Overview
What is Satellite Senior Homes - Newark Gardens Ii Inc?
Satellite Senior Homes - Newark Gardens II Inc is a nonprofit organization based in Berkeley, California, specifically at 1835 Alcatraz Avenue. Established with the mission to provide affordable rental housing, they cater to low and moderate-income elderly individuals. The organization owns and manages a housing project in Newark, California, comprising 50 units, regulated under Section 202 of the National Housing Act. Their operations are overseen by the U.S. Department of Housing and Urban Development (HUD), ensuring that rental charges, operating methods, and various other aspects adhere to specified regulations. The nonprofit's primary objective is to facilitate comfortable living for elderly individuals who fall under the specified income categories.
Official website here: www.sahahomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Satellite Senior Homes - Newark Gardens II Inc has received a stellar Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The rating is based entirely on a singular beacon score that evaluates various aspects of financial transparency and operational effectiveness. The charity achieved an impressive score of 96 in Accountability & Finance, indicating robust governance and financial practices.
A significant strength of the organization lies in its independent board governance, with 100% of board members being independent. Additionally, the financial oversight mechanisms are well-established, with effective audit and oversight committees in place. The organization has a low ratio of liabilities to assets at 2.22%, showing strong financial stability, and allocates a significant portion of its budget—approximately 87.73%—toward program expenses.
There are no noted limitations in the data, as the organization demonstrates a comprehensive set of policies, including conflict of interest and whistleblower policies, which further underline its commitment to ethical management. Overall, Satellite Senior Homes - Newark Gardens II Inc stands out for its transparency, effective governance, and dedication to serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Satellite Senior Homes - Newark Gardens Ii Inc legitimate?
Satellite Senior Homes - Newark Gardens Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Satellite Senior Homes - Newark Gardens Ii 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: $118,133
For more financial information, click here
Official website here: www.sahahomes.org
What is the mission statement of Satellite Senior Homes - Newark Gardens Ii Inc?
Satellite Senior Homes - Newark Gardens II Inc is committed to providing affordable rental housing for low and moderate-income elderly persons. The organization's primary objective is to cater to this specific demographic, ensuring they have access to suitable living accommodations. The corporation operates a total of 50 rental units for low-income seniors, following regulations set by the Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act, which oversees rent charges, operating methods, and various other aspects. The mission of Satellite Senior Homes - Newark Gardens II Inc is to make affordable housing an attainable reality for elderly individuals with limited income.
Official website here: www.sahahomes.org
Who is the CEO of Satellite Senior Homes - Newark Gardens Ii Inc?
Rauly Butler is the Chairman of Satellite Senior Homes - Newark Gardens Ii Inc. The CEO's salary of Satellite Senior Homes - Newark Gardens Ii Inc is $0 and their total compensation is $356,101.
Official website here: www.sahahomes.org
What is the revenue of Satellite Senior Homes - Newark Gardens Ii Inc?
Satellite Senior Homes - Newark Gardens Ii Inc's revenue in 2023 was $562,058.
Official website here: www.sahahomes.org
Who are the executives of Satellite Senior Homes - Newark Gardens Ii Inc and what are their salaries?
Here are 16 key members and their salaries (Satellite Senior Homes - Newark Gardens Ii Inc's CEO's salary is $0 and their total compensation is $356,101):
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- Other: $31,351
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Official website here: www.sahahomes.org
Where can I find the form 990 for Satellite Senior Homes - Newark Gardens Ii Inc?
Satellite Senior Homes - Newark Gardens Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sahahomes.org
Learn more at the official website: www.sahahomes.org
Mission Statement of Satellite Senior Homes - Newark Gardens Ii Inc
Satellite Senior Homes - Newark Gardens II Inc is dedicated to providing affordable rental housing for low and moderate-income elderly persons. This nonprofit organization's mission is centered around creating a living environment that caters to the needs of senior citizens who may have limited financial resources. To achieve this, Satellite Senior Homes - Newark Gardens II Inc owns and operates several housing projects, totaling 50 rental units specifically designed for low-income seniors. The operation of these units is regulated by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. This regulation ensures that the rental charges, operating methods, and other relevant matters adhere to specific standards, thereby providing a supportive and secure living environment for the elderly residents. In essence, Satellite Senior Homes - Newark Gardens II Inc is committed to making quality housing accessible for elderly individuals with limited financial means, thereby helping them maintain their independence and dignity in their later years.
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Impact
July, 2024
Satellite Senior Homes - Newark Gardens II Inc provides a vital service by offering affordable rental housing for low and moderate-income elderly persons in Newark, California. With a total of 50 rental units, this organization plays a significant role in addressing the housing needs of seniors in the community. By ensuring that these individuals have access to safe and affordable housing, Satellite Senior Homes - Newark Gardens II Inc contributes to improving the quality of life for low-income seniors and helps them to age with dignity and security.
This information is meant to be a general summary of Satellite Senior Homes - Newark Gardens Ii 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 2023.
- Investment Income: $29,222
- Program Service Revenue: $191,322
- Gross Receipts: $562,058
Assets and Liabilities:
- Total Assets: $2,750,438
- Total Liabilities: $61,093
- Net Assets: $2,689,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS INCOME
Revenue
$647
RENTAL INCOME
Revenue
$190,675
Organization Details
Founding Year
1993
Phone
(510) 647-0700Principal Officer
Rauly Butler
Main Address
1835 Alcatraz Avenue, Berkeley, CA, 94703
Website
www.sahahomes.orgNTEE Category
Code: L22 - Housing
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