Overview
What is Union Plaza Apartments?
Union Plaza Apartments is a California-based not-for-profit corporation, established in accordance with the state's regulations. The organization manages and operates a 122-unit property, also known as Union Plaza Apartments, situated in Santa Maria, California. This property serves as housing for low-income elderly individuals. In addition, Union Plaza Apartments has approximately 3,000 square feet of commercial space, which it rents to various tenants, offering a blend of residential and business facilities. The corporation's primary focus lies in providing affordable housing and commercial opportunities for its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
Union Plaza Apartments has received a 71% rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The organization shows strengths in its program expense ratio, which stands at 78.65%, suggesting a significant portion of its budget is allocated towards its core mission. Additionally, it has no material diversion of assets and has a well-structured audit and oversight committee.
However, the organization struggles with board independence, having no independent members on its board. It also faces several transparency issues, including the absence of a whistleblower policy, document retention policies, and missing financial statements on its website. These factors contribute to its two-star rating, highlighting areas where improvement is needed for better governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Union Plaza Apartments legitimate?
Union Plaza Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Plaza Apartments 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: $10,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,200
For more financial information, click here
What is the mission statement of Union Plaza Apartments?
Union Plaza Apartments is a not-for-profit corporation, established in compliance with California's not-for-profit statutes. Its primary purpose includes owning and managing a 122-unit property, known as Union Plaza Apartments, which provides housing for low-income elderly individuals. Besides the residential area, the property also includes approximately 3,000 square feet of commercial space, which it leases to various tenants. While the provided information does not specify an explicit mission statement, it can be inferred that Union Plaza Apartments' mission is centered around providing affordable housing for elderly individuals and contributing to the local economy through commercial leasing.
Who is the CEO of Union Plaza Apartments?
Cliff Reynolds is the President of Union Plaza Apartments.
What is the revenue of Union Plaza Apartments?
Union Plaza Apartments's revenue in 2022 was $2,600,595.
Who are the executives of Union Plaza Apartments and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Union Plaza Apartments?
Union Plaza Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Union Plaza Apartments
Union Plaza Apartments, a not-for-profit corporation, is established in accordance with the statutes of California. Its primary role involves owning and operating a 122-unit property known as Union Plaza Apartments, which is situated in Santa Maria, California. This property serves as a housing solution for low-income elderly individuals. Additionally, the property encompasses approximately 3,000 square feet of commercial space, excluding rooftop space, which Union Plaza Apartments leases to various tenants. In essence, Union Plaza Apartments is committed to providing affordable housing for elderly individuals and generating income through commercial leasing.
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Impact
July, 2024
Union Plaza Apartments provides essential housing for low-income elderly persons in Santa Maria, California. This not-for-profit corporation owns and operates a 122-unit property that serves as a safe and affordable living space for this vulnerable population. By offering housing to those in need, Union Plaza Apartments plays a crucial role in supporting the well-being and quality of life of the elderly community in the area. Additionally, the property includes commercial space that is leased to various tenants, further contributing to the local economy. Through its mission-driven approach, Union Plaza Apartments has a significant impact on addressing the housing needs of low-income elderly individuals in the Santa Maria community.
This information is meant to be a general summary of Union Plaza Apartments. 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.
- Program Service Revenue: $715,580
- Gross Receipts: $2,600,595
Assets and Liabilities:
- Total Assets: $9,006,283
- Total Liabilities: $1,058,868
- Net Assets: $7,947,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$715,580
Organization Details
Founding Year
1972
Phone
(805) 922-5226Principal Officer
Cliff Reynolds
Main Address
120 NORTH BROADWAY, SANTA MARIA, CA, 93454
NTEE Category
Code: L21Z - Housing
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