Overview
What is Maravilla Foundation?
The Maravilla Foundation is a nonprofit organization that extends support to individuals from low-income backgrounds. Based on the information provided, their primary focus lies in offering minor home rehabilitation and Lead Hazard Control services for pre-1978 privately-owned residential units. By implementing these initiatives, the Maravilla Foundation aims to improve living conditions and promote a healthier environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Star rating
The Maravilla Foundation has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The foundation's score is derived entirely from its impressive accountability metrics, showcasing its efficiency in managing funds and maintaining transparency.
Among its strengths, the organization boasts an exceptional Program Expense Ratio of 87.98%, meaning a large majority of its expenses are directed towards its programs. Additionally, it has a robust independent board governance structure, with 80% of its board members being independent, which enhances its accountability. The foundation has also established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention.
While the data reflects strong financial health and governance, potential donors should be aware that the rating is solely based on financial aspects. No qualitative measures of program impact or community feedback are included in this summary, which could provide a fuller picture of the foundation's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Maravilla Foundation legitimate?
Maravilla Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maravilla Foundation 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: $5,606,772
For more financial information, click here
What is the mission statement of Maravilla Foundation?
The Maravilla Foundation focuses on assisting underprivileged individuals by offering essential home improvement services. Specifically, they provide minor rehabilitation and Lead Hazard Control for pre-1978 privately owned residential units, enhancing the living conditions of low-income families.
Who is the CEO of Maravilla Foundation?
Tristen Sotomayor is the Chief Operating Officer of Maravilla Foundation. The CEO's salary of Maravilla Foundation is $0 and their total compensation is $785,160.
What is the revenue of Maravilla Foundation?
Maravilla Foundation's revenue in 2022 was $12,455,779.
Who are the executives of Maravilla Foundation and what are their salaries?
The average compensation at Maravilla Foundation during 2022 was $35,486. There are 158 employees at Maravilla Foundation.
Here are 12 key members and their salaries (Maravilla Foundation's CEO's salary is $0 and their total compensation is $785,160):
- Compensation: $0
- Related: $717,680
- Other: $67,480
- Compensation: $0
- Related: $442,824
- Other: $51,594
- Compensation: $0
- Related: $306,596
- Other: $48,650
- Compensation: $185,239
- Related: $0
- Other: $0
- Compensation: $134,886
- Related: $0
- Other: $0
- Compensation: $123,570
- Related: $0
- Other: $0
- Compensation: $119,413
- Related: $0
- Other: $0
- Compensation: $107,360
- Related: $0
- Other: $0
- Compensation: $0
- Related: $19,100
- Other: $0
- Compensation: $0
- Related: $7,100
- Other: $0
- Compensation: $0
- Related: $7,100
- Other: $0
- Compensation: $0
- Related: $7,100
- Other: $0
Where can I find the form 990 for Maravilla Foundation?
Maravilla Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maravilla Foundation
The Maravilla Foundation, a dedicated nonprofit organization, focuses on uplifting underprivileged individuals by offering essential home improvement services to pre-1978 privately-owned residential units. With a mission to make a difference, this foundation provides minor home rehabilitation and Lead Hazard Control to low-income families.
In simple terms, the Maravilla Foundation brings renewal to the homes of those in need. By targeting pre-1978 properties, the organization addresses the unique challenges posed by older residential units. Through their services, they not only improve the living conditions of these families but also ensure their safety by addressing the issue of lead hazards.
The Maravilla Foundation's commitment to social justice is reflected in their day-to-day operations. By providing these vital services, they help to create stable living environments for low-income families. This stability, in turn, allows them to focus on other aspects of their lives, such as education, employment, and personal growth.
In essence, the Maravilla Foundation brings hope and renewal to the lives of underprivileged individuals by enhancing their living conditions with essential home improvement services. Their mission serves as a beacon of support, providing a foundation for a better tomorrow.
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Impact
October, 2024
Maravilla Foundation makes a significant impact by providing essential aid to low-income individuals and families. Focused on enhancing living conditions, the foundation offers minor home rehabilitation and lead hazard control services specifically for pre-1978 privately owned residential units. This assistance not only improves the safety and comfort of homes but also addresses critical health risks associated with lead exposure.
Operating in Commerce, CA, Maravilla Foundation plays a vital role in transforming the lives of underprivileged residents. By ensuring that homes are safe and rehabilitated, the foundation contributes to the overall well-being of the community, fostering healthier living environments and empowering families to thrive. Through its dedicated efforts, Maravilla Foundation addresses both immediate needs and long-term health concerns, making a meaningful difference in the lives of those it serves.
This information is meant to be a general summary of Maravilla Foundation. 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: $276,823
- Gross Receipts: $12,455,779
Assets and Liabilities:
- Total Assets: $16,689,097
- Total Liabilities: $1,202,562
- Net Assets: $15,486,535
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Organization Details
Phone
(323) 869-4500Principal Officer
Tristen Sotomayor
Main Address
5729 UNION PACIFIC AVE, COMMERCE, CA, 90022
NTEE Category
Code: P20 - Human services
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