Overview
What is Satellite Senior Homes Inc?
Satellite Senior Homes Inc, located at 1835 Alcatraz Avenue, Berkeley, CA 94703, is a nonprofit organization that plays a significant role in supporting affordable housing for low-income elderly individuals. Specifically, they work closely with Satellite Affordable Housing Associates (SAHA), a related California nonprofit public benefit corporation. Their primary mission is to provide affordable rental housing, contributing to the exempt purpose of SAHA, which involves developing affordable housing projects for various income groups, including families, the elderly, and individuals with disabilities. By providing affordable housing, Satellite Senior Homes Inc aims to enhance the living conditions and support the well-being of senior citizens in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Satellite Senior Homes Inc has received a strong 94% rating from Charity Navigator, indicating a high level of accountability and financial health. This rating reflects the organization’s commitment to transparency and responsible management of its resources. With all aspects of the rating deriving from accountability and finance, the charity demonstrates sound fiscal practices and effective oversight.
The organization excels in various metrics, notably having a fully independent board with a significant number of members, which promotes unbiased governance. Additionally, it has implemented comprehensive policies for conflict of interest, whistleblower protections, and document retention, reinforcing its commitment to ethical standards. The high program expense ratio suggests that a substantial portion of its expenditures directly supports its mission.
While the rating is excellent and reflects the organization's overall strengths, the focus on financial metrics means that qualitative aspects of its programs and community impact are not directly assessed in this rating. However, the strong fiscal indicators provide a robust foundation for the charity's operations and suggest it is well-positioned to effectively serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Satellite Senior Homes Inc legitimate?
Satellite Senior Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Satellite 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: $1,160,493
For more financial information, click here
What is the mission statement of Satellite Senior Homes Inc?
Satellite Senior Homes Inc is committed to providing affordable rental housing for low and moderate-income elderly individuals. They support Satellite Affordable Housing Associates (SAHA), a related nonprofit organization, in their mission to develop affordable housing projects for various income groups, including families, the elderly, and individuals with disabilities. The primary objective of Satellite Senior Homes Inc is to make housing accessible and affordable for the elderly population with limited financial resources.
Who is the CEO of Satellite Senior Homes Inc?
Rauly Butler is the Chairman of Satellite Senior Homes Inc. The CEO's salary of Satellite Senior Homes Inc is $0 and their total compensation is $356,101.
What is the revenue of Satellite Senior Homes Inc?
Satellite Senior Homes Inc's revenue in 2023 was $6,267,541.
Who are the executives of Satellite Senior Homes Inc and what are their salaries?
Here are 16 key members and their salaries (Satellite Senior Homes Inc's CEO's salary is $0 and their total compensation is $356,101):
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- Related: $324,750
- Other: $31,351
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Where can I find the form 990 for Satellite Senior Homes Inc?
Satellite Senior Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Satellite Senior Homes Inc
Satellite Senior Homes Inc, as a nonprofit organization, is dedicated to providing an essential service. Its mission is centered around offering affordable rental housing for individuals who fall within the brackets of low and moderate income. This mission extends to the elderly population, ensuring that they have access to suitable housing without the burden of exorbitant rent costs. In pursuing this mission, Satellite Senior Homes Inc has provided support to Satellite Affordable Housing Associates (SAHA), a related California nonprofit public benefit corporation. SAHA shares Satellite Senior Homes Inc's exempt purpose, which is to develop affordable housing projects for families, elderly individuals, and persons with disabilities. This collaboration between the two organizations is a testament to their shared commitment to making housing affordable and accessible for vulnerable populations.
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Impact
July, 2024
Satellite Senior Homes Inc provides a crucial service by offering affordable rental housing for low and moderate-income elderly individuals. By doing so, they contribute to ensuring that this vulnerable population has access to safe and secure housing options. This helps to improve the quality of life for elderly individuals who may struggle to find affordable housing options in their communities. The impact of Satellite Senior Homes Inc is evident in their mission to support the well-being and housing needs of low and moderate-income elderly persons.
This information is meant to be a general summary of Satellite 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,219,909
- Program Service Revenue: $913,232
- Gross Receipts: $6,267,541
Assets and Liabilities:
- Total Assets: $40,299,070
- Total Liabilities: $8,310,213
- Net Assets: $31,988,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$7,619
MISCELLANEOUS INCOME
Revenue
$3,397
PARTNERSHIP MGMT FEES
Revenue
$13,341
RENTAL INCOME
Revenue
$887,875
TENANT CHARGES
Revenue
$1,000
Organization Details
Founding Year
1966
Phone
(510) 647-0700Principal Officer
Rauly Butler
Main Address
1835 Alcatraz Avenue, Berkeley, CA, 94703
NTEE Category
Code: L22 - Housing
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