Overview
What is Yerba Buena Housing Sites Trust?
Yerba Buena Housing Sites Trust is a nonprofit organization situated in San Francisco, California. Its primary mission is to ensure the long-term financial stability of several low-income housing projects, primarily focusing on Woolf House, Ceatrice Polite Apartments, and Mendelsohn House Apartments. The trust manages these housing projects, which collectively provide accommodation for a substantial number of individuals, including the elderly and individuals with disabilities. The trust provides funding to a not-for-profit organization known as the Tenant and Owners Development Corporation to manage these projects, which include Woolf House I, II & III Apartments (212 units), Ceatrice Polite Apartments (91 units), Mendelsohn House (189 units), Knox SRO (140 units), Leland (24 units), and Hotel Grand Southern SRO (72 units). The trust's activities aim to ensure the smooth operation and maintenance of these housing projects, providing a safe and secure living environment for their residents.
Official website here: www.todco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%, Zero-Star out of Four Star rating
Yerba Buena Housing Sites Trust has received a low rating of 34%, which signifies serious concerns regarding its accountability and financial practices. The score reflects an analysis based solely on financial metrics, indicating a lack of comprehensive performance evaluation. The charity's fiscal year 2023 raised red flags, particularly due to missing policies related to conflict of interest and whistleblower protections, which are critical for maintaining transparency and integrity within nonprofit organizations.
On a positive note, the organization has achieved full marks for having a majority of independent board members and no material diversion of assets, which suggests a commitment to governance standards. Additionally, it has successfully listed its website on its tax form and documented board meeting minutes, showcasing some adherence to good practices in these areas. However, the overall lack of program expenses reported raises concerns about the effectiveness and impact of its initiatives.
Notably, the charity's liabilities to assets ratio of approximately 60% indicates a significant level of financial obligation compared to its assets, which could affect its operational sustainability. The absence of program expenses, coupled with other governance policy failures, suggests that potential donors and stakeholders should approach this organization with caution until improvements are made in these areas.
This AI summary has been generated from information found on Charity Navigator.
Is Yerba Buena Housing Sites Trust legitimate?
Yerba Buena Housing Sites Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yerba Buena Housing Sites Trust 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: $0
For more financial information, click here
Official website here: www.todco.org
What is the mission statement of Yerba Buena Housing Sites Trust?
The Yerba Buena Housing Sites Trust's mission is centered around providing long-term financial stability for several low-income housing projects. These projects include Woolf House, Ceatrice Polite, and Mendelsohn House Apartments. By providing funds, the trust enables a not-for-profit organization, the Tenant and Owners Development Corporation, to manage these housing projects, which cater to low-income, elderly, and disabled individuals. The Trust's role ensures the continued operation of housing units such as Woolf House I, II & III Apartments (212 units), Ceatrice Polite Apartments (91 units), Mendelsohn House (189 units), Knox SRO (140 units), Leland (24 units), and Hotel Grand Southern SRO (72 units). As of fiscal year ended June 30, 2012, no administration fee was earned by the housing administrator.
Official website here: www.todco.org
Who is the CEO of Yerba Buena Housing Sites Trust?
Anna Yee is the Trustee of Yerba Buena Housing Sites Trust.
Official website here: www.todco.org
What is the revenue of Yerba Buena Housing Sites Trust?
Yerba Buena Housing Sites Trust's revenue in 2022 was $4,379.
Official website here: www.todco.org
Who are the executives of Yerba Buena Housing Sites Trust and what are their salaries?
There 1 volunteer at Yerba Buena Housing Sites Trust.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.todco.org
Where can I find the form 990 for Yerba Buena Housing Sites Trust?
Yerba Buena Housing Sites Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.todco.org
Learn more at the official website: www.todco.org
Mission Statement of Yerba Buena Housing Sites Trust
Yerba Buena Housing Sites Trust is a non-profit organization dedicated to ensuring the long-term financial stability of several low-income housing projects in the United States. Among these projects are Woolf House, Ceatrice Polite Apartments, and Mendelsohn House Apartments. The trust's mission is to provide the necessary funds for a Housing Administrator and Tenant and Owners Development Corporation, a not-for-profit organization, to manage these housing projects effectively. These projects are designed to provide affordable housing for low-income individuals, the elderly, and those with disabilities. As of fiscal year ended June 30, 2012, the trust did not charge a housing administration fee to the Housing Administrator. This commitment of Yerba Buena Housing Sites Trust is crucial in maintaining the financial stability of these housing projects, thereby ensuring that these communities continue to thrive.
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Impact
August, 2024
Yerba Buena Housing Sites Trust's impact lies in providing long-term financial stability to low-income housing projects in San Francisco, including Woolf House, Ceatrice Polite, and Mendelsohn House apartments. By offering funds for a housing administrator to manage these properties, the organization supports the well-being of low-income, elderly, and handicapped individuals residing in over 700 housing units. Through its mission to ensure the sustainability of affordable housing options, Yerba Buena Housing Sites Trust plays a crucial role in addressing housing insecurity among vulnerable populations in the community.
This information is meant to be a general summary of Yerba Buena Housing Sites Trust. 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: $4,379
- Gross Receipts: $4,379
Assets and Liabilities:
- Total Assets: $223,055
- Total Liabilities: $124,277
- Net Assets: $98,778
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Organization Details
Founding Year
1986
Phone
(415) 896-1880Principal Officer
Anna Yee
Main Address
230 FOURTH STREET, SAN FRANCISCO, CA, 94103
Website
www.todco.orgNTEE Category
Code: L20I - Housing
If you are a representative of Yerba Buena Housing Sites Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.