River City Affordable Housing

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852949183 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is River City Affordable Housing?

River City Affordable Housing is a nonprofit organization situated in Los Angeles, California, with a specific focus on addressing housing needs for low-income individuals. Their mission is multifaceted, involving the provision of housing facilities, alleviating poverty, and offering specialized services for disabled persons. The organization is authorized to contribute to the production and preservation of affordable housing for low-income families, thereby providing a much-needed solution to housing challenges in the community.

Is River City Affordable Housing legitimate?

River City Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. River City Affordable Housing 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 River City Affordable Housing?

River City Affordable Housing is committed to providing housing solutions for individuals with low income and alleviating distress among the poor. The organization is authorized to encourage the creation and maintenance of affordable housing for low-income families. It also offers housing facilities and specialized services tailored to the needs of disabled persons, contributing to their well-being. In line with its mission, River City Affordable Housing collects rent and manages related expenses while delivering housing services, effectively addressing the shortage of affordable housing options and providing necessary accommodations for vulnerable individuals.

Who is the CEO of River City Affordable Housing?

Unavailable

What is the revenue of River City Affordable Housing?

River City Affordable Housing's revenue in 2021 was $433,588.

Who are the executives of River City Affordable Housing and what are their salaries?


Here are 5 key members and their salaries:


Joseph Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Buren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Meerson (Director & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Winston Fisch (Director & President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dasha Kosmynina (Director - Vpsecretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for River City Affordable Housing?

River City Affordable Housing's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of River City Affordable Housing

River City Affordable Housing is an organization dedicated to providing housing solutions for individuals and families with limited income. Its mission is multifaceted, aiming to alleviate poverty and distress among its residents while also promoting the development and preservation of affordable housing options. The organization is authorized to foster such housing initiatives specifically targeting low-income families. Moreover, River City Affordable Housing extends its services to individuals with disabilities, offering specialized housing facilities and assistance tailored to their unique needs. Through its operations, the organization collects rent and manages related expenses, thereby fulfilling its commitment to making affordable housing accessible to those in need.

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Impact




October, 2024

River City Affordable Housing significantly enhances the lives of low-income individuals and families in Los Angeles by providing essential housing options. Its efforts not only alleviate the struggles faced by the economically disadvantaged, but also contribute to the overall well-being and stability of the community.

By focusing on the production and preservation of affordable housing, the organization addresses a critical need in a city where housing costs can be prohibitively high. This commitment ensures that low-income families have access to safe and secure living environments, promoting their ability to thrive and participate fully in society.

Additionally, River City Affordable Housing caters to vulnerable populations, including individuals with disabilities, by offering specialized housing facilities and services. This inclusivity fosters a sense of belonging and supports the integration of all community members.

Through its work, the organization plays a vital role in reducing poverty and distress among Los Angeles residents, laying the groundwork for a more equitable and sustainable future. The impact of River City Affordable Housing extends beyond mere provision of shelter; it is a catalyst for positive social change, empowering individuals and families to improve their circumstances and achieve greater independence.




This information is meant to be a general summary of River City Affordable Housing. 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.

Revenue
$433,588 (2021)
Expenses
$463,092 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $168,660
  • Gross Receipts: $989,199

Assets and Liabilities:

  • Total Assets: $18,399,031
  • Total Liabilities: $18,185,928
  • Net Assets: $213,103

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Organization Details

Founding Year

2020

Main Address

10866 Wilshire Blvd STE 565, Los Angeles, CA, 90034

NTEE Category

Code: L21 - Housing

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