Overview
What is Oldtimers Housing Development Corporation Of Chino?
Oldtimers Housing Development Corporation of Chino is a nonprofit organization situated in Chino, California. With a focus on serving the elderly and individuals with disabilities, this corporation operates under HUD Section 202, providing public housing. Specifically, they manage an 84-unit apartment project, offering subsidized rents through Section 8 Housing Assistance Payments. Their primary mission is to offer suitable housing solutions for the elderly, contributing to their well-being within the community. With a team of 10 dedicated employees, Oldtimers Housing Development Corporation of Chino strives to ensure comfortable and secure living environments for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Oldtimers Housing Development Corporation of Chino has received a solid Three-Star rating, indicating a strong performance in accountability and finance. With an overall score of 86%, the organization demonstrates a commitment to transparency and sound financial practices, which is essential for maintaining donor trust and effectiveness in achieving its mission.
Strengths of the organization include a fully independent board and a robust financial oversight framework. It scored full points for its conflict of interest policy and audit of financial statements, showing that it adheres to best practices in governance. Additionally, the organization has a low liabilities to assets ratio of 2.75%, suggesting strong financial health.
However, while the program expense ratio of 67.16% indicates a reasonable allocation of funds towards programs, there is still room for improvement in maximizing efficiency. Overall, the Oldtimers Housing Development Corporation of Chino appears to be a reliable nonprofit, though enhancing its program spending could further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Oldtimers Housing Development Corporation Of Chino legitimate?
Oldtimers Housing Development Corporation Of Chino is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oldtimers Housing Development Corporation Of Chino 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: $33,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,703
For more financial information, click here
What is the mission statement of Oldtimers Housing Development Corporation Of Chino?
The Oldtimers Housing Development Corporation of Chino, as a public housing project, is primarily focused on providing shelter for the elderly and individuals with disabilities. Operating under HUD Section 202, their mission is to ensure the availability of affordable housing units for this specific demographic. The corporation manages an 84-unit apartment project, offering subsidized rents through Section 8 Housing Assistance Payments. This initiative aims to enhance the living conditions and promote independence for this vulnerable group of individuals.
Who is the CEO of Oldtimers Housing Development Corporation Of Chino?
Cesar Zaldivar-Motts is the President of Oldtimers Housing Development Corporation Of Chino. The CEO's salary of Oldtimers Housing Development Corporation Of Chino is $32,287 and their total compensation is $32,784.
What is the revenue of Oldtimers Housing Development Corporation Of Chino?
Oldtimers Housing Development Corporation Of Chino's revenue in 2023 was $1,598,912.
Who are the executives of Oldtimers Housing Development Corporation Of Chino and what are their salaries?
The average compensation at Oldtimers Housing Development Corporation Of Chino during 2023 was $22,924. There are 10 employees and 4 volunteers at Oldtimers Housing Development Corporation Of Chino.
Here are 5 key members and their salaries (Oldtimers Housing Development Corporation Of Chino's CEO's salary is $32,287 and their total compensation is $32,784):
- 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: $32,287
- Related: $0
- Other: $497
Where can I find the form 990 for Oldtimers Housing Development Corporation Of Chino?
Oldtimers Housing Development Corporation Of Chino's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oldtimers Housing Development Corporation Of Chino
Oldtimers Housing Development Corporation of Chino is committed to providing public housing for the elderly and individuals with disabilities. This organization operates under HUD Section 202, providing an 84-unit apartment project with subsidized rents through Section 8 Housing Assistance Payments. The corporation's mission is to create an environment that caters to the needs of the elderly and handicapped, ensuring they have access to safe and affordable housing. By providing subsidized rents, Oldtimers Housing Development Corporation of Chino enables elderly individuals to maintain their independence and security, fostering a sense of community and support within the housing complex.
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Impact
July, 2024
Oldtimers Housing Development Corporation Of Chino's impact is significant in providing public housing for the elderly under HUD Section 202. The corporation operates an 84-unit apartment project with subsidized rents under Section 8 housing assistance payments, offering much-needed affordable housing options for seniors in the Chino community. By fulfilling its mission to provide housing for the elderly, Oldtimers Housing Development Corporation Of Chino contributes to improving the quality of life for older residents and ensuring they have a safe and comfortable place to call home.
This information is meant to be a general summary of Oldtimers Housing Development Corporation Of Chino. 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: $7,807
- Program Service Revenue: $437,420
- Gross Receipts: $1,598,912
Assets and Liabilities:
- Total Assets: $4,287,186
- Total Liabilities: $216,533
- Net Assets: $4,070,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT HOUSING PAYMENT
Revenue
$344,401
TENANT LAUNDRY & VENDI
Revenue
$93,019
Organization Details
Founding Year
1980
Phone
(909) 591-3244Principal Officer
Cesar Zaldivar-Motts
Main Address
12855 OAKS STREET, CHINO, CA, 91710
NTEE Category
Code: L210 - Housing
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