Overview
What is Sunset Apartments Housing Corporation?
Sunset Apartments Housing Corporation, based in Los Angeles, California, is a nonprofit organization dedicated to offering affordable housing solutions to low-income families and individuals. Their primary mission involves providing affordable living spaces, ensuring that those in need have access to decent and cost-effective housing options. With a specific address at 1038 Venice Boulevard, this organization contributes to the community by addressing a critical social issue.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Sunset Apartments Housing Corporation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This rating is entirely based on the organization's Accountability & Finance score, which indicates a strong emphasis on transparency and responsible financial management within the nonprofit sector.
The organization demonstrates solid governance, with 100% of its board members being independent and comprising a sufficient number of independent members. It excels in financial oversight, as evidenced by its perfect scores in financial statement audits and a favorable liabilities to assets ratio of 26.44%. Furthermore, the high program expense ratio of 97.64% indicates that the majority of its funds are directed toward its mission rather than administrative costs.
While the organization exhibits strengths in financial accountability and independent governance, there are no noted limitations in the available data. Overall, Sunset Apartments Housing Corporation is recognized for its effective management and commitment to its housing mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sunset Apartments Housing Corporation legitimate?
Sunset Apartments Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunset Apartments Housing 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: $54,635
For more financial information, click here
What is the mission statement of Sunset Apartments Housing Corporation?
Sunset Apartments Housing Corporation is dedicated to serving individuals and families with low income by offering affordable housing as its primary mission. This non-profit organization strives to make housing accessible for those who may otherwise struggle with affordability, thereby contributing to their quality of life. Their activities are centered around providing affordable housing solutions, aiming to create a sense of stability and security for those in need.
Who is the CEO of Sunset Apartments Housing Corporation?
Gloria Farias is the Executive Director of Sunset Apartments Housing Corporation. The CEO's salary of Sunset Apartments Housing Corporation is $0 and their total compensation is $0.
What is the revenue of Sunset Apartments Housing Corporation?
Sunset Apartments Housing Corporation's revenue in 2022 was $669,066.
Who are the executives of Sunset Apartments Housing Corporation and what are their salaries?
There 3 volunteers at Sunset Apartments Housing Corporation.
Here are 4 key members and their salaries (Sunset Apartments Housing Corporation'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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sunset Apartments Housing Corporation?
Sunset Apartments Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sunset Apartments Housing Corporation
Sunset Apartments Housing Corporation is dedicated to making a significant impact by offering affordable housing options for individuals and families with limited income. Their mission, in essence, revolves around providing a much-needed shelter and living space for those who may not have the financial means to secure it on their own. By doing so, this organization aims to contribute positively to the community, ensuring that everyone has access to a decent place to call home, regardless of their financial status.
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Impact
July, 2024
Sunset Apartments Housing Corporation's impact lies in providing critical support to low-income individuals and families in Los Angeles by offering affordable housing solutions. Through its mission of addressing the housing needs of the community, this organization plays a vital role in promoting social equity and economic stability. By offering affordable housing options, Sunset Apartments Housing Corporation positively impacts the lives of those in need, enabling them to secure a stable living environment and work towards a brighter future.
This information is meant to be a general summary of Sunset Apartments Housing 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: $1,197
- Program Service Revenue: $667,869
- Gross Receipts: $669,066
Assets and Liabilities:
- Total Assets: $3,120,383
- Total Liabilities: $825,129
- Net Assets: $2,295,254
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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
$667,869
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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