Overview
What is Canopy Communities Corporation?
Canopy Communities Corporation is a nonprofit organization committed to expanding the accessibility of affordable housing for low and very low-income individuals and families. Based in California and Florida, the corporation holds general partnership interests in Decro Long Beach, L.P. and Waterside Apartments, L.T., which manage numerous affordable housing projects in Long Beach, California, and Cutler Bay, Florida, respectively. Their mission is to provide safe, quality, and decent housing options at reasonable rents, thereby contributing to the betterment of underserved communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Canopy Communities Corporation has achieved an impressive Four-Star rating from Charity Navigator, with a score of 94%. This rating reflects the organization’s strong commitment to accountability and finance, which is crucial for instilling trust among donors and stakeholders. The charity’s score is derived entirely from its accountability and finance metrics, highlighting its focus on maintaining high standards in these areas.
The nonprofit excels in various aspects of governance and financial management. It boasts a fully independent board, receiving top marks for board composition and size. Furthermore, the organization has established solid financial practices, including a robust audit and oversight committee, and has no reported instances of material diversion of assets. These factors contribute to a high program expense ratio of 92.41%, indicating that a significant portion of its funds is allocated directly to its programs.
While the data reflects strong performance in accountability and financial management, it is essential for potential donors to consider other aspects such as program impact and community feedback, which may not be captured in the rating. Overall, Canopy Communities Corporation demonstrates a strong financial foundation and governance framework, fostering confidence among its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Canopy Communities Corporation legitimate?
Canopy Communities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canopy Communities Corporation 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
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What is the mission statement of Canopy Communities Corporation?
Canopy Communities Corporation is committed to expanding the accessibility of affordable housing for individuals and families with low and very low incomes. They achieve this goal by providing safe, high-quality, and decent housing options at affordable rents. The organization demonstrates this mission through its ownership of partnership interests in several affordable housing projects, such as Decro Long Beach, L.P., located in California, and Waterside Apartments, L.D., located in Cutler Bay, Florida. These projects cater to the housing needs of low and very low-income individuals and families.
Who is the CEO of Canopy Communities Corporation?
Candace Leasure is the Treasurer of Canopy Communities Corporation.
What is the revenue of Canopy Communities Corporation?
Canopy Communities Corporation's revenue in 2022 was $510,553.
Who are the executives of Canopy Communities Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Canopy Communities Corporation?
Canopy Communities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canopy Communities Corporation
Canopy Communities Corporation, as a nonprofit organization, is dedicated to expanding the accessibility of affordable housing for individuals and families with low and very low incomes. Their mission is to provide safe, quality, and decent housing at affordable rents. By doing so, Canopy Communities Corporation aims to make a significant impact on the lives of those in need, ensuring they have a secure and comfortable living environment.
To accomplish this, Canopy Communities Corporation holds a general partnership interest in two entities: DECRO Long Beach, L.P. and Waterside Apartments, L.Td. DECRO Long Beach, L.P. is a California Limited Partnership, responsible for owning numerous affordable housing projects in Long Beach, California, specifically designed for low and very low-income individuals and families. On the other hand, Waterside Apartments, L.Td. is a Florida Limited Partnership, managing an affordable housing project in Cutler Bay, Florida, catering to the same demographic.
In essence, Canopy Communities Corporation's mission is to bridge the gap in affordable housing availability for those with limited financial resources, providing them with safe and decent living quarters at affordable rents, thereby contributing positively to their overall well-being.
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Impact
July, 2024
Canopy Communities Corporation's impact is significant in expanding the availability of affordable housing for low and very low-income individuals and families. By owning interests in affordable housing projects in California and Florida, Canopy Communities Corporation provides safe, quality, and decent housing at affordable rents for those in need. Through its mission, the organization contributes to addressing the housing challenges faced by vulnerable populations, ultimately making a positive difference in the lives of many individuals and families.
This information is meant to be a general summary of Canopy Communities Corporation. 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: $15,209
- Program Service Revenue: $495,344
- Gross Receipts: $510,553
Assets and Liabilities:
- Total Assets: $3,134,951
- Total Liabilities: $25,705
- Net Assets: $3,109,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENERAL PARTNER ADMINI
Revenue
$477,326
PARTNERSHIP MANAGEMENT
Revenue
$18,000
PARTNERSHIP PASS-THROU
Revenue
$18
Organization Details
Founding Year
1995
Phone
(714) 974-5509Principal Officer
Candace Leasure
Main Address
5753-G E SANTA ANA CANYON RD 199, ANAHEIM HILLS, CA, 92807
NTEE Category
Code: T99 - Philanthropy
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