Overview
What is Evergreen Terrace Housing Corporation?
Evergreen Terrace Housing Corporation is a nonprofit organization situated in Oakland, California, specifically at 250 East 12th Street. Their primary mission is to provide housing for low-income elderly and disabled individuals, in accordance with Section 202 of the National Housing Act. They carry out this mission in collaboration with the Department of HUD, ensuring that these vulnerable groups have access to a secure living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Evergreen Terrace Housing Corporation has received a two-star rating from Charity Navigator, with an overall score of 67%. While the organization demonstrates strengths such as a fully independent board and a high program expense ratio of over 95%, there are significant concerns regarding its financial oversight and governance policies. The lack of a conflict of interest policy, whistleblower policy, and proper document retention practices presents a risk to the organization's accountability.
The majority of the board members being independent and the absence of any material diversion of assets are positive indicators, suggesting a commitment to governance. However, the liabilities to assets ratio of 155.43% raises concerns about financial stability. This high ratio may affect the organization's ability to meet its long-term obligations, which could impact its operational effectiveness.
Overall, while the organization appears to be effectively utilizing its funds towards its programs, the missing governance documents and poor financial ratios highlight areas needing improvement. Addressing these limitations will be crucial for enhancing transparency and building trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Evergreen Terrace Housing Corporation legitimate?
Evergreen Terrace Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evergreen Terrace Housing Corporation 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: $224,655
For more financial information, click here
What is the mission statement of Evergreen Terrace Housing Corporation?
Evergreen Terrace Housing Corporation is committed to providing housing for low-income elderly and disabled individuals. This is done under Section 202 of the National Housing Act, with the corporation entering into an agreement with the Department of Housing and Urban Development (HUD). The corporation's primary objective is to offer a living space that caters to the needs of this specific demographic, ensuring they have a safe and comfortable environment to call home. By doing so, Evergreen Terrace Housing Corporation plays a significant role in supporting these individuals and contributing to their overall well-being.
Who is the CEO of Evergreen Terrace Housing Corporation?
Bishop Lawrence is the Director of Evergreen Terrace Housing Corporation.
What is the revenue of Evergreen Terrace Housing Corporation?
Evergreen Terrace Housing Corporation's revenue in 2022 was $1,992,754.
Who are the executives of Evergreen Terrace Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Evergreen Terrace Housing Corporation?
Evergreen Terrace Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Evergreen Terrace Housing Corporation
Evergreen Terrace Housing Corporation, as a nonprofit organization, is dedicated to providing housing solutions for low-income elderly and disabled individuals. They operate under Section 202 of the National Housing Act, having entered into an agreement with the Department of Housing and Urban Development (HUD). This mission is centered on offering a secure and supportive living environment that caters to the unique needs of this specific population. By doing so, Evergreen Terrace Housing Corporation empowers its residents to maintain their independence and quality of life, thereby contributing to a more inclusive and equitable community.
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Impact
July, 2024
Evergreen Terrace Housing Corporation plays a crucial role in providing housing for low-income elderly and disabled individuals in Oakland, California. By participating in the Section 202 program of the National Housing Act through an agreement with the Department of Housing and Urban Development (HUD), this organization helps ensure that vulnerable members of the community have access to safe and affordable housing options. The impact of Evergreen Terrace Housing Corporation is evident in its direct assistance to those in need of support, contributing to the well-being and stability of individuals facing economic challenges and housing insecurity. Through its dedicated mission, this organization strengthens the social fabric of the community by addressing the critical need for accessible housing solutions for marginalized populations.
This information is meant to be a general summary of Evergreen Terrace Housing Corporation. 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: $297
- Program Service Revenue: $1,992,457
- Gross Receipts: $1,992,754
Assets and Liabilities:
- Total Assets: $5,667,249
- Total Liabilities: $9,094,046
- Net Assets: -$3,426,797
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO ELDERLY
Revenue
$1,992,457
Organization Details
Founding Year
1982
Phone
(510) 632-6712Principal Officer
Bishop Lawrence
Main Address
250 EAST 12TH ST, OAKLAND, CA, 94606
NTEE Category
Code: L22 - Housing
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