Overview
What is Silverado Creek Housing Inc?
Silverado Creek Housing Inc is a nonprofit organization that collaborates with Bridge Housing Corporation (Bridge) to create and manage affordable living spaces for families and seniors in San Francisco, California. Acting as a general partner, Silverado Creek offers support to individuals with limited income, aiding them in accessing affordable housing options. Their mission is deeply rooted in providing high-quality, budget-friendly homes for this demographic, contributing significantly to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Stars)
Silverado Creek Housing Inc has received a One-Star rating from Charity Navigator, indicating significant concerns in areas of accountability and finance. The organization scored particularly low in aspects such as having an independent board, with no majority independent board members, and failing to list its website on tax forms, which can hinder transparency.
Despite these weaknesses, the charity did perform well in certain policy areas, having a robust conflict of interest policy, a whistleblower policy, and effective document retention practices. Their program expense ratio is commendable, suggesting that a substantial portion of their budget is directed towards their mission-related activities, though the overall financial health indicates potential areas for improvement.
The lack of transparency regarding board independence and financial disclosure is a notable limitation for Silverado Creek Housing Inc. Potential donors and stakeholders may want to consider these factors when evaluating the charity's effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Silverado Creek Housing Inc legitimate?
Silverado Creek Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silverado Creek Housing Inc submitted a form 990EZ, 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 Silverado Creek Housing Inc?
Silverado Creek Housing Inc. assists Bridge Housing Corporation in providing affordable housing for working families and seniors. As a general partner in a project based in San Francisco, California, Silverado Creek Housing aids low-income individuals in securing affordable housing options. Its mission revolves around supporting Bridge in developing, owning, and managing high-quality, reasonably priced homes, thereby contributing to the housing needs of those with limited financial resources.
What is the revenue of Silverado Creek Housing Inc?
Silverado Creek Housing Inc's revenue in 2023 was $57,452.
Who are the executives of Silverado Creek Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Silverado Creek Housing Inc?
Silverado Creek Housing Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Silverado Creek Housing Inc
Silverado Creek Housing, as a partner to Bridge Housing Corporation, plays a significant role in the development, ownership, and management of affordable housing options for working families and seniors. Their mission is to support this initiative, providing assistance to individuals and families who are in need of affordable housing solutions. By joining forces with Bridge, Silverado Creek Housing contributes to the provision of high-quality, affordable homes, thereby helping to alleviate housing insecurity for low-income individuals.
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Impact
October, 2024
Silverado Creek Housing Inc plays a crucial role in addressing the need for affordable housing in San Francisco, particularly for working families and seniors. By supporting the Bridge Housing Corporation, it focuses on developing, owning, and managing high-quality, affordable homes. This initiative directly contributes to alleviating housing insecurity for low-income individuals and families, enabling them to have stable living conditions. Through its partnership in affordable housing projects, Silverado Creek Housing helps create communities where residents can thrive, fostering a sense of belonging and stability essential for both personal well-being and broader societal health.
This information is meant to be a general summary of Silverado Creek 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 2023.
- Program Service Revenue: $57,452
- Gross Receipts: $57,452
Assets and Liabilities:
- Total Assets: $128,422
- Total Liabilities: $2,622,663
- Net Assets: -$2,494,241
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Organization Details
Principal Officer
Erica Roetman Sklar
NTEE Category
Code: L20 - Housing
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