Overview
What is Burbank Housingsr Corporation?
Burbank Housingsr Corporation is a nonprofit organization primarily focused on providing and managing affordable rental housing. They own, operate, and manage properties to cater to individuals and families with limited financial resources. While specific programs or initiatives aren't detailed in the information, it is clear that their mission revolves around providing affordable housing solutions. The corporation's activities aim to ensure that everyone has access to decent and affordable housing, thereby contributing to a more equitable community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 69%
Burbank Housing Corporation has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its financial accountability and transparency. With an overall score of 69%, the organization excels in areas like independent board member presence and conflict of interest policies, but does not meet expectations in critical areas such as independent board size and transparency regarding its financial documents.
While Burbank Housing Corporation demonstrates strong governance practices, including a whistleblower policy and material diversion of assets management, it suffers from limitations in its financial reporting. The absence of posted tax forms and a concerning liabilities to assets ratio suggests potential financial risks that could affect its operational stability and trustworthiness.
The organization performs well in allocating funds towards its programs, achieving a perfect score in the program expense ratio. However, improvement is necessary in enhancing transparency and overall financial health to boost donor confidence and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Burbank Housingsr Corporation legitimate?
Burbank Housingsr Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Burbank Housingsr 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: $123,741
For more financial information, click here
What is the mission statement of Burbank Housingsr Corporation?
The Burbank Housing Corporation is dedicated to managing and providing affordable rental housing. Their mission is to ensure that individuals have access to affordable housing options, overseeing the operation of these properties to meet the needs of their inhabitants. The corporation strives to make a positive impact on the communities they serve, focusing on the provision of affordable housing as a fundamental aspect of a decent quality of life. While the information provided does not specify any additional details about their goals or initiatives, it is clear that Burbank Housing Corporation prioritizes the creation and management of affordable housing for its residents.
Who is the CEO of Burbank Housingsr Corporation?
Lawrance Florin is the Treasurer of Burbank Housingsr Corporation. The CEO's salary of Burbank Housingsr Corporation is $0 and their total compensation is $386,893.
What is the revenue of Burbank Housingsr Corporation?
Burbank Housingsr Corporation's revenue in 2022 was $84,717.
Who are the executives of Burbank Housingsr Corporation and what are their salaries?
There 2 volunteers at Burbank Housingsr Corporation.
Here are 4 key members and their salaries (Burbank Housingsr Corporation's CEO's salary is $0 and their total compensation is $386,893):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $360,388
- Other: $26,505
- Compensation: $0
- Related: $205,649
- Other: $31,368
Where can I find the form 990 for Burbank Housingsr Corporation?
Burbank Housingsr Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Burbank Housingsr Corporation
Burbank Housing Corporation is an organization dedicated to overseeing, managing, and operating affordable rental housing units. Its primary mission revolves around providing affordable housing solutions, ensuring that individuals and families in need have access to suitable living spaces within their means. By managing these housing units, the corporation aims to contribute positively to the community, promoting affordability and stability for its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Burbank Housing Corporation plays a vital role in addressing the affordable housing crisis in Santa Rosa, CA. By owning, operating, and managing affordable rental housing, the organization significantly contributes to the availability of economical living options for low- and moderate-income individuals and families in the community. Their efforts help alleviate housing insecurity and promote stability, enabling residents to thrive in their daily lives.
The impact of Burbank Housing extends beyond providing roofs over heads; it fosters a sense of community and enhances the quality of life for its residents. By prioritizing affordability, Burbank Housing enables diverse populations to access safe and supportive living environments, ultimately contributing to the overall health and well-being of the local community. Their commitment to affordable housing is critical in ensuring that all residents have the opportunity to lead dignified and fulfilling lives.
This information is meant to be a general summary of Burbank Housingsr 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: -$514,474
- Program Service Revenue: $409,419
- Gross Receipts: $599,287
Assets and Liabilities:
- Total Assets: $2,927,541
- Total Liabilities: $6,341,052
- Net Assets: -$3,413,511
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$406,619
OTHER REVENUE
Revenue
$2,800
Organization Details
Founding Year
1993
Phone
(707) 526-9782Principal Officer
Lawrance Florin
Main Address
1425 CORPORATE CENTER PKWY, SANTA ROSA, CA, 95407
NTEE Category
Code: L21 - Housing
If you are a representative of Burbank Housingsr Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.