Overview
What is Miracle Mile Senior Citizen Housing Corp?
Miracle Mile Senior Citizen Housing Corp is a California-based nonprofit organization, established to own and manage a 28-unit rental housing project specifically designed for the elderly. The project, located in Los Angeles, started operations on December 1, 1994, and operates under Section 202 of the Housing Act of 1959. A regulatory agreement with the U.S. Department of Housing and Urban Development governs the project's rental charges and operating methods, ensuring it serves its intended purpose efficiently.
Is Miracle Mile Senior Citizen Housing Corp legitimate?
Miracle Mile Senior Citizen Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miracle Mile 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Miracle Mile Senior Citizen Housing Corp?
The Miracle Mile Senior Citizen Housing Corp was established as a California nonprofit corporation with a mission to own and operate a 28-unit rental housing project for the elderly. This project commenced operations on December 1, 1994, and it falls under Section 202 of the Housing Act of 1959. The corporation operates with a regulatory agreement with the U.S. Department of Housing and Urban Development, which governs the project's rental charges and operating methods. The primary objective of Miracle Mile Senior Citizen Housing Corp is to provide suitable housing for the elderly, with regulations in place to ensure affordable and efficient operations.
Who is the CEO of Miracle Mile Senior Citizen Housing Corp?
Douglas Cope is the Chair of Miracle Mile Senior Citizen Housing Corp.
What is the revenue of Miracle Mile Senior Citizen Housing Corp?
Miracle Mile Senior Citizen Housing Corp's revenue in 2023 was $324,836.
Who are the executives of Miracle Mile Senior Citizen Housing Corp and what are their salaries?
Here are 15 key members and their salaries:
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- Related: $295,646
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- Other: $21,323
Where can I find the form 990 for Miracle Mile Senior Citizen Housing Corp?
Miracle Mile Senior Citizen Housing Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Miracle Mile Senior Citizen Housing Corp
Miracle Mile Senior Citizen Housing Corp, established as a California nonprofit corporation, was formed with a specific mission. This organization is dedicated to owning and managing a 28-unit rental housing project, catering to the elderly population. The project, situated in Los Angeles, California, commenced operations on December 1, 1994. Operating under Section 202 of the Housing Act of 1959, Miracle Mile Senior Citizen Housing Corp adheres to a regulatory agreement with the U.S. Department of Housing and Urban Development. This agreement governs the project's operations, particularly in regards to rental charges and operating methods. The primary objective of Miracle Mile Senior Citizen Housing Corp is to provide a safe and comfortable living environment for the elderly, ensuring they can age with dignity and independence.
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Impact
October, 2024
Miracle Mile Senior Citizen Housing Corp significantly contributes to the well-being of elderly residents in Los Angeles by providing affordable and secure rental housing. With a focus on creating a supportive living environment, the organization operates a 28-unit rental housing project specifically designed for seniors. Since beginning operations on December 1, 1994, it has fulfilled a critical need for accessible housing options in an urban area, promoting independent living among older adults.
The housing project is governed under Section 202 of the Housing Act of 1959, which ensures that rental charges remain manageable for senior citizens. This regulatory framework, coupled with the agreement with the U.S. Department of Housing and Urban Development, enables the organization to maintain operational standards that prioritize the health and safety of residents.
The impact of Miracle Mile Senior Citizen Housing Corp extends beyond just providing shelter; it fosters a sense of community among residents, enhances quality of life, and alleviates some of the financial burdens faced by many elderly individuals. By focusing on the specific needs of seniors, the organization plays a vital role in enabling them to thrive in a supportive housing environment.
This information is meant to be a general summary of Miracle Mile 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: $377
- Program Service Revenue: $96,125
- Gross Receipts: $324,836
Assets and Liabilities:
- Total Assets: $1,248,539
- Total Liabilities: $2,248,117
- Net Assets: -$999,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$96,125
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: L22 - Housing
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