Overview
What is Telacu Senior Housing Of Los Angeles County?
Telacu Senior Housing of Los Angeles County is a not-for-profit corporation established in compliance with California's nonprofit laws. Its primary purpose is to operate a 75-unit housing project named Casa Telacu, situated in Los Angeles, California. This project is designed to provide affordable housing for low-income elderly individuals. The corporation receives financial support in the form of housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. The organization's mission is to contribute to the betterment of senior living standards in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star Rating)
Telacu Senior Housing of Los Angeles County has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization scored 64% overall, reflecting weaknesses particularly in board independence and size, as it received no points in these areas. However, it demonstrated strong performance in other metrics such as financial statements oversight and conflict of interest policies.
The nonprofit has strengths in its financial management aspects, including a perfect score for its audit and oversight committee and adherence to whistleblower and document retention policies. Additionally, it maintains a solid program expense ratio, indicating effective allocation of resources towards its mission of providing senior housing.
Despite its strengths, the lack of an independent board and transparency issues—such as not posting its tax forms on its website—are notable limitations. These factors can impact the organization’s credibility and trustworthiness among potential donors and stakeholders. Overall, while Telacu Senior Housing shows commitment to its operations, addressing governance and transparency challenges would enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Senior Housing Of Los Angeles County legitimate?
Telacu Senior Housing Of Los Angeles County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Senior Housing Of Los Angeles County 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 Housing Of Los Angeles County?
Telacu Senior Housing Of Los Angeles County is a not-for-profit corporation formed under the statutes of California. Its primary objective is to provide housing for low-income elderly individuals. This is achieved through the operation of a 75-unit project named Casa Telacu, located in Los Angeles, California. The corporation receives funding for this project through Housing Assistance Payments from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act. In essence, the mission of Telacu Senior Housing Of Los Angeles County is dedicated to offering affordable housing solutions for the elderly population in need.
Who is the CEO of Telacu Senior Housing Of Los Angeles County?
Michael Lizarraga is the Principal Officer of Telacu Senior Housing Of Los Angeles County.
What is the revenue of Telacu Senior Housing Of Los Angeles County?
Telacu Senior Housing Of Los Angeles County's revenue in 2022 was $1,070,707.
Who are the executives of Telacu Senior Housing Of Los Angeles County 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 Housing Of Los Angeles County?
Telacu Senior Housing Of Los Angeles County's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Senior Housing Of Los Angeles County
Telacu Senior Housing Of Los Angeles County is a non-profit organization established under the not-for-profit statutes of California. Its primary mission is to operate a 75-unit housing project known as Casa Telacu, located in Los Angeles, California. This project is specifically designed to provide affordable housing for low-income elderly individuals. The organization receives financial assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which has been amended. In essence, Telacu Senior Housing Of Los Angeles County is committed to enhancing the living conditions of elderly individuals by offering them affordable housing options.
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Impact
July, 2024
Telacu Senior Housing Of Los Angeles County's impact lies in providing affordable housing for low-income elderly persons in the city of Los Angeles. Through its operation of Casa Telacu, a 75-unit project, the organization ensures that this vulnerable demographic has a safe and secure place to live. By receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Senior Housing plays a crucial role in addressing the housing needs of the elderly population in Los Angeles County.
This information is meant to be a general summary of Telacu Senior Housing Of Los Angeles County. 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: $1,179
- Program Service Revenue: $242,972
- Gross Receipts: $1,070,707
Assets and Liabilities:
- Total Assets: $4,082,134
- Total Liabilities: $6,112,197
- Net Assets: -$2,030,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$242,972
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: L22Z - Housing
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