Overview
What is Newstart Housing Corporation Inc?
Newstart Housing Corporation Inc, located in Huntington Park, California, is a dedicated community and housing development organization. Their primary mission is to provide affordable housing options for elderly, disabled, and low-income families. By developing decent, healthy, and affordable housing opportunities, Newstart Housing Corporation aims to create a positive impact in neighborhoods, improving living conditions for those in need. With a workforce of 11 individuals, they strive to make a difference in the lives of their community members.
Official website here: www.newstarthc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Newstart Housing Corporation Inc received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and financial practices. With an overall score of 71%, the organization demonstrates solid accountability through 100% independent board members and high marks in financial oversight. However, it faces challenges in transparency, as key policies regarding whistleblower protection and document retention are missing.
The organization shows a commendable program expense ratio of 68.08%, suggesting that a significant portion of its resources is allocated toward its mission-related activities. However, the liabilities to assets ratio of 131.34% raises concerns about its financial health and sustainability moving forward. This imbalance may pose risks to its long-term viability and ability to fulfill its mission effectively.
Overall, Newstart Housing Corporation Inc exhibits strengths in governance and program spending but must address several transparency and financial management issues to enhance its accountability and public trust. The missing policies and high liabilities suggest a need for strategic improvements to ensure a more stable foundation for future growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Newstart Housing Corporation Inc legitimate?
Newstart Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newstart Housing Corporation 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: $96,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $393,867
For more financial information, click here
Official website here: www.newstarthc.org
What is the mission statement of Newstart Housing Corporation Inc?
Newstart Housing Corporation Inc's mission is centered around providing affordable housing for elderly, disabled, and low-income families. The organization strives to bring about positive changes in neighborhoods by developing housing opportunities that are decent, healthy, and affordable. This mission is accomplished through the development of suitable housing options, aiming to enhance the living conditions of these vulnerable groups. By doing so, Newstart Housing Corporation Inc contributes to the promotion of healthy communities.
Official website here: www.newstarthc.org
Who is the CEO of Newstart Housing Corporation Inc?
Cesar Zaldivar-Motts is the Board Member of Newstart Housing Corporation Inc. The CEO's salary of Newstart Housing Corporation Inc is $85,595 and their total compensation is $89,195.
Official website here: www.newstarthc.org
What is the revenue of Newstart Housing Corporation Inc?
Newstart Housing Corporation Inc's revenue in 2022 was $2,460,663.
Official website here: www.newstarthc.org
Who are the executives of Newstart Housing Corporation Inc and what are their salaries?
The average compensation at Newstart Housing Corporation Inc during 2022 was $44,564. There are 11 employees and 4 volunteers at Newstart Housing Corporation Inc.
Here are 5 key members and their salaries (Newstart Housing Corporation Inc's CEO's salary is $85,595 and their total compensation is $89,195):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $85,595
- Related: $0
- Other: $3,600
Official website here: www.newstarthc.org
Where can I find the form 990 for Newstart Housing Corporation Inc?
Newstart Housing Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newstarthc.org
Learn more at the official website: www.newstarthc.org
Mission Statement of Newstart Housing Corporation Inc
Newstart Housing Corporation Inc is committed to providing affordable housing for elderly, disabled, and low-income families. Their mission goes beyond just offering housing; they aim to create positive change in neighborhoods by developing decent, healthy, and affordable housing opportunities. By doing so, they contribute to the betterment of communities, ensuring that these vulnerable groups have a safe and suitable living environment. Their goal is to foster a sense of community and improve the lives of those in need, making a significant impact in the lives of the elderly, disabled, and low-income families they serve.
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Impact
July, 2024
Newstart Housing Corporation Inc's impact is significant in providing affordable housing for the elderly, disabled, and low-income families in Huntington Park, CA. By creating housing opportunities that are decent, healthy, and affordable, they contribute to the development of positive changes in neighborhoods. Their work as a community and housing development organization helps to improve the quality of life for those in need by offering access to affordable housing and promoting the growth of healthy communities.
This information is meant to be a general summary of Newstart Housing Corporation 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.
- Program Service Revenue: $2,175,939
- Gross Receipts: $2,460,663
Assets and Liabilities:
- Total Assets: $13,553,757
- Total Liabilities: $17,426,876
- Net Assets: -$3,873,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,006,012
CITY LOAN FEES
Revenue
$98,912
MANAGEMENT FEES
Revenue
$71,015
Organization Details
Founding Year
1982
Phone
(323) 835-6880Principal Officer
Cesar Zaldivar-Motts
Main Address
3355 EAST GAGE ST, HUNTINGTON PARK, CA, 90255
Website
www.newstarthc.orgNTEE Category
Code: L21 - Housing
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