Overview
What is Culver City Senior Citizen Housing Corp?
Culver City Senior Citizen Housing Corp is a California-based nonprofit organization established in 1992. Its primary mission is to provide affordable housing for the elderly, operating a 48-unit rental project located in Culver City, CA. The organization functions under Section 202 of the National Housing Act and has a regulatory agreement with the US Department of Housing & Urban Development that governs its rental charges and operating methods. The nonprofit's purpose is to offer a supportive living environment for senior citizens in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Culver City Senior Citizen Housing Corp has earned a Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating indicates a generally solid performance in accountability and finance, with a particularly strong showing in areas such as independent board governance and financial oversight. The organization has 100% independent board members, ensuring transparency and effective stewardship of resources.
The nonprofit excels in maintaining a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are critical for ethical management. Additionally, it has demonstrated effectiveness in its program expenses, with a program expense ratio of 69.76%, suggesting that a significant portion of its funding is directed toward its mission-related activities.
However, the organization has a noted concern regarding its liabilities to assets ratio, which stands at 175.41%. This high ratio indicates that the organization has more liabilities than it does assets, potentially raising questions about its financial stability and sustainability in the long term. Overall, while Culver City Senior Citizen Housing Corp shows strong governance and programmatic effectiveness, attention may be needed to address its financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Culver City Senior Citizen Housing Corp legitimate?
Culver City Senior Citizen Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Culver City Senior Citizen Housing Corp 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.
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What is the mission statement of Culver City Senior Citizen Housing Corp?
The Culver City Senior Citizen Housing Corp, established as a California not-for-profit organization, was formed with the purpose of owning a 48-unit rental housing project specifically designed for the elderly. The corporation began operating this project in Culver City, California, on September 8, 1992, under Section 202 of the National Housing Act. The organization has entered into a regulatory agreement with the US Department of Housing & Urban Development, which regulates the project's operations in terms of rental charges and operational methods. The primary focus of the Culver City Senior Citizen Housing Corp is to provide suitable and affordable housing for the elderly community.
Who is the CEO of Culver City Senior Citizen Housing Corp?
Douglas Cope is the Chair of Culver City Senior Citizen Housing Corp.
What is the revenue of Culver City Senior Citizen Housing Corp?
Culver City Senior Citizen Housing Corp's revenue in 2023 was $1,390,101.
Who are the executives of Culver City Senior Citizen Housing Corp and what are their salaries?
Here are 15 key members and their salaries:
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- Related: $135,576
- Other: $21,323
Where can I find the form 990 for Culver City Senior Citizen Housing Corp?
Culver City Senior Citizen Housing Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Culver City Senior Citizen Housing Corp
Culver City Senior Citizen Housing Corp, a California-based non-profit organization, was established with a mission to provide affordable housing for the elderly. Operating under Section 202 of the National Housing Act, the corporation owns a 48-unit rental project specifically designed for the elderly. Established in 1992, the organization began its operations with a regulatory agreement from the US Department of Housing & Urban Development, which sets guidelines for the project's rental charges and operational methods. This agreement ensures that the corporation can offer suitable housing solutions for the elderly population, providing them with a safe and comfortable living environment.
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Impact
July, 2024
Culver City Senior Citizen Housing Corp provides essential housing support for the elderly in Culver City, CA. Since its inception in 1992, this organization has maintained a 48-unit rental housing project specifically designed to cater to the needs of senior citizens. By operating under Section 202 of the National Housing Act and executing a regulatory agreement with the US Department of Housing & Urban Development, Culver City Senior Citizen Housing Corp ensures affordable rental charges and follows proper operating methods to serve this vulnerable population. Overall, their impact includes offering secure and comfortable living arrangements for older adults in the community, contributing to their quality of life and well-being.
This information is meant to be a general summary of Culver City Senior Citizen Housing Corp. 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: $1,302
- Program Service Revenue: $196,217
- Gross Receipts: $1,390,101
Assets and Liabilities:
- Total Assets: $3,289,043
- Total Liabilities: $5,769,519
- Net Assets: -$2,480,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$196,217
Organization Details
Founding Year
1983
Phone
(310) 475-6083Principal Officer
Douglas Cope
Main Address
10991 W PICO BLVD, LOS ANGELES, CA, 90064
NTEE Category
Code: B90 - Education
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