Overview
What is South Bay Retirement Residence Co Caring Housing Ministries?
South Bay Retirement Residence Co Caring Housing Ministries is a nonprofit organization situated in Glendale, California. Their primary focus is on providing affordable housing for the elderly and handicapped individuals, supported by the U.S. Department of Housing and Urban Development (HUD) through the Section 202 program and Project Rental Assistance Contract (PRAC). The organization offers specialized services tailored to meet the physical, social, and psychological needs of its residents, contributing to their overall health, security, and happiness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 67%)
South Bay Retirement Residence Co Caring Housing Ministries has received a Two-Star rating, indicating that while the organization demonstrates some strengths in areas such as board independence and financial oversight, there are significant concerns that need to be addressed. The nonprofit achieved a perfect score in program expense ratio, suggesting that all expenditures are directed towards its mission. However, its overall accountability and finance score of 67% reveals areas for improvement, particularly in governance policies.
The organization has a completely independent board, which is a positive aspect, showing a commitment to effective governance. Additionally, there are no reported material diversions of assets, and the financial statements are well-audited and overseen. Despite these strengths, the lack of essential governance policies, including a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, raises concerns about the organization's readiness to handle conflicts and ensure accountability.
Furthermore, the liabilities to assets ratio is notably high at 202.38%, indicating potential financial risk. The absence of critical documents, such as the tax form on the nonprofit's website, suggests a need for greater transparency. Addressing these issues could enhance the organization's credibility and overall effectiveness in delivering its services.
This AI summary has been generated from information found on Charity Navigator.
Is South Bay Retirement Residence Co Caring Housing Ministries legitimate?
South Bay Retirement Residence Co Caring Housing Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Bay Retirement Residence Co Caring Housing Ministries 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.
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What is the mission statement of South Bay Retirement Residence Co Caring Housing Ministries?
South Bay Retirement Residence Co Caring Housing Ministries is committed to providing low-income housing and necessary facilities for elderly and handicapped individuals. They aim to cater to the physical, social, and psychological needs of these individuals, contributing to their health, security, and overall happiness. The organization receives a substantial portion of its rental income from the U.S. Department of Housing and Urban Development (HUD) under Section 202 and Project Rental Assistance Contract (PRAC).
Who is the CEO of South Bay Retirement Residence Co Caring Housing Ministries?
Cheri L Blair is the President of South Bay Retirement Residence Co Caring Housing Ministries.
What is the revenue of South Bay Retirement Residence Co Caring Housing Ministries?
South Bay Retirement Residence Co Caring Housing Ministries's revenue in 2022 was $794,228.
Who are the executives of South Bay Retirement Residence Co Caring Housing Ministries and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for South Bay Retirement Residence Co Caring Housing Ministries?
South Bay Retirement Residence Co Caring Housing Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Bay Retirement Residence Co Caring Housing Ministries
South Bay Retirement Residence Co Caring Housing Ministries is dedicated to serving the elderly and handicapped community by offering affordable housing and essential facilities. Recognizing the unique needs of this demographic, the organization provides specialized services designed to cater to their physical, social, and psychological well-being. These services contribute significantly to enhancing their health, security, and overall happiness. Notably, a substantial portion of the residence's rental income is sourced from the U.S. Department of Housing and Urban Development (HUD) under sections 202 and Project Rental Assistance Contract (PRAC). This partnership ensures that the organization can continue to provide high-quality care and accommodation to its residents.
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Impact
July, 2024
South Bay Retirement Residence Co Caring Housing Ministries provides essential low-income housing and related facilities to elderly and handicapped individuals in need. Through their mission to meet the physical, social, and psychological needs of the elderly, this organization significantly contributes to the health, security, and happiness of its residents. By receiving substantial rental revenue from HUD under Section 202 and Project Rental Assistance Contract (PRAC), they ensure that vulnerable populations have access to quality housing and supportive services. This impact is vital in fostering a sense of community and well-being among the elderly and handicapped individuals they serve.
This information is meant to be a general summary of South Bay Retirement Residence Co Caring Housing Ministries. 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: $4,319
- Program Service Revenue: $789,909
- Gross Receipts: $794,228
Assets and Liabilities:
- Total Assets: $3,102,626
- Total Liabilities: $6,069,504
- Net Assets: -$2,966,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$487,666
Rents - tenants
Revenue
$302,243
Organization Details
Founding Year
1991
Phone
(818) 254-1414Principal Officer
Cheri L Blair
Main Address
800 N BRAND BLVD FLOOR 19, GLENDALE, CA, 91203
NTEE Category
Code: L210 - Housing
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