Waset Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954354411 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is Waset Inc?

Waset Inc, based in Los Angeles, California, is a nonprofit organization that dedicates its efforts to supporting the development of housing projects for low-income individuals or those with special qualifications. The organization works closely with non-profit organizations, aiding them in the acquisition and construction of affordable housing projects designed for low-income, senior, or disabled communities. In addition, Waset Inc also takes on sponsorship roles for such projects, contributing to the betterment of living conditions for these communities.

Is Waset Inc legitimate?

Waset Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waset 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Waset Inc?

Waset Inc, as an organization, primarily focuses on assisting non-profit entities in the acquisition and development of housing projects catering to low-income, senior, or disabled individuals. In addition to this, the organization also sponsors such projects, contributing financially and providing consultancy services for their development.

What is the revenue of Waset Inc?

Waset Inc's revenue in 2024 was $913,049.

Who are the executives of Waset Inc and what are their salaries?

Here are 8 key members and their salaries:


Ana Ponce (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loretta Gillett (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quaford Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Washington (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Boyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Bob Gay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnathan Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Waset Inc?

Waset Inc's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Waset Inc

Waset Inc, a dedicated organization, plays a vital role in supporting non-profit entities. Its primary mission is to aid these organizations in the acquisition and development of housing projects designed for low-income individuals, seniors, and those with disabilities. Additionally, Waset Inc actively sponsors such projects, demonstrating its commitment to improving living conditions for these groups. By assisting and consulting during the development process, Waset Inc contributes to the creation of suitable housing solutions for qualified individuals in need.

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Impact




October, 2024

Waset Inc plays a vital role in addressing housing challenges faced by low-income, senior, and disabled individuals in Los Angeles. By assisting non-profit organizations in acquiring and developing affordable housing projects, Waset Inc directly contributes to enhancing the quality of life for vulnerable populations. The organization not only supports the creation of necessary housing but also provides crucial consultation services, ensuring that these projects are effectively implemented and tailored to meet the specific needs of the community. Through its initiatives, Waset Inc fosters an inclusive environment where individuals facing housing difficulties can find suitable, supportive living arrangements. This commitment to affordable housing development is essential for promoting social equity and improving overall community health and well-being.




This information is meant to be a general summary of Waset 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.

Revenue
$913,049 (2024)
Expenses
$17,818 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $233,183
  • Program Service Revenue: $679,866
  • Gross Receipts: $913,049

Assets and Liabilities:

  • Total Assets: $3,333,613
  • Total Liabilities: $0
  • Net Assets: $3,333,613

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FREEWAY DEV DISTRIB

Revenue

$479,866

VAN BUREN DISTRIBUTIONS

Revenue

$200,000

Organization Details

Founding Year

1991

Principal Officer

Ana Ponce

NTEE Category

Code: Z99Z - Unknown

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