Overview
What is Ellis Street Inc?
Ellis Street Inc is a nonprofit organization situated in San Francisco, California, with an address at 201 Eddy Street. Its primary mission is to provide affordable housing options for low and extremely low-income individuals, particularly senior citizens. This initiative serves as a vital component in supporting the Tenderloin Neighborhood Development Corporation's objectives. In 2022, Ellis Street Inc's key activities encompassed offering housing opportunities for the economically disadvantaged, contributing to the betterment of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Ellis Street Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 79% primarily based on their Accountability and Finance metrics. The rating indicates a strong commitment to financial transparency and governance, with an impressive program expense ratio of 99.72%. The organization benefits from an independent board with 100% of its members being independent, which enhances accountability.
The nonprofit exhibits commendable practices, such as having a whistleblower policy, a conflict of interest policy, and proper documentation of board meeting minutes. These factors contribute positively to its accountability score. However, a significant concern arises from their liabilities to assets ratio, which stands at an unusually high 2861.17%, suggesting potential financial risk or strain that may need addressing.
Overall, while Ellis Street Inc demonstrates solid governance and program expense management, the high liabilities may warrant further scrutiny. The organization's strengths in policies and independent oversight provide a strong foundation, yet attention to financial liabilities could enhance its sustainability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Ellis Street Inc legitimate?
Ellis Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ellis Street 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 Ellis Street Inc?
Ellis Street Inc's mission is centered around providing housing opportunities for individuals with low and extremely low income, particularly seniors. This organization supports the Tenderloin Neighborhood Development Corporation in achieving its purpose. In 2022, one of their key activities involved offering affordable housing for this demographic. They serve as a general partner in Ellis Street Associates LP and Curran House LP, which own and operate low income housing for the benefit of low income families and individuals. Essentially, Ellis Street Inc is dedicated to contributing to housing solutions for economically disadvantaged individuals.
Who is the CEO of Ellis Street Inc?
Maurilio Leon is the CEO of Ellis Street Inc The CEO's salary of Ellis Street Inc is $0 and their total compensation is $348,876.
What is the revenue of Ellis Street Inc?
Ellis Street Inc's revenue in 2023 was $50,585.
Who are the executives of Ellis Street Inc and what are their salaries?
There 15 volunteers at Ellis Street Inc.
Here are 19 key members and their salaries (Ellis Street Inc's CEO's salary is $0 and their total compensation is $348,876):
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- Related: $328,528
- Other: $20,348
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- Related: $243,772
- Other: $19,568
- Compensation: $0
- Related: $217,346
- Other: $27,648
- Compensation: $0
- Related: $179,443
- Other: $20,338
Where can I find the form 990 for Ellis Street Inc?
Ellis Street Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ellis Street Inc
Ellis Street Inc, as a mission-driven organization, is committed to providing housing opportunities for individuals with low and extremely low incomes, particularly for senior persons. Beyond this, the nonprofit also supports the Tenderloin Neighborhood Development Corporation in carrying out its purpose. In practice, Ellis Street Inc serves as a general partner of Ellis Street Associates LP and Curran House LP, both of which own and operate low income housing facilities, benefiting numerous low income families and individuals. By offering affordable housing options, Ellis Street Inc plays a significant role in addressing the housing needs of its community, contributing to a more equitable living environment for its residents.
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Impact
October, 2024
Ellis Street Inc plays a vital role in addressing housing needs for low and extremely low-income individuals, particularly seniors, in San Francisco. By providing affordable housing opportunities, it significantly contributes to improving living conditions for vulnerable populations in the Tenderloin neighborhood.
The organization operates as a general partner in partnerships that own and manage low-income housing developments. This strategic approach fosters a supportive community environment while ensuring sustainable living options for families and individuals who might otherwise struggle to secure safe and stable housing. By focusing on the specific needs of low-income residents, Ellis Street Inc actively supports neighborhood development and enhances the overall well-being of the community.
Through its efforts, Ellis Street Inc not only helps to alleviate housing insecurity but also promotes social equity, stability, and community resilience in a city facing significant housing challenges.
This information is meant to be a general summary of Ellis Street 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.
- Program Service Revenue: $48,560
- Gross Receipts: $50,585
Assets and Liabilities:
- Total Assets: $100,000
- Total Liabilities: $2,861,171
- Net Assets: -$2,761,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$48,560
Organization Details
Founding Year
1999
Principal Officer
Roxanne Huey
NTEE Category
Code: L20 - Housing
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