Overview
What is Older Americans Satellite Housing Inc?
Older Americans Satellite Housing Inc is a nonprofit organization situated in Fresno, California, specifically at 530 W Floradora. Their primary mission is to provide affordable housing for the elderly and disabled, funded by the California Housing Finance Agency (CHFA). The organization's activities revolve around managing and overseeing these housing facilities. With a workforce of 39 employees, Older Americans Satellite Housing Inc strives to cater to the housing needs of this vulnerable demographic, ensuring a safe and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Older Americans Satellite Housing Inc has received an 80% score from Charity Navigator, indicating a solid level of accountability and financial health. This rating is based solely on one beacon score focusing entirely on Accountability & Finance, which underscores the organization's commitment to transparency and responsible management of resources.
The organization excels with 100% independent board members, demonstrating strong governance practices. Additionally, it maintains effective financial oversight, as evidenced by its high scores across various metrics, including a favorable liabilities-to-assets ratio and a well-structured audit committee. These strengths highlight a proactive approach to maintaining financial integrity.
However, the program expense ratio is at 64.80%, which, while decent, suggests that there may be room for improvement in the allocation of funds directly towards programs rather than administrative costs. Overall, while Older Americans Satellite Housing Inc shows strong governance and financial accountability, potential donors might want to consider their program efficiency in relation to their overall mission.
This AI summary has been generated from information found on Charity Navigator.
Is Older Americans Satellite Housing Inc legitimate?
Older Americans Satellite Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Older Americans Satellite Housing 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: $642,305
For more financial information, click here
What is the mission statement of Older Americans Satellite Housing Inc?
Older Americans Satellite Housing Inc is committed to providing low-income housing for the elderly and individuals with disabilities. Their mission, in essence, is to cater to the housing needs of this vulnerable population, ensuring they have a suitable living space. The organization finances its housing projects through the Community Housing and Facilities Administration (CHFA). While the provided information does not detail specific programs or additional support services, it is clear that Older Americans Satellite Housing Inc focuses on providing affordable housing solutions for the elderly and handicapped.
Who is the CEO of Older Americans Satellite Housing Inc?
Patrick Gorman is the President of Older Americans Satellite Housing Inc.
What is the revenue of Older Americans Satellite Housing Inc?
Older Americans Satellite Housing Inc's revenue in 2023 was $1,842,250.
Who are the executives of Older Americans Satellite Housing Inc and what are their salaries?
The average compensation at Older Americans Satellite Housing Inc during 2023 was $16,469. There are 39 employees and 11 volunteers at Older Americans Satellite Housing Inc.
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Where can I find the form 990 for Older Americans Satellite Housing Inc?
Older Americans Satellite Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Older Americans Satellite Housing Inc
Older Americans Satellite Housing Inc, as its name suggests, is an organization dedicated to providing low-income housing for the elderly and handicapped. Their primary mission is to offer a living space for this vulnerable group, ensuring they have a roof over their heads. Financed by the Community Housing and Facilities Fund (C.H.F.A.), the organization allocates its resources towards managing and maintaining these housing units. While the information provided is limited, it is clear that Older Americans Satellite Housing Inc is committed to serving this specific demographic, offering them a secure and affordable living environment.
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Impact
July, 2024
Older Americans Satellite Housing Inc provides crucial low-income housing for the elderly and handicapped in Fresno, CA. Their mission is to ensure that this vulnerable population has access to safe and affordable housing, improving their quality of life and well-being. Through their dedicated efforts, they are addressing a pressing need in the community and making a positive impact on the lives of those they serve.
This information is meant to be a general summary of Older Americans Satellite Housing 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: $18
- Program Service Revenue: $1,776,037
- Gross Receipts: $1,842,250
Assets and Liabilities:
- Total Assets: $1,859,446
- Total Liabilities: $668,856
- Net Assets: $1,190,590
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$1,776,037
Organization Details
Founding Year
1978
Phone
(559) 445-0715Principal Officer
Patrick Gorman
Main Address
530 W FLORADORA, FRESNO, CA, 93728
NTEE Category
Code: L22Z - Housing
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