Overview
What is Colonia Barrios Seniors Inc?
Colonia Barrios Seniors Inc is a nonprofit organization based in San Diego, California, dedicated to addressing the housing needs of the elderly. By operating and maintaining a 100-unit subsidized low-income apartment complex, they provide a vital service under Section 202 of the National Housing Act. This mission is geared towards ensuring that elderly individuals have access to affordable housing, thereby enhancing their livelihoods and overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Colonia Barrios Seniors Inc has achieved a commendable 90% score, reflecting strong accountability and financial health. The organization boasts an independent board with 100% of its members being independent, ensuring a well-managed governance structure. Financial oversight is robust, with full scoring on audit and oversight practices, as well as no reported material diversion of assets, highlighting transparency and integrity in operations.
The nonprofit effectively allocates its resources, with a program expense ratio of 71.87%, indicating that a significant portion of its funds directly supports its programs. This financial efficiency underscores its commitment to serving the senior community effectively. Additionally, the presence of comprehensive policies like conflict of interest and whistleblower protections reinforces a strong ethical framework.
While the organization demonstrates several strengths in governance and financial management, it's always beneficial for stakeholders to stay informed about ongoing operations and future initiatives. Overall, Colonia Barrios Seniors Inc appears to be a well-run nonprofit, dedicated to its mission and responsible in its financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Colonia Barrios Seniors Inc legitimate?
Colonia Barrios Seniors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colonia Barrios Seniors 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: $153,527
For more financial information, click here
What is the mission statement of Colonia Barrios Seniors Inc?
Colonia Barrios Seniors Inc. is dedicated to serving the elderly population by offering low-income housing solutions. They operate and manage a 100-unit apartment complex, providing subsidized living accommodations in compliance with section 202 of the National Housing Act. The organization's primary mission is to ensure that elderly individuals in need have access to affordable housing. Colonia Barrios Seniors Inc. strives to enhance the lives of its residents by offering them a safe and secure living environment. Their operations aim to address the housing needs of the elderly, providing them with a dignified living situation.
Who is the CEO of Colonia Barrios Seniors Inc?
Honorary Rafael A Arreola is the Treasurer of Colonia Barrios Seniors Inc.
What is the revenue of Colonia Barrios Seniors Inc?
Colonia Barrios Seniors Inc's revenue in 2023 was $1,874,132.
Who are the executives of Colonia Barrios Seniors Inc and what are their salaries?
The average compensation at Colonia Barrios Seniors Inc during 2023 was $51,176. There are 3 employees and 6 volunteers at Colonia Barrios Seniors Inc.
Here are 6 key members and their salaries:
- 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 Colonia Barrios Seniors Inc?
Colonia Barrios Seniors Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Colonia Barrios Seniors Inc
Colonia Barrios Seniors Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly. Situated in San Diego, California, the organization operates and maintains a 100-unit subsidized apartment complex under Section 202 of the National Housing Act. This mission is a testament to their commitment to ensuring that the elderly have access to affordable housing, thereby enhancing their quality of life. By fulfilling this mission, Colonia Barrios Seniors Inc plays a significant role in addressing the housing needs of the elderly, thereby contributing to their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Colonia Barrios Seniors Inc has a direct impact on the lives of elderly individuals in San Diego, CA by providing low-income housing. By operating and maintaining a 100-unit subsidized housing complex, the organization fulfills its mission to offer affordable housing for seniors in need. This initiative not only addresses a critical societal need but also contributes to the well-being and quality of life of elderly residents who may otherwise struggle to find suitable accommodation. Through their dedicated efforts, Colonia Barrios Seniors Inc is making a tangible difference in the lives of seniors, ensuring they have a safe and comfortable place to call home.
This information is meant to be a general summary of Colonia Barrios Seniors 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: $28
- Program Service Revenue: $1,411,070
- Gross Receipts: $1,874,132
Assets and Liabilities:
- Total Assets: $2,120,730
- Total Liabilities: $260,038
- Net Assets: $1,860,692
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY AND VENDING
Revenue
$7,993
RENTAL INCOME
Revenue
$1,401,728
TENANT & OTHER CHARGES
Revenue
$1,349
Organization Details
Founding Year
1978
Phone
(619) 423-8325Principal Officer
Honorary Rafael A Arreola
Main Address
1148 BEYER WAY 131, SAN DIEGO, CA, 92154
NTEE Category
Code: L22 - Housing
If you are a representative of Colonia Barrios Seniors Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.