Overview
What is Danville Senior Housing Inc?
Danville Senior Housing Inc is a nonprofit organization that plays a crucial role in supporting Bridge Housing Corporation (Bridge). Based in San Francisco, California, this organization contributes to the mission of strengthening communities by developing, owning, and managing high-quality, affordable housing for working families and seniors. Bridge aspires to create opportunities beyond housing, leading and innovating in the affordable housing sector. They prioritize customer satisfaction, earning recognition from various stakeholders such as residents, neighbors, investors, and employees. Danville Senior Housing Inc effectively serves as a reliable developer and owner of affordable housing solutions for public officials, investors, and communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (59%)
Danville Senior Housing Inc has received a One-Star rating from Charity Navigator, indicating potential concerns regarding its accountability and financial management. The organization scored 59% overall, with significant weaknesses in board independence, as it has no independent board members. While it does maintain policies for conflict of interest, whistleblower protection, and document retention, the absence of independent oversight may raise questions about governance.
On a positive note, Danville Senior Housing exhibits a very high program expense ratio of 99.41%, suggesting that nearly all of its expenses are directed towards its programs rather than administrative costs. The organization has also demonstrated that it has not diverted any assets, which is a strong point in its favor. However, the extremely high liabilities to assets ratio of 3479.52% is a critical issue that could signal financial instability.
While Danville Senior Housing Inc has some commendable practices, such as transparency in meeting documentation and a commitment to governance policies, the significant lack of independent board members and the high liabilities compared to assets may raise red flags for potential donors and stakeholders considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Danville Senior Housing Inc legitimate?
Danville Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danville Senior Housing 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: $0
For more financial information, click here
What is the mission statement of Danville Senior Housing Inc?
Danville Senior Housing Inc supports Bridge Housing Corporation (Bridge), which aims to strengthen communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. The organization's vision extends beyond housing, aiming to create opportunities for these groups within the communities. Bridge is recognized as a leader and innovator in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. It consistently earns high levels of satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, partners, and employees. Bridge serves as the go-to developer and owner for public officials, investors, and communities seeking various housing solutions, consistently delivering results.
Who is the CEO of Danville Senior Housing Inc?
Delphine Sherman is the Evp Of Development (Outgoing) of Danville Senior Housing Inc. The CEO's salary of Danville Senior Housing Inc is $0 and their total compensation is $538,963.
What is the revenue of Danville Senior Housing Inc?
Danville Senior Housing Inc's revenue in 2022 was $488,238.
Who are the executives of Danville Senior Housing Inc and what are their salaries?
Here are 7 key members and their salaries (Danville Senior Housing Inc's CEO's salary is $0 and their total compensation is $538,963):
- Compensation: $0
- Related: $486,042
- Other: $98,469
- Compensation: $0
- Related: $503,363
- Other: $35,600
- Compensation: $0
- Related: $347,144
- Other: $116,424
- Compensation: $0
- Related: $342,254
- Other: $104,797
- Compensation: $0
- Related: $347,823
- Other: $97,080
- Compensation: $0
- Related: $245,086
- Other: $21,219
- Compensation: $0
- Related: $76,056
- Other: $3,970
Where can I find the form 990 for Danville Senior Housing Inc?
Danville Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Danville Senior Housing Inc
Danville Senior Housing Inc plays a significant role in supporting Bridge Housing Corporation (Bridge). Bridge is a leading organization that strengthens communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. The mission of Danville Senior Housing Inc, in alignment with Bridge, is multifaceted.
Firstly, Danville Senior Housing Inc aims to enhance communities and create opportunities for working families and seniors, with housing being just the beginning. They strive to lead and innovate in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. Their ultimate goal is to earn the highest degree of satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees.
Secondly, Danville Senior Housing Inc is recognized as the go-to developer and owner for public officials, investors, and communities seeking a variety of housing solutions. They deliver results, ensuring that they meet the needs of their residents, neighbors, and investors effectively. Bridge's reputation as a reliable and innovative provider of affordable housing solutions makes Danville Senior Housing Inc an indispensable partner in community development.
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Impact
July, 2024
Danville Senior Housing Inc, as a general partner in a partnership that owns and operates an affordable housing project for low-income persons, plays a crucial role in supporting Bridge Housing Corporation's mission of strengthening communities through the development, ownership, and management of high-quality, affordable homes for working families and seniors. By providing affordable housing options, Danville Senior Housing Inc directly impacts the lives of low-income individuals and seniors by offering them safe and comfortable living environments.
Through its partnership with Bridge Housing Corporation, Danville Senior Housing Inc contributes to creating opportunities for working families and seniors to have access to affordable housing, thereby enhancing their quality of life. By prioritizing customer satisfaction and working closely with various stakeholders, including residents, neighbors, investors, and public officials, Danville Senior Housing Inc ensures that its housing projects meet the diverse needs of the community.
Overall, Danville Senior Housing Inc's impact extends beyond just providing shelter; it helps build stronger, more inclusive communities and improves the well-being of individuals by offering them a place to call home.
This information is meant to be a general summary of Danville Senior Housing 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.
- Program Service Revenue: $486,388
- Gross Receipts: $488,238
Assets and Liabilities:
- Total Assets: $16,155
- Total Liabilities: $562,118
- Net Assets: -$545,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM PARTNERSHIPS
Revenue
$470,233
ASSET MANAGEMENT FEES
Revenue
$10,415
INCENTIVE MANAGEMENT FEES
Revenue
$5,740
Organization Details
Founding Year
2001
Phone
(415) 989-1111Principal Officer
Delphine Sherman
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L20 - Housing
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