Overview
What is Redwood Shores Senior Housing Inc?
Redwood Shores Senior Housing Inc is a nonprofit organization dedicated to supporting senior citizens by owning and operating an affordable housing project. Aligned with Bridge Housing Corporation's (Bridge) mission, their purpose is to provide low-income housing for seniors, thereby enhancing community development. Their vision encompasses strengthening communities, creating opportunities for seniors, leading in the production of affordable housing, and achieving high customer satisfaction from various stakeholders. Redwood Shores Senior Housing Inc serves as a reliable developer and owner for communities seeking housing solutions, delivering results with a mission-driven approach.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Redwood Shores Senior Housing Inc has demonstrated a commendable performance in the realm of accountability and finance with a solid score of 79%. This score reflects a strong commitment to transparency and effective management, as indicated by their perfect scores in several critical areas such as financial statements oversight and their conflict of interest policy. The organization shows a high program expense ratio of 98.23%, suggesting that most of their funds are directed towards their programs rather than administrative costs.
Additionally, Redwood Shores Senior Housing Inc maintains a sound financial structure, as evidenced by a low liabilities to assets ratio of 2.24%. This indicates that the nonprofit is effectively managing its financial obligations while sustaining its services. The presence of essential policies, such as a whistleblower policy and documented board meeting minutes, further enhances its credibility and integrity.
While the rating reflects strong organizational practices, the overall score being derived from a single beacon could suggest areas for future improvement or diversification in performance metrics. Nonetheless, the organization's solid accountability and finance practices position it favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Redwood Shores Senior Housing Inc legitimate?
Redwood Shores Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redwood Shores Senior Housing 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: $206,241
For more financial information, click here
What is the mission statement of Redwood Shores Senior Housing Inc?
Redwood Shores Senior Housing Inc's mission aligns with that of Bridge Housing Corporation, aiming to further its exempt purposes by providing affordable housing for low-income families and seniors. The organization's primary goal is to strengthen communities by developing, owning, and managing high-quality homes. The vision of Redwood Shores Senior Housing Inc extends beyond housing, aiming to create opportunities for working families and seniors. The organization is recognized as a leader and innovator in the mission-driven business of effective production, operation, and ownership of affordable and mixed-income housing. Redwood Shores Senior Housing Inc strives for the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. It is widely regarded as the go-to developer and owner for communities and public officials seeking a variety of housing solutions, delivering results consistently.
Who is the CEO of Redwood Shores Senior Housing Inc?
Delphine Sherman is the Evp Of Development (Outgoing) of Redwood Shores Senior Housing Inc. The CEO's salary of Redwood Shores Senior Housing Inc is $0 and their total compensation is $538,963.
What is the revenue of Redwood Shores Senior Housing Inc?
Redwood Shores Senior Housing Inc's revenue in 2022 was $1,014,077.
Who are the executives of Redwood Shores Senior Housing Inc and what are their salaries?
Here are 7 key members and their salaries (Redwood Shores Senior Housing 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 Redwood Shores Senior Housing Inc?
Redwood Shores Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Redwood Shores Senior Housing Inc
Redwood Shores Senior Housing Inc, aligned with Bridge Housing Corporation's exempt purposes, strives to provide affordable housing for low-income families and senior citizens. The organization's mission is multifaceted, aiming to strengthen communities by developing, owning, and managing high-quality, affordable homes. By doing so, Redwood Shores Senior Housing Inc creates opportunities for working families and seniors, extending beyond housing.
The vision of Redwood Shores Senior Housing Inc is driven by its goal to be a leader and innovator in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. This vision is reflected in its commitment to earning the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. Furthermore, Redwood Shores Senior Housing Inc is recognized as the go-to developer and owner for public officials, investors, and communities seeking a diverse range of housing solutions, consistently delivering results.
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Impact
July, 2024
Redwood Shores Senior Housing Inc's impact lies in providing essential low-income housing for senior citizens. By owning and operating an affordable housing project for seniors, the organization contributes to the well-being and quality of life for this vulnerable population. Through this initiative, Redwood Shores Senior Housing Inc enables seniors to have a safe and comfortable place to call home, fostering a sense of community and stability within their lives. This not only supports the individuals directly benefiting from the housing but also strengthens the community as a whole by addressing the critical need for affordable housing options for seniors.
This information is meant to be a general summary of Redwood Shores Senior Housing 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.
- Investment Income: $7,537
- Program Service Revenue: $456,468
- Gross Receipts: $1,014,077
Assets and Liabilities:
- Total Assets: $9,794,224
- Total Liabilities: $219,937
- Net Assets: $9,574,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$441,053
ANCILLARY SERVICES
Revenue
$14,585
OTHER INCOME
Revenue
$830
Organization Details
Founding Year
1994
Phone
(415) 989-1111Principal Officer
Delphine Sherman
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L22 - Housing
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