Overview
What is Las Bougainvilleas Senior Housing Inc?
Las Bougainvilleas Senior Housing Inc is a nonprofit organization situated in Oakland, California. Their primary focus is to provide housing for low-income senior citizens, ensuring their well-being, security, and happiness. Operating under Section 202 of the National Affordable Housing Act, they manage an apartment complex consisting of 68 units specifically designed for this demographic. The organization's mission revolves around offering a residential space for elderly individuals, aiming to improve their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Las Bougainvilleas Senior Housing Inc has earned an 87% score from Charity Navigator, reflecting a solid performance in accountability and finance. The organization has achieved a Three-Star rating, which indicates a strong commitment to transparency and effective management of resources. The overall score is derived entirely from an accountability and finance beacon, showcasing the nonprofit's emphasis on maintaining high standards in these areas.
The organization scored exceptionally well in various categories, including 100% independent board members and a robust financial oversight structure. It has established important policies such as conflict of interest, whistleblower, and document retention, which contribute to its governance and ethical standards. Additionally, with a program expense ratio of 92.91%, it demonstrates a strong focus on directing funds toward its mission.
However, the liabilities to assets ratio is at 59.77%, which while not alarming, indicates that the organization should remain mindful of its financial leverage. Overall, Las Bougainvilleas Senior Housing Inc demonstrates a commendable level of accountability and finance management, making it a trustworthy option for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Las Bougainvilleas Senior Housing Inc legitimate?
Las Bougainvilleas Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Bougainvilleas 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: $299,357
For more financial information, click here
What is the mission statement of Las Bougainvilleas Senior Housing Inc?
Las Bougainvilleas Senior Housing Inc's mission is centered around providing elderly individuals with housing and fostering their overall well-being. The organization strives to enhance their health, ensure their security, and contribute to their happiness. In pursuit of this mission, they operate a non-profit apartment complex, offering affordable units for low-income seniors. The complex, located in Oakland, California, operates under Section 202 of the National Affordable Housing Act.
Who is the CEO of Las Bougainvilleas Senior Housing Inc?
Christopher Iglesias is the CEO of Las Bougainvilleas Senior Housing Inc The CEO's salary of Las Bougainvilleas Senior Housing Inc is $0 and their total compensation is $419,262.
What is the revenue of Las Bougainvilleas Senior Housing Inc?
Las Bougainvilleas Senior Housing Inc's revenue in 2024 was $1,034,427.
Who are the executives of Las Bougainvilleas Senior Housing Inc and what are their salaries?
Here are 15 key members and their salaries (Las Bougainvilleas Senior Housing Inc's CEO's salary is $0 and their total compensation is $419,262):
- Compensation: $0
- Related: $393,114
- Other: $26,148
- Compensation: $0
- Related: $333,441
- Other: $19,291
- Compensation: $0
- Related: $216,741
- Other: $15,606
- Compensation: $0
- Related: $121,510
- Other: $11,978
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- Other: $0
Where can I find the form 990 for Las Bougainvilleas Senior Housing Inc?
Las Bougainvilleas Senior Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Las Bougainvilleas Senior Housing Inc
Las Bougainvilleas Senior Housing Inc is dedicated to serving elderly individuals by providing them with housing and enhancing their overall well-being. The organization's mission is to promote the health, security, and happiness of its senior residents. By owning and managing a complex of 68 rental units specifically designed for low-income seniors, Las Bougainvilleas Senior Housing Inc strives to create a supportive environment where elderly people can live comfortably and securely. The nonprofit operates under Section 202 of the National Affordable Housing Act, demonstrating its commitment to making housing accessible for seniors who may be financially disadvantaged.
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Impact
July, 2024
Las Bougainvilleas Senior Housing Inc provides a crucial service by offering housing to low-income seniors in Oakland, California. By owning and operating an apartment complex with 68 rental units specifically designed for elderly individuals, this organization directly impacts the lives of seniors in need. Their mission to promote the health, security, and happiness of elderly persons is reflected in the tangible support they provide through affordable housing. Through this initiative, Las Bougainvilleas Senior Housing Inc plays a vital role in addressing the housing needs of low-income seniors and ensuring they have a safe and supportive environment to call home.
This information is meant to be a general summary of Las Bougainvilleas 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 2024.
- Investment Income: $7,191
- Program Service Revenue: $324,925
- Gross Receipts: $1,034,427
Assets and Liabilities:
- Total Assets: $3,891,764
- Total Liabilities: $2,161,534
- Net Assets: $1,730,230
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$5,314
MISCELLANEOUS INCOME
Revenue
$1,325
RENTAL INCOME
Revenue
$317,536
TENANT CHARGES
Revenue
$750
Organization Details
Founding Year
1997
Principal Officer
Christopher Iglesias
NTEE Category
Code: L220 - Housing
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