Overview
What is Foster Avenue Apartment Corporation Co Caring Housing Ministries?
Foster Avenue Apartment Corporation Co, operating under Caring Housing Ministries, is a nonprofit organization situated in Glendale, California. Their primary mission, as outlined in the Low Income Housing and Preservation and Resident Home-Ownership Act of 1990 (LIHPRHA), is to offer affordable housing solutions for families categorized as low-income. This mission is accomplished through their dedicated activities, which aim to ensure that these families can secure suitable living accommodations within their means.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating. This high score indicates that Foster Avenue Apartment Corporation Co Caring Housing Ministries demonstrates strong accountability and financial health, essential qualities for a nonprofit organization. The rating reflects a commitment to transparency and effective management practices, which are crucial for fostering donor trust and support.
The organization excels in various areas, including having a 100% independent board, strong financial oversight, and no material diversion of assets. It also maintains a clear conflict of interest policy and comprehensive document retention practices, which contribute to its solid governance framework. With a program expense ratio of 100%, the charity allocates all its resources towards its mission, ensuring that funds are used effectively to impact the community.
While the data overwhelmingly highlights the organization's strengths, there are no specific limitations noted in the feedback. This suggests a well-managed nonprofit that prioritizes its accountability and financial integrity, making it a reliable choice for donors looking to support impactful housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Foster Avenue Apartment Corporation Co Caring Housing Ministries legitimate?
Foster Avenue Apartment Corporation Co Caring Housing Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foster Avenue Apartment Corporation 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Foster Avenue Apartment Corporation Co Caring Housing Ministries?
Foster Avenue Apartment Corporation Co, under the umbrella of Caring Housing Ministries, is committed to a mission of providing affordable housing options for families with limited income. This organization operates within the framework of the Low Income Housing and Preservation and Resident Home-Ownership Act of 1990 (LIHPRHA). The primary goal of Foster Avenue Apartment Corporation Co is to ensure that families in need have access to safe and affordable living spaces, thereby contributing to their overall well-being and stability. The organization's mission is to make a significant difference in the lives of these families by offering them housing solutions that are both affordable and sustainable.
What is the revenue of Foster Avenue Apartment Corporation Co Caring Housing Ministries?
Foster Avenue Apartment Corporation Co Caring Housing Ministries's revenue in 2024 was $533,885.
Who are the executives of Foster Avenue Apartment Corporation Co Caring Housing Ministries and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Foster Avenue Apartment Corporation Co Caring Housing Ministries?
Foster Avenue Apartment Corporation Co Caring Housing Ministries's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Foster Avenue Apartment Corporation Co Caring Housing Ministries
Foster Avenue Apartment Corporation Co Caring Housing Ministries, as the name suggests, is committed to a mission that prioritizes providing affordable housing for families with low income. Under the Low Income Housing and Preservation and Resident Home-Ownership Act of 1990 (LIHPRHA), this nonprofit organization extends its support to families in need, ensuring they have access to suitable living quarters. By offering affordable housing, Foster Avenue Apartment Corporation Co Caring Housing Ministries contributes significantly to the well-being of its community, enabling families to focus on their daily lives and future aspirations without the financial burden of exorbitant housing costs.
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Impact
July, 2024
Foster Avenue Apartment Corporation Co Caring Housing Ministries has a significant impact on low-income families in Glendale, California by providing affordable housing opportunities. Their mission to offer low-income housing aligns with the goals of the Low Income Housing and Preservation and Resident Home-Ownership Act of 1990 (LIHPRHA), ensuring that families have access to safe and stable housing options. By offering affordable alternatives, Foster Avenue Apartment Corporation Co Caring Housing Ministries plays a crucial role in addressing homelessness and housing insecurity in the community.
This information is meant to be a general summary of Foster Avenue Apartment Corporation 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 2024.
- Investment Income: $30,395
- Program Service Revenue: $487,921
- Gross Receipts: $533,885
Assets and Liabilities:
- Total Assets: $1,788,791
- Total Liabilities: $87,827
- Net Assets: $1,700,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental
Revenue
$487,921
Organization Details
Founding Year
1996
Principal Officer
Margol Kennison
NTEE Category
Code: Z99 - Unknown
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