Overview
What is Fame Good Shepherd Ctr Housing Dev Corp?
Fame Good Shepherd Ctr Housing Dev Corp is a nonprofit organization situated in Los Angeles, California. Their primary mission is to offer affordable housing for individuals with disabilities, catering to those with moderate to low income levels. The corporation accomplishes this by providing forty handicapped housing units for rent. In addition to housing, they also extend support by offering transportation services to handicapped individuals and families, ensuring their mobility and increased accessibility.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Stars
Fame Good Shepherd Center Housing Development Corporation has received a rating of 75%, reflecting a solid performance in accountability and finance. The charity's score is derived entirely from its accountability and finance metrics, indicating a strong commitment to transparency and fiscal responsibility. Notably, the organization boasts a fully independent board, achieving full marks in both board independence and size.
The financial statements are audited, and there are no material diversions of assets, which bolsters the organization's credibility. Additionally, the charity has policies in place for whistleblower protection and document retention, scoring highly in these areas as well. The program expense ratio is impressive at 94.85%, suggesting that a significant majority of its funds are directed toward fulfilling its mission.
However, the charity does face a concern with its liabilities to assets ratio, which is quite high at 183.45%. This indicates that the organization may have more liabilities than assets, which could raise questions about financial sustainability in the long term. Overall, while Fame Good Shepherd Center Housing Development Corporation demonstrates strong governance and program funding, attention to its financial liabilities is recommended.
This AI summary has been generated from information found on Charity Navigator.
Is Fame Good Shepherd Ctr Housing Dev Corp legitimate?
Fame Good Shepherd Ctr Housing Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fame Good Shepherd Ctr Housing Dev 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,518
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What is the mission statement of Fame Good Shepherd Ctr Housing Dev Corp?
The Fame Good Shepherd Ctr Housing Dev Corp has a mission to provide housing for individuals with handicaps who fall within the moderate to low-income bracket. This organization is committed to making housing accessible for this specific group of people. In addition to offering housing, the corporation also offers transportation services for handicapped individuals and families, further enhancing their living experience. The primary goal of Fame Good Shepherd Ctr Housing Dev Corp is to ensure that handicapped individuals have access to affordable and suitable housing, thereby improving their quality of life.
Who is the CEO of Fame Good Shepherd Ctr Housing Dev Corp?
Rev Edgar E Boyd is the President of Fame Good Shepherd Ctr Housing Dev Corp.
What is the revenue of Fame Good Shepherd Ctr Housing Dev Corp?
Fame Good Shepherd Ctr Housing Dev Corp's revenue in 2022 was $675,558.
Who are the executives of Fame Good Shepherd Ctr Housing Dev Corp and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Fame Good Shepherd Ctr Housing Dev Corp?
Fame Good Shepherd Ctr Housing Dev Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fame Good Shepherd Ctr Housing Dev Corp
Fame Good Shepherd Ctr Housing Dev Corp, as a nonprofit organization, is dedicated to serving handicapped individuals of moderate to low income by providing them with housing solutions. Its primary mission is to offer affordable housing through the rental of forty units specifically designed to cater to the needs of these individuals. Beyond providing housing, the corporation also extends its support by offering transportation services to handicapped individuals and families, ensuring their mobility and independence.
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Impact
July, 2024
Fame Good Shepherd Ctr Housing Dev Corp's impact is significant in providing housing to handicapped individuals of moderate to low income in Los Angeles, California. They offer affordable housing through the rental of forty units specifically designed for handicapped residents. Additionally, the organization provides transportation services for handicapped individuals and families, further enhancing their quality of life and access to essential services. Their mission of ensuring accessible housing for this marginalized population demonstrates a commitment to promoting inclusivity and improving the overall well-being of those they serve.
This information is meant to be a general summary of Fame Good Shepherd Ctr Housing Dev 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 2022.
- Investment Income: $66
- Program Service Revenue: $674,067
- Gross Receipts: $675,558
Assets and Liabilities:
- Total Assets: $2,352,280
- Total Liabilities: $4,233,861
- Net Assets: -$1,881,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$672,445
Laundry Income
Revenue
$1,622
Organization Details
Founding Year
1985
Principal Officer
Rev Edgar E Boyd
Main Address
2270 S Harvard Blvd, Los Angeles, CA, 90018
NTEE Category
Code: L20 - Housing
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