Overview
What is Site K Inc?
Site K Inc serves as the general partner in partnerships that manage and operate affordable housing projects for low-income individuals. The nonprofit organization supports Bridge Housing Corporation (Bridge), which strengthens communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. Their mission is multi-faceted, aiming to create opportunities for these demographics beyond housing, lead in the mission-driven business of effective production and ownership of affordable and mixed-income housing, and earn high customer satisfaction from all stakeholders. Site K Inc's partnership with Bridge positions them as the go-to developer and owner for public officials, investors, and communities seeking various housing solutions, ultimately delivering results.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (59%)
Site K Inc has received a One-Star rating from Charity Navigator, indicating a significant concern regarding its accountability and financial management. The low score reflects a complete lack of independent board members, which raises questions about governance and oversight. While the organization has listed important policies such as conflict of interest and whistleblower protections, it scored poorly in key financial metrics, including a disturbingly high liabilities to assets ratio.
Despite these issues, Site K Inc has a commendable program expense ratio of 99.88%, suggesting that nearly all of its expenses are directed towards its programs. However, the high compensation for key personnel, with salaries exceeding $500,000 for top executives, may also contribute to concerns about financial priorities. Overall, while the organization does demonstrate some effective practices, the lack of independent oversight and significant financial liabilities are prominent weaknesses that potential donors should consider.
The missing website information on the tax form and the overall governance structure indicate areas needing improvement for greater transparency. Stakeholders may want to closely monitor these aspects before making contributions or engaging further with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Site K Inc legitimate?
Site K Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Site K 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: $0
For more financial information, click here
What is the mission statement of Site K Inc?
Site K Inc supports Bridge Housing Corporation (Bridge), an organization that strengthens communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. The mission of Site K Inc is to aid Bridge in its mission, which includes creating opportunities for these groups beyond just housing. Bridge stands out as a leader and innovator in the production, operation, and ownership of affordable and mixed-income housing, earning high satisfaction from all stakeholders. As a go-to developer and owner, Bridge delivers a range of housing solutions for public officials, investors, and communities.
Who is the CEO of Site K Inc?
Delphine Sherman is the Evp Of Development (Outgoing) of Site K Inc. The CEO's salary of Site K Inc is $0 and their total compensation is $538,963.
What is the revenue of Site K Inc?
Site K Inc's revenue in 2022 was $200,387.
Who are the executives of Site K Inc and what are their salaries?
Here are 7 key members and their salaries (Site K Inc's CEO's salary is $0 and their total compensation is $538,963):
- Compensation: $0
- Related: $486,042
- Other: $98,469
- Compensation: $0
- Related: $503,363
- Other: $35,600
- Compensation: $0
- Related: $347,144
- Other: $116,424
- Compensation: $0
- Related: $342,254
- Other: $104,797
- Compensation: $0
- Related: $347,823
- Other: $97,080
- Compensation: $0
- Related: $245,086
- Other: $21,219
- Compensation: $0
- Related: $76,056
- Other: $3,970
Where can I find the form 990 for Site K Inc?
Site K Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Site K Inc
Site K Inc supports Bridge Housing Corporation (Bridge), an organization that aims to strengthen communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. The mission of Site K Inc can be paraphrased as follows: Site K Inc plays a crucial role in empowering Bridge, which strives to create opportunities for working families and seniors beyond just housing. As a leader and innovator in the mission-driven business of affordable and mixed-income housing, Bridge effectively produces, operates, and owns properties that meet the highest standards of customer satisfaction. This satisfaction is achieved from various stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. Site K Inc serves as the go-to developer and owner for public officials, investors, and communities seeking a range of housing solutions, consistently delivering results.
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Impact
October, 2024
Site K Inc plays a vital role in enhancing community well-being by supporting bridge housing initiatives in San Francisco, CA. By focusing on home improvement and providing essential support, Site K Inc positively impacts individuals and families facing housing challenges. Their efforts contribute to creating stable living environments, which are crucial for personal development and community cohesion. Through collaboration with the Bridge Housing Corporation, Site K Inc addresses the immediate needs of those experiencing housing instability while also promoting long-term solutions to improve overall living conditions in the area. This commitment to fostering better housing outcomes significantly enriches the lives of residents and strengthens the community fabric in San Francisco.
This information is meant to be a general summary of Site K 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.
- Program Service Revenue: $198,562
- Gross Receipts: $200,387
Assets and Liabilities:
- Total Assets: $124,851
- Total Liabilities: $7,359,406
- Net Assets: -$7,234,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUND LEASE INCOME
Revenue
$125,000
ASSET MANAGEMENT FEES
Revenue
$73,562
Organization Details
Founding Year
1991
Phone
(415) 989-1111Principal Officer
Delphine Sherman
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L20Z - Housing
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