Overview
What is Cecil Avenue Apartments Inc?
Cecil Avenue Apartments Inc is a California-based nonprofit organization, established in accordance with the state's not-for-profit statutes. Its primary objective is to manage a 43-unit housing community named Harold Olson Rotary Village, located in Delano, California. This community caters to low-income elderly individuals, adhering to Section 202 of the National Housing Act. On December 18, 2020, the original mortgage was refinanced under Section 207, in accordance with Section 223(F) of the National Housing Act. The organization's mission is to provide affordable housing for this vulnerable demographic, enhancing their quality of life.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Cecil Avenue Apartments Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived entirely from its strong performance in the Accountability & Finance category, where it scored 81. The organization demonstrates robust governance with an independent board, comprising 88% independent members, and effective oversight practices.
Notable strengths include a high program expense ratio of 90.52%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. The nonprofit maintains comprehensive policies such as conflict of interest and whistleblower protections, reinforcing its commitment to ethical standards and transparency.
However, while the organization shows strong fiscal responsibility, the salaries of key personnel may raise some concerns regarding compensation levels, particularly for leadership roles. For instance, the CEO's compensation is reported to be $608,035. This aspect may warrant further scrutiny in discussions about resource allocation and organizational priorities. Overall, Cecil Avenue Apartments Inc demonstrates a commitment to accountability and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Cecil Avenue Apartments Inc legitimate?
Cecil Avenue Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cecil Avenue Apartments 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: $0
For more financial information, click here
Official website here: www.rhf.org
What is the mission statement of Cecil Avenue Apartments Inc?
Cecil Avenue Apartments Inc, as a not-for-profit corporation, was established with the primary objective of offering housing facilities for low-income elderly individuals. It operates a 43-unit community known as Harold Olson Rotary Village, which is situated in Delano, California. The corporation adheres to Section 202 of the National Housing Act, aiming to provide suitable living spaces for this demographic. In 2020, the original mortgage was refinanced under Section 207, utilizing Section 223(F) of the National Housing Act, as amended. While the information does not provide an explicit mission statement, the corporation's activities suggest a commitment to providing affordable housing for the elderly, aligning with the spirit of the National Housing Act.
Official website here: www.rhf.org
Who is the CEO of Cecil Avenue Apartments Inc?
Stuart Hartman is the Principal Officer of Cecil Avenue Apartments Inc. The CEO's salary of Cecil Avenue Apartments Inc is $0 and their total compensation is $682,064.
Official website here: www.rhf.org
What is the revenue of Cecil Avenue Apartments Inc?
Cecil Avenue Apartments Inc's revenue in 2023 was $597,936.
Official website here: www.rhf.org
Who are the executives of Cecil Avenue Apartments Inc and what are their salaries?
Here are 35 key members and their salaries (Cecil Avenue Apartments Inc's CEO's salary is $0 and their total compensation is $682,064):
- Compensation: $0
- Related: $608,035
- Other: $74,029
- Compensation: $0
- Related: $442,308
- Other: $43,069
- Compensation: $0
- Related: $313,582
- Other: $17,519
- Compensation: $0
- Related: $242,812
- Other: $11,672
- Compensation: $0
- Related: $239,282
- Other: $29,102
- Compensation: $0
- Related: $235,353
- Other: $42,526
- Compensation: $0
- Related: $231,220
- Other: $42,394
- Compensation: $0
- Related: $218,679
- Other: $16,908
- Compensation: $0
- Related: $214,343
- Other: $15,930
- Compensation: $0
- Related: $195,871
- Other: $18,163
- Compensation: $0
- Related: $196,730
- Other: $13,455
- Compensation: $0
- Related: $167,122
- Other: $5,014
- Compensation: $0
- Related: $165,017
- Other: $12,398
- Compensation: $0
- Related: $161,428
- Other: $13,535
- Compensation: $0
- Related: $160,693
- Other: $4,725
- Compensation: $0
- Related: $162,871
- Other: $13,914
- Compensation: $0
- Related: $161,559
- Other: $15,584
- Compensation: $0
- Related: $158,830
- Other: $21,653
- Compensation: $0
- Related: $156,800
- Other: $12,888
- Compensation: $0
- Related: $150,563
- Other: $9,786
- Compensation: $0
- Related: $151,621
- Other: $16,442
- Compensation: $0
- Related: $148,565
- Other: $4,498
- Compensation: $0
- Related: $147,762
- Other: $5,391
- Compensation: $0
- Related: $147,683
- Other: $14,966
- Compensation: $0
- Related: $149,091
- Other: $3,501
- Compensation: $0
- Related: $145,806
- Other: $13,849
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Cecil Avenue Apartments Inc?
Cecil Avenue Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Cecil Avenue Apartments Inc
Cecil Avenue Apartments Inc, a non-profit organization established in accordance with California's not-for-profit statutes, was formed with a mission to operate a 43-unit community known as Harold Olson Rotary Village. This community is situated in Delano, California, and serves a significant purpose – providing housing for low-income elderly individuals. This mission aligns with Section 202 of the National Housing Act, a legislative provision aimed at addressing housing needs for specific populations. In 2020, the organization refinanced its original mortgage under Section 207, further solidifying its commitment to providing safe and secure living spaces for its residents. The corporation's mission revolves around ensuring affordable housing for elderly individuals, thereby contributing to their well-being and overall quality of life.
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Impact
July, 2024
Cecil Avenue Apartments Inc, operating the Harold Olson Rotary Village in Delano, California, makes a significant impact by providing affordable housing for low-income elderly persons. This initiative not only ensures that this vulnerable population has a safe and comfortable place to live but also contributes to their overall well-being and quality of life. By offering housing in accordance with the National Housing Act, Cecil Avenue Apartments Inc is addressing a crucial need in the community and making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Cecil Avenue Apartments 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 2023.
- Investment Income: $1,020
- Program Service Revenue: $154,742
- Gross Receipts: $597,936
Assets and Liabilities:
- Total Assets: $3,560,616
- Total Liabilities: $3,299,139
- Net Assets: $261,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$154,742
Organization Details
Founding Year
1983
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
Website
www.rhf.orgNTEE Category
Code: L21 - Housing
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