Overview
What is Telacu Senior Court Inc?
Telacu Senior Court Inc is a California-based nonprofit corporation, established under the state's not-for-profit statutes. Its primary mission is to operate a 75-unit housing project named Telacu Senior Court, situated in Baldwin Park, California. This project provides sheltered living spaces for low-income and very low-income elderly individuals. The organization receives financial assistance from the U.S. Department of Housing and Urban Development, as per Section 202 of the National Housing Act, amended. Telacu Senior Court Inc's purpose is to contribute to the well-being of elderly people by offering them a secure, affordable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
Telacu Senior Court Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is primarily driven by its Accountability & Finance metrics. While the organization shows strengths in areas such as financial statements oversight and having a conflict of interest policy, it struggles with board independence and transparency.
The evaluation reveals critical areas needing improvement, particularly in board governance, as it scored zero points for the majority of independent board members and independent board size. Additionally, transparency issues are evident, with the charity failing to list its tax form on its website and scoring low on the liabilities to assets ratio.
Despite these challenges, Telacu Senior Court Inc demonstrates solid program expense management, with the program expense ratio receiving a perfect score. Addressing governance and transparency concerns could enhance its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Senior Court Inc legitimate?
Telacu Senior Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Senior Court 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
What is the mission statement of Telacu Senior Court Inc?
Telacu Senior Court Inc, as a not-for-profit corporation, was established with the primary objective of providing housing for low-income and very low-income elderly individuals. Located in an undisclosed city, the organization operates a 75-unit project named Telacu Senior Court. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, which aids in fulfilling its mission. Telacu Senior Court Inc's mission is centered around providing essential housing solutions for the elderly population who may struggle financially. The organization's primary focus is on ensuring that these individuals have access to safe and affordable living spaces.
Who is the CEO of Telacu Senior Court Inc?
Michael Lizarraga is the Principal Officer of Telacu Senior Court Inc.
What is the revenue of Telacu Senior Court Inc?
Telacu Senior Court Inc's revenue in 2022 was $1,019,697.
Who are the executives of Telacu Senior Court Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,889,036
- Other: $34,761
- Compensation: $0
- Related: $249,667
- Other: $15,864
- Compensation: $0
- Related: $955,911
- Other: $32,937
- Compensation: $0
- Related: $25,640
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $36,000
- Other: $0
Where can I find the form 990 for Telacu Senior Court Inc?
Telacu Senior Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Senior Court Inc
Telacu Senior Court Inc, a California-based not-for-profit corporation, was established with a mission to provide housing for low-income and very low-income elderly individuals. This mission is accomplished through the operation of a 75-unit project known as Telacu Senior Court, situated in the city of Baldwin Park. The organization receives financial assistance from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act, which is amended. The primary objective of Telacu Senior Court Inc is to offer a secure living environment for the elderly population who may be struggling financially. By doing so, the organization aims to contribute positively to their well-being and overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Telacu Senior Court Inc's impact can be seen in the provision of affordable housing for low-income and very low-income elderly persons. Through its operation of a 75-unit project in Baldwin Park, California, the organization helps address the housing needs of a vulnerable population. By receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Senior Court Inc plays a vital role in ensuring these individuals have a safe and stable place to call home. This impact is particularly significant in addressing the challenges faced by elderly individuals with limited financial resources in accessing suitable housing options.
This information is meant to be a general summary of Telacu Senior Court 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.
- Investment Income: $1,655
- Program Service Revenue: $255,809
- Gross Receipts: $1,019,697
Assets and Liabilities:
- Total Assets: $4,605,016
- Total Liabilities: $5,880,722
- Net Assets: -$1,275,706
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$255,809
Organization Details
Founding Year
1987
Phone
(323) 721-1655Principal Officer
Michael Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L210 - Housing
If you are a representative of Telacu Senior Court Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.