Overview
What is Mission Plaza Tenants Association?
Mission Plaza Tenants Association is a nonprofit organization based in Los Angeles, California, specifically at 2250 Parkside Ave, CA 90031. Their primary mission is to promote the general welfare and economic development of low-income families residing at Mission Plaza and the surrounding community. They strive to empower and improve the quality of life of these families by ensuring that Mission Plaza is maintained as decent, safe, and affordable housing for low-income families. In addition, the association serves as the managing general partner of the limited partnership that owns Mission Plaza, fulfilling all the responsibilities associated with this role. The organization operated a 132-unit apartment complex, which was sold to Mission Family Apartments, LP, in March 2012, subject to U.S. Department of HUD regulations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Mission Plaza Tenants Association has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. While the organization excels in some governance aspects, such as having a fully independent board and proper documentation of board meeting minutes, its financial metrics raise red flags.
The organization has a high liabilities to assets ratio at 84.29%, which suggests financial instability and may impact its ability to sustain its programs. Additionally, the program expense ratio stands at only 52.57%, indicating that less than half of its spending goes directly to program services, which is below acceptable standards for effective nonprofit operation.
Overall, while the Mission Plaza Tenants Association demonstrates strong governance practices, its financial management shortcomings are concerning and may hinder its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mission Plaza Tenants Association legitimate?
Mission Plaza Tenants Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Plaza Tenants Association 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mission Plaza Tenants Association?
The Mission Plaza Tenants Association aims to enhance the general welfare and foster economic development within a community, primarily focusing on low-income families. Their mission is to empower and improve the quality of life for these families by ensuring that Mission Plaza, a housing complex, remains decent, safe, and affordable. Additionally, the association serves as the managing general partner of the limited partnership that owns Mission Plaza, fulfilling all respective responsibilities in this role.
What is the revenue of Mission Plaza Tenants Association?
Mission Plaza Tenants Association's revenue in 2023 was $195,989.
Who are the executives of Mission Plaza Tenants Association and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Mission Plaza Tenants Association?
Mission Plaza Tenants Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mission Plaza Tenants Association
The Mission Plaza Tenants Association, in its mission, aims to enhance the general welfare and promote economic development within the community of low-income families residing at Mission Plaza and its vicinity. This nonprofit organization seeks to empower and improve the quality of life for these families by taking on two primary responsibilities. Firstly, it ensures that Mission Plaza is maintained as a decent, safe, and affordable housing facility for these families. Secondly, acting as the managing general partner of the limited partnership that owns Mission Plaza, the Association fulfills all its duties and responsibilities within this capacity. By undertaking these roles, the Mission Plaza Tenants Association strives to uplift the living standards and provide a secure environment for low-income families within its purview.
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Impact
October, 2024
The Mission Plaza Tenants Association (MPTA) plays a crucial role in enhancing the welfare and economic development of low-income families living at Mission Plaza and in the surrounding community. By focusing on the empowerment and improvement of quality of life, MPTA ensures that Mission Plaza is maintained as a safe, decent, and affordable housing option.
MPTA serves as the managing general partner of the limited partnership that owns the apartment complex, allowing them to fulfill responsibilities that directly impact the residents. By advocating for their needs and working to maintain the high standards of housing, MPTA contributes significantly to the stability and wellbeing of the low-income families that depend on this essential resource.
Through these efforts, MPTA not only provides housing but also fosters an environment where families can thrive, mitigating challenges faced by low-income residents and promoting a sense of community. The proactive management and advocacy work by MPTA create ripple effects in the local economy, enhancing overall quality of life for families in the Mission Plaza area.
This information is meant to be a general summary of Mission Plaza Tenants Association. 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: $4
- Gross Receipts: $195,989
Assets and Liabilities:
- Total Assets: $4,099,924
- Total Liabilities: $3,456,157
- Net Assets: $643,767
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Organization Details
Founding Year
1982
Principal Officer
Maria Cuevas
NTEE Category
Code: Z99Z - Unknown
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