Overview
What is Loyal Heights Manor C/O Coast Real Estate Services Inc?
Loyal Heights Manor C/O Coast Real Estate Services Inc is a nonprofit organization established in 1978, based in Everett, Washington. It operates a 54-unit apartment complex housing low-income elderly and individuals with disabilities in Seattle, Washington. The project is funded through HUD Section 202 and Section 8 programs, with a significant portion of its income sourced from HUD. The primary mission of Loyal Heights Manor is to provide affordable housing for the elderly and disabled, catering to their physical and social needs, thereby contributing to their overall well-being and longer living.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while the organization meets some benchmarks for accountability and transparency, there are significant areas needing improvement, particularly in financial health.
The organization has demonstrated strengths in its governance structure, achieving a perfect score for the independence of its board members and the quality of its financial audits. With a program expense ratio of 95.34%, Loyal Heights Manor allocates a substantial portion of its resources directly to its programs, ensuring that funds are used effectively for their intended purpose.
However, the financial stability of the organization raises concerns, as indicated by a liabilities to assets ratio of 110.70%. This suggests that the organization has more liabilities than assets, which could impact its long-term sustainability. Overall, while there are notable strengths, the financial health of Loyal Heights Manor is a critical factor that requires attention.
This AI summary has been generated from information found on Charity Navigator.
Is Loyal Heights Manor C/O Coast Real Estate Services Inc legitimate?
Loyal Heights Manor C/O Coast Real Estate Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loyal Heights Manor C/O Coast Real Estate Services 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: $189,820
For more financial information, click here
What is the mission statement of Loyal Heights Manor C/O Coast Real Estate Services Inc?
Loyal Heights Manor, overseen by Coast Real Estate Services Inc, is committed to providing housing for elderly and disabled individuals on a non-profit basis. The mission is to meet their physical and social needs through the provision of rental housing and related facilities. This mission aims to contribute to their health, security, happiness, and usefulness in longer living. The non-profit organization operates a 54-unit apartment complex for low-income elderly and disabled individuals, adhering to HUD Section 202 and Section 8 regulations. The primary program is the Section 202 Direct Loan Program, with additional support from HUD Section 8 Housing Assistance Payments Agreements and a significant portion of income derived from HUD.
Who is the CEO of Loyal Heights Manor C/O Coast Real Estate Services Inc?
Robert Reetz is the President of Loyal Heights Manor C/O Coast Real Estate Services Inc.
What is the revenue of Loyal Heights Manor C/O Coast Real Estate Services Inc?
Loyal Heights Manor C/O Coast Real Estate Services Inc's revenue in 2023 was $1,139,702.
Who are the executives of Loyal Heights Manor C/O Coast Real Estate Services Inc and what are their salaries?
There 5 volunteers at Loyal Heights Manor C/O Coast Real Estate Services Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Loyal Heights Manor C/O Coast Real Estate Services Inc?
Loyal Heights Manor C/O Coast Real Estate Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Loyal Heights Manor C/O Coast Real Estate Services Inc
Loyal Heights Manor, under the management of Coast Real Estate Services Inc, is a non-profit organization dedicated to providing housing solutions for elderly and disabled individuals. Its mission is to offer rental housing and related facilities on a non-profit basis, aiming to meet the physical and social needs of these individuals. This organization contributes significantly to their health, security, happiness, and overall usefulness in longer living. By doing so, Loyal Heights Manor strives to enhance the well-being of its residents, enabling them to live with dignity and independence. The project operates under the Housing and Urban Development (HUD) Section 202 and Section 8 programs, ensuring that low-income elderly and disabled persons can access affordable housing options. The organization's primary program is its Section 202 Direct Loan Program, which complements its objective of providing a comfortable and supportive living environment for its residents.
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Impact
July, 2024
Loyal Heights Manor, operated by Coast Real Estate Services Inc., has a significant impact on the community by providing essential housing for low-income elderly and disabled individuals in Seattle, Washington. Through its 54-unit apartment complex, the organization ensures that this vulnerable population has access to affordable and safe living arrangements. By offering housing under HUD's Section 202 and Section 8 programs, Loyal Heights Manor plays a crucial role in supporting the physical, social, and emotional well-being of its residents. The organization's mission to contribute to the health, security, and happiness of elderly and disabled individuals reflects its dedication to promoting a better quality of life for those in need.
This information is meant to be a general summary of Loyal Heights Manor C/O Coast Real Estate Services 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 2023.
- Investment Income: $90,472
- Program Service Revenue: $312,157
- Gross Receipts: $1,139,702
Assets and Liabilities:
- Total Assets: $6,752,269
- Total Liabilities: $7,474,901
- Net Assets: -$722,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$226,119
COORDINATOR REVENUE
Revenue
$86,038
Organization Details
Founding Year
1980
Phone
(800) 339-3634Principal Officer
Robert Reetz
Main Address
2829 RUCKER AVE, EVERETT, WA, 98201
NTEE Category
Code: L210 - Housing
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