Overview
What is Community Corporation Of Santa Monica?
The Community Corporation of Santa Monica is a California-based nonprofit organization located at 1423 Second Street B, Santa Monica. With a workforce of 123 employees, they are dedicated to enhancing lives and neighborhoods by restoring, constructing, and managing affordable housing for individuals of modest means. Their mission focuses on improving communities through the provision of affordable housing.
Official website here: www.communitycorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating
The Community Corporation of Santa Monica has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial health. While the organization excels in maintaining an independent board and has robust policies in place for conflict of interest and whistleblowing, it falls short in its financial reporting and transparency, specifically regarding the posting of its tax form on its website.
Strengths include a fully independent board and a strong financial oversight committee, contributing positively to its governance framework. The organization demonstrates good practices in asset management and has not reported any material diversion of assets, which is a positive indicator of its integrity and operational soundness.
However, the financial health metrics raise some red flags, particularly the high liabilities to assets ratio at 80.48%, which suggests potential financial instability. Additionally, the program expense ratio of 60.62% may indicate that a significant portion of resources is not being allocated directly to programs. These factors contribute to the overall lower rating and highlight areas where the organization could improve its financial management and transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Community Corporation Of Santa Monica?
90% of reviewers on Facebook recommend the Community Corporation of Santa Monica. Here is a summary of their reviews:
Many individuals appreciate the organization's housing assistance, noting its commitment to helping clients, friends, and family members secure accommodations in Santa Monica. This positive sentiment highlights a strong trust in the nonprofit's ability to deliver meaningful support to those in need of housing in the area.
Overall, this nonprofit has established a good reputation among its supporters, with users expressing satisfaction in the services provided to the community. Their dedication to improving housing accessibility in Santa Monica resonates well with those seeking assistance, indicating that they genuinely fulfill their mission.
This AI summary has been generated from reviews found on Facebook.
Is Community Corporation Of Santa Monica legitimate?
Community Corporation Of Santa Monica is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Corporation Of Santa Monica 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: $2,067,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,077,135
For more financial information, click here
Official website here: www.communitycorp.org
What is the mission statement of Community Corporation Of Santa Monica?
The Community Corporation of Santa Monica is a mission-driven organization that strives to enhance lives and neighborhoods by constructing, managing, and preserving affordable housing for individuals of modest means. Established with the purpose of making a positive impact, the corporation focuses on improving living conditions and providing essential shelter for those in need. Through their committed efforts, they aim to create vibrant communities that offer stability and affordability. Their goal is to make a difference in people's lives by ensuring they have access to a safe and affordable place to call home.
Official website here: www.communitycorp.org
Who is the CEO of Community Corporation Of Santa Monica?
Tara Barauskas is the Chair of Community Corporation Of Santa Monica.
Official website here: www.communitycorp.org
What is the revenue of Community Corporation Of Santa Monica?
Community Corporation Of Santa Monica's revenue in 2023 was $17,446,931.
Official website here: www.communitycorp.org
Who are the executives of Community Corporation Of Santa Monica and what are their salaries?
The average compensation at Community Corporation Of Santa Monica during 2023 was $41,828. There are 123 employees at Community Corporation Of Santa Monica.
Here are 30 key members and their salaries:
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- Compensation: $120,440
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Official website here: www.communitycorp.org
Where can I find the form 990 for Community Corporation Of Santa Monica?
Community Corporation Of Santa Monica's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.communitycorp.org
Learn more at the official website: www.communitycorp.org
Mission Statement of Community Corporation Of Santa Monica
Community Corporation of Santa Monica, a renowned organization, was established with a noble mission to enhance lives and neighborhoods by restoring, constructing, and managing affordable housing opportunities for individuals of modest means. This nonprofit's primary goal is to make a positive impact on communities by providing essential housing solutions that cater to those in need. Through its diligent efforts, Community Corporation of Santa Monica has been instrumental in improving living conditions and fostering vibrant, thriving communities.
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Impact
October, 2024
Community Corporation of Santa Monica significantly impacts the local community by enhancing living conditions and fostering neighborhood improvement. By restoring, building, and managing affordable housing, the organization addresses the pressing need for accessible housing options for individuals and families of modest means. This commitment to affordable housing not only provides stability for residents but also promotes vibrant, inclusive neighborhoods. The corporation’s efforts contribute to the overall well-being of the community, ensuring that more people can thrive in a supportive environment.
This information is meant to be a general summary of Community Corporation Of Santa Monica. 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: -$277,465
- Program Service Revenue: $17,071,678
- Gross Receipts: $17,487,726
Assets and Liabilities:
- Total Assets: $196,578,894
- Total Liabilities: $158,209,930
- Net Assets: $38,368,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$13,650,481
DEVELOPMENT FEES
Revenue
$2,650,615
PROPERTY MANAGEMENT
Revenue
$1,058,265
RESIDENT SERVICE FEES
Revenue
$388,692
MAINTENANCE SERVICE FEES
Revenue
$305,977
Organization Details
Founding Year
1982
Phone
(310) 394-8487Principal Officer
Tara Barauskas
Main Address
1423 SECOND STREET B, SANTA MONICA, CA, 90401
Website
www.communitycorp.orgNTEE Category
Code: L210 - Housing
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