Overview
What is Allen Temple Development Corp No 1?
Allen Temple Development Corp No 1 is a California-based nonprofit organization, established in 1972. Its primary mission is to offer affordable housing opportunities for elderly and handicapped individuals with low and moderate incomes. Specifically, it manages and operates a 75-unit apartment community named Allen Temple Arms I, situated in Oakland, California. This nonprofit corporation's aim is to provide a safe and comfortable living environment for the specified demographic, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Allen Temple Development Corp No 1 has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score of 94% is a testament to the charity's commitment to transparency and effective financial management. The organization stands out for having 85% of its board members as independent, which enhances governance and reduces potential conflicts of interest.
The charity has demonstrated excellence in its financial practices, evidenced by a program expense ratio of 78.75%, indicating that a significant portion of its budget is directed towards programmatic activities. Additionally, the organization has a strong liabilities to assets ratio of 6.07%, showcasing fiscal responsibility and a stable financial position. Policies regarding conflict of interest, whistleblowing, and document retention are in place, further emphasizing the organization's accountability.
While the strengths highlighted contribute to a solid reputation, it is essential for potential donors and stakeholders to consider ongoing monitoring of the nonprofit's activities and financial health. Overall, the positive assessment from Charity Navigator suggests that Allen Temple Development Corp No 1 is a well-managed organization making a meaningful impact.
This AI summary has been generated from information found on Charity Navigator.
Is Allen Temple Development Corp No 1 legitimate?
Allen Temple Development Corp No 1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allen Temple Development Corp No 1 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.
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What is the mission statement of Allen Temple Development Corp No 1?
Allen Temple Development Corp No 1 is committed to providing affordable housing for elderly and handicapped individuals with low and moderate income. Established in 1972, the corporation owns and operates a 75-unit apartment community, known as Allen Temple Arms I, with the primary objective of offering affordable housing options for this specific demographic. Their mission is centered around ensuring that these individuals have access to suitable living spaces, thereby contributing to their overall well-being and independence.
Who is the CEO of Allen Temple Development Corp No 1?
Tifia Napier-Morales is the Principal Officer of Allen Temple Development Corp No 1.
What is the revenue of Allen Temple Development Corp No 1?
Allen Temple Development Corp No 1's revenue in 2022 was $1,268,401.
Who are the executives of Allen Temple Development Corp No 1 and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Allen Temple Development Corp No 1?
Allen Temple Development Corp No 1's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Allen Temple Development Corp No 1
Allen Temple Development Corp No 1, established in 1972, is a California-based non-profit organization with a mission to provide affordable housing for elderly and handicapped individuals of low and moderate income. The corporation owns and operates a 75-unit apartment community known as Allen Temple Arms I, located in Oakland, California. This community serves as a vital residence for those who fall under the specified income categories, ensuring they have access to comfortable and affordable living spaces. The organization's mission is deeply rooted in the belief that every individual deserves a decent living environment, regardless of their age or physical abilities, thereby contributing positively to their overall well-being.
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Impact
July, 2024
Allen Temple Development Corp No 1's impact is significant as it provides affordable housing for elderly and handicapped individuals of low and moderate income. Through its 75-unit apartment community, Allen Temple Arms I in Oakland, California, this organization helps meet the housing needs of vulnerable populations, ensuring they have a safe and affordable place to live. Its mission to support those in need by offering housing options that accommodate their financial circumstances is crucial in promoting stability and dignity for these individuals. Allen Temple Development Corp No 1 plays a vital role in addressing housing challenges and improving the quality of life for seniors and disabled individuals in the community.
This information is meant to be a general summary of Allen Temple Development Corp No 1. 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: $2,061
- Program Service Revenue: $336,438
- Gross Receipts: $1,268,401
Assets and Liabilities:
- Total Assets: $1,858,062
- Total Liabilities: $112,943
- Net Assets: $1,745,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$336,438
Organization Details
Founding Year
1972
Phone
(925) 924-7100Principal Officer
Tifia Napier-Morales
Main Address
1900 HUNTINGTON DRIVE, DUARTE, CA, 91010
NTEE Category
Code: L210 - Housing
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