Overview
What is Many Mansions?
Many Mansions is a nonprofit organization committed to providing affordable housing and enriching services to low, very low, and extremely low-income individuals and families residing in Ventura County, Los Angeles County, and surrounding areas. The organization manages and owns 25 affordable housing rental complexes, consisting of 1,007 units. Their mission extends beyond just housing, as they also offer services such as homework tutoring, summer camps, school support, case management, job development, and life skills training to their residents. With a focus on promoting well-managed and safe housing, Many Mansions aims to enhance the lives of its limited-income residents in the Conejo Valley, Ventura County, Los Angeles County, and their surrounding communities.
Official website here: www.manymansions.org
What are the reviews and ratings of this charity?
**Many Mansions - Charity Navigator Rating: 93% (Four-Star out of Four Star Rating)**
Many Mansions has achieved an impressive 93% rating on Charity Navigator, showcasing its strong commitment to accountability, transparency, and measurable impact in providing supportive housing to chronically homeless individuals. The organization scores particularly well in impact and measurement (100%), highlighting its effectiveness in creating lasting change. Financially, they maintain a solid program expense ratio of 84.56%, though their liabilities to assets ratio indicates some financial pressure.
Strengths of Many Mansions include a fully independent board and robust governance practices, as evidenced by their perfect scores in areas such as feedback collection and usage. The organization also actively engages in strategic planning, focusing on increasing low-income housing opportunities and enhancing operational efficiencies, which speaks to their adaptability and leadership quality. Notably, 95% of their residents have achieved housing stability over the past five years—a testament to the effectiveness of their programs.
While the organization does have some areas for improvement, such as the availability of its tax forms, their overall performance suggests a well-managed nonprofit dedicated to making a significant impact in their community. Further reviews from users could provide additional insights into public sentiment, but data was unavailable at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Many Mansions legitimate?
Many Mansions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Many Mansions 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: $1,474,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,817,333
For more financial information, click here
Official website here: www.manymansions.org
What is the mission statement of Many Mansions?
Many Mansions' mission is focused on promoting and providing affordable housing for individuals with low income, enriching their lives through on-site services. Specifically, the organization aims to offer safe, well-managed housing to limited income residents in various communities, including those in Conejo Valley, Ventura County, Los Angeles County, and their surrounding areas. To accomplish this, Many Mansions develops, manages, and owns affordable housing complexes, currently consisting of 1,007 units. In addition to offering housing, the organization provides essential services to its residents, such as homework tutoring, summer camp, school support, case management, job development, and life skills training.
Official website here: www.manymansions.org
Who is the CEO of Many Mansions?
Rick Schroeder is the Chairperson of Many Mansions.
Official website here: www.manymansions.org
What is the revenue of Many Mansions?
Many Mansions's revenue in 2023 was $9,935,451.
Official website here: www.manymansions.org
Who are the executives of Many Mansions and what are their salaries?
The average compensation at Many Mansions during 2023 was $52,914. There are 100 employees and 468 volunteers at Many Mansions.
Here are 24 key members and their salaries:
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Official website here: www.manymansions.org
Where can I find the form 990 for Many Mansions?
Many Mansions's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.manymansions.org
Learn more at the official website: www.manymansions.org
Mission Statement of Many Mansions
Many Mansions, a nonprofit organization, is committed to promoting and providing affordable housing for individuals and families with low incomes, alongside enriching services. Their mission is to ensure the availability of safe, well-managed housing for limited income residents in various communities, including those in Ventura County, Los Angeles County, and their surrounding areas. To accomplish this, Many Mansions develops, acquires, rehabilitates, and constructs affordable housing complexes, currently managing and owning 25 such properties with a total of 1,007 units.
Beyond providing affordable housing, Many Mansions offers a range of life-enriching services to its residents. These services include homework tutoring, summer camps, school support, case management, job development, and life skills workshops. Many Mansions is dedicated to supporting its community members in various aspects of their lives, aiming to empower them to improve their circumstances and achieve greater self-sufficiency. By providing both housing and supportive services, Many Mansions aims to create a positive impact on the lives of those in need, promoting stability and opportunity for low, very low, and extremely low income individuals and families.
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Impact
July, 2024
Many Mansions has a significant impact on the communities it serves by promoting and providing affordable housing for low-income residents with life-enriching services. The organization's mission to offer safe and well-managed housing, along with on-site support services, addresses a critical need for individuals and families struggling to find suitable accommodation. By developing, managing, and owning affordable housing properties, Many Mansions has created a positive impact on the lives of over 1,000 individuals through its 25 rental complexes. Additionally, the organization's provision of services such as homework tutoring, summer camps, school support, case management, job development, and life skills training further enhances the well-being and success of its residents. Through its dedicated efforts in Ventura County, Los Angeles County, and surrounding areas, Many Mansions plays a crucial role in improving the quality of life for those in need of affordable housing and support services.
This information is meant to be a general summary of Many Mansions. 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: $351,732
- Program Service Revenue: $6,202,505
- Gross Receipts: $9,953,498
Assets and Liabilities:
- Total Assets: $53,496,317
- Total Liabilities: $35,428,585
- Net Assets: $18,067,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$3,644,067
RENTAL INCOME
Revenue
$1,849,986
HOUSING SERVICE FEES
Revenue
$633,262
RESIDENT AND SOCIAL SERVICE FEES
Revenue
$75,190
Organization Details
Founding Year
1979
Phone
(805) 496-4948Principal Officer
Rick Schroeder
Main Address
1259 E THOUSAND OAKS BLVD, THOUSAND OAKS, CA, 91362
Website
www.manymansions.orgNTEE Category
Code: L210 - Housing
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