Overview
What is Heron Court Cooperative?
Heron Court Cooperative is a nonprofit housing organization based in Redwood City, California, managing a cooperative complex with 104 units under the supervision of the U.S. Department of Housing and Urban Development. This community provides affordable living spaces for its residents, adhering to the regulations set by the department.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating.
Heron Court Cooperative has a 72% rating from Charity Navigator, indicating a moderate level of accountability and financial health. Notably, the organization has demonstrated strength in its program expense ratio, dedicating 91.45% of its budget to programs, which is a positive sign for potential supporters. Additionally, the organization has effective policies in place for conflict of interest, whistleblowing, and document retention.
However, the organization faces significant challenges, particularly in governance, as it has 0% independent board members. This lack of independent oversight raises concerns about decision-making and accountability. Furthermore, the nonprofit's website does not include key financial documents, such as its tax form, which detracts from transparency efforts. Overall, while Heron Court Cooperative is effectively using funds for its programs, improvements in governance and transparency could enhance its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Heron Court Cooperative legitimate?
Heron Court Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heron Court Cooperative 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: $395,647
For more financial information, click here
What is the mission statement of Heron Court Cooperative?
The Heron Court Cooperative is a housing complex that operates under the regulation of the U.S. Department of Housing and Urban Development. Its mission is to provide housing for its residents in a cooperative community setting. The cooperative ensures compliance with federal regulations to maintain a safe and secure living environment for its 104 units. The cooperative's primary aim is to provide affordable housing options while adhering to government regulations. Additionally, it may offer opportunities for community building and resident involvement in the management and maintenance of the complex, enhancing the overall living experience.
Who is the CEO of Heron Court Cooperative?
Alfreda Bracksher is the President of Heron Court Cooperative.
What is the revenue of Heron Court Cooperative?
Heron Court Cooperative's revenue in 2022 was $4,120,090.
Who are the executives of Heron Court Cooperative and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Heron Court Cooperative?
Heron Court Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Heron Court Cooperative
Heron Court Cooperative, a 104-unit cooperative housing complex, operates under the regulation of the U.S. Department of Housing and Urban Development. This nonprofit organization provides a community for its residents where they can call home.
The mission of Heron Court Cooperative is centered around managing a cooperative housing complex. Under the oversight of the U.S. Department of Housing and Urban Development, this organization offers a living space for its members. The cooperative nature of the community allows residents to have a voice in the management and governance of their housing complex.
Heron Court Cooperative's commitment to its residents goes beyond just providing housing. By adhering to the regulations set by the U.S. Department of Housing and Urban Development, the organization ensures a safe and stable living environment for all its members. The cooperative structure empowers residents to build a strong sense of community and work together towards common goals.
In summary, Heron Court Cooperative is more than just a housing complex. It is a vibrant cooperative community where its members have a voice, a safe place to call home, and the opportunity to build a supportive network. Through its commitment to its mission and the regulatory framework provided by the U.S. Department of Housing and Urban Development, Heron Court Cooperative offers its residents a place to thrive.
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Impact
October, 2024
Heron Court Cooperative significantly impacts the Redwood City community by providing stable and affordable housing through its 104-unit cooperative housing complex. Regulated by the U.S. Department of Housing and Urban Development, it offers residents a unique model of homeownership that encourages collaboration and community engagement. This cooperative environment fosters a sense of belonging and enables individuals and families to come together, creating a supportive neighborhood.
Additionally, the cooperative supports a pet-friendly policy, allowing residents to share their lives with animals, which can enhance mental well-being and social interaction. By prioritizing both housing stability and community cohesion, Heron Court Cooperative plays a vital role in improving the quality of life for its residents while promoting inclusivity and sustainability within the Redwood City area.
This information is meant to be a general summary of Heron Court Cooperative. 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: $2,016
- Program Service Revenue: $4,118,074
- Gross Receipts: $4,120,090
Assets and Liabilities:
- Total Assets: $13,472,879
- Total Liabilities: $8,840,414
- Net Assets: $4,632,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CARRY CHARGES
Revenue
$4,084,865
LAUNDRY & VENDING
Revenue
$5,862
TENANT CHARGES
Revenue
$1,770
MISCELLANEOUS
Revenue
$25,577
Organization Details
Founding Year
1982
Principal Officer
Alfreda Bracksher
Main Address
350 GUNTER LANE, REDWOOD CITY, CA, 94065
NTEE Category
Code: D200 - Animals
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