Overview
What is Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc?
Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc is a nonprofit organization located in Pasadena, California. Their primary mission is to provide housing for low-income elderly or handicapped individuals, adhering to regulations and control by the U.S. Department of Housing and Urban Development. The organization operates within a single apartment building, dedicating its services to this specific residential property. With a workforce of five employees, Las Torres Inc plays a vital role in addressing the housing needs of this particularly vulnerable population.
Is Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc legitimate?
Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Torres Inc C/O Falkenberg/Gilliam & Associates 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: $207,553
For more financial information, click here
What is the mission statement of Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc?
Las Torres Inc, managed by Falkenberg/Gilliam & Associates Inc, is committed to providing housing solutions for individuals who fall under the category of low income elderly and handicapped persons. Their primary objective is to ensure the operation of a single apartment building, which serves as a residence for these vulnerable groups. The operations of this housing facility are regulated and overseen by the U.S. Department of Housing and Urban Development. The organization's mission can be summarized as dedicating its resources to provide a living space that is both affordable and accessible for elderly and disabled individuals, aiming to maintain a supportive living environment.
What is the revenue of Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc?
Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc's revenue in 2023 was $2,128,924.
Who are the executives of Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc and what are their salaries?
The average compensation at Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc during 2023 was $51,888. There are 4 employees at Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc?
Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc
Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc is dedicated to providing affordable housing for elderly and handicapped individuals who fall under the category of low income. The organization's main objective is to manage a single apartment building that serves as a home for these individuals, ensuring they have a safe and secure living space. The operations of Las Torres Inc are overseen and regulated by the U.S. Department of Housing and Urban Development, ensuring compliance with necessary standards and guidelines. The mission of Las Torres Inc is to provide essential housing solutions for those who may face challenges in obtaining suitable living accommodations due to their age or disability, and to help them maintain a dignified and comfortable living environment.
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Impact
October, 2024
Las Torres Inc C/O Falkenberg/Gilliam & Associates Inc plays a vital role in providing stable and affordable housing for low-income elderly and handicapped individuals in Pasadena, CA. By operating a dedicated apartment building, the organization ensures that this vulnerable population has access to safe, regulated living conditions, regulated by the U.S. Department of Housing and Urban Development. This initiative not only addresses immediate housing needs but also contributes to the overall well-being and quality of life for its residents, fostering a sense of community and security among those it serves. The impact is significant as it helps mitigate issues such as homelessness and housing insecurity for elderly and handicapped persons, who often face unique challenges in finding suitable living arrangements.
This information is meant to be a general summary of Las Torres Inc C/O Falkenberg/Gilliam & Associates 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 2023.
- Investment Income: $86,543
- Program Service Revenue: $425,463
- Gross Receipts: $2,128,924
Assets and Liabilities:
- Total Assets: $7,067,850
- Total Liabilities: $3,794,524
- Net Assets: $3,273,326
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$420,206
LAUDNRY
Revenue
$3,681
MISCELLANEOUS
Revenue
$1,556
TENANT CHARGES
Revenue
$20
Organization Details
Founding Year
1981
Principal Officer
Michael Maloney
NTEE Category
Code: L200 - Housing
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