Overview
What is Heritage Plaza Phase I?
Heritage Plaza Phase I is a housing initiative situated at 2715 Russell Street, Redding, CA 96001. Primarily, it functions to offer funding for low-income housing, partially backed by rent subsidies from the U.S. Department of Housing and Urban Development (HUD). This project also received initial financial support from the Federal Housing Administration (FHA). Adhering to HUD's eligibility regulations for program participants is essential to maintain the financial backing from both sources. In summary, Heritage Plaza Phase I aims to contribute to affordable housing solutions in the community.
Official website here: www.heritageplaza.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. This rating reflects a solid performance in accountability and finance for Heritage Plaza Phase I. The organization has achieved a score of 76 in this category, indicating a reasonable level of financial health and transparency.
Among the strengths noted, Heritage Plaza Phase I has an entirely independent board, showcasing a commitment to governance. They have also demonstrated no material diversion of assets and maintain proper documentation of board meeting minutes, which contributes positively to their accountability score. Their program expense ratio is commendable, with 73.56% of expenses going directly to programs, indicating a focus on impact.
However, there are some limitations highlighted in the rating. Most notably, the organization is missing essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which detracts from their overall accountability. Addressing these gaps could further enhance their governance practices and overall trustworthiness in the eyes of potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Plaza Phase I legitimate?
Heritage Plaza Phase I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Plaza Phase I 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: $4,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.heritageplaza.org
What is the mission statement of Heritage Plaza Phase I?
Heritage Plaza Phase I is committed to providing low-income housing funding, partly through the assistance of the U.S. Department of Housing and Urban Development (HUD). They achieve this by offering rent subsidies and adhering to HUD's eligibility requirements for program participants. The project initially received financial support from the Federal Housing Administration (FHA), which also necessitates compliance with specific guidelines. The primary aim is to make housing accessible for individuals with limited financial resources.
Official website here: www.heritageplaza.org
Who is the CEO of Heritage Plaza Phase I?
Robert Miller is the Treasurer of Heritage Plaza Phase I.
Official website here: www.heritageplaza.org
What is the revenue of Heritage Plaza Phase I?
Heritage Plaza Phase I's revenue in 2023 was $72,842.
Official website here: www.heritageplaza.org
Who are the executives of Heritage Plaza Phase I and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $3,075
- Related: $0
- Other: $0
- Compensation: $206
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.heritageplaza.org
Where can I find the form 990 for Heritage Plaza Phase I?
Heritage Plaza Phase I's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.heritageplaza.org
Learn more at the official website: www.heritageplaza.org
Mission Statement of Heritage Plaza Phase I
Heritage Plaza Phase I is dedicated to providing low-income housing funding, playing a significant role in addressing housing needs for individuals with limited financial resources. This is achieved primarily through the utilization of funds from the U.S. Department of Housing and Urban Development (HUD), which are allocated as rent subsidies. Additionally, the project's initial construction was financed, in part, by the Federal Housing Administration (FHA). Both sources of support necessitate that the project adheres to HUD's eligibility requirements for program participants. In essence, Heritage Plaza Phase I serves as a crucial resource, providing affordable housing options and contributing to a more equitable living standard for its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Heritage Plaza Phase I has had a significant impact by providing much-needed low-income housing in REDDING, CA. Through its funding initiatives, including support from HUD and rent subsidies, the organization has been able to offer affordable housing options to individuals and families who might otherwise struggle to find suitable accommodation. This impact extends beyond just shelter, as stable housing is a fundamental component of overall well-being and community development. By adhering to HUD requirements and focusing on housing affordability, Heritage Plaza Phase I plays a crucial role in addressing a pressing social need.
This information is meant to be a general summary of Heritage Plaza Phase I. 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.
- Gross Receipts: $72,842
Assets and Liabilities:
- Total Assets: $1,571,416
- Total Liabilities: $0
- Net Assets: $1,571,416
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Phone
(530) 241-7740Principal Officer
Robert Miller
Main Address
2715 Russell Street, Redding, CA, 96001
Website
www.heritageplaza.orgNTEE Category
Code: L80 - Housing
If you are a representative of Heritage Plaza Phase I and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.