourages students to persist in their education, ultimately leading to the completion of their degree programs.
In summary, Los Angeles Room & Board is a California nonprofit organization that empowers community college students by offering affordable transitional housing and a residential education program. Through these efforts, LARB not only puts an end to homelessness but also promotes academic success and the completion of postsecondary education.
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Impact
October, 2024
Los Angeles Room & Board (LARB) plays a crucial role in supporting California's community college students by providing affordable transitional housing. This initiative addresses a significant barrier to education: homelessness. By offering stable housing, LARB empowers students to focus on their academic goals, increasing the likelihood of persistence and completion of their certificate, associate, and bachelor's degree programs.
Through its residential education program, LARB not only provides shelter but also fosters a supportive community that encourages personal and academic growth. This holistic approach helps students navigate the challenges of college life while working towards their future, ultimately contributing to their journey out of homelessness and into stable careers. The impact of LARB extends beyond individual students; it strengthens the community by breaking the cycle of homelessness and promoting higher education as a pathway to opportunity.
This information is meant to be a general summary of Los Angeles Room & Board. 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
- Program Service Revenue: $42,894
- Gross Receipts: $35,503,527
Assets and Liabilities:
- Total Assets: $32,294,757
- Total Liabilities: $44,935
- Net Assets: $32,249,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Student Program Fee
Revenue
$42,894
Organization Details
Founding Year
2018
Principal Officer
Samuel Prater
Main Address
862 Hilgard Avenue, Los Angeles, CA, 90024
Website
www.larnb.orgNTEE Category
Code: L20 - Housing
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