Overview
What is Anchor Down Owners Association Inc?
Anchor Down Owners Association Inc, based in San Diego, California, serves the residents of 68 residential lots within its associated property. While primarily focused on maintaining and providing common area amenities, this nonprofit organization extends its mission to include social services and property management. Specialized in catering to senior citizens and community members, Anchor Down Owners Association Inc aims to enhance the quality of life for its members through its multifaceted approach.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (52%)
Anchor Down Owners Association Inc has received a low rating of 52% from Charity Navigator, resulting in a One-Star designation. This rating reflects significant concerns regarding the organization's accountability and financial practices. The lack of independent board members is notable, contributing to a 0% score in that area, which raises questions about governance and oversight.
Despite the challenges in leadership structure, the organization does show strength in its financial management, particularly with a high program expense ratio of 94.07%. This indicates that a substantial portion of its resources is directed towards its programs, which is a positive aspect. However, the absence of essential policies such as conflict of interest and whistleblower policies, along with the lack of an accessible website for financial documents, highlights areas in need of improvement.
Overall, while Anchor Down Owners Association Inc demonstrates a commitment to its programming, the organization must address its governance issues and enhance transparency to build trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor Down Owners Association Inc legitimate?
Anchor Down Owners Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Down Owners Association 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: $1,480
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What is the mission statement of Anchor Down Owners Association Inc?
The Anchor Down Owners Association Inc is dedicated to serving both senior citizens and the wider community by providing essential social services and managing property. Their primary goal is to enhance the living conditions of the residents residing in the 68 residential lots within the associated property. This is achieved through the provision of necessary services and common area amenities. The association's mission is to foster a sense of community and ensure the well-being of its members, focusing on the specific needs of senior citizens.
Who is the CEO of Anchor Down Owners Association Inc?
Lia Mogle is the President of Anchor Down Owners Association Inc.
What is the revenue of Anchor Down Owners Association Inc?
Anchor Down Owners Association Inc's revenue in 2022 was $650,017.
Who are the executives of Anchor Down Owners Association 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 Anchor Down Owners Association Inc?
Anchor Down Owners Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anchor Down Owners Association Inc
Anchor Down Owners Association Inc, a nonprofit organization, is dedicated to providing social services and property management for senior citizens and members of the community. Their mission is multifaceted, encompassing two key areas: social services and property management. Through their social services, they aim to support the well-being and needs of senior citizens and community members, offering assistance where needed. On the property management side, they oversee the 68 residential lots within their associated property, ensuring the provision of necessary services and common area amenities for the residents. This comprehensive approach allows Anchor Down Owners Association Inc to contribute positively to the lives of its community members, particularly the elderly, by providing them with essential support and a comfortable living environment.
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Impact
July, 2024
Anchor Down Owners Association Inc provides essential social services and property management for senior citizens and community members in San Diego, CA. The organization plays a vital role in enhancing the quality of life for its residents by offering services and common area amenities within the 68 residential lots it oversees. Through its mission to provide social services and property management, Anchor Down Owners Association Inc positively impacts the lives of its residents, especially senior citizens, by creating a supportive and inclusive living environment. Additionally, by focusing on housing, the organization contributes to addressing the critical need for affordable and accessible housing options within the community.
This information is meant to be a general summary of Anchor Down Owners Association 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: $474
- Program Service Revenue: $649,543
- Gross Receipts: $650,017
Assets and Liabilities:
- Total Assets: $3,817,046
- Total Liabilities: $5,425,186
- Net Assets: -$1,608,140
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSOCIATION MEMBER DUES
Revenue
$505,125
TENANT UTILITY CHARGES
Revenue
$135,637
MISCELLANEOUS
Revenue
$8,781
Organization Details
Founding Year
1997
Phone
(619) 749-0725Principal Officer
Lia Mogle
Main Address
10620 TREENA STREET SUITE 230, SAN DIEGO, CA, 92131
NTEE Category
Code: L22 - Housing
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