Overview
What is Encino Terrace Inc?
Encino Terrace Inc is a dedicated nonprofit organization situated in Albuquerque, New Mexico. Established with a mission, they offer 153 units of affordable housing specifically tailored for the elderly and physically challenged residents within the city. Their primary objective is to ensure the provision of safe living spaces, making housing an attainable resource for those in need. Encino Terrace Inc strives to contribute positively to the Albuquerque community, addressing the unique housing requirements of its elderly and physically challenged residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. This rating indicates that while Encino Terrace Inc meets some standards of accountability and finance, there are notable areas for improvement. The organization's strengths include a fully independent board, a solid program expense ratio, and no material diversion of assets, showcasing a commitment to proper governance and program delivery.
However, the organization struggles with certain deficiencies that have impacted its overall rating. Specifically, it lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Additionally, the absence of the tax form on the nonprofit's website raises concerns about accessibility of financial information to the public.
The liabilities to assets ratio is concerning at 140.06%, indicating that the organization may have more liabilities than assets, which can pose risks to financial stability. Although Encino Terrace Inc has demonstrated strong programmatic spending, these financial strains and governance gaps suggest that potential donors should proceed with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Encino Terrace Inc legitimate?
Encino Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Encino Terrace 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: $226,190
For more financial information, click here
What is the mission statement of Encino Terrace Inc?
Encino Terrace Inc is committed to providing safe and affordable housing for elderly and physically challenged residents, residing in an unspecified location. Their mission is centered around ensuring the well-being of these individuals, striving to make housing accessible and within their financial reach. The organization manages 153 units of quality, affordable housing, thereby providing a suitable living environment for these residents. Encino Terrace Inc's efforts aim to enhance the lives of these individuals by offering them a secure and affordable place to call home.
Who is the CEO of Encino Terrace Inc?
John Rockwell is the President of Encino Terrace Inc.
What is the revenue of Encino Terrace Inc?
Encino Terrace Inc's revenue in 2022 was $1,061,149.
Who are the executives of Encino Terrace Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Encino Terrace Inc?
Encino Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Encino Terrace Inc
Encino Terrace Inc, a nonprofit organization, is committed to providing safe and affordable housing for elderly and physically challenged residents. Their mission is centered around creating a living environment that caters to the unique needs of this population, ensuring they can live with dignity and independence. The organization operates by providing 153 units of quality, affordable housing, which serves as a vital resource for these individuals, allowing them to maintain a sense of community and stability. Encino Terrace Inc's dedication to this cause not only enhances the living experience of its residents but also contributes to the overall well-being and empowerment of the elderly and physically challenged community.
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Impact
July, 2024
Encino Terrace Inc's impact is significant in providing safe and affordable housing for elderly and physically challenged residents of Albuquerque, New Mexico. Through its initiative, Encino Terrace Inc offers 153 units of quality, affordable housing to support this vulnerable population. By fulfilling its mission to provide a comfortable and secure living environment for these individuals, Encino Terrace Inc plays a crucial role in enhancing the quality of life for elderly and physically challenged residents in Albuquerque.
This information is meant to be a general summary of Encino Terrace 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.
- Investment Income: $133
- Program Service Revenue: $984,863
- Gross Receipts: $1,061,149
Assets and Liabilities:
- Total Assets: $1,059,513
- Total Liabilities: $1,479,689
- Net Assets: -$420,176
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$969,797
TENANT FEES
Revenue
$15,066
Organization Details
Founding Year
1972
Phone
(505) 345-5577Principal Officer
John Rockwell
Main Address
609 ENCINO PLACE NE, ALBUQUERQUE, NM, 87102
NTEE Category
Code: L22Z - Housing
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