Overview
What is San Lorenzo Ruiz Center Inc?
San Lorenzo Ruiz Center Inc is a nonprofit organization situated in San Francisco, California, with a specific focus on providing affordable housing for the elderly and disabled. Funded through HUD's Section 8 program, the organization received a significant portion of its income in 2021 from the U.S. Department of Housing and Urban Development, totaling $1,423,613. The organization's primary activity involves managing a 147-unit apartment building, offering housing assistance to those in need. In addition to receiving government funding, the center also generates rental income from its tenants, amounting to $865,721 in 2021. The organization's operations are supported by a team of eight employees.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (52%)
San Lorenzo Ruiz Center Inc has received a low rating of 52%, reflecting significant concerns in its accountability and financial transparency. While the charity boasts a fully independent board, which is a positive aspect, it lacks essential financial documentation and policies that are critical for maintaining trust and operational integrity.
The organization has not provided necessary financial statements, leading to a complete score of zero in that area. Additionally, the absence of key policies such as conflict of interest and whistleblower policies raises questions about governance practices. Despite these limitations, the charity shows a strong commitment to program spending, as indicated by its 100% program expense ratio.
Overall, while San Lorenzo Ruiz Center Inc demonstrates some strengths in board independence and program funding, serious gaps in financial transparency and governance policies are evident, which may hinder donor confidence and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is San Lorenzo Ruiz Center Inc legitimate?
San Lorenzo Ruiz Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Lorenzo Ruiz Center 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: $322,150
For more financial information, click here
What is the mission statement of San Lorenzo Ruiz Center Inc?
San Lorenzo Ruiz Center Inc's mission is centered around providing low-income housing opportunities for the elderly and handicapped. They accomplish this under the Department of Housing & Urban Development's Section 8 housing assistance program. The organization operates a 147-unit apartment building, offering a home to individuals in need. Their primary activity involves managing this housing facility, ensuring it serves as a secure and affordable living space for eligible residents. The Center receives funding from the U.S. Department of Housing & Urban Development, which significantly contributes to their income. In 2021, they received $1,423,613 in contract income from HUD, and $865,721 in rental income from their tenants. Additionally, they earned $667 in interest income that year.
Who is the CEO of San Lorenzo Ruiz Center Inc?
Jesus Abulencia is the President of San Lorenzo Ruiz Center Inc.
What is the revenue of San Lorenzo Ruiz Center Inc?
San Lorenzo Ruiz Center Inc's revenue in 2022 was $2,332,107.
Who are the executives of San Lorenzo Ruiz Center Inc and what are their salaries?
The average compensation at San Lorenzo Ruiz Center Inc during 2022 was $40,269. There are 8 employees at San Lorenzo Ruiz Center Inc.
Here are 4 key members and their salaries:
- Compensation: $104,525
- Related: $0
- Other: $0
- Compensation: $98,000
- Related: $0
- Other: $0
- Compensation: $56,119
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for San Lorenzo Ruiz Center Inc?
San Lorenzo Ruiz Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of San Lorenzo Ruiz Center Inc
San Lorenzo Ruiz Center Inc is dedicated to fulfilling its mission of providing low-income housing for the elderly and handicapped. This nonprofit organization operates under the Department of Housing & Urban Development's Section 8 housing assistance program, which is designed to help individuals in need of affordable housing. The center operates a 147-unit apartment building, catering specifically to low-income elderly and handicapped individuals. In 2021, the organization received a significant portion of its income from the U.S. Department of Housing & Urban Development, totaling $1,423,613 in contract income. The tenants of the apartment building also contributed to the organization's income, with rental payments of $865,721 in the same year. Additionally, the organization earned $667 in interest income during 2021. Overall, San Lorenzo Ruiz Center Inc is committed to providing a safe and affordable living environment for vulnerable individuals, thereby enhancing their quality of life.
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Impact
July, 2024
San Lorenzo Ruiz Center Inc's impact can be seen through its dedication to providing low-income housing for the elderly and handicapped in San Francisco. The organization operates a 147-unit apartment building under the Department of Housing & Urban Development's Section 8 program. By offering affordable housing options, San Lorenzo Ruiz Center Inc plays a crucial role in ensuring that vulnerable populations have a safe and secure place to live. Additionally, the organization's receipt of government funding underscores the recognition of its importance in addressing housing needs within the community.
This information is meant to be a general summary of San Lorenzo Ruiz Center 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 2022.
- Investment Income: $7,593
- Program Service Revenue: $2,324,514
- Gross Receipts: $2,332,107
Assets and Liabilities:
- Total Assets: $3,440,724
- Total Liabilities: $3,307,374
- Net Assets: $133,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD rents collected from low incoming housing
Revenue
$2,324,514
Organization Details
Founding Year
1977
Phone
(415) 495-5007Principal Officer
Jesus Abulencia
Main Address
50 Rizal Street, San Francisco, CA, 94107
NTEE Category
Code: L210 - Housing
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