Overview
What is Telacu Residential Management Inc?
Telacu Residential Management Inc is a distinguished nonprofit organization located in Los Angeles, California. Their primary mission is to manage housing projects for low-income individuals, specifically those who are disabled and elderly. They operate under Section 202 of the National Housing Act and have received certification from the U.S. Department of Housing and Urban Development (HUD) to manage multifamily housing projects. This certification allows them to provide essential housing solutions for vulnerable populations. With a dedicated workforce of 178 individuals, Telacu Residential Management Inc continues its mission to improve living conditions and promote independence for these communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Telacu Residential Management Inc has achieved a score of 79%, which reflects a solid performance in terms of accountability and finance. This rating is important as it indicates a strong commitment to transparency and responsible management of funds, contributing positively to the organization’s credibility and trust among donors and stakeholders.
The organization has excelled particularly well in several key areas, such as financial statements and the absence of material diversion of assets, both of which received top scores. Additionally, it has established effective policies for conflict of interest, whistleblower protections, and document retention, showcasing its dedication to ethical governance practices. The program expense ratio is high at 92.07%, suggesting that a significant portion of funds is directed towards its programs rather than administrative costs.
However, while the overall financial health appears robust, the rating is solely derived from accountability and finance metrics, which may limit a comprehensive understanding of the organization’s operational impact and program effectiveness. Potential donors and stakeholders may wish to seek additional information on the tangible outcomes of its initiatives to fully assess its contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Residential Management Inc legitimate?
Telacu Residential Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Residential Management 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: $267,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,662,310
For more financial information, click here
What is the mission statement of Telacu Residential Management Inc?
Telacu Residential Management Inc's mission is centered around managing projects related to low-income housing for the disabled and elderly, specifically under Section 202 of the National Housing Act. This organization has been certified by the U.S. Department of Housing and Urban Development (HUD) to oversee multifamily housing projects, demonstrating their commitment to providing suitable living conditions for this particular demographic. Their work aims to ensure that these individuals have access to safe and comfortable housing, contributing to their overall well-being.
Who is the CEO of Telacu Residential Management Inc?
Jasmine Borrego is the President/Director of Telacu Residential Management Inc.
What is the revenue of Telacu Residential Management Inc?
Telacu Residential Management Inc's revenue in 2022 was $5,802,034.
Who are the executives of Telacu Residential Management Inc and what are their salaries?
The average compensation at Telacu Residential Management Inc during 2022 was $22,075. There are 178 employees at Telacu Residential Management Inc.
Here are 7 key members and their salaries:
- Compensation: $267,018
- Related: $0
- Other: $6,252
- Compensation: $0
- Related: $955,911
- Other: $32,937
- Compensation: $0
- Related: $1,889,036
- Other: $34,761
- Compensation: $152,055
- Related: $0
- Other: $2,600
- Compensation: $204,625
- Related: $0
- Other: $4,100
- Compensation: $135,439
- Related: $0
- Other: $28,412
- Compensation: $100,392
- Related: $0
- Other: $11,283
Where can I find the form 990 for Telacu Residential Management Inc?
Telacu Residential Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Residential Management Inc
Telacu Residential Management Inc is dedicated to managing housing projects that cater to the needs of low-income elderly and disabled individuals. This mission is in line with Section 202 of the National Housing Act, which the corporation has been certified to administer by the U.S. Department of Housing and Urban Development. The corporation's role involves overseeing multifamily housing projects specifically designed for this vulnerable population, ensuring they receive suitable living conditions. Telacu Residential Management Inc's commitment to this cause is evident in its certification by the U.S. Department of Housing and Urban Development, demonstrating its expertise and dedication to this critical area of service.
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Impact
July, 2024
Telacu Residential Management Inc's impact lies in its crucial role in managing projects related to low-income housing for the disabled and elderly, specifically HUD projects under Section 202 of the National Housing Act. By receiving certification for the management of multifamily housing projects from the U.S. Department of Housing and Urban Development, Telacu Residential Management Inc plays a significant part in providing affordable and accessible housing options for vulnerable populations in Los Angeles, CA, and beyond. The organization's mission to facilitate housing opportunities for those in need ultimately contributes to improving the quality of life and promoting social equity within the community.
This information is meant to be a general summary of Telacu Residential Management 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: $1,202
- Program Service Revenue: $4,314,845
- Gross Receipts: $5,802,034
Assets and Liabilities:
- Total Assets: $3,790,287
- Total Liabilities: $567,389
- Net Assets: $3,222,898
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$4,314,845
Organization Details
Founding Year
1995
Phone
(323) 721-1655Principal Officer
Jasmine Borrego
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 900225187
NTEE Category
Code: L022 - Housing
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