Overview
What is Alberta Street Apartments Preservation Inc?
Alberta Street Apartments Preservation Inc is a nonprofit organization situated in Portland, Oregon. Their primary mission is to offer affordable housing solutions by managing and maintaining a 24-unit apartment building specifically designed for low-income families. Through this initiative, they contribute to the community's well-being by providing a secure living environment. Their focus on low-income housing aims to ensure that families in need have access to decent accommodations, thereby enhancing their overall quality of life.
Official website here: www.sabincdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating.
Alberta Street Apartments Preservation Inc has received a strong rating of 93%, indicative of its transparency and effective management in accountability and finance. The organization boasts a perfect score for having a fully independent board, demonstrating strong governance. Additionally, it has robust policies in place, including those for conflict of interest and whistleblower protections.
The financial metrics support the organization’s commitment to its mission, with a program expense ratio of 93.28%, meaning that a significant majority of its expenses directly benefit its programs. This illustrates a focus on impactful work rather than administrative costs. The organization has also maintained a low level of liabilities relative to its assets, further indicating financial stability.
However, while Alberta Street Apartments Preservation Inc excels in various governance metrics, it is essential for potential donors and stakeholders to consider that their overall score is derived solely from a single beacon score focused on accountability and finance. This means that while the organization is well-managed financially, further evaluation of its programmatic impact and outcomes may be necessary for a comprehensive understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Alberta Street Apartments Preservation Inc legitimate?
Alberta Street Apartments Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alberta Street Apartments Preservation 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
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Official website here: www.sabincdc.org
What is the mission statement of Alberta Street Apartments Preservation Inc?
Alberta Street Apartments Preservation Inc is dedicated to providing low-income housing. They accomplish this by managing and maintaining a 24-unit apartment building specifically designed for families with limited financial resources. This organization's mission is focused on offering a stable living space for individuals who might otherwise struggle to afford housing. By operating this multifamily building, Alberta Street Apartments Preservation Inc is contributing to the community by providing an essential service, thereby promoting social equity and improving the quality of life for its residents.
Official website here: www.sabincdc.org
Who is the CEO of Alberta Street Apartments Preservation Inc?
Mary Schoen-Clark is the Director of Alberta Street Apartments Preservation Inc.
Official website here: www.sabincdc.org
What is the revenue of Alberta Street Apartments Preservation Inc?
Alberta Street Apartments Preservation Inc's revenue in 2023 was $158,253.
Official website here: www.sabincdc.org
Who are the executives of Alberta Street Apartments Preservation Inc and what are their salaries?
There 15 volunteers at Alberta Street Apartments Preservation Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.sabincdc.org
Where can I find the form 990 for Alberta Street Apartments Preservation Inc?
Alberta Street Apartments Preservation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sabincdc.org
Learn more at the official website: www.sabincdc.org
Mission Statement of Alberta Street Apartments Preservation Inc
Alberta Street Apartments Preservation Inc is committed to providing low-income housing. This nonprofit organization achieves this mission by operating and maintaining a 24-unit multifamily apartment building specifically catering to families with limited financial resources. By doing so, Alberta Street Apartments Preservation Inc plays a vital role in ensuring that low-income families in Portland, OR have access to comfortable and affordable housing. The organization's efforts contribute to the well-being and stability of these families, enabling them to focus on other aspects of their lives.
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Impact
October, 2024
Alberta Street Apartments Preservation Inc significantly impacts the community by providing low-income housing through the operation and maintenance of a 24-unit multifamily apartment building in Portland, OR. This initiative addresses critical housing needs for low-income families, ensuring they have access to safe and affordable living spaces. The apartments not only enhance the quality of life for residents but also contribute to the stability and sustainability of the community. By focusing on affordable housing, Alberta Street Apartments Preservation helps combat homelessness and housing insecurity in the area, fostering an environment where families can thrive.
This information is meant to be a general summary of Alberta Street Apartments Preservation 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: $2,526
- Program Service Revenue: $155,727
- Gross Receipts: $158,253
Assets and Liabilities:
- Total Assets: $548,386
- Total Liabilities: $305,114
- Net Assets: $243,272
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME AND FEES
Revenue
$153,875
LAUNDRY & VENDING REVENUE
Revenue
$1,852
Organization Details
Founding Year
1996
Phone
(503) 287-3496Principal Officer
Mary Schoen-Clark
Main Address
1488 NE ALBERTA ST, PORTLAND, OR, 97211
Website
www.sabincdc.orgNTEE Category
Code: L80 - Housing
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