Overview
What is La Gardens Community Association?
La Gardens Community Association is a nonprofit organization situated in Westlake Village, California. Its primary mission is to offer affordable housing solutions to low-income families. The organization's operations are governed by the U.S. Department of Housing and Urban Development (HUD), ensuring that it adheres to HUD's regulations and undergoes HUD's oversight. This commitment to affordable housing is a crucial aspect of the association's activities, contributing positively to the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
La Gardens Community Association has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas despite strong performance in accountability and finance. The organization has a perfect score in accountability, with all board members being independent and no material diversion of assets reported. However, it faces challenges with its independent board size and overall financial health, as highlighted by a concerning liabilities to assets ratio.
The organization has demonstrated good practices by having essential policies in place, such as conflict of interest and whistleblower policies, and it has maintained transparency with its financial statements. Nevertheless, it falls short in terms of document retention practices and the posting of its tax forms on its website, which can impact public trust.
Overall, while La Gardens Community Association shows strength in certain governance aspects and program efficiency, improvements are needed in financial stability and operational transparency to enhance its overall effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is La Gardens Community Association legitimate?
La Gardens Community Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Gardens Community 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,738
For more financial information, click here
What is the mission statement of La Gardens Community Association?
The La Gardens Community Association is dedicated to providing affordable housing solutions for low-income families. This mission is carried out through their operations, which are regulated by the U.S. Department of Housing and Urban Development (HUD) and are subject to HUD's oversight. The association's primary goal is to help families in need find housing within their budget, contributing to a more equitable housing landscape. Their work aims to provide a stable living environment for these families, fostering a sense of community and support.
Who is the CEO of La Gardens Community Association?
Tom Lungin is the President of La Gardens Community Association.
What is the revenue of La Gardens Community Association?
La Gardens Community Association's revenue in 2022 was $1,007,176.
Who are the executives of La Gardens Community Association and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for La Gardens Community Association?
La Gardens Community Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of La Gardens Community Association
La Gardens Community Association, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income families. Their primary mission is to address the housing needs of this vulnerable group, ensuring they have access to comfortable and reasonably priced living spaces. The organization's operations are strictly regulated by the Department of Housing and Urban Development (HUD), and they are subject to HUD's watchful oversight. This regulatory framework ensures that La Gardens Community Association adheres to high standards and meets the specific needs of the families they serve. By providing affordable housing, this organization plays a crucial role in enhancing the living conditions and overall well-being of low-income families.
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Impact
July, 2024
La Gardens Community Association provides affordable housing to low-income families in Westlake Village, California. Their impact can be seen in the tangible difference they make in the lives of individuals and families who struggle to afford housing in an expensive market. By offering affordable housing options, they are helping to address a critical need and improve the quality of life for those who may otherwise struggle to find safe and stable housing. Their work also aligns with HUD regulations, ensuring that their operations meet the necessary standards for providing housing assistance to those in need. Overall, the La Gardens Community Association's impact is significant in providing a vital service to the community and helping to create a more inclusive and supportive environment for low-income families.
This information is meant to be a general summary of La Gardens Community 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 2022.
- Investment Income: $1,185
- Program Service Revenue: $347,446
- Gross Receipts: $1,007,176
Assets and Liabilities:
- Total Assets: $4,577,170
- Total Liabilities: $6,639,244
- Net Assets: -$2,062,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$347,446
Organization Details
Founding Year
1995
Phone
(213) 251-5987Principal Officer
Tom Lungin
Main Address
4530 E THOUSAND OAKS BLVD 100, WESTLAKE VILLAGE, CA, 91362
NTEE Category
Code: L210 - Housing
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