Overview
What is St Bernardine Plaza Corporation?
St. Bernardine Plaza Corporation is a nonprofit organization situated in Pasadena, California. It primarily focuses on providing housing opportunities for the elderly and handicapped individuals who meet the income and age eligibility criteria. The organization operates around 150 apartments, generating revenue from tenants' rental payments and a subsidy obtained from the HUD, based on each resident's ability to pay. Other sources of revenue include interest on cash reserves, laundry, and vending services. Their mission aligns with federally assisted housing for low-income and handicapped individuals, ensuring they can provide a comfortable living environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
St Bernardine Plaza Corporation has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 79% in Accountability & Finance. This rating indicates a strong adherence to financial oversight and governance practices, which is essential for building trust with donors and stakeholders. The organization demonstrates commendable practices, such as having a fully independent board and a robust audit and oversight committee, which are crucial for maintaining accountability.
The nonprofit's financial health is illustrated by its high program expense ratio of 77.42%, showing that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has implemented thorough policies regarding conflicts of interest, whistleblower protection, and document retention, further reinforcing its commitment to transparency and ethical management.
However, the organization faces challenges with its liabilities to assets ratio, scoring 0 out of 15 points in this area. This suggests that while the nonprofit is performing well in many aspects, it may need to address its financial structure to ensure long-term sustainability. Overall, while St Bernardine Plaza Corporation demonstrates strong accountability, attention to its financial ratio could enhance its stability and effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is St Bernardine Plaza Corporation legitimate?
St Bernardine Plaza Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Bernardine Plaza Corporation 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: $220,204
For more financial information, click here
What is the mission statement of St Bernardine Plaza Corporation?
The St Bernardine Plaza Corporation's mission is centered around providing federally assisted housing for individuals who fall under the categories of low income and disabled persons. They offer approximately 150 apartments as living spaces, catering to the elderly and handicapped individuals who meet the criteria based on their income and age eligibility. The corporation derives its revenue primarily from rental income paid by the tenants and a subsidy received from HUD, which is based on each tenant's ability to pay. Additional revenues are generated from sources such as interest on cash reserves, laundry, and vending services.
Who is the CEO of St Bernardine Plaza Corporation?
Esther Chapparo is the President of St Bernardine Plaza Corporation.
What is the revenue of St Bernardine Plaza Corporation?
St Bernardine Plaza Corporation's revenue in 2022 was $2,273,281.
Who are the executives of St Bernardine Plaza Corporation and what are their salaries?
The average compensation at St Bernardine Plaza Corporation during 2022 was $20,019. There are 11 employees and 10 volunteers at St Bernardine Plaza Corporation.
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Where can I find the form 990 for St Bernardine Plaza Corporation?
St Bernardine Plaza Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Bernardine Plaza Corporation
St. Bernardine Plaza Corporation is dedicated to providing federally assisted housing for individuals who fall under the categories of low income and those with disabilities. This nonprofit organization serves approximately 150 eligible residents, primarily the elderly and handicapped, by offering them suitable housing accommodations. The revenue for this corporation is primarily sourced from rental income paid by the tenants, supplemented by a subsidy obtained from the HUD, which is based on each tenant's individual ability to pay. Additionally, St. Bernardine Plaza Corporation generates other revenues from sources such as interest earned on cash reserves, laundry services, and vending machines.
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Impact
July, 2024
St. Bernardine Plaza Corporation provides a crucial service by offering federally assisted housing for low-income and handicapped individuals in Pasadena, California. With approximately 150 apartments available for elderly and handicapped individuals who meet income and age requirements, this organization plays a significant role in addressing housing insecurity in the community. The revenue generated from rental income, subsidies from HUD, interest on cash reserves, and additional services supports the sustainability of this housing initiative, ensuring that those in need have access to safe and affordable housing options. By focusing on the housing needs of vulnerable populations, St. Bernardine Plaza Corporation positively impacts the lives of individuals who may otherwise struggle to find suitable housing options.
This information is meant to be a general summary of St Bernardine Plaza Corporation. 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: $675,347
- Gross Receipts: $2,273,281
Assets and Liabilities:
- Total Assets: $7,687,757
- Total Liabilities: $6,816,340
- Net Assets: $871,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$666,449
LAUNDRY FEES
Revenue
$8,898
Organization Details
Founding Year
1979
Phone
(909) 475-5150Principal Officer
Esther Chapparo
Main Address
PO BOX 7070, PASADENA, CA, 91109
NTEE Category
Code: L21 - Housing
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