Overview
What is Telacu Housing-Pacoima Inc?
Telacu Housing-Pacoima Inc is a California-based, not-for-profit organization, established with the intention of providing housing for low-income elderly individuals. The organization operates Telacu Las Flores, a 75-unit community situated in Pacoima, California. Its primary mission is to cater to the housing needs of this specific demographic by receiving support from the U.S. Department of Housing and Urban Development, as per Section 202 of the National Housing Act. Telacu Housing-Pacoima Inc plays a vital role in ensuring affordable and secure housing for its target population, thereby contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (64%)
Telacu Housing-Pacoima Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a moderate level of accountability and financial management. The overall score of 64% is derived solely from the Accountability & Finance beacon, where it scored particularly well in areas such as program expense ratio and oversight committee audits. These strengths suggest a solid foundation in managing program funds effectively.
However, the organization faces significant challenges as evidenced by a lack of independent board members and low scores in governance-related metrics. Specifically, it earned no points for having independent board members and its website does not display required tax documents, which raises concerns about transparency. Despite good practices in whistleblower and conflict of interest policies, these governance issues may impact stakeholder confidence.
In summary, while Telacu Housing-Pacoima Inc demonstrates proficiency in certain financial practices, its governance structure leaves much to be desired. Potential donors and partners may want to consider these factors when evaluating their support or collaboration with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Telacu Housing-Pacoima Inc legitimate?
Telacu Housing-Pacoima Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing-Pacoima 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Telacu Housing-Pacoima Inc?
Telacu Housing-Pacoima Inc, a California-based not-for-profit corporation, was established with the primary objective of providing housing for elderly individuals with low income. They operate a 75-unit community known as Telacu Las Flores, located in Pacoima, California. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, enabling them to continue their mission. Their purpose is to offer suitable living spaces for this specific demographic, thereby contributing to their well-being and overall quality of life.
Who is the CEO of Telacu Housing-Pacoima Inc?
Michael Lizarraga is the Principal Officer of Telacu Housing-Pacoima Inc.
What is the revenue of Telacu Housing-Pacoima Inc?
Telacu Housing-Pacoima Inc's revenue in 2022 was $788,117.
Who are the executives of Telacu Housing-Pacoima Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,889,036
- Other: $34,761
- Compensation: $0
- Related: $249,667
- Other: $15,864
- Compensation: $0
- Related: $955,911
- Other: $32,937
- Compensation: $0
- Related: $25,640
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $36,000
- Other: $0
Where can I find the form 990 for Telacu Housing-Pacoima Inc?
Telacu Housing-Pacoima Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Telacu Housing-Pacoima Inc
Telacu Housing-Pacoima Inc, a not-for-profit corporation, was established with the purpose of providing a safe living space for elderly individuals with low incomes. Located in an undisclosed city in California, the organization operates a 75-unit community known as Telacu Las Flores. This community is specifically designed to cater to the housing needs of elderly individuals, offering them a secure environment. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which is amended. This funding enables Telacu Housing-Pacoima Inc to fulfill its mission of offering affordable housing to its elderly residents.
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Impact
July, 2024
Telacu Housing-Pacoima Inc's impact can be seen in the provision of housing for very low-income elderly persons in the city of Pacoima, California. Through its operation of a 75-unit community called Telacu Las Flores, this organization offers a vital resource for a vulnerable and often overlooked demographic. By receiving housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Housing-Pacoima Inc plays a crucial role in ensuring that elderly individuals have a safe and affordable place to call home. This support not only meets a basic need for housing but also contributes to the overall well-being and quality of life for these individuals.
This information is meant to be a general summary of Telacu Housing-Pacoima 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: $837
- Program Service Revenue: $252,420
- Gross Receipts: $788,117
Assets and Liabilities:
- Total Assets: $3,169,941
- Total Liabilities: $6,989,979
- Net Assets: -$3,820,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$252,420
Organization Details
Founding Year
1995
Phone
(323) 721-1655Principal Officer
Michael Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L21 - Housing
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