Overview
What is A Community Of Friends?
A Community of Friends (ACOF) is a California-based affordable housing developer dedicated to providing permanent supportive housing for formerly homeless individuals and families dealing with mental illness. After developing the housing units, ACOF manages the properties, ensuring supportive services are accessible to tenants. Approximately half of the buildings in ACOF's portfolio receive direct services, while community-based social service agencies offer assistance in the remaining buildings. In summary, A Community of Friends is an affordable housing organization committed to creating homes and offering essential services for individuals and families battling mental illness.
Official website here: www.acof.org
What are the reviews and ratings of this charity?
85% rating from Charity Navigator indicates a Three-Star out of Four Star rating for A Community Of Friends. This score reflects strong performance in Accountability & Finance, showcasing a commitment to transparency and good governance with 100% of board members being independent and robust financial oversight practices in place.
The organization demonstrates effective financial management, with a program expense ratio of 87.42%, indicating that a significant majority of funds are directed towards its programs rather than administrative costs. This is a positive sign for donors looking for impactful use of their contributions. The presence of comprehensive policies, including conflict of interest and whistleblower protections, further enhances its accountability.
However, the Culture & Community score is slightly lower at 81%, suggesting that there may be areas for improvement in engagement and community involvement. While the financial health of the organization is strong, enhancing the cultural and community aspects could further bolster its overall effectiveness and reputation among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is A Community Of Friends legitimate?
A Community Of Friends is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Community Of Friends 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: $573,876
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,281,781
For more financial information, click here
Official website here: www.acof.org
What is the mission statement of A Community Of Friends?
A Community of Friends (ACOF) is a specialized affordable housing developer dedicate to creating permanent supportive housing for formerly homeless individuals and families grappling with mental illness. After developing properties, ACOF manages the housing and guarantees the provision of supportive services to tenants. Approximately half of the buildings in ACOF's portfolio receive these services directly from the organization, while the remaining buildings partner with community-based social service agencies to offer assistance. The mission of A Community of Friends is to provide quality, sustainable housing along with essential supportive services, empowering people with mental illness to live independently and thrive.
Official website here: www.acof.org
Who is the CEO of A Community Of Friends?
Dora Leong Gallo is the President/Chief Executive of A Community Of Friends. The CEO's salary of A Community Of Friends is $218,098 and their total compensation is $241,742.
Official website here: www.acof.org
What is the revenue of A Community Of Friends?
A Community Of Friends's revenue in 2022 was $19,454,068.
Official website here: www.acof.org
Who are the executives of A Community Of Friends and what are their salaries?
The average compensation at A Community Of Friends during 2022 was $49,047. There are 99 employees and 15 volunteers at A Community Of Friends.
Here are 23 key members and their salaries (A Community Of Friends's CEO's salary is $218,098 and their total compensation is $241,742):
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- Compensation: $218,098
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- Other: $23,644
- Compensation: $157,578
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- Other: $22,178
- Compensation: $137,049
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- Other: $15,329
- Compensation: $119,303
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- Compensation: $114,521
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- Compensation: $140,073
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- Other: $15,727
- Compensation: $104,193
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- Other: $14,254
- Compensation: $122,805
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- Other: $11,816
Official website here: www.acof.org
Where can I find the form 990 for A Community Of Friends?
A Community Of Friends's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acof.org
Learn more at the official website: www.acof.org
Mission Statement of A Community Of Friends
A Community Of Friends (ACOF) is a dedicated affordable housing developer, focusing on the creation of permanent supportive housing for individuals and families overcoming mental illness and homelessness. Once buildings are developed, ACOF assumes operation and ensures the delivery of critical supportive services to tenants. The organization extends its support to roughly half of the properties within its extensive portfolio, while partnering with local community-based social service agencies to offer services in the remaining buildings.
In essence, A Community Of Friends serves as a beacon of hope for formerly homeless men and women grappling with mental health challenges. By providing them with a stable and supportive housing environment, ACOF empowers them to rebuild their lives and reclaim their dignity. Each resident receives the necessary care and resources, enabling them to overcome the barriers that once kept them from thriving.
Moreover, ACOF's commitment to supportive services goes beyond its direct involvement. By collaborating with community partners, the organization extends its reach and expands the scope of assistance offered to its tenants. This collaborative approach ensures that residents receive comprehensive care tailored to their unique needs, maximizing their chances for long-term success and independence. ACOF's mission reflects a deep understanding of the complex challenges faced by those dealing with mental illness and homelessness, and its unwavering dedication to providing them with the resources and support needed to overcome these hurdles and build a brighter future.
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Impact
October, 2024
A Community of Friends has a significant impact on the lives of individuals and families facing homelessness and mental illness in Los Angeles. By providing quality permanent supportive housing, the organization creates stable living environments for those who are often marginalized. With 18 affordable housing properties under its management, ACOF not only addresses the immediate need for shelter but also fosters long-term well-being by ensuring that residents have access to essential supportive services.
This initiative not only helps individuals achieve housing stability but also contributes to the overall health of the larger community. By partnering with community-based social service agencies, ACOF ensures that residents receive the necessary resources—such as mental health support, job training, and life skills education—that empower them to rebuild their lives.
The mission of ACOF is particularly impactful as it targets formerly homeless individuals and families, recognizing the unique challenges they face. By specializing in this area, ACOF plays a critical role in reducing homelessness and improving mental health outcomes, ultimately contributing to safer and more vibrant communities in Los Angeles.
This information is meant to be a general summary of A Community Of Friends. 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: $53,218
- Program Service Revenue: $13,059,120
- Gross Receipts: $19,454,068
Assets and Liabilities:
- Total Assets: $60,441,352
- Total Liabilities: $56,288,660
- Net Assets: $4,152,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL REVENUE
Revenue
$6,481,388
DEVELOPER FEES
Revenue
$5,398,210
PARTNERSHIP & PROPERTY MGMT FEES
Revenue
$979,274
ADMINISTRATIVE FEES
Revenue
$122,940
OTHER PROGRAM SERVICES
Revenue
$77,308
Organization Details
Founding Year
1988
Phone
(213) 480-0809Principal Officer
Dora Leong Gallo
Main Address
3701 WILSHIRE BLVD 700, LOS ANGELES, CA, 90010
Website
www.acof.orgNTEE Category
Code: L200 - Housing
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