Overview
What is Concord Residential Club?
Concord Residential Club is a nonprofit organization situated in Concord, California, specifically at 1870 Adobe Street. Their primary mission revolves around providing affordable housing for individuals who are developmentally disabled or handicapped. The primary objective is to cater to their unique physical, social, and psychological needs, thereby enhancing their overall health, security, happiness, and productivity. They strive to create a supportive living environment that promotes their well-being and enables them to live longer, fulfilling lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Concord Residential Club has earned a Two-Star rating from Charity Navigator, reflecting an overall score calculated primarily from its Accountability & Finance metrics. The organization showcases strong governance practices with a fully independent board, indicating a commitment to transparency and ethical oversight. Additionally, it has implemented effective policies regarding conflict of interest and whistleblowing, which further bolster its accountability framework.
Despite these strengths, the organization faces challenges in its financial health, particularly indicated by a liabilities to assets ratio of 125.72%, which raises concerns about its financial stability. While the program expense ratio is commendable at 100%, the high liabilities suggest that the nonprofit may be over-leveraged or facing operational risks that could impact its long-term viability.
In summary, while Concord Residential Club demonstrates solid governance and accountability, potential donors and stakeholders should consider the financial challenges reflected in its ratings. As the organization continues to operate, maintaining a balance between its programs and financial obligations will be crucial for its sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Concord Residential Club legitimate?
Concord Residential Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord Residential Club 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: $80,885
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What is the mission statement of Concord Residential Club?
The Concord Residential Club's mission is centered around providing affordable housing for individuals with developmental disabilities and handicaps. The organization's primary goal is to create an environment that caters to their unique physical, social, and psychological needs. This aim is to enhance their overall well-being, security, happiness, and productivity, contributing to their improved quality of life. The Corporation operates a 20-unit apartment building, specifically designed to meet these specific needs, promoting health, security, and happiness for its residents.
Who is the CEO of Concord Residential Club?
Bill Maimone is the President of Concord Residential Club.
What is the revenue of Concord Residential Club?
Concord Residential Club's revenue in 2023 was $461,472.
Who are the executives of Concord Residential Club and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Concord Residential Club?
Concord Residential Club's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Concord Residential Club
Concord Residential Club, a nonprofit organization, is dedicated to providing low-income housing for individuals with developmental disabilities. Its mission is centered around creating an environment that caters to the unique physical, social, and psychological needs of these individuals. The organization aims to enhance their quality of life, ensuring their health, security, happiness, and self-sufficiency for an extended period. The Corp's apartment building, housing 20 units, serves as a sanctuary where these individuals can live and receive services tailored to their specific requirements. The ultimate goal is to promote their overall well-being and enable them to lead fulfilling lives.
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Impact
July, 2024
Concord Residential Club has a significant impact on the community by providing low-income housing specifically designed for the developmentally disabled. Their 20-unit apartment building offers residents with special needs a safe and supportive environment tailored to meet their physical, social, and psychological requirements. By promoting the health, security, happiness, and overall well-being of its residents, Concord Residential Club plays a crucial role in ensuring a higher quality of life for individuals with disabilities in Concord, CA.
This information is meant to be a general summary of Concord Residential Club. 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: $150
- Program Service Revenue: $461,322
- Gross Receipts: $461,472
Assets and Liabilities:
- Total Assets: $1,390,293
- Total Liabilities: $1,850,099
- Net Assets: -$459,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry & Other Programs
Revenue
$7,217
Rental Revenue
Revenue
$98,960
Section 8 Housing
Revenue
$355,145
Organization Details
Founding Year
1987
Phone
(925) 825-2091Principal Officer
Bill Maimone
Main Address
1870 Adobe Street, Concord, CA, 94520
NTEE Category
Code: L20 - Housing
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