Overview
What is Arbor Vista Inc?
Arbor Vista Inc, established in Berkeley, California, is a nonprofit organization dedicated to serving the needs of low-income senior citizens. The organization operates an affordable housing project, known as Arbor Vista, featuring 80 rental units specifically designed to cater to the physical, social, and psychological needs of its elderly residents. Regulated by the U.S. Department of Housing and Urban Development (HUD), Arbor Vista adheres to regulations regarding rent charges, operating methods, and other relevant matters under Section 202 of the National Housing Act. The mission of Arbor Vista Inc is to provide a supportive and comfortable living environment for elderly individuals, ensuring their well-being on a nonprofit basis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (71%)
Arbor Vista Inc has received a two-star rating from Charity Navigator, indicating a "Needs Improvement" status with an overall score of 71%. The organization demonstrates strong governance indicators, with a fully independent board and solid financial oversight practices, including a high program expense ratio of 92.25%, which suggests that most funds are directed toward its programs.
However, there are notable weaknesses in its accountability measures, such as the absence of critical policies like a whistleblower policy and document retention and destruction guidelines. Additionally, the organization's liabilities to assets ratio is concerning at 170.50%, which may raise questions about its financial stability and management.
While Arbor Vista Inc shows commitment to transparency in certain areas, the lack of essential policies and the high liabilities raise red flags that could affect donor trust and long-term sustainability. Improving these aspects will be crucial for the organization to enhance its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Arbor Vista Inc legitimate?
Arbor Vista Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arbor Vista 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.
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Other Salaries and Wages: $210,230
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What is the mission statement of Arbor Vista Inc?
Arbor Vista Inc is committed to providing elderly individuals with housing facilities that cater to their physical, social, and psychological needs on a non-profit basis. The organization's mission is to offer affordable housing for low-income seniors, ensuring they live in an environment tailored to their specific needs. This is achieved through the operation of housing projects, regulated by the Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act, which oversees rent charges, operating methods, and other related matters.
Who is the CEO of Arbor Vista Inc?
Bob Hoffman is the Vice President of Arbor Vista Inc.
What is the revenue of Arbor Vista Inc?
Arbor Vista Inc's revenue in 2023 was $973,891.
Who are the executives of Arbor Vista Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Arbor Vista Inc?
Arbor Vista Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Arbor Vista Inc
Arbor Vista Inc, a nonprofit organization, is committed to providing elderly individuals with housing facilities that cater to their physical, social, and psychological needs. The corporation's mission is to offer affordable housing units for low-income seniors, ensuring they have a secure and comfortable living environment. Arbor Vista Inc operates on a nonprofit basis, demonstrating its dedication to serving the elderly community's unique needs, going beyond just providing a place to live.
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Impact
July, 2024
Arbor Vista Inc's impact can be seen in its dedicated efforts to provide elderly persons with specially designed housing facilities that cater to their physical, social, and psychological needs. By owning and operating an affordable housing project consisting of 80 rental units for low-income seniors in Livermore, California, Arbor Vista Inc is addressing a critical need in the community. Through this initiative, the organization is ensuring that seniors have access to safe, comfortable, and affordable housing, thus enhancing their quality of life and overall well-being. The regulated nature of the project under HUD guidelines demonstrates Arbor Vista Inc's commitment to providing reliable and sustainable housing options for seniors in need.
This information is meant to be a general summary of Arbor Vista 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: $10,357
- Program Service Revenue: $383,231
- Gross Receipts: $973,891
Assets and Liabilities:
- Total Assets: $5,425,076
- Total Liabilities: $9,250,090
- Net Assets: -$3,825,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$2,059
MISCELLANEOUS INCOME
Revenue
$2,235
RENTAL INCOME
Revenue
$378,737
TENANT CHARGES
Revenue
$200
Organization Details
Founding Year
1996
Phone
(510) 647-0700Principal Officer
Bob Hoffman
Main Address
1835 Alcatraz Avenue, Berkeley, CA, 94703
NTEE Category
Code: L80 - Housing
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