Overview
What is Tenants And Owners Development Corp?
Tenants and Owners Development Corp, based in San Francisco, California, is a dedicated nonprofit organization. Their primary mission is to offer affordable housing and resident services in the South of Market neighborhood of San Francisco. They accomplish this by managing various housing projects, including Woolf House III, Woolf House I & II, Ceatrice Polite, Mendelsohn House, Leland Apartments, Coleman House, Knox SRO, Isabel SRO, and Bayanihan SRO Housing Projects. The corporation provides inexpensive daily meals and recreational events for senior residents in these projects. In addition to housing, Tenants and Owners Development Corp also advocates for the community within their area of operation. They have a team of 32 employees dedicated to this cause.
Official website here: www.todco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Tenants And Owners Development Corp has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and accountability. While the organization boasts a fully independent board and has implemented strong governance policies, its financial metrics raise red flags. Notably, the organization fails to disclose its tax forms on its website and has a low program expense ratio, suggesting that a significant portion of its expenses may not be directed towards its core mission.
The strengths of Tenants And Owners Development Corp include its commitment to transparency through the establishment of various policies, such as conflict of interest and whistleblower policies. Additionally, the organization has maintained a majority independent board, which is a positive indicator of governance. However, the lack of accessible financial information and a low program expense ratio highlights potential inefficiencies in fund allocation and raises questions about the organization’s overall impact.
Overall, while Tenants And Owners Development Corp demonstrates a commitment to good governance practices, its financial challenges and lack of transparency regarding its tax forms detract from its overall effectiveness and public trust. Potential donors and supporters may want to exercise caution and seek further information before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Tenants And Owners Development Corp legitimate?
Tenants And Owners Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenants And Owners Development Corp 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: $857,367
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,936,747
For more financial information, click here
Official website here: www.todco.org
What is the mission statement of Tenants And Owners Development Corp?
Tenants and Owners Development Corp is committed to providing affordable housing, resident services, and community advocacy within a specific neighborhood. Their mission is to enhance the living conditions and support system for low-income and elderly individuals in this community. They achieve this by offering affordable daily meals and recreational events through their residential service program, which includes various housing projects. This organization actively works to improve the quality of life for its residents and advocates for their needs within the community.
Official website here: www.todco.org
Who is the CEO of Tenants And Owners Development Corp?
Anna Yee is the CEO of Tenants And Owners Development Corp The CEO's salary of Tenants And Owners Development Corp is $342,076 and their total compensation is $371,937.
Official website here: www.todco.org
What is the revenue of Tenants And Owners Development Corp?
Tenants And Owners Development Corp's revenue in 2024 was $6,655,249.
Official website here: www.todco.org
Who are the executives of Tenants And Owners Development Corp and what are their salaries?
The average compensation at Tenants And Owners Development Corp during 2024 was $111,592. There are 34 employees and 9 volunteers at Tenants And Owners Development Corp.
Here are 18 key members and their salaries (Tenants And Owners Development Corp's CEO's salary is $342,076 and their total compensation is $371,937):
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- Compensation: $314,178
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- Other: $60,651
- Compensation: $219,851
- Related: $0
- Other: $44,514
- Compensation: $342,076
- Related: $0
- Other: $29,861
- Compensation: $114,042
- Related: $0
- Other: $23,055
- Compensation: $203,947
- Related: $0
- Other: $17,306
- Compensation: $147,985
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- Other: $25,592
- Compensation: $145,795
- Related: $0
- Other: $38,096
- Compensation: $143,029
- Related: $0
- Other: $23,395
- Compensation: $142,764
- Related: $0
- Other: $17,105
Official website here: www.todco.org
Where can I find the form 990 for Tenants And Owners Development Corp?
Tenants And Owners Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.todco.org
Learn more at the official website: www.todco.org
Mission Statement of Tenants And Owners Development Corp
Tenants and Owners Development Corp, a nonprofit organization, is committed to providing affordable housing, resident services, and community advocacy for the South of Market neighborhood in San Francisco. Their mission is to enhance the living conditions of low-income individuals and the elderly by offering inexpensive daily meals and recreational events through their Residential Service Program. This program extends beyond their Woolf House III project to include affiliated projects such as Woolf House I & II, Ceatrice Polite, Mendelssohn House, Leland Apartments, Coleman House, Knox SRO, Isabel SRO, and Bayanihan SRO Housing Projects. By offering these services, Tenants and Owners Development Corp aims to contribute positively to the well-being of its community members, ensuring that they have access to essential resources and opportunities for recreation and socialization.
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Impact
July, 2024
Tenants And Owners Development Corp's impact is significant in providing affordable housing, resident services, and community advocacy for the South of Market neighborhood in San Francisco. Their residential service program not only offers inexpensive daily meals and recreation events to senior residents but also supports various housing projects for low-income and elderly individuals in the city. By focusing on these key areas, they play a crucial role in improving the quality of life for vulnerable populations and addressing the housing needs of the community.
This information is meant to be a general summary of Tenants And Owners Development Corp. 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: $577,817
- Program Service Revenue: $3,605,900
- Gross Receipts: $6,913,478
Assets and Liabilities:
- Total Assets: $46,025,302
- Total Liabilities: $7,570,193
- Net Assets: $38,455,109
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERV REIMBURS
Revenue
$1,375,905
MANAGEMENT SERVICES
Revenue
$680,897
INT INC - WOOLF HOUSE
Revenue
$588,926
RENTAL INCOME
Revenue
$519,520
MISCELLANEOUS INCOME
Revenue
$421,236
Organization Details
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