Overview
What is Santa Monica Christian Towers Inc?
Santa Monica Christian Towers Inc is a nonprofit organization situated in Santa Monica, California. Established as a retirement home, it houses 163 units and is regulated by the U.S. Department of Housing and Urban Development (HUD) with regards to rent charges and operational methods. The primary programs run by the organization include Section 202 direct loans and Section 201 earthquake flexible subsidy program loans. Additionally, they also administer a Section 8 housing assistance payments program, which is a minor initiative. The primary mission of Santa Monica Christian Towers Inc is to provide affordable housing for individuals aged 62 or older, ensuring their social and physical well-being. The organization operates on a non-profit basis and employs a team of six individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Santa Monica Christian Towers Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The rating is based entirely on the organization's Accountability & Finance score, which is an impressive 86%. This score reflects a commitment to transparency and responsible financial management, suggesting that the organization effectively utilizes its resources to fulfill its mission.
The nonprofit has demonstrated strengths in several key areas, including having a fully independent board of directors, which enhances governance and oversight. Their financial statements are audited, and there has been no material diversion of assets, indicating a high level of integrity in financial practices. Additionally, the organization maintains thorough documentation of board meeting minutes and has effective policies for document retention and destruction.
Despite these strengths, the overall rating relies solely on the Accountability & Finance beacon, and there is no information available regarding other aspects such as the organization's program effectiveness or impact. Potential donors might want to seek additional insights beyond financial metrics to gain a comprehensive understanding of the charity's overall performance and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Monica Christian Towers Inc legitimate?
Santa Monica Christian Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica Christian Towers 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: $288,680
For more financial information, click here
What is the mission statement of Santa Monica Christian Towers Inc?
Santa Monica Christian Towers Inc's mission is dedicated to providing affordable housing for individuals who are 62 years old or older. The organization operates this project as a retirement home, prioritizing the social and physical well-being of its residents. The project is managed on a non-profit basis, adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD). The primary programs of Santa Monica Christian Towers Inc include Section 202 Direct Loans and Section 201 Earthquake Flexible Subsidy Program Loans, with an additional non-major program being Section 8 Housing Assistance Payments. The project is established to serve as a home that caters to the needs of its elderly residents.
Who is the CEO of Santa Monica Christian Towers Inc?
Bill Dawson is the Vice President of Santa Monica Christian Towers Inc.
What is the revenue of Santa Monica Christian Towers Inc?
Santa Monica Christian Towers Inc's revenue in 2022 was $2,712,762.
Who are the executives of Santa Monica Christian Towers Inc and what are their salaries?
The average compensation at Santa Monica Christian Towers Inc during 2022 was $48,113. There are 6 employees and 7 volunteers at Santa Monica Christian Towers Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Santa Monica Christian Towers Inc?
Santa Monica Christian Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Santa Monica Christian Towers Inc
Santa Monica Christian Towers Inc is a non-profit organization with a mission to provide affordable housing for individuals who are 62 years of age and older. Established and maintained as a retirement home, this project operates under Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). The project, Santa Monica Christian Towers, consists of 163 units located in Santa Monica, California. The primary programs of the organization include Section 202 direct loans, Section 201 Earthquake Flexible Subsidy Program loans, and Section 8 Housing Assistance Payments. These programs are designed to ensure the project operates on a non-profit basis, providing affordable housing to its elderly residents while adhering to HUD's regulations regarding rent charges and operating methods. Overall, Santa Monica Christian Towers Inc is dedicated to offering a comfortable and supportive living environment for seniors, enabling them to maintain their independence and well-being.
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Impact
July, 2024
Santa Monica Christian Towers Inc's impact lies in providing affordable housing for individuals aged 62 or older through its apartment complex located in Santa Monica, California. By offering a safe and supportive living environment for seniors, the organization plays a crucial role in promoting the social and physical welfare of this age group. Through its regulatory compliance with the U.S. Department of Housing and Urban Development, Santa Monica Christian Towers Inc ensures that residents have access to necessary resources and support systems, ultimately contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Santa Monica Christian Towers 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: $12,735
- Program Service Revenue: $688,853
- Gross Receipts: $2,712,762
Assets and Liabilities:
- Total Assets: $6,756,770
- Total Liabilities: $2,019,262
- Net Assets: $4,737,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$685,955
PROGRAM INVESTMENT INCOME
Revenue
$2,898
Organization Details
Founding Year
1985
Phone
(323) 258-3512Principal Officer
Bill Dawson
Main Address
PO BOX 7070, PASADENA, CA, 911097070
NTEE Category
Code: L210 - Housing
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