Overview
What is Rosamond Hills Inc?
Rosamond Hills Inc is a nonprofit organization situated in Rosamond, California. With a small team of five dedicated individuals, their primary mission is to provide affordable housing for individuals who are either aged 62 or have disabilities. The organization manages 79 apartment units, specifically designed to cater to this demographic. Their purpose is to ensure that these individuals have access to secure and comfortable living spaces, thereby contributing positively to their overall well-being.
Official website here: www.rosamondhillsapts.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating. This rating indicates a satisfactory level of accountability and financial health for Rosamond Hills Inc. The organization demonstrates strong governance with an entirely independent board and a high score in program expenses, indicating that a significant portion of its funds is directed toward its mission.
Strengths include a perfect score in several areas such as financial audits, board size, and material diversion of assets. The charity has also established clear policies regarding conflict of interest, document retention, and transparency in board meeting minutes, which reflect a commitment to operational integrity.
However, the organization does have limitations, particularly in its whistleblower policy, which is currently missing. Additionally, the liabilities to assets ratio raises some concerns, indicating potential financial risks. Overall, while Rosamond Hills Inc shows favorable operational standards, there are areas for improvement that could enhance its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Rosamond Hills Inc legitimate?
Rosamond Hills Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rosamond Hills 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: $135,194
For more financial information, click here
Official website here: www.rosamondhillsapts.com
What is the mission statement of Rosamond Hills Inc?
Rosamond Hills Inc is dedicated to providing low-income housing for individuals who are either 62 years old or have disabilities. This mission is carried out through the operation of 79 apartment units, which are specifically designed to accommodate these tenants. The organization's primary goal is to offer a safe and affordable living space for individuals who may otherwise struggle to secure such housing. By providing this service, Rosamond Hills Inc aims to contribute positively to the well-being and independence of its residents. The organization continually strives to maintain and improve its facilities to ensure they meet the needs of its tenants.
Official website here: www.rosamondhillsapts.com
Who is the CEO of Rosamond Hills Inc?
Gretchen Winfrey is the President of Rosamond Hills Inc.
Official website here: www.rosamondhillsapts.com
What is the revenue of Rosamond Hills Inc?
Rosamond Hills Inc's revenue in 2022 was $641,055.
Official website here: www.rosamondhillsapts.com
Who are the executives of Rosamond Hills Inc and what are their salaries?
The average compensation at Rosamond Hills Inc during 2022 was $27,039. There are 5 employees and 14 volunteers at Rosamond Hills Inc.
Here are 7 key members and their salaries:
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Official website here: www.rosamondhillsapts.com
Where can I find the form 990 for Rosamond Hills Inc?
Rosamond Hills Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rosamondhillsapts.com
Learn more at the official website: www.rosamondhillsapts.com
Mission Statement of Rosamond Hills Inc
Rosamond Hills Inc, a nonprofit organization, is committed to providing low-income housing for individuals who are either 62 years old or have disabilities. This mission is a critical service, aiming to accommodate those in need of housing and support during their later years or due to their specific circumstances. To fulfill this mission, Rosamond Hills Inc operates 79 apartment units, offering housing to eligible tenants. These units serve as vital living spaces, providing a sense of security and stability for the individuals who reside there. By offering low-income housing, Rosamond Hills Inc makes a significant contribution to the well-being and quality of life for its residents. The organization's commitment to this mission reflects its dedication to supporting vulnerable individuals and ensuring they have access to safe and affordable housing.
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Impact
July, 2024
Rosamond Hills Inc has a significant impact in providing low-income housing for individuals who are aged 62 or handicapped in the city of Rosamond, CA. Through their operation of 79 apartment units, they are able to offer housing to those in need in the community. Their mission is clear - to provide affordable housing options for vulnerable populations, ensuring that they have a safe and stable place to call home. This impact not only addresses the critical need for housing security but also contributes to the overall well-being and quality of life for those they serve.
This information is meant to be a general summary of Rosamond Hills 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 2022.
- Investment Income: $15
- Program Service Revenue: $633,140
- Gross Receipts: $641,055
Assets and Liabilities:
- Total Assets: $1,434,844
- Total Liabilities: $1,983,777
- Net Assets: -$548,933
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY AND VENDING INC
Revenue
$4,028
RENTS
Revenue
$311,176
TENANT ASSISTANCE PYMTS
Revenue
$317,936
Organization Details
Founding Year
1978
Phone
(661) 256-3333Principal Officer
Gretchen Winfrey
Main Address
3075 SIERRA HIGHWAY PO BOX 55, ROSAMOND, CA, 93560
Website
www.rosamondhillsapts.comNTEE Category
Code: L22Z - Housing
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