Overview
What is Thelma Arms Inc?
Thelma Arms Inc, also known as Royal Adah Arms, is a nonprofit organization situated in San Francisco, California. Their primary mission is to provide affordable rental housing for senior citizens and individuals with disabilities who have low income levels. By offering subsidized housing, they aim to contribute positively to the community, ensuring that these vulnerable groups have a secure living environment.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67%, Two-Star out of Four Star rating.
Thelma Arms Inc has received a Two-Star rating reflecting a 67% overall score, indicating some areas for improvement in its financial health and accountability. The organization demonstrates strong governance, with 100% of its board members being independent, and it has a solid track record in documenting board meeting minutes and overseeing financial statements.
Despite a high program expense ratio of nearly 96%, which shows that a significant portion of its funds goes directly to its programs, the organization faces challenges with its liabilities to assets ratio, scoring poorly in this area. This suggests potential financial risks that could impact its long-term sustainability. Overall, while Thelma Arms Inc has strengths in governance and program spending, attention to its financial stability is needed for future growth.
This AI summary has been generated from information found on Charity Navigator.
Is Thelma Arms Inc legitimate?
Thelma Arms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thelma Arms 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: $813,196
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What is the mission statement of Thelma Arms Inc?
Thelma Arms Inc is dedicated to providing affordable, subsidized rental housing for seniors and individuals with disabilities who have low income levels. Their mission is to ensure that these vulnerable groups have access to suitable living spaces, thereby enhancing their quality of life. The organization strives to provide subsidized rentals as a means of alleviating housing costs for these individuals, enabling them to direct their resources towards other essential needs. By offering such housing, Thelma Arms Inc aims to contribute to the overall well-being and independence of these individuals in their communities.
Who is the CEO of Thelma Arms Inc?
Shirley Williams is the Bd Member of Thelma Arms Inc.
What is the revenue of Thelma Arms Inc?
Thelma Arms Inc's revenue in 2023 was $4,048,539.
Who are the executives of Thelma Arms Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Thelma Arms Inc?
Thelma Arms Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Thelma Arms Inc
Thelma Arms Inc, a nonprofit organization, is committed to providing affordable and subsidized rental housing for seniors and individuals with disabilities who have low income levels. Their mission is centered around ensuring that these vulnerable groups have access to housing that is within their financial means. By offering subsidized rent, Thelma Arms Inc aims to alleviate the housing burden for these individuals, thereby enabling them to focus on other aspects of their lives. The organization's mission is a crucial step towards fostering a society where everyone, regardless of age or disability, has the basic right to a decent place to live.
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Impact
July, 2024
Thelma Arms Inc's impact can be seen in its dedicated efforts to provide low-cost subsidized rental housing for seniors and disabled individuals with low incomes in San Francisco, California. By offering affordable housing options to those in need, Thelma Arms Inc is directly contributing to the well-being and quality of life of vulnerable populations in the community. This essential service helps ensure that seniors and disabled individuals can access safe and affordable housing, promoting stability and independence for those facing financial challenges. Thelma Arms Inc's focus on housing aligns with its mission to support individuals with low incomes, making a significant difference in the lives of those they serve.
This information is meant to be a general summary of Thelma Arms 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: $20,827
- Program Service Revenue: $610,181
- Gross Receipts: $4,048,539
Assets and Liabilities:
- Total Assets: $42,804,236
- Total Liabilities: $36,482,632
- Net Assets: $6,321,604
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$610,181
Organization Details
Founding Year
1971
Phone
(415) 567-3840Principal Officer
Shirley Williams
Main Address
1240 FILLMORE STREET, SAN FRANCISCO, CA, 94115
NTEE Category
Code: L22Z - Housing
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