Overview
What is Firm Foundations-Columbus Village?
Firm Foundations-Columbus Village is a nonprofit organization situated in Los Angeles, California, specializing in providing affordable housing solutions for low-income families, individuals, the needy, and the elderly. Last year, they reported a total revenue of $1,982,986. Their primary mission revolves around property management services, ensuring that these individuals and families have access to safe and adequate housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating
Firm Foundations-Columbus Village has received a low rating of 53% from Charity Navigator, which classifies it with a One-Star rating. This score indicates significant concerns regarding the organization’s accountability and financial practices. While the charity has demonstrated a commitment to having an independent board, earning full points in that category, it falls short in several other crucial areas.
Among the organizational strengths, the charity has a 100% independent board, showing a solid governance structure. However, it lacks transparency in critical financial reporting, with scores of zero in categories such as financial statements and asset liability ratios. This lack of transparency raises questions regarding the organization's financial health and effectiveness in managing resources.
Users have also highlighted the absence of a whistleblower policy and inadequate documentation of financial statements on their website, contributing to concerns about accountability. Despite excelling in some governance aspects, these limitations may hinder donor trust and overall operational effectiveness, suggesting that potential supporters should exercise caution.
This AI summary has been generated from information found on Charity Navigator.
Is Firm Foundations-Columbus Village legitimate?
Firm Foundations-Columbus Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Firm Foundations-Columbus Village 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: $352,764
For more financial information, click here
What is the mission statement of Firm Foundations-Columbus Village?
Firm Foundations-Columbus Village is dedicated to providing affordable housing and property management services to families, individuals, the needy, and the elderly who are income-restricted. This organization's mission is centered around ensuring that these vulnerable groups have access to suitable housing solutions, thereby enhancing their overall well-being. Through its property management services, Firm Foundations-Columbus Village aims to maintain a clean, safe, and comfortable living environment for its residents. The organization's activities are designed to cater specifically to the housing needs of individuals within a limited income bracket.
Who is the CEO of Firm Foundations-Columbus Village?
Timothy Ligget is the Officer/Director of Firm Foundations-Columbus Village.
What is the revenue of Firm Foundations-Columbus Village?
Firm Foundations-Columbus Village's revenue in 2022 was $3,113,253.
Who are the executives of Firm Foundations-Columbus Village and what are their salaries?
The average compensation at Firm Foundations-Columbus Village during 2022 was $58,794. There are 6 employees at Firm Foundations-Columbus Village.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Firm Foundations-Columbus Village?
Firm Foundations-Columbus Village's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Firm Foundations-Columbus Village
Firm Foundations-Columbus Village, as a nonprofit organization, is dedicated to providing affordable housing and property management services for low-income families, individuals, the needy, and the elderly. Their mission is centered around ensuring that these vulnerable groups have access to secure and economical housing options, thereby enhancing their quality of life. By offering these services, Firm Foundations-Columbus Village plays a significant role in fostering stability and independence within these communities. The organization's mission aligns with the broader goal of promoting social welfare and equality, ensuring that everyone, regardless of their financial situation, has a place to call home.
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Impact
July, 2024
Firm Foundations-Columbus Village's impact is significant in providing affordable housing and property management services to low-income families, individuals, the needy, and the elderly in Los Angeles, CA. By operating as public housing facilities, this organization plays a crucial role in addressing housing needs for vulnerable populations. Last year, Firm Foundations-Columbus Village generated almost $2 million in total revenues, reflecting the scale of its operations and the reach of its impact. Through their mission of providing affordable housing and property management services, Firm Foundations-Columbus Village is a key partner in action for improving the living conditions and well-being of those in need in the community.
This information is meant to be a general summary of Firm Foundations-Columbus Village. 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: $3,113,253
- Gross Receipts: $3,113,253
Assets and Liabilities:
- Total Assets: $13,310,330
- Total Liabilities: $13,568,169
- Net Assets: -$257,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$2,721,669
OTHER PROGRAM SERVICE
Revenue
$391,584
Organization Details
Founding Year
2001
Phone
(323) 436-2929Principal Officer
Timothy Ligget
Main Address
30251 GOLDEN LANTERN UN E356, Laguna Niguel, CA, 92677
NTEE Category
Code: P00 - Human services
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