Overview
What is Telacu Housing-Commerce Ii Inc?
Telacu Housing-Commerce II Inc. is a California-based, nonprofit corporation committed to providing housing for individuals with disabilities. Established under the state's not-for-profit statutes, its primary objective is to manage a 24-unit community named Telacu Gardens located in Commerce, California. This community serves as a vital shelter for those with disabilities, ensuring they have a suitable living environment. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development through Section 811 of the National Housing Act, which helps maintain and support this housing initiative.
Is Telacu Housing-Commerce Ii Inc legitimate?
Telacu Housing-Commerce Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing-Commerce Ii 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 Telacu Housing-Commerce Ii Inc?
Telacu Housing-Commerce II Inc. is a non-profit organization, established under the state of California's not-for-profit statutes. Its primary purpose is to manage a residential community, named Telacu Gardens, which provides housing for individuals with disabilities. The corporation receives financial assistance for this endeavor from the U.S. Department of Housing and Urban Development, under Section 811 of the National Housing Act. The mission of Telacu Housing-Commerce II Inc. is to provide a safe and accessible living space for individuals with disabilities, thereby enhancing their quality of life. The organization's operations are geared towards ensuring that these individuals have a secure and comfortable living environment, thereby promoting their overall well-being.
Who is the CEO of Telacu Housing-Commerce Ii Inc?
Michael Lizarraga is the Principal Officer of Telacu Housing-Commerce Ii Inc.
What is the revenue of Telacu Housing-Commerce Ii Inc?
Telacu Housing-Commerce Ii Inc's revenue in 2022 was $330,265.
Who are the executives of Telacu Housing-Commerce Ii Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,889,036
- Other: $34,761
- Compensation: $0
- Related: $249,667
- Other: $15,864
- Compensation: $0
- Related: $955,911
- Other: $32,937
- Compensation: $0
- Related: $25,640
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $36,000
- Other: $0
Where can I find the form 990 for Telacu Housing-Commerce Ii Inc?
Telacu Housing-Commerce Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Housing-Commerce Ii Inc
Telacu Housing-Commerce II Inc, a not-for-profit corporation, was established with the goal of providing housing for individuals with disabilities. Formed under the not-for-profit statutes of California, this organization operates a 24-unit community named Telacu Gardens. Situated in Commerce, California, this community serves as a sanctuary for people with disabilities, offering them a safe and supportive living environment.
Funding for this initiative comes from the U.S. Department of Housing and Urban Development, granted under Section 811 of the National Housing Act, which has been amended. The organization receives housing assistance payments, enabling it to maintain the quality of life and services provided to its residents. Telacu Housing-Commerce II Inc's mission is centered around ensuring that individuals with disabilities have access to comfortable and secure housing, thereby contributing to their overall well-being and independence.
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Impact
October, 2024
Telacu Housing-Commerce II Inc significantly impacts the community by providing essential housing for individuals with disabilities through its operation of Telacu Gardens, a 24-unit community in Commerce, California. This initiative addresses a critical need for accessible living arrangements, ensuring that individuals who are handicapped have a safe and supportive environment in which to live.
By receiving housing assistance payments from the U.S. Department of Housing and Urban Development, the organization can maintain affordable living options for its residents, promoting stability and independence. The presence of such specialized housing not only improves the quality of life for its occupants but also fosters inclusivity in the community, allowing residents to engage with their surroundings and participate more fully in social and economic activities.
Overall, Telacu Housing-Commerce II Inc plays a pivotal role in enhancing the well-being of a vulnerable population, contributing to both individual empowerment and broader community cohesion.
This information is meant to be a general summary of Telacu Housing-Commerce Ii 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 2022.
- Investment Income: $387
- Program Service Revenue: $91,558
- Gross Receipts: $330,265
Assets and Liabilities:
- Total Assets: $825,225
- Total Liabilities: $2,138,608
- Net Assets: -$1,313,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$91,558
Organization Details
Founding Year
1993
Phone
(323) 721-1655Principal Officer
Michael Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L22 - Housing
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