Overview
What is Seminary Avenue Development Corporation?
Seminary Avenue Development Corporation is a nonprofit organization based in Oakland, California, specifically located at 1825 SAN PABLO AVENUE NO 200. Their primary mission is to provide affordable and safe housing for low-income individuals, operating 43 single-room units to meet this need. The corporation strives to ensure decent living conditions for those who may otherwise struggle to secure suitable housing.
Is Seminary Avenue Development Corporation legitimate?
Seminary Avenue Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seminary Avenue Development 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: $72,153
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What is the mission statement of Seminary Avenue Development Corporation?
The Seminary Avenue Development Corporation's mission is centered around providing affordable housing solutions. Specifically, they operate 43 single room units, aiming to offer decent, secure, and economical living spaces to low-income individuals. By doing so, the organization contributes to the community by ensuring that a vulnerable group has access to safe and affordable housing.
Who is the CEO of Seminary Avenue Development Corporation?
Andre H Madeira is the CEO of Seminary Avenue Development Corporation The CEO's salary of Seminary Avenue Development Corporation is $57,828 and their total compensation is $58,881.
What is the revenue of Seminary Avenue Development Corporation?
Seminary Avenue Development Corporation's revenue in 2023 was $680,560.
Who are the executives of Seminary Avenue Development Corporation and what are their salaries?
Here are 7 key members and their salaries (Seminary Avenue Development Corporation's CEO's salary is $57,828 and their total compensation is $58,881):
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- Compensation: $223,500
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- Other: $1,740
- Compensation: $57,828
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- Other: $1,053
- Compensation: $63,462
- Related: $0
- Other: $800
Where can I find the form 990 for Seminary Avenue Development Corporation?
Seminary Avenue Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Seminary Avenue Development Corporation
Seminary Avenue Development Corporation is dedicated to providing low-income individuals with decent, affordable, and safe housing. To accomplish this mission, the organization operates 43 single-room units, serving as a sanctuary for those in need. By offering affordable housing options, Seminary Avenue Development Corporation aims to contribute to the betterment of the community and provide a sense of security and stability for its residents.
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Impact
October, 2024
Seminary Avenue Development Corporation significantly impacts the Oakland community by providing low-income individuals with decent, affordable, and safe housing. Operating 43 single-room units, the organization alleviates homelessness and housing instability, ensuring residents have a stable living environment. This focus on quality housing not only improves individual well-being but also fosters community resilience and supports the overall health of the neighborhood. By addressing the urgent need for affordable housing, the organization plays a crucial role in enhancing the quality of life for many residents in Oakland.
This information is meant to be a general summary of Seminary Avenue Development 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 2023.
- Investment Income: $2,489
- Program Service Revenue: $671,564
- Gross Receipts: $680,560
Assets and Liabilities:
- Total Assets: $2,768,917
- Total Liabilities: $5,191,790
- Net Assets: -$2,422,873
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$671,564
Organization Details
Founding Year
1992
Principal Officer
Lina Sheth
NTEE Category
Code: L21 - Housing
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