Overview
What is Golden Years Senior Apartments Inc?
Golden Years Senior Apartments Inc is a California-based nonprofit corporation, established under the state's not-for-profit statutes. Its primary objective is to provide safe and adequate housing for low-income elderly individuals in North Hollywood, California. The organization operates under Section 202 of the National Housing Act and is governed by a regulatory agreement with the U.S. Department of Housing and Urban Development (HUD). Through a Project Rental Assistance Contract (PRAC) with HUD, Golden Years Senior Apartments Inc offers subsidized housing to eligible tenants, contributing to their well-being and residential stability.
Is Golden Years Senior Apartments Inc legitimate?
Golden Years Senior Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Years Senior Apartments 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:
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What is the mission statement of Golden Years Senior Apartments Inc?
Golden Years Senior Apartments Inc, a non-profit organization under California's not-for-profit statutes, was established with the objective of providing safe and adequate housing for low-income elderly individuals. Operating under Section 202 of the National Housing Act, the corporation has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development (HUD). Through a Project Rental Assistance Contract (PRAC) with HUD, Golden Years Senior Apartments Inc provides subsidies that enable eligible tenants to reside in this housing facility. The organization's mission is primarily focused on ensuring that vulnerable elderly individuals have access to affordable, secure housing.
Who is the CEO of Golden Years Senior Apartments Inc?
Bruce Bleaman is the Chairman of Golden Years Senior Apartments Inc.
What is the revenue of Golden Years Senior Apartments Inc?
Golden Years Senior Apartments Inc's revenue in 2022 was $989,092.
Who are the executives of Golden Years Senior Apartments Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Golden Years Senior Apartments Inc?
Golden Years Senior Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golden Years Senior Apartments Inc
Golden Years Senior Apartments Inc, a non-profit organization established under California's not-for-profit statutes, was formed with the mission to provide safe and adequate housing for low-income elderly individuals. Operating in accordance with Section 202 of the National Housing Act, this corporation has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development (HUD). Through a Project Rental Assistance Contract (PRAC) with HUD, Golden Years Senior Apartments Inc provides subsidies to eligible tenants, ensuring they can reside in a secure housing facility. The corporation's mission is to make affordable housing available for the elderly, thereby improving their quality of life.
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Impact
October, 2024
Golden Years Senior Apartments Inc significantly impacts the community by providing stable and affordable housing for low-income elderly individuals in North Hollywood, California. With a total of 91 housing units, it caters specifically to a vulnerable demographic that often faces housing insecurity.
Operating under the guidelines of the National Housing Act, the facility ensures that eligible tenants have access to safe and adequate living conditions. Through partnerships with the U.S. Department of Housing and Urban Development (HUD), Golden Years Senior Apartments offers rental assistance, making it feasible for seniors to afford quality housing in an area where costs may otherwise be prohibitive.
This initiative not only enhances the living standards of its residents but also fosters a supportive community environment, allowing seniors to thrive and engage with one another. By focusing on the specific needs of low-income elderly persons, Golden Years Senior Apartments Inc plays a vital role in promoting dignity, security, and quality of life for its residents.
This information is meant to be a general summary of Golden Years Senior Apartments 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: $3,469
- Program Service Revenue: $334,781
- Gross Receipts: $989,092
Assets and Liabilities:
- Total Assets: $5,505,263
- Total Liabilities: $764,039
- Net Assets: $4,741,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$334,781
Organization Details
Founding Year
1994
Phone
(310) 358-3485Principal Officer
Bruce Bleaman
Main Address
1330 OTSEGO STREET, NORTH HOLLYWOOD, CA, 91601
NTEE Category
Code: L22 - Housing
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