Overview
What is Van Buren Apartments Inc?
Van Buren Apartments Inc, situated in Los Angeles, California, is a nonprofit organization that specializes in providing affordable housing. Specifically, they manage a 28-unit residential complex, catering to families with low and moderate incomes. The organization's primary mission is to ensure access to housing for those who may not otherwise be able to afford it, thereby contributing to the local community and enhancing the living standards of its residents. The small team of one dedicated individual works tirelessly towards achieving this goal.
Is Van Buren Apartments Inc legitimate?
Van Buren Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Van Buren Apartments 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: $43,863
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What is the mission statement of Van Buren Apartments Inc?
Van Buren Apartments Inc, as an organization, is dedicated to serving low and moderate income families by providing them with housing. The purpose of Van Buren Apartments Inc is to offer a 28-unit residential complex as a living space for those in need of affordable housing. By owning and operating this complex, Van Buren Apartments Inc aims to contribute to the housing needs of a specific demographic, thereby enhancing their living standards.
What is the revenue of Van Buren Apartments Inc?
Van Buren Apartments Inc's revenue in 2023 was $796,113.
Who are the executives of Van Buren Apartments Inc and what are their salaries?
The average compensation at Van Buren Apartments Inc during 2023 was $43,863. There is 1 employee and 7 volunteers at Van Buren Apartments Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Van Buren Apartments Inc?
Van Buren Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Van Buren Apartments Inc
Van Buren Apartments Inc, as an organization, is committed to serving a noble purpose. Its mission, in essence, is to provide housing for individuals and families who fall under the categories of low and moderate income. The residential complex operated by Van Buren Apartments Inc comprises 28 units, serving as a crucial sanctuary for those in need of affordable housing. The organization's primary objective is to make housing accessible to these individuals, contributing to a more inclusive and equitable community.
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Impact
October, 2024
Van Buren Apartments Inc plays a crucial role in addressing housing needs for low and moderate-income families in Los Angeles. By owning and operating a 28-unit residential rental complex, it offers essential housing options to individuals and families who may otherwise struggle to find affordable places to live in a challenging rental market. This contribution not only provides stable living conditions but also fosters a sense of community and security among residents, enabling them to focus on other aspects of their lives such as employment, education, and personal development. Through its commitment to affordable housing, Van Buren Apartments Inc helps to alleviate some of the pressures associated with housing instability, promoting overall well-being and quality of life for its tenants.
This information is meant to be a general summary of Van Buren Apartments 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: $1,132
- Program Service Revenue: $317,029
- Gross Receipts: $796,113
Assets and Liabilities:
- Total Assets: $2,002,624
- Total Liabilities: $920,269
- Net Assets: $1,082,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$271,137
MISC REVENUE
Revenue
$45,892
Organization Details
Founding Year
2001
Principal Officer
Ana Ponce
NTEE Category
Code: L21 - Housing
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