Overview
What is Cedar Gardens Apartments?
Cedar Gardens Apartments is a nonprofit organization situated in Stockton, California, specifically at 315 N SAN JOAQUIN ST, dedicated to providing affordable housing solutions for low-income families. They accomplish this mission by managing a HUD apartment project, ensuring accessible and comfortable living spaces for their community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Cedar Gardens Apartments has received a 73% rating, reflecting a focus primarily on accountability and finance. The score indicates a need for improvement in various governance aspects, as the organization scored well on financial ratios but fell short in transparency and policy documentation. The independent board membership shows a commitment to accountability, with a majority of independent members.
Strengths include a 100% program expense ratio, indicating that all funds are directed towards its mission, as well as a commendable liabilities to assets ratio of 19.48%. However, the organization has several weaknesses, such as missing key policies like conflict of interest and whistleblower policies, which are essential for maintaining governance standards and protecting stakeholders.
Overall, while Cedar Gardens Apartments demonstrates strong financial performance and accountability, the lack of essential governance documents and transparency could raise concerns for potential donors and stakeholders. Addressing these shortcomings would enhance their nonprofit credibility and effectiveness in serving their community.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Gardens Apartments legitimate?
Cedar Gardens Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Gardens Apartments 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 Cedar Gardens Apartments?
Cedar Gardens Apartments is dedicated to providing affordable housing options for low-income families. They accomplish this by managing a HUD apartment project, ensuring that suitable living spaces are available for those in need. The apartment complex's mission is to contribute positively to the community by offering a secure and comfortable living environment for its residents. By doing so, Cedar Gardens Apartments aims to foster a sense of stability and support for families who may otherwise face housing challenges. The organization's primary goal is to help these families maintain a decent standard of living while focusing on their personal and family growth.
Who is the CEO of Cedar Gardens Apartments?
Carol Ornelas is the Ceo of Cedar Gardens Apartments. The CEO's salary of Cedar Gardens Apartments is $0 and their total compensation is $0.
What is the revenue of Cedar Gardens Apartments?
Cedar Gardens Apartments's revenue in 2022 was $753,613.
Who are the executives of Cedar Gardens Apartments and what are their salaries?
Here are 3 key members and their salaries (Cedar Gardens Apartments's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cedar Gardens Apartments?
Cedar Gardens Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedar Gardens Apartments
Cedar Gardens Apartments is dedicated to providing low-income housing opportunities for families in need. This mission is accomplished by operating a HUD apartment project. The organization's primary objective is to offer a place to call home for families who are financially disadvantaged, ensuring they have access to safe and affordable living spaces. By operating a HUD apartment project, Cedar Gardens Apartments plays a significant role in addressing housing inequality and providing a steady foundation for low-income families to build their lives upon.
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Impact
July, 2024
Cedar Gardens Apartments provides essential low-income housing to families in need in Stockton, California. By operating a HUD apartment project, they offer a safe and affordable living space for low-income households. This impact ensures that families have a stable place to call home, addressing a basic need that is crucial for their well-being and quality of life. Through their mission, Cedar Gardens Apartments plays a vital role in supporting the community by providing housing opportunities for those who may otherwise struggle to find affordable options.
This information is meant to be a general summary of Cedar Gardens Apartments. 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: $1,017
- Program Service Revenue: $752,596
- Gross Receipts: $753,613
Assets and Liabilities:
- Total Assets: $5,392,696
- Total Liabilities: $1,051,070
- Net Assets: $4,341,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM SERVICE REV
Revenue
$20,709
RENTAL INCOME
Revenue
$731,887
Organization Details
Phone
(209) 466-6811Principal Officer
Carol Ornelas
Main Address
315 N SAN JOAQUIN ST, STOCKTON, CA, 95202
NTEE Category
Code: L20 - Housing
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