Overview
What is El Dorado Housing Corporation?
El Dorado Housing Corporation is a nonprofit organization situated in San Francisco, California, specifically at 1385 Mission Street 200. Their primary mission is to offer affordable housing to individuals struggling with mental illness and homelessness. They accomplish this by managing the El Dorado Hotel, which serves as a residence for these clients. The corporation's work is essential in providing these vulnerable individuals with a stable living environment, contributing positively to their well-being and overall community.
Official website here: www.conardhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, Score: 66%)
El Dorado Housing Corporation has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates commendable accountability and financial practices, there are critical areas needing attention. The organization excels in having a majority independent board and a solid conflict of interest policy, showcasing a commitment to governance. However, the low score in financial statements indicates significant transparency issues that could concern potential donors and stakeholders.
The accountability measures in place, such as a whistleblower policy and proper document retention practices, highlight the organization’s efforts to manage its operations responsibly. Additionally, having a program expense ratio of 25 out of 25 indicates that funds are being directed appropriately towards its mission. This reflects positively on its commitment to serving its community.
Despite these strengths, the organization faces challenges with transparency, particularly related to its financial reporting. The absence of financial statements on its website and a concerning liabilities to assets ratio suggests that potential financial risks may not be adequately communicated to stakeholders. Addressing these limitations could enhance trust and encourage greater support for its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is El Dorado Housing Corporation legitimate?
El Dorado Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Dorado Housing Corporation 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: $354,235
For more financial information, click here
Official website here: www.conardhouse.org
What is the mission statement of El Dorado Housing Corporation?
The El Dorado Housing Corporation is devoted to providing low-income housing for individuals struggling with mental illness and homelessness. Their mission is to offer a sanctuary and essential living quarters to those in need, aiming to improve their overall well-being. The corporation's efforts are focused on creating an inclusive living environment where these individuals can reside with dignity and receive necessary support. Currently, they provide housing at the El Dorado Hotel located in San Francisco, California.
Official website here: www.conardhouse.org
Who is the CEO of El Dorado Housing Corporation?
Anne Quaintance is the Board Member of El Dorado Housing Corporation.
Official website here: www.conardhouse.org
What is the revenue of El Dorado Housing Corporation?
El Dorado Housing Corporation's revenue in 2022 was $968,062.
Official website here: www.conardhouse.org
Who are the executives of El Dorado Housing Corporation and what are their salaries?
There 10 volunteers at El Dorado Housing Corporation.
Here are 11 key members and their salaries:
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- Related: $222,393
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Official website here: www.conardhouse.org
Where can I find the form 990 for El Dorado Housing Corporation?
El Dorado Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.conardhouse.org
Learn more at the official website: www.conardhouse.org
Mission Statement of El Dorado Housing Corporation
El Dorado Housing Corporation is committed to providing low-income housing to individuals battling mental illness and homelessness. Their mission is centered around offering a safe and supportive living environment for this vulnerable population, aiming to improve their quality of life. The organization's efforts are not limited to providing a place to reside; they also extend their support to help these individuals regain their footing and rebuild their lives. The corporation's work is carried out at the El Dorado Hotel located in San Francisco, California, serving as a beacon of hope for those in need.
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Impact
July, 2024
El Dorado Housing Corporation's impact is evident in the provision of low-income housing to mentally ill and homeless clients at the El Dorado Hotel in San Francisco, California. Through this initiative, the organization is actively addressing the critical need for affordable housing and support services for vulnerable populations in the city. By offering a safe and stable environment for individuals facing mental health challenges and homelessness, El Dorado Housing Corporation plays a vital role in promoting the well-being and stability of these clients. Their dedication to providing essential human services underscores their commitment to creating a positive impact on the lives of those in need within the community.
This information is meant to be a general summary of El Dorado Housing Corporation. 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: $499
- Program Service Revenue: $381,251
- Gross Receipts: $968,062
Assets and Liabilities:
- Total Assets: $2,387,482
- Total Liabilities: $4,238,587
- Net Assets: -$1,851,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$378,888
OTHER INCOME
Revenue
$2,363
Organization Details
Founding Year
1990
Phone
(415) 864-7833Principal Officer
Anne Quaintance
Main Address
1385 MISSION STREET 200, SAN FRANCISCO, CA, 94103
Website
www.conardhouse.orgNTEE Category
Code: P850 - Human services
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