Overview
What is Satellite Senior Homes Ii Inc?
Satellite Senior Homes II Inc is a nonprofit organization, established with the mission to provide affordable rental housing for low-income elderly individuals. Headquartered in Berkeley, California, at 1835 Alcatraz Avenue, the organization manages and operates a total of 150 rental units specifically designed for low-income seniors in Oakland, California. Regulated under Section 202 of the National Housing Act, the project ensures reasonable rent charges and adheres to certain operating methods, ensuring the well-being of its elderly residents.
Official website here: www.sahahomes.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Satellite Senior Homes II Inc has received a solid rating of 81%, reflecting a strong performance in accountability and finance. The score indicates a well-managed organization, particularly excelling in governance and oversight. With an independent board comprising 100% independent members, the organization demonstrates a commitment to transparency and ethical management.
The financial health of Satellite Senior Homes II is commendable, boasting a program expense ratio of 93.33%. This high percentage indicates that most of its expenditures directly support its mission. Additionally, the presence of comprehensive policies, including conflict of interest and whistleblower protections, reinforces its commitment to integrity and accountability.
However, it’s important to note the compensation of key personnel, such as the CEO, which stands at $324,750. While this figure is not uncommon for nonprofit leaders, it may raise questions among some donors regarding salary distribution in relation to the organization's overall mission and financial priorities. Overall, the organization appears to be effectively utilizing its resources to serve its community while maintaining a solid governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Satellite Senior Homes Ii Inc legitimate?
Satellite Senior Homes Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Satellite Senior Homes Ii 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: $601,961
For more financial information, click here
Official website here: www.sahahomes.org
What is the mission statement of Satellite Senior Homes Ii Inc?
Satellite Senior Homes II Inc is committed to providing affordable rental housing for low and moderate-income elderly individuals. This mission is carried out by owning and operating affordable housing projects, such as their project in Oakland, California, which consists of 150 rental units for seniors. Their operations adhere to regulations set by the HUD under Section 202 of the National Housing Act, and later under Section 207, as per Section 223(f) of the National Housing Act. The corporation's primary objective is to make housing accessible for elderly persons who may have limited financial resources.
Official website here: www.sahahomes.org
Who is the CEO of Satellite Senior Homes Ii Inc?
Susan Friedland is the CEO of Satellite Senior Homes Ii Inc The CEO's salary of Satellite Senior Homes Ii Inc is $0 and their total compensation is $370,289.
Official website here: www.sahahomes.org
What is the revenue of Satellite Senior Homes Ii Inc?
Satellite Senior Homes Ii Inc's revenue in 2024 was $3,207,683.
Official website here: www.sahahomes.org
Who are the executives of Satellite Senior Homes Ii Inc and what are their salaries?
Here are 16 key members and their salaries (Satellite Senior Homes Ii Inc's CEO's salary is $0 and their total compensation is $370,289):
- Compensation: $0
- Related: $337,373
- Other: $32,916
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- Related: $204,141
- Other: $41,111
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Official website here: www.sahahomes.org
Where can I find the form 990 for Satellite Senior Homes Ii Inc?
Satellite Senior Homes Ii Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sahahomes.org
Learn more at the official website: www.sahahomes.org
Mission Statement of Satellite Senior Homes Ii Inc
Satellite Senior Homes II Inc is committed to providing affordable rental housing for low and moderate-income elderly individuals. Their mission is centered around creating a living environment that caters to the needs of the elderly, ensuring they can maintain a dignified lifestyle within their means. The corporation owns and operates affordable housing projects, currently offering 150 rental units specifically designed for low-income seniors in Oakland, California. These projects are regulated under the National Housing Act, specifically Section 202 and Section 207, as well as Section 223(f). These regulations ensure that rent charges, operating methods, and other relevant matters are managed in a manner that caters to the financial capabilities of the elderly residents, thereby making housing more accessible for them.
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Impact
July, 2024
Satellite Senior Homes II Inc's impact lies in providing essential affordable rental housing for low and moderate-income elderly persons in Oakland, California. By owning and operating 150 rental units specifically designed for low-income seniors, this organization plays a crucial role in addressing the housing needs of this vulnerable population. Through its regulated operations under HUD guidelines, Satellite Senior Homes II Inc ensures that these seniors have access to safe and affordable living environments, ultimately improving their quality of life and supporting their well-being.
This information is meant to be a general summary of Satellite Senior Homes Ii 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 2024.
- Investment Income: $27,024
- Program Service Revenue: $701,481
- Gross Receipts: $3,207,683
Assets and Liabilities:
- Total Assets: $6,126,033
- Total Liabilities: $7,864,621
- Net Assets: -$1,738,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$3,257
RENTAL REVENUE
Revenue
$698,144
TENANT CHARGES
Revenue
$80
Organization Details
Founding Year
1979
Principal Officer
Rauly Butler
Website
www.sahahomes.orgNTEE Category
Code: L210 - Housing
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