Overview
What is Telacu Senior Manor - Los Angeles?
Telacu Senior Manor - Los Angeles, Inc. is a California-based not-for-profit corporation, established in accordance with the state's nonprofit statutes. Its primary mission is to operate Telacu Plaza, a 40-unit community situated in Los Angeles, providing housing for low-income elderly individuals. The organization receives financial assistance from the U.S. Department of Housing and Urban Development through Section 202 of the National Housing Act. Telacu Plaza's purpose is to offer a secure living environment for its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%)
Telacu Senior Manor has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The overall score of 64% reflects concerns particularly related to governance and board independence, as the organization scored zero on both the majority independent board members and independent board size metrics.
Despite these governance shortcomings, the nonprofit demonstrates strength in its financial oversight, having achieved full marks for its audit and oversight committee and for managing material diversion of assets. Additionally, it maintains solid practices concerning conflict of interest and whistleblower policies, which are crucial for ethical operations.
However, the organization has notable gaps in transparency, with no website listing of its tax form and a lack of independent board members, which are critical for fostering trust among stakeholders. While there are positive elements in financial management, these transparency and governance issues highlight the areas that require attention for Telacu Senior Manor to enhance its accountability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Senior Manor - Los Angeles legitimate?
Telacu Senior Manor - Los Angeles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Senior Manor - Los Angeles 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 Manor - Los Angeles?
Telacu Senior Manor, as a not-for-profit organization, was established with the purpose of providing housing for low-income elderly individuals. Situated in California, it operates a 40-unit community known as Telacu Plaza. The corporation receives funding from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, with the aim of assisting in the housing needs of this specific demographic. The organization's mission, in essence, is dedicated to offering a safe and affordable living space for elderly individuals who may have limited financial resources.
Who is the CEO of Telacu Senior Manor - Los Angeles?
Michael Lizarraga is the Principal Officer of Telacu Senior Manor - Los Angeles.
What is the revenue of Telacu Senior Manor - Los Angeles?
Telacu Senior Manor - Los Angeles's revenue in 2022 was $957,071.
Who are the executives of Telacu Senior Manor - Los Angeles 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 Manor - Los Angeles?
Telacu Senior Manor - Los Angeles's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Senior Manor - Los Angeles
Telacu Senior Manor, a not-for-profit corporation, was established with the aim of providing housing for low-income elderly individuals. Located in California, this organization operates a 40-unit community known as Telacu Plaza. The corporation's mission is rooted in its receipt of housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which is aimed at supporting such initiatives. Telacu Senior Manor's primary purpose is to ensure that elderly individuals in need of affordable housing can find a safe and comfortable living environment. The organization's services extend beyond just providing housing, as it strives to create a supportive and nurturing community for its residents.
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Impact
July, 2024
Telacu Senior Manor - Los Angeles provides housing for low-income elderly residents in the city of Los Angeles. By offering affordable housing options, this organization contributes to addressing the housing needs of a vulnerable population, ensuring that older adults have a safe and comfortable place to live. Additionally, by receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Senior Manor - Los Angeles plays a crucial role in supporting the well-being and quality of life of low-income seniors in the community.
This information is meant to be a general summary of Telacu Senior Manor - Los Angeles. 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: $492
- Program Service Revenue: $153,204
- Gross Receipts: $957,071
Assets and Liabilities:
- Total Assets: $2,247,578
- Total Liabilities: $4,049,403
- Net Assets: -$1,801,825
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$153,204
Organization Details
Founding Year
1988
Phone
(323) 721-1655Principal Officer
Michael Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L21Z - Housing
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