Overview
What is Ridgeview Terrace Affordable Housing Inc?
Ridgeview Terrace Affordable Housing Inc is a nonprofit organization situated in San Francisco, California. With a significant 75% stake, it serves as the managing general partner of a California Limited Partnership. This partnership is committed to offering affordable housing solutions to low-income households residing in the city. The organization's primary mission is to ensure access to affordable housing for individuals and families with limited financial resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Ridgeview Terrace Affordable Housing Inc has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The organization's overall score is derived entirely from its accountability and finance metrics, showcasing strong governance and transparency practices.
The charity demonstrates significant strengths, including a fully independent board with no reported conflicts of interest and a robust program expense ratio of 97.83%. This suggests that the majority of its resources are directed towards its mission, enhancing the efficacy of its affordable housing initiatives. Additionally, the organization has implemented several policies related to whistleblower protections and document management, further highlighting its commitment to ethical operations.
There are no notable limitations or concerns identified in the data, and the organization maintains a favorable liabilities to assets ratio of 0.09%. This reflects a solid financial position, allowing Ridgeview Terrace Affordable Housing Inc to continue its work in providing affordable housing solutions effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgeview Terrace Affordable Housing Inc legitimate?
Ridgeview Terrace Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgeview Terrace Affordable Housing 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 Ridgeview Terrace Affordable Housing Inc?
Ridgeview Terrace Affordable Housing Inc's mission is centered around providing affordable housing solutions for low-income households. This mission is carried out through the organization's involvement in a California Limited Liability Company, which serves as the managing general partner of a California Limited Partnership. This partnership is dedicated to offering low-income housing to residents in various locations, such as San Francisco. The organization's primary goal is to make housing accessible for individuals who may otherwise struggle with affordability.
Who is the CEO of Ridgeview Terrace Affordable Housing Inc?
Regina Coleman is the Ceo/President of Ridgeview Terrace Affordable Housing Inc. The CEO's salary of Ridgeview Terrace Affordable Housing Inc is $0 and their total compensation is $71,841.
What is the revenue of Ridgeview Terrace Affordable Housing Inc?
Ridgeview Terrace Affordable Housing Inc's revenue in 2022 was $596,026.
Who are the executives of Ridgeview Terrace Affordable Housing Inc and what are their salaries?
There 5 volunteers at Ridgeview Terrace Affordable Housing Inc.
Here are 7 key members and their salaries (Ridgeview Terrace Affordable Housing Inc's CEO's salary is $0 and their total compensation is $71,841):
- Compensation: $0
- Related: $2,150
- Other: $0
- Compensation: $0
- Related: $2,150
- Other: $0
- Compensation: $0
- Related: $2,150
- Other: $0
- Compensation: $0
- Related: $2,150
- Other: $0
- Compensation: $0
- Related: $2,150
- Other: $0
- Compensation: $0
- Related: $69,583
- Other: $2,258
- Compensation: $0
- Related: $112,468
- Other: $0
Where can I find the form 990 for Ridgeview Terrace Affordable Housing Inc?
Ridgeview Terrace Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ridgeview Terrace Affordable Housing Inc
Ridgeview Terrace Affordable Housing Inc, as a nonprofit organization, is committed to providing affordable housing solutions for low-income households. This mission is manifested through the organization's ownership of a significant share in a California Limited Liability Company, which acts as the managing general partner of a California Limited Partnership. This partnership is responsible for offering affordable housing accommodations to residents in San Francisco. By undertaking this mission, Ridgeview Terrace Affordable Housing Inc contributes to the broader goal of ensuring that individuals and families with limited financial resources have access to safe and affordable housing, thereby promoting social equity and stability.
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Impact
July, 2024
Ridgeview Terrace Affordable Housing Inc's impact is providing affordable housing for low-income households in San Francisco. Through its ownership interest in a California limited liability company that serves as the managing general partner of a California limited partnership, the organization helps residents in San Francisco access low-income housing options. By focusing on the mission of providing affordable housing, Ridgeview Terrace Affordable Housing Inc plays a crucial role in addressing the housing needs of low-income individuals and families in the community.
This information is meant to be a general summary of Ridgeview Terrace Affordable 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 2022.
- Investment Income: $100
- Program Service Revenue: $595,926
- Gross Receipts: $596,026
Assets and Liabilities:
- Total Assets: $13,894,861
- Total Liabilities: $12,739
- Net Assets: $13,882,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUND LEASE INCOME
Revenue
$351,662
INTEREST INCOME
Revenue
$214,026
PARTNERSHIP MANAGEMENT
Revenue
$30,238
Organization Details
Founding Year
2001
Phone
(415) 821-7440Principal Officer
Regina Coleman
Main Address
140 CASHMERE STREET, SAN FRANCISCO, CA, 94124
NTEE Category
Code: L21 - Housing
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