Overview
What is Satellite Affordable Housing Associates Property Management?
Satellite Affordable Housing Associates Property Management is a nonprofit organization situated in Berkeley, California, with a primary focus on managing and operating affordable housing projects primarily for low and moderate-income elderly individuals. The organization provides essential resident services to support the needs of its projects' residents. Its mission is to aid and support Satellite Affordable Housing Associates in fulfilling its purpose by offering management and related services to its affiliates, all of which are California non-profit public benefit corporations established to offer rental housing options for low and moderate-income elderly individuals. With a workforce of 162 employees, Satellite Affordable Housing Associates Property Management is committed to enhancing the living conditions and providing support for this specific demographic.
Official website here: www.sahahomes.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)**
Satellite Affordable Housing Associates Property Management has achieved an impressive 96% rating from Charity Navigator, indicating strong performance in Accountability and Finance. This high score reflects their commitment to transparency and fiscal responsibility, backed by a fully independent board and a low liabilities-to-assets ratio. The organization excels in program expense ratio, demonstrating that a significant majority of their funds are directed toward their mission.
The nonprofit has important policies in place, such as conflict of interest and whistleblower policies, illustrating its dedication to governance and ethical standards. This solid foundation is reinforced by regular audits and oversight, ensuring that they maintain compliance and accountability in their operations.
While user reviews from GreatNonprofits could not be retrieved, the organization's financial practices and governance suggest a strong capacity to effectively manage resources and fulfill its mission in providing affordable housing solutions. The salary figures for key personnel indicate competitive compensation relative to the responsibilities held, reflecting a serious approach to talent management within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Satellite Affordable Housing Associates Property Management legitimate?
Satellite Affordable Housing Associates Property Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Satellite Affordable Housing Associates Property Management 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: $29,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,494,685
For more financial information, click here
Official website here: www.sahahomes.org
What is the mission statement of Satellite Affordable Housing Associates Property Management?
The mission of Satellite Affordable Housing Associates Property Management is to assist and support affiliated non-profit organizations, all of which provide rental housing for low and moderate-income elderly individuals. This is achieved by offering management and related services. The primary goal is to manage and operate affordable housing projects specifically for elderly individuals with limited income, also providing essential resident services for these projects.
Official website here: www.sahahomes.org
Who is the CEO of Satellite Affordable Housing Associates Property Management?
Rauly Butler is the Chairman of Satellite Affordable Housing Associates Property Management.
Official website here: www.sahahomes.org
What is the revenue of Satellite Affordable Housing Associates Property Management?
Satellite Affordable Housing Associates Property Management's revenue in 2022 was $7,479,132.
Official website here: www.sahahomes.org
Who are the executives of Satellite Affordable Housing Associates Property Management and what are their salaries?
The average compensation at Satellite Affordable Housing Associates Property Management during 2022 was $27,924. There are 162 employees at Satellite Affordable Housing Associates Property Management.
Here are 22 key members and their salaries:
- Compensation: $29,020
- Related: $248,455
- Other: $32,507
- Compensation: $0
- Related: $176,705
- Other: $17,061
- Compensation: $162,080
- Related: $0
- Other: $23,227
- Compensation: $118,466
- Related: $0
- Other: $14,520
- Compensation: $112,105
- Related: $0
- Other: $20,253
- Compensation: $116,954
- Related: $0
- Other: $13,612
- Compensation: $115,447
- Related: $0
- Other: $12,472
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Official website here: www.sahahomes.org
Where can I find the form 990 for Satellite Affordable Housing Associates Property Management?
Satellite Affordable Housing Associates Property Management's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sahahomes.org
Learn more at the official website: www.sahahomes.org
Mission Statement of Satellite Affordable Housing Associates Property Management
Satellite Affordable Housing Associates Property Management is dedicated to aiding and strengthening Satellite Affordable Housing Associates in fulfilling its objectives. This is achieved by offering management and related services to its affiliates, all of which are California non-profit public benefit corporations. These affiliates share a common mission: to provide affordable rental housing for low and moderate-income elderly individuals.
In essence, the primary role of Satellite Affordable Housing Associates Property Management is to manage and operate affordable housing projects specifically designed for the elderly with low to moderate incomes. Beyond this, they also provide resident services for these projects. By performing these duties, the organization plays a significant role in ensuring that elderly individuals have access to safe and affordable housing, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
Satellite Affordable Housing Associates Property Management's impact lies in its dedication to managing and operating affordable housing projects for low and moderate-income elderly persons. By providing essential management and related services to its affiliates, this organization plays a crucial role in ensuring that elderly individuals in California have access to safe and affordable housing options. Additionally, through the provision of resident services, Satellite Affordable Housing Associates Property Management enhances the quality of life for residents in these projects. Their commitment to supporting Satellite Affordable Housing Associates' mission demonstrates a tangible effort to address the housing needs of low-income elderly individuals, making a meaningful impact on this vulnerable population.
This information is meant to be a general summary of Satellite Affordable Housing Associates Property Management. 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: $4
- Program Service Revenue: $3,981,686
- Gross Receipts: $7,479,132
Assets and Liabilities:
- Total Assets: $2,977,079
- Total Liabilities: $291,213
- Net Assets: $2,685,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCABLE SHARE PS RENTS
Revenue
$1,923
LEASE UP FEES
Revenue
$255,000
MANAGEMENT FEES
Revenue
$3,296,829
MISCELLANEOUS INCOME
Revenue
$9,452
PROJECT SERVICE FEES
Revenue
$418,482
Organization Details
Founding Year
1966
Phone
(510) 647-0700Principal Officer
Rauly Butler
Main Address
1835 Alcatraz Avenue, Berkeley, CA, 94703
Website
www.sahahomes.orgNTEE Category
Code: L25 - Housing
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