Overview
What is Concord-Plaza Tower Inc?
Concord-Plaza Tower Inc is a nonprofit organization established in Walnut Creek, California. Its primary purpose is to cater to the needs of low-income seniors by developing, owning, and operating an apartment complex comprising 96 rental units in Concord, California. This facility is designed to offer elderly individuals a living space that caters to their physical, social, and psychological requirements, promoting their health, security, happiness, and overall well-being in their later years. The organization's mission also extends to engaging in any other charitable activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)
Concord-Plaza Tower Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial health despite strong accountability measures. The organization showcases a fully independent board and has achieved full points for its audit oversight committee, ensuring proper governance and transparency in operations.
One of the strengths of Concord-Plaza Tower Inc is its impressive program expense ratio, standing at 94.31%. This suggests that a significant portion of its expenditures is directed towards its programs rather than administrative costs. Additionally, the organization has shown no material diversion of assets, reflecting a commitment to ethical financial practices.
However, a notable limitation is its high liabilities to assets ratio, recorded at 136.15%, which raises concerns about financial sustainability. This figure indicates that the organization may have more liabilities than assets, potentially impacting its long-term viability and ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Concord-Plaza Tower Inc legitimate?
Concord-Plaza Tower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord-Plaza Tower 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: $239,951
For more financial information, click here
What is the mission statement of Concord-Plaza Tower Inc?
Concord-Plaza Tower Inc's mission is centered around providing housing, facilities, and services tailored to meet the physical, social, and psychological needs of elderly individuals. The primary objective is to improve their health, ensure their security, foster happiness, and promote their usefulness during their later years of life. Additionally, the organization is open to engaging in any other charitable activities.
Who is the CEO of Concord-Plaza Tower Inc?
Frank Fribley is the Former Pres. of Concord-Plaza Tower Inc.
What is the revenue of Concord-Plaza Tower Inc?
Concord-Plaza Tower Inc's revenue in 2022 was $1,575,582.
Who are the executives of Concord-Plaza Tower Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Concord-Plaza Tower Inc?
Concord-Plaza Tower Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Concord-Plaza Tower Inc
Concord-Plaza Tower Inc, as a nonprofit organization, is committed to providing elderly individuals with housing, facilities, and services that cater to their physical, social, and psychological needs. Its mission is to promote the health, security, happiness, and usefulness of these individuals, enabling them to live fulfilling lives for a longer period. The organization also engages in any other charitable activities, demonstrating its dedication to the well-being of the elderly community. In essence, Concord-Plaza Tower Inc seeks to create an environment where elderly persons can thrive, fostering their overall well-being and independence.
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Impact
July, 2024
Concord-Plaza Tower Inc's impact lies in providing elderly persons with housing, facilities, and services specifically tailored to meet their physical, social, and psychological needs. By offering a secure and supportive living environment for low-income seniors in Concord, California, the organization promotes the health, happiness, and usefulness of its residents in their later years. Through its charitable activities, Concord-Plaza Tower Inc contributes to enhancing the quality of life and well-being of elderly individuals, fostering a sense of community and support among this demographic.
This information is meant to be a general summary of Concord-Plaza Tower 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 2022.
- Investment Income: $19,080
- Program Service Revenue: $1,092,980
- Gross Receipts: $1,575,582
Assets and Liabilities:
- Total Assets: $4,208,810
- Total Liabilities: $5,504,512
- Net Assets: -$1,295,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CABLE CHARGES
Revenue
$27,094
LAUNDRY & TENANT CHARGES
Revenue
$17,698
MISCELLANEOUS INCOME
Revenue
$577
TENANT RENTS
Revenue
$1,047,611
Organization Details
Founding Year
1985
Phone
(925) 951-0762Principal Officer
Frank Fribley
Main Address
590 Lennon Lane Suite 110, Walnut Creek, CA, 94598
NTEE Category
Code: L20Z - Housing
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