Overview
What is Del Monte Manor Inc?
Del Monte Manor Inc is a nonprofit organization based in Seaside, California, located at 1466 Yosemite Street. During the COVID-19 pandemic, the organization dealt with additional challenges while undergoing a significant property renovation, costing $41 million. To expand its operations, Del Monte Manor Inc hired a consultant, EMC Planning of Monterey, to conduct a feasibility study for a potential low-income housing project. The nonprofit is planning to expand its board to seven members and will consider acquiring or developing a new low-income project in the 2024-2025 period. Del Monte Manor Inc's primary mission is to provide affordable housing for very low and moderate-income individuals in Seaside.
Is Del Monte Manor Inc legitimate?
Del Monte Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Del Monte Manor 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: $2,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Del Monte Manor Inc?
Del Monte Manor Inc is committed to providing affordable housing for individuals with low and moderate income levels. The organization has been actively working to renovate its property, despite the challenges posed by the pandemic. Recently, they considered purchasing a low-income housing project to expand their services. The board of Del Monte Manor Inc is planning to increase its size and is looking forward to acquiring or developing a new low-income project by 2024-2025. Their goal remains steadfast in providing affordable housing, ensuring that individuals in need have a place to call home.
Who is the CEO of Del Monte Manor Inc?
Darryl Choates is the CEO of Del Monte Manor Inc The CEO's salary of Del Monte Manor Inc is $1,650 and their total compensation is $1,650.
What is the revenue of Del Monte Manor Inc?
Del Monte Manor Inc's revenue in 2024 was $1,146,923.
Who are the executives of Del Monte Manor Inc and what are their salaries?
Here are 3 key members and their salaries (Del Monte Manor Inc's CEO's salary is $1,650 and their total compensation is $1,650):
- Compensation: $1,650
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
Where can I find the form 990 for Del Monte Manor Inc?
Del Monte Manor Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Del Monte Manor Inc
Del Monte Manor Inc, as a non-profit organization, is committed to providing affordable housing for individuals with very low and moderate incomes. This mission is a vital part of their operations, aiming to make housing accessible for a significant portion of the population. The organization has been navigating additional challenges during the pandemic, alongside a substantial property renovation project worth $41 million. Despite these challenges, Del Monte Manor Inc continues to strive towards its mission, considering potential acquisitions or developments for a new low-income housing project in the future. The board has authorized contracting with a local realtor for a site location or available buildings that can be converted into low-income housing, with plans to move forward with this project during the 2024-2025 period.
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Impact
October, 2024
Del Monte Manor Inc significantly impacts the Seaside community by enhancing affordable housing availability for very low and moderate-income individuals. Its recent endeavors include a comprehensive $41 million property renovation that took place during the challenging COVID-19 pandemic years of 2020 to 2022. This upgrade not only improves living conditions but also invests in the community's long-term stability.
The organization is actively working on expanding its reach and influence, planning to increase its board size to seven members to better govern and oversee future projects. A crucial part of their strategy involves a feasibility study undertaken with EMC Planning of Monterey, aimed at acquiring a 40-unit low-income housing project. This step indicates a commitment to not just maintaining but enlarging the footprint of affordable housing in the area.
Looking ahead, Del Monte Manor Inc is poised to initiate new projects in the 2024-2025 timeframe, as it collaborates with local realtors to identify suitable properties for conversion into low-income housing. This proactive approach addresses critical housing shortages, contributing to the socio-economic well-being of Seaside's residents and fostering a more inclusive community environment.
This information is meant to be a general summary of Del Monte Manor 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 2024.
- Investment Income: $1,043,084
- Program Service Revenue: $103,839
- Gross Receipts: $1,146,923
Assets and Liabilities:
- Total Assets: $39,944,116
- Total Liabilities: $0
- Net Assets: $39,944,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$103,839
Organization Details
Founding Year
1968
Principal Officer
Darryl Choates
NTEE Category
Code: L21 - Housing
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