Overview
What is Mid-Wilshire Apartments Housing Corp?
Mid-Wilshire Apartments Housing Corp is a nonprofit organization situated in Los Angeles, California, specifically at 1038 Venice Boulevard. Their primary mission is to offer affordable housing solutions to low-income families within the city. They are committed to this cause, focusing on providing affordable living spaces for individuals who may struggle financially. The organization's activities are centered around this mission, making it an essential resource for the community in ensuring that low-income families can secure suitable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Mid-Wilshire Apartments Housing Corp has received a Three-Star rating from Charity Navigator, reflecting a solid score of 82%. This score is derived entirely from its Accountability & Finance metrics, indicating a strong commitment to financial health and transparency. The charity's fiscal year reporting for 2022 shows that it excels in maintaining a majority independent board and has achieved full marks in various financial accountability measures.
Strengths of the organization include a perfect score for having an entirely independent board and strong financial statements that are fully audited. Additionally, the low liabilities to assets ratio of 28.72% suggests that the organization operates with a healthy balance sheet, and the high program expense ratio of 97.38% demonstrates that a significant portion of its funds are directed towards its mission-related activities.
While the organization scores well on financial accountability, there are no specific details provided on its programmatic impact or outcomes. This lack of information could limit a potential donor's ability to assess the overall effectiveness of the charity's programs and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Wilshire Apartments Housing Corp legitimate?
Mid-Wilshire Apartments Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Wilshire Apartments Housing Corp 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: $61,702
For more financial information, click here
What is the mission statement of Mid-Wilshire Apartments Housing Corp?
Mid-Wilshire Apartments Housing Corp is committed to providing affordable housing solutions for low-income individuals and families. Their mission is centered around making housing accessible for those who may struggle financially. Through their efforts, they aim to contribute positively to the well-being of these families, ensuring they have a place to call home in a dignified manner. The corporation's activities are focused on offering affordable housing options, thereby enhancing the living conditions and stability of the affected families.
Who is the CEO of Mid-Wilshire Apartments Housing Corp?
Gloria Farias is the Executive Director of Mid-Wilshire Apartments Housing Corp. The CEO's salary of Mid-Wilshire Apartments Housing Corp is $0 and their total compensation is $0.
What is the revenue of Mid-Wilshire Apartments Housing Corp?
Mid-Wilshire Apartments Housing Corp's revenue in 2022 was $586,299.
Who are the executives of Mid-Wilshire Apartments Housing Corp and what are their salaries?
Here are 3 key members and their salaries (Mid-Wilshire Apartments Housing Corp's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mid-Wilshire Apartments Housing Corp?
Mid-Wilshire Apartments Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mid-Wilshire Apartments Housing Corp
Mid-Wilshire Apartments Housing Corp is a nonprofit organization committed to providing affordable housing solutions for low-income individuals and families. This mission is centered around the belief that everyone deserves a secure and comfortable living space, regardless of their financial situation. By offering affordable housing, Mid-Wilshire Apartments Housing Corp aims to alleviate the housing burden for those who may otherwise struggle to secure suitable accommodation. Through its work, the organization strives to contribute positively to the well-being and quality of life for these families in need.
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Impact
July, 2024
Mid-Wilshire Apartments Housing Corp's impact is crucial in providing affordable housing to low-income individuals and families in Los Angeles, CA. By offering low-income housing options, this organization helps address the pressing need for accessible and secure housing for disadvantaged individuals and families in the area. Their mission of providing affordable housing plays a key role in supporting the community and improving the quality of life for those in need.
This information is meant to be a general summary of Mid-Wilshire Apartments Housing Corp. 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: $524
- Program Service Revenue: $585,775
- Gross Receipts: $586,299
Assets and Liabilities:
- Total Assets: $2,414,713
- Total Liabilities: $693,660
- Net Assets: $1,721,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent-low inc housing
Revenue
$585,775
Organization Details
Founding Year
1996
Phone
(213) 747-2790Principal Officer
Gloria Farias
Main Address
1038 Venice Boulevard, Los Angeles, CA, 90015
NTEE Category
Code: L200 - Housing
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