Overview
What is Satellite Senior Homes Iii Inc?
Satellite Senior Homes III Inc. is a nonprofit organization, established with the primary goal of offering affordable housing solutions for low-income elderly and handicapped individuals. Based in Berkeley, California, at 1835 Alcatraz Avenue, this organization operates under Section 202 of the National Housing Act and Section 207, as per Section 223(f) of the same act. The organization manages a project consisting of 150 rental units in Newark, California, specifically designed to cater to the physical, social, and psychological needs of its residents. By providing these facilities and services on a nonprofit basis, Satellite Senior Homes III Inc. aims to enhance the health, security, happiness, and overall usefulness of its residents, enabling them to live comfortably and securely for an extended period.
Official website here: www.sahahomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Satellite Senior Homes III Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization has a strong focus on transparency, with full marks in several key areas, including having a majority independent board and robust financial oversight practices. This level of accountability is crucial for ensuring donor trust and effective use of funds.
The organization boasts a high program expense ratio of 90.25%, which indicates that a significant portion of its funding is directed toward its programs rather than administrative costs. This efficient allocation of resources is a positive sign for potential donors looking for impactful charitable contributions. Additionally, the presence of a comprehensive conflict of interest policy and whistleblower protections further indicates a commitment to ethical management practices.
While the overall score is commendable, there is always room for improvement in maintaining and enhancing donor confidence. Continuous improvements in outreach and program effectiveness could elevate the organization’s standing in the eyes of potential supporters and beneficiaries alike.
This AI summary has been generated from information found on Charity Navigator.
Is Satellite Senior Homes Iii Inc legitimate?
Satellite Senior Homes Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Satellite Senior Homes Iii 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: $547,400
For more financial information, click here
Official website here: www.sahahomes.org
What is the mission statement of Satellite Senior Homes Iii Inc?
Satellite Senior Homes III Inc is committed to providing affordable housing and services for low-income elderly and disabled individuals, tailored to meet their physical, social, and psychological needs. The organization aims to enhance their health, security, happiness, and overall usefulness in prolonged living on a non-profit basis. By offering these facilities and services, Satellite Senior Homes III Inc seeks to promote the well-being and fulfillment of its residents, ensuring they can live comfortably and securely in their later years. The corporation operates a housing project with 150 units in Newark, California, regulated by the Department of Housing and Urban Development (HUD).
Official website here: www.sahahomes.org
Who is the CEO of Satellite Senior Homes Iii Inc?
Rauly Butler is the Chairman of Satellite Senior Homes Iii Inc. The CEO's salary of Satellite Senior Homes Iii Inc is $0 and their total compensation is $356,101.
Official website here: www.sahahomes.org
What is the revenue of Satellite Senior Homes Iii Inc?
Satellite Senior Homes Iii Inc's revenue in 2023 was $2,676,254.
Official website here: www.sahahomes.org
Who are the executives of Satellite Senior Homes Iii Inc and what are their salaries?
Here are 16 key members and their salaries (Satellite Senior Homes Iii Inc's CEO's salary is $0 and their total compensation is $356,101):
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- Related: $324,750
- Other: $31,351
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Official website here: www.sahahomes.org
Where can I find the form 990 for Satellite Senior Homes Iii Inc?
Satellite Senior Homes Iii Inc's most recent form 990 was submitted in 2023 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 Iii Inc
Satellite Senior Homes III Inc is a nonprofit organization dedicated to providing affordable housing and services for low-income elderly and handicapped individuals. Their mission is to create an environment that caters to the physical, social, and psychological needs of these residents, promoting their health, security, happiness, and overall usefulness in longer living. The corporation operates a housing project, consisting of 150 rental units, specifically designed for low-income seniors. Regulated by the HUD, the project adheres to certain guidelines, including regulated rent charges, operating methods, and other matters under Section 202 of the National Housing Act and Section 207, pursuant to Section 223(f) of the National Housing Act. In essence, Satellite Senior Homes III Inc aims to offer a safe, supportive, and nurturing living environment for its elderly and handicapped residents, ensuring their well-being and continued independence in their later years.
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Impact
July, 2024
Satellite Senior Homes III Inc's impact is evident in its dedication to providing low-income elderly and handicapped individuals with affordable housing facilities and services that are specifically designed to meet their physical, social, and psychological needs. By offering a total of 150 rental units for low-income seniors in Newark, California, this organization ensures that this vulnerable population has access to housing that promotes their health, security, happiness, and usefulness in longer living. Through its mission and commitment to offering regulated housing that complies with HUD standards, Satellite Senior Homes III Inc plays a critical role in supporting the well-being and quality of life of elderly and handicapped individuals in the community.
This information is meant to be a general summary of Satellite Senior Homes Iii 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: $22,238
- Program Service Revenue: $604,871
- Gross Receipts: $2,676,254
Assets and Liabilities:
- Total Assets: $3,918,623
- Total Liabilities: $7,382,317
- Net Assets: -$3,463,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$812
RENTAL INCOME
Revenue
$603,199
TENANT CHARGES
Revenue
$860
Organization Details
Founding Year
1982
Phone
(510) 647-0700Principal Officer
Rauly Butler
Main Address
1835 Alcatraz Avenue, Berkeley, CA, 94703
Website
www.sahahomes.orgNTEE Category
Code: L210 - Housing
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