Overview
What is Macarthur Park Towers?
Macarthur Park Towers is a nonprofit organization situated in Long Beach, California, primarily dedicated to serving low-income seniors. Their mission involves providing affordable housing that caters to their specific needs, aiming to improve their overall quality of life in terms of physical, mental, and spiritual well-being. By offering such housing, they contribute to enhancing the living conditions for this vulnerable demographic, thereby positively impacting their daily lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Macarthur Park Towers has received a solid Three-Star rating, demonstrating good accountability and finance practices. This rating is based solely on their Accountability & Finance score of 79%, which reflects the organization's commitment to transparency and effective management of funds. The majority of their board members are independent, which contributes positively to governance.
The organization has a strong track record in various accountability measures, including no material diversion of assets and a robust conflict of interest policy. Their program expense ratio is notably high at 99.60%, indicating that almost all of their expenses are directed towards their programs rather than administrative costs. This is a positive sign for donors looking for impactful use of their contributions.
Despite the strengths highlighted in the financial and governance practices, it's important for potential donors to keep in mind that the overall rating is based entirely on a single beacon score. This may limit the broader understanding of the organization’s overall impact and effectiveness beyond financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Macarthur Park Towers legitimate?
Macarthur Park Towers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Macarthur Park Towers 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: $0
For more financial information, click here
What is the mission statement of Macarthur Park Towers?
Macarthur Park Towers' mission is centered around providing affordable housing for low-income seniors, taking into account their overall well-being. This encompasses their physical, mental, and spiritual needs, aiming to improve their living conditions. By offering affordable housing, the organization strives to contribute positively to the seniors' lives, enhancing their quality of existence.
Who is the CEO of Macarthur Park Towers?
Hartman Stuart J is the CEO of Macarthur Park Towers The CEO's salary of Macarthur Park Towers is $0 and their total compensation is $682,064.
What is the revenue of Macarthur Park Towers?
Macarthur Park Towers's revenue in 2023 was $786,069.
Who are the executives of Macarthur Park Towers and what are their salaries?
Here are 34 key members and their salaries (Macarthur Park Towers's CEO's salary is $0 and their total compensation is $682,064):
- Compensation: $0
- Related: $608,035
- Other: $74,029
- Compensation: $0
- Related: $442,308
- Other: $43,069
- Compensation: $0
- Related: $313,582
- Other: $17,519
- Compensation: $0
- Related: $242,812
- Other: $11,672
- Compensation: $0
- Related: $239,282
- Other: $29,102
- Compensation: $0
- Related: $235,353
- Other: $42,526
- Compensation: $0
- Related: $231,220
- Other: $42,394
- Compensation: $0
- Related: $218,679
- Other: $16,908
- Compensation: $0
- Related: $214,343
- Other: $15,930
- Compensation: $0
- Related: $195,871
- Other: $18,163
- Compensation: $0
- Related: $196,730
- Other: $13,455
- Compensation: $0
- Related: $167,122
- Other: $5,014
- Compensation: $0
- Related: $165,017
- Other: $12,398
- Compensation: $0
- Related: $161,428
- Other: $13,535
- Compensation: $0
- Related: $160,693
- Other: $4,725
- Compensation: $0
- Related: $162,871
- Other: $13,914
- Compensation: $0
- Related: $161,559
- Other: $15,584
- Compensation: $0
- Related: $158,830
- Other: $21,653
- Compensation: $0
- Related: $156,800
- Other: $12,888
- Compensation: $0
- Related: $150,563
- Other: $9,786
- Compensation: $0
- Related: $151,621
- Other: $16,442
- Compensation: $0
- Related: $148,565
- Other: $4,498
- Compensation: $0
- Related: $147,762
- Other: $5,391
- Compensation: $0
- Related: $147,683
- Other: $14,966
- Compensation: $0
- Related: $149,091
- Other: $3,501
- Compensation: $0
- Related: $145,806
- Other: $13,849
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Macarthur Park Towers?
Macarthur Park Towers's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Macarthur Park Towers
Macarthur Park Towers, as a nonprofit organization, is dedicated to providing affordable housing for low-income seniors. Their mission is centered around enhancing the quality of life for these individuals, focusing on their physical, mental, and spiritual well-being. The organization aims to create an environment that supports and uplifts its residents, ensuring they live with dignity and comfort. By offering affordable housing based on need, Macarthur Park Towers plays a significant role in providing a stable living situation for seniors, allowing them to focus on their overall well-being.
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Impact
July, 2024
Macarthur Park Towers, through its provision of low-income senior housing, has a significant impact on the community by addressing a crucial need for affordable housing for seniors in Long Beach, CA. By offering a safe and comfortable living environment, Macarthur Park Towers enhances the quality of life for low-income seniors, supporting their physical, mental, and spiritual well-being. The organization's mission to provide affordable housing based on need directly contributes to improving the lives of seniors who may otherwise struggle to find suitable accommodation. In doing so, Macarthur Park Towers plays a vital role in promoting social equity and community well-being.
This information is meant to be a general summary of Macarthur Park Towers. 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: $4,694
- Program Service Revenue: $781,305
- Gross Receipts: $786,069
Assets and Liabilities:
- Total Assets: $16,673,461
- Total Liabilities: $20,200
- Net Assets: $16,653,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME FROM G
Revenue
$781,305
Organization Details
Founding Year
1973
Principal Officer
Stuart Hartman
NTEE Category
Code: L22Z - Housing
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