Overview
What is Hamlin Hotel Corporation?
Hamlin Hotel Corporation serves as the general partner of a limited partnership that manages a low-income housing project. Based in San Francisco, California, this nonprofit organization is committed to contributing to affordable housing by overseeing this project. While the specifics of their involvement, such as the extent of their management and financial contributions, are not detailed, it can be inferred that they play a vital role in ensuring the project's success. The mission of Hamlin Hotel Corporation is to contribute to the provision of affordable housing for individuals who may otherwise struggle to secure it.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
The Hamlin Hotel Corporation has received a low rating of 54%, which translates to a One-Star designation on Charity Navigator. This rating reflects significant concerns regarding the organization’s financial performance, particularly highlighted by a poor Program Expense Ratio of 6.80%, indicating that only a small portion of its resources is directed towards programmatic activities. While the organization has a solid Accountability & Finance score due to its governance practices, this alone does not mitigate concerns about its financial efficiency.
On a positive note, the organization demonstrates strong governance through its independent board structure, with 57% of board members being independent. It also has policies in place for conflict of interest, whistleblower protections, and document retention, all of which are commendable. Despite these strengths in governance, the lack of transparency in certain areas, such as not posting its tax form on the nonprofit's website, raises questions about accountability.
Overall, while Hamlin Hotel Corporation exhibits good governance practices, its low financial efficiency and minimal program expenses are significant drawbacks. The organization needs to improve its allocation of funds towards direct services to enhance its impact and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Hamlin Hotel Corporation legitimate?
Hamlin Hotel Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hamlin Hotel 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: $0
For more financial information, click here
What is the mission statement of Hamlin Hotel Corporation?
Hamlin Hotel Corporation's mission is centered around serving as a general partner in a limited partnership. This partnership is responsible for owning and managing a low-income housing project. The organization's role is essential in providing a living space for individuals with limited financial resources. By being a part of this partnership, Hamlin Hotel Corporation contributes to the operation and management of this affordable housing project, aiming to provide a suitable living environment for those in need.
Who is the CEO of Hamlin Hotel Corporation?
Cindy Louie is the Secretary of Hamlin Hotel Corporation.
What is the revenue of Hamlin Hotel Corporation?
Hamlin Hotel Corporation's revenue in 2022 was $54,704.
Who are the executives of Hamlin Hotel Corporation and what are their salaries?
There 4 volunteers at Hamlin Hotel Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $201,101
- Other: $23,688
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $191,510
- Other: $20,849
- 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 Hamlin Hotel Corporation?
Hamlin Hotel Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hamlin Hotel Corporation
Hamlin Hotel Corporation, as a general partner, is committed to being a part of a limited partnership that manages a low-income housing project. Their mission is to provide affordable living spaces for individuals who may not have the financial means to secure such accommodations otherwise. By partnering with this limited partnership, Hamlin Hotel Corporation plays a crucial role in ensuring that this project is successfully operated and maintained. Their involvement in this venture underscores their dedication to social responsibility and their desire to contribute positively to their community.
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Impact
October, 2024
Hamlin Hotel Corporation plays a crucial role in addressing housing needs within the community by operating a low-income housing project in San Francisco, California. By serving as a general partner in a limited partnership, the organization facilitates the management and maintenance of affordable housing. This impact is significant as it helps provide stable living conditions for individuals and families who may otherwise struggle to secure safe and affordable housing. Through its efforts, Hamlin Hotel Corporation contributes to the overall betterment of the community by promoting accessibility to essential housing resources, ultimately supporting residents' well-being and stability.
This information is meant to be a general summary of Hamlin Hotel 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.
- Program Service Revenue: $54,704
- Gross Receipts: $54,704
Assets and Liabilities:
- Total Assets: $3,186,397
- Total Liabilities: $18,187
- Net Assets: $3,168,210
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM PARTNERSHI
Revenue
$54,704
Organization Details
Founding Year
2014
Phone
(415) 984-1450Principal Officer
Cindy Louie
Main Address
615 GRANT AVE, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L21 - Housing
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