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Hookston Senior Homes Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 943312528 ✦ Berkeley, CA ✦ Designated as a 501(c)(3)

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Overview

What is Hookston Senior Homes Inc?

Hookston Senior Homes Inc is a California-based nonprofit organization, specifically located at 1835 Alcatraz Avenue, Berkeley, CA 94703. Its primary mission is to provide housing for low-income individuals, addressing the lack of adequate housing for this demographic. The corporation accomplishes this by serving as a limited partner in various partnerships, which collectively offer 211 housing units in Berkeley, 77 units in Oakland, 51 units in Fremont, 17 units in Walnut Creek, and 45 units in Sebastopol. In addition, Hookston Senior Homes Inc is also involved in eight partnerships that are currently developing low-income housing projects within the California Bay Area. The organization's activities align with the mission of Satellite Affordable Housing Associates, a California nonprofit public benefit corporation, with the goal of offering affordable, decent, safe, and sanitary housing and related services to those in need.

Is Hookston Senior Homes Inc legitimate?

Hookston Senior Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hookston Senior Homes 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: $0

For more financial information, click here

What is the mission statement of Hookston Senior Homes Inc?

Hookston Senior Homes Inc's mission is centered around providing housing for individuals with low income. The organization has a threefold mission. Firstly, it aims to offer housing for low-income groups where such housing is not adequately available. Secondly, Hookston Senior Homes Inc acts as a partner in a limited partnership that owns and operates housing for the benefit of low-income individuals who require affordable, decent, safe, and sanitary housing. Lastly, the organization supports the purposes of Satellite Affordable Housing Associates, a California nonprofit public benefit corporation, with similar objectives.

Who is the CEO of Hookston Senior Homes Inc?

Susan Friedland is the Ceo of Hookston Senior Homes Inc. The CEO's salary of Hookston Senior Homes Inc is $0 and their total compensation is $356,101.

What is the revenue of Hookston Senior Homes Inc?

Hookston Senior Homes Inc's revenue in 2022 was $10,411,906.

Who are the executives of Hookston Senior Homes Inc and what are their salaries?


Here are 5 key members and their salaries (Hookston Senior Homes Inc's CEO's salary is $0 and their total compensation is $356,101):


Susan Friedland (Ceo)
  • Compensation: $0
  • Related: $324,750
  • Other: $31,351
Steve Herman (Vp Of Finance)
  • Compensation: $0
  • Related: $80,817
  • Other: $8,006
Mike Jacob (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Chin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Barron (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hookston Senior Homes Inc?

Hookston Senior Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hookston Senior Homes Inc

Hookston Senior Homes Inc is dedicated to providing housing solutions for individuals with low income. The organization's mission encompasses three key areas. Firstly, Hookston Senior Homes Inc aims to provide housing for those who lack adequate options within their community. Secondly, the organization serves as a general partner in a limited partnership that owns and operates housing for low-income individuals in need of affordable, safe, and sanitary living spaces. Lastly, Hookston Senior Homes Inc supports the purposes of Satellite Affordable Housing Associates, a California nonprofit public benefit corporation, in providing housing for underserved communities. This mission reflects Hookston Senior Homes Inc's commitment to addressing housing inequalities and ensuring that low-income individuals have access to decent and secure living environments.

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Impact




October, 2024

Hookston Senior Homes Inc significantly impacts the community by providing essential housing solutions for low-income individuals and families in the California Bay Area. By serving as a limited partner in multiple partnerships, the organization facilitates the creation and management of 211 affordable housing units in Berkeley, 77 units in Oakland, 51 units in Fremont, 17 units in Walnut Creek, and 45 units in Sebastopol. This extensive network not only addresses the critical shortage of affordable housing but also ensures that residents have access to safe, decent, and sanitary living conditions.

The organization is actively involved in developing additional housing projects, expanding its offerings to meet the growing demand for affordable living spaces in the region. Through its efforts, Hookston Senior Homes Inc plays a vital role in enhancing the quality of life for low-income populations, ensuring they have a place to call home where they can thrive. Moreover, by collaborating with the Satellite Affordable Housing Associates, the organization supports a broader mission of equal access to housing, further underscoring its commitment to serving vulnerable communities.




This information is meant to be a general summary of Hookston Senior Homes 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.

Revenue
$10,411,906 (2022)
Expenses
$6,210,311 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,695
  • Program Service Revenue: $6,112,724
  • Gross Receipts: $10,411,906

Assets and Liabilities:

  • Total Assets: $4,342,865
  • Total Liabilities: $47,378
  • Net Assets: $4,295,487

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ALLOCABLE SHARE PS RENTS

Revenue

$6,065,346

ASSET MANAGEMENT FEES

Revenue

$30,385

INVESTOR SERVICES FEES

Revenue

$16,993

Organization Details

Founding Year

1998

Principal Officer

Susan Friedland

Main Address

1835 Alcatraz Avenue, Berkeley, CA, 94703

NTEE Category

Code: L22 - Housing

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