Overview
What is Millennium Housing Of California Inc?
Millennium Housing of California Inc is a California-based non-profit organization specializing in the ownership and operation of mobile home communities. They are dedicated to providing affordable housing solutions for individuals with low to moderate income, thereby easing the burden on local governments and preventing community blight. Their mission is to preserve the affordability of mobile home communities, ensuring a viable living option for countless Californians.
Official website here: www.millenniumhousing.net
What are the reviews and ratings of this charity?
Charity Navigator rating: 85% (Three-Star out of Four Star rating)
Millennium Housing of California Inc. has earned an 85% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This score is purely derived from their accountability and finance metrics, which indicate that the organization practices a high level of transparency and responsible financial management. The organization boasts a perfect score for having a majority independent board, demonstrating a governance structure that prioritizes impartial oversight.
The nonprofit excels in several key areas, such as having comprehensive financial statements and policies in place that address conflicts of interest and whistleblower protections. Additionally, with a program expense ratio of 97.78%, the organization allocates a significant portion of its funds directly to its programs, which enhances its mission effectiveness.
However, while the financial oversight appears robust, some users may note the high salaries of key personnel, which could raise questions about compensation relative to the organization's overall mission and service delivery. Nonetheless, the organization’s strong financial practices and independence suggest a well-managed nonprofit dedicated to its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Millennium Housing Of California Inc legitimate?
Millennium Housing Of California Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millennium Housing Of California Inc 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: $332,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $838,898
For more financial information, click here
Official website here: www.millenniumhousing.net
What is the mission statement of Millennium Housing Of California Inc?
Millennium Housing of California is a non-profit organization dedicated to providing affordable housing to individuals with low and moderate income. By operating mobile home communities throughout California, Millennium Housing helps alleviate the burden on local governments, combats community blight, and reduces the need for social welfare. Their mission lies in preserving the affordable lifestyle of mobile home communities. Millennium Housing specializes in maintaining these communities, ensuring affordable housing remains accessible to those in need. Their commitment extends to preserving the affordability and security of these housing options for residents.
Official website here: www.millenniumhousing.net
Who is the CEO of Millennium Housing Of California Inc?
George R Turk Jr is the Director of Millennium Housing Of California Inc.
Official website here: www.millenniumhousing.net
What is the revenue of Millennium Housing Of California Inc?
Millennium Housing Of California Inc's revenue in 2023 was $16,448,669.
Official website here: www.millenniumhousing.net
Who are the executives of Millennium Housing Of California Inc and what are their salaries?
The average compensation at Millennium Housing Of California Inc during 2023 was $585,781. There are 2 employees and 4 volunteers at Millennium Housing Of California Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $243,878
- Related: $770,181
- Other: $97,315
- Compensation: $88,786
- Related: $266,357
- Other: $43,409
Official website here: www.millenniumhousing.net
Where can I find the form 990 for Millennium Housing Of California Inc?
Millennium Housing Of California Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.millenniumhousing.net
Learn more at the official website: www.millenniumhousing.net
Mission Statement of Millennium Housing Of California Inc
Millennium Housing of California, a renowned non-profit organization, is dedicated to providing affordable housing solutions for low and moderate income individuals. Through the ownership and operation of mobile home communities across California, the organization aims to preserve the affordable lifestyle these communities offer.
Millennium Housing's mission is twofold. First, it reduces the burdens on local governments by providing an alternative to costly public housing and combating community blight. Second, it empowers individuals to live independently while providing them with a stable housing environment.
The organization's expertise lies in the preservation of mobile home communities, ensuring these affordable housing options remain accessible to those in need. Millennium Housing's commitment to this cause not only benefits the residents but also contributes to the well-being of the communities they serve. By preserving these communities, the organization plays a vital role in maintaining affordable housing options and fostering social welfare.
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Impact
October, 2024
Millennium Housing of California Inc. plays a vital role in addressing the affordable housing crisis by providing low and moderate-income individuals with access to affordable living options. By focusing on mobile home communities, the organization helps preserve these essential housing options, which often serve as a critical lifeline for families and individuals seeking stability and security in their living situations.
Their efforts significantly reduce the burden on local government resources by alleviating some demand for public housing assistance and other social services. Additionally, by maintaining and enhancing mobile home communities, Millennium Housing actively combats community blight, fostering healthier and more vibrant neighborhoods. Their commitment to affordable housing not only supports social welfare but also contributes to the overall wellbeing of the communities they serve, ensuring that all individuals have the opportunity to live in safe and stable environments.
This information is meant to be a general summary of Millennium Housing Of California Inc. 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 2023.
- Investment Income: $666,828
- Program Service Revenue: $15,781,841
- Gross Receipts: $16,475,839
Assets and Liabilities:
- Total Assets: $117,529,700
- Total Liabilities: $101,603,901
- Net Assets: $15,925,799
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENT
Revenue
$15,781,841
Organization Details
Founding Year
1991
Phone
(949) 515-5100Principal Officer
George R Turk Jr
Main Address
611 ANTON BLVD STE 890, COSTA MESA, CA, 92626
Website
www.millenniumhousing.netNTEE Category
Code: L200 - Housing
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