Overview
What is 525 Ofarrell Street Inc?
525 O'Farrell Street Inc is a nonprofit organization situated in San Francisco, dedicated to addressing the housing needs of low-income families. Their primary mission is to offer affordable living arrangements by managing an apartment building specifically designed for this demographic. By providing this vital service, the organization seeks to contribute positively to the community, ensuring that families in need have access to secure and reasonably priced housing.
Is 525 Ofarrell Street Inc legitimate?
525 Ofarrell Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 525 Ofarrell Street 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: $17,867
For more financial information, click here
What is the mission statement of 525 Ofarrell Street Inc?
525 Ofarrell Street Inc, as an organization, is committed to providing low-income housing opportunities. Their mission is to operate an apartment building specifically for families with limited financial resources, aiming to make affordable housing available to them. The main objective of 525 Ofarrell Street Inc is to contribute to the housing needs of families who may otherwise face housing challenges. By operating this low-income housing facility, they aim to make a positive impact on the lives of those in need.
Who is the CEO of 525 Ofarrell Street Inc?
Lamar Heystek is the Secretary of 525 Ofarrell Street Inc.
What is the revenue of 525 Ofarrell Street Inc?
525 Ofarrell Street Inc's revenue in 2022 was $292,352.
Who are the executives of 525 Ofarrell Street Inc and what are their salaries?
There 1 volunteer at 525 Ofarrell Street Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $167,662
- Other: $33,124
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 525 Ofarrell Street Inc?
525 Ofarrell Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 525 Ofarrell Street Inc
525 Ofarrell Street Inc, a nonprofit organization, is committed to providing affordable housing opportunities for low-income families. Their mission is to operate a low-income housing apartment building in an unspecified location, with the primary goal of making housing accessible for families who may not be able to afford market rates. By offering affordable housing, 525 Ofarrell Street Inc seeks to contribute positively to its community by ensuring that families have a stable living environment, which is essential for their overall well-being.
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Impact
October, 2024
525 Ofarrell Street Inc plays a crucial role in addressing the affordable housing crisis in San Francisco by providing low-income housing options for families in need. The organization operates an apartment building that serves as a safe and stable living environment, allowing families to thrive without the burden of prohibitive housing costs. By focusing on affordable housing opportunities, 525 Ofarrell Street Inc helps to reduce homelessness and housing instability, enabling residents to access essential resources and support. This initiative not only benefits the families directly involved but also contributes to the overall well-being of the community by promoting economic diversity and social inclusion in a city facing significant housing challenges.
This information is meant to be a general summary of 525 Ofarrell Street 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: $1,095
- Program Service Revenue: $291,257
- Gross Receipts: $292,352
Assets and Liabilities:
- Total Assets: $1,445,996
- Total Liabilities: $4,368,850
- Net Assets: -$2,922,854
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GARAGE & PARKING RENT
Revenue
$11,240
MISC. INCOME
Revenue
$6,011
RENTAL
Revenue
$274,006
Organization Details
Founding Year
1990
Phone
(415) 928-5910Principal Officer
Lamar Heystek
Main Address
1167 MISSION STREET 4TH FLOOR, SAN FRANCISCO, CA, 94103
NTEE Category
Code: L20 - Housing
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