Overview
What is San Veron Park Corporation?
San Veron Park Corporation is a nonprofit organization situated in Foster City, California, specifically at 303 Vintage Park Drive 230. Its primary focus is on providing affordable housing under Section 236 of the National Housing Act. The organization operates an affordable housing complex that cater to the permanent independent living needs of adults with developmental disabilities. In collaboration with related organizations, such as Midpen Housing Corporation, the mission of San Veron Park Corporation is to ensure the provision of high-quality, safe, and affordable housing to those in need. The ultimate goal is to establish stability and opportunities in the lives of its residents, fostering diverse communities where individuals from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
San Veron Park Corporation has achieved a high level of accountability and finance, reflected in its impressive 94% score from Charity Navigator. This score indicates strong oversight and transparency in the organization’s financial practices, which is critical for establishing trust among donors and stakeholders. The organization’s commitment to maintaining an independent board and rigorous financial oversight is evident as they scored full points in several key areas, including the majority of independent board members and an effective audit and oversight committee.
Strengths of the San Veron Park Corporation include its solid governance practices, with 100% of board members being independent and a robust conflict of interest policy in place. Additionally, the organization has demonstrated responsibility in managing its finances, evidenced by a high program expense ratio of 97.53%, ensuring that the majority of funds are directed toward its mission. Their commitment to ethical practices is further highlighted by having comprehensive whistleblower and document retention policies.
While the ratings and policies indicate a well-structured organization, it’s important for potential donors to continually assess how effectively the San Veron Park Corporation executes its programs and achieves its mission on the ground. The absence of any reported material diversions of assets further enhances their credibility, although ongoing transparency in program outcomes will remain critical for maintaining their esteemed rating.
This AI summary has been generated from information found on Charity Navigator.
Is San Veron Park Corporation legitimate?
San Veron Park Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Veron Park Corporation 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: $56,284
For more financial information, click here
What is the mission statement of San Veron Park Corporation?
San Veron Park Corporation, in collaboration with related organizations, has a mission to provide safe and affordable housing of high quality for individuals in need. This organization specifically focuses on providing such housing for adults with developmental disabilities, enabling them to live independently. Their goal is to establish stability and opportunities in the lives of their residents, fostering diverse communities where people from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect.
Who is the CEO of San Veron Park Corporation?
Matthew O Franklin is the Ceo/President/Asst. Secretary of San Veron Park Corporation. The CEO's salary of San Veron Park Corporation is $0 and their total compensation is $660,095.
What is the revenue of San Veron Park Corporation?
San Veron Park Corporation's revenue in 2022 was $974,590.
Who are the executives of San Veron Park Corporation and what are their salaries?
Here are 19 key members and their salaries (San Veron Park Corporation's CEO's salary is $0 and their total compensation is $660,095):
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- Related: $606,526
- Other: $53,569
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- Related: $402,180
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- Related: $420,159
- Other: $55,781
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- Related: $459,933
- Other: $42,379
- Compensation: $0
- Related: $292,945
- Other: $43,099
Where can I find the form 990 for San Veron Park Corporation?
San Veron Park Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of San Veron Park Corporation
San Veron Park Corporation, an organization dedicated to providing affordable housing, embraces a mission that extends beyond just offering living spaces. In conjunction with related organizations, its mission is to ensure the safety and affordability of high-quality housing for those in need. The organization strives to establish stability and opportunities in the lives of its residents, allowing them to thrive. Furthermore, San Veron Park Corporation fosters diverse communities, promoting an environment where individuals from various ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. The organization's commitment to affordable housing and community development is a testament to its dedication to improving the lives of adults with developmental disabilities, providing them with a permanent independent living environment.
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Impact
July, 2024
San Veron Park Corporation's impact lies in providing permanent independent living for adults with developmental disabilities through its affordable housing complex. By offering low-income housing rentals under Section 236 of the National Housing Act, the organization ensures that individuals in need have a stable and safe place to call home. This initiative not only addresses the housing needs of a vulnerable population but also contributes to establishing stability and opportunity in the lives of residents. Additionally, by fostering diverse communities where people from all backgrounds can live in dignity, harmony, and mutual respect, San Veron Park Corporation plays a crucial role in promoting inclusivity and social cohesion.
This information is meant to be a general summary of San Veron Park Corporation. 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: $3,248
- Program Service Revenue: $391,906
- Gross Receipts: $974,590
Assets and Liabilities:
- Total Assets: $1,751,297
- Total Liabilities: $877,359
- Net Assets: $873,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$385,255
OTHER INCOME
Revenue
$6,651
Organization Details
Founding Year
1971
Phone
(650) 356-2900Principal Officer
Matthew O Franklin
Main Address
303 VINTAGE PARK DRIVE 250, FOSTER CITY, CA, 94404
NTEE Category
Code: L21 - Housing
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