Overview
What is Covia Affordable Communities?
Covia Affordable Communities is a nonprofit organization situated in Walnut Creek, California. Their primary mission is to deliver organizational and facilities management services to their subsidiary public benefit corporations. These corporations provide essential services such as healthcare, supportive care, and affordable housing to low-income individuals, the elderly, and those with special needs. During the year in question, they served a total of 1,213 people. Their commitment extends to enhancing the quality of life for seniors, offering them housing, assisted living, and comprehensive social and health care services. By doing so, Covia Affordable Communities enables seniors with varying needs and abilities to age with dignity, regardless of their financial means. With a workforce of 103 employees, they strive to make a positive impact in their community.
Official website here: www.covia.org
What are the reviews and ratings of this charity?
Covia Affordable Communities has received a perfect score of 100% from Charity Navigator, which translates to an impressive Four-Star out of Four Star rating. This rating is solely based on their Accountability & Finance performance, reflecting a strong commitment to financial transparency and responsible governance. The organization boasts a fully independent board and a solid program expense ratio, indicating that the majority of its resources are directed toward achieving its mission.
Strengths highlighted in their ratings include the absence of any material diversion of assets and robust oversight mechanisms such as an Audit and Oversight Committee. Furthermore, their policies regarding conflicts of interest and whistleblower protections are well-documented, enhancing confidence in their operations. The organization operates with a liabilities to assets ratio of only 6.54%, showcasing its financial stability.
However, some notable concerns arise from the compensation of its top executives, which some may view as high relative to the overall budget. While these salaries reflect leadership positions, they could raise questions about resource allocation within the organization. Overall, Covia Affordable Communities demonstrates commendable financial accountability but may benefit from a closer examination of its executive compensation strategy.
User reviews from GreatNonprofits are not available.
This AI summary has been generated from information found on Charity Navigator.
Is Covia Affordable Communities legitimate?
Covia Affordable Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covia Affordable Communities 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: $2,342,329
For more financial information, click here
Official website here: www.covia.org
What is the mission statement of Covia Affordable Communities?
Covia Affordable Communities aims to provide high-quality living environments for seniors, encompassing housing, assisted living, and social and healthcare services. Their mission is to enable seniors with varying needs and abilities to age with dignity, regardless of their financial means. The organization offers organizational and facility management services to its subsidiary nonprofit public benefit corporations, which provide healthcare services, supportive services, and housing to low-income individuals, the elderly, and those with special needs. During the year, they served a total of 1,213 people.
Official website here: www.covia.org
Who is the CEO of Covia Affordable Communities?
Eduardo Salvador is the Chairman of Covia Affordable Communities. The CEO's salary of Covia Affordable Communities is $0 and their total compensation is $223,210.
Official website here: www.covia.org
What is the revenue of Covia Affordable Communities?
Covia Affordable Communities's revenue in 2022 was $8,399,429.
Official website here: www.covia.org
Who are the executives of Covia Affordable Communities and what are their salaries?
The average compensation at Covia Affordable Communities during 2022 was $22,741. There are 103 employees and 23 volunteers at Covia Affordable Communities.
Here are 20 key members and their salaries (Covia Affordable Communities's CEO's salary is $0 and their total compensation is $223,210):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $490,744
- Other: $28,922
- Compensation: $0
- Related: $241,150
- Other: $49,252
- Compensation: $0
- Related: $216,226
- Other: $19,099
- Compensation: $0
- Related: $1,032,702
- Other: $10,267
- Compensation: $0
- Related: $543,764
- Other: $49,111
- Compensation: $0
- Related: $500,719
- Other: $15,679
- Compensation: $0
- Related: $373,068
- Other: $33,370
- Compensation: $0
- Related: $471,771
- Other: $11,719
- Compensation: $0
- Related: $442,942
- Other: $10,980
- Compensation: $0
- Related: $478,264
- Other: $56,639
- Compensation: $140,198
- Related: $0
- Other: $22,440
- Compensation: $124,800
- Related: $0
- Other: $11,070
- Compensation: $0
- Related: $217,139
- Other: $6,071
Official website here: www.covia.org
Where can I find the form 990 for Covia Affordable Communities?
Covia Affordable Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covia.org
Learn more at the official website: www.covia.org
Mission Statement of Covia Affordable Communities
Covia Affordable Communities is dedicated to providing senior communities with high-quality housing, assisted living, and social and health care services. Their mission is to create an environment where seniors with varying needs and abilities can age with dignity, regardless of their financial means. Covia Affordable Communities strives to enhance the lives of these individuals by offering organizational and facilities management services to its subsidiary nonprofit public benefit corporations. These corporations specialize in providing health care services, supportive services, and housing to low-income individuals, the elderly, and those with special needs. During a given year, Covia Affordable Communities serves over 1,200 people, demonstrating their commitment to improving the lives of seniors nationwide.
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Impact
July, 2024
Covia Affordable Communities provides essential housing, assisted living, and healthcare services to senior communities, enabling seniors with various needs to age with dignity. Through their management programs, Covia Affordable Communities serves a total of 1,213 individuals, including low-income seniors and others with special needs. By offering quality senior communities that encompass a range of services, Covia Affordable Communities is making a significant impact in ensuring that seniors have access to the care and support they need to live fulfilling lives.
This information is meant to be a general summary of Covia Affordable Communities. 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.
- Investment Income: $745
- Program Service Revenue: $4,757,225
- Gross Receipts: $8,399,429
Assets and Liabilities:
- Total Assets: $16,993,405
- Total Liabilities: $1,728,097
- Net Assets: $15,265,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SRVC. COOR'D
Revenue
$3,607,489
MANAGEMENT FEES
Revenue
$1,149,736
Organization Details
Founding Year
2000
Phone
(925) 956-7370Principal Officer
Eduardo Salvador
Main Address
2185 N CALIFORNIA BLVD 215, WALNUT CREEK, CA, 94596
Website
www.covia.orgNTEE Category
Code: L22 - Housing
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