Overview
What is Cahuenga Housing Foundation?
The Cahuenga Housing Foundation is a nonprofit organization situated in Woodland Hills, California. Their primary focus is on supporting individuals with developmental disabilities, offering a 12-unit facility. This facility serves as a sanctuary, aiming to meet the physical, social, and psychological needs of its residents. The foundation's mission is to provide comprehensive housing and assistance, ensuring the well-being and overall development of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
The Cahuenga Housing Foundation has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement, particularly in its financial health. While it has a solid program expense ratio of 84.91%, which shows that a significant portion of its expenses are directed toward programs, it faces challenges with a liabilities to assets ratio of 185.56%. This high ratio suggests that the organization may have financial stability issues that could impact its future operations.
On a positive note, the foundation boasts a fully independent board of directors and maintains good governance practices, receiving full points for both board independence and the material diversion of assets. Additionally, it has implemented a whistleblower policy and documents board meeting minutes, which reflects a commitment to transparency and accountability.
However, the compensation for key personnel, particularly the CEO, raises some concerns, with a reported salary of $651,445. While executive compensation can be justified based on the organization's size and impact, it may also contribute to perceptions of financial inefficiency, especially in light of the organization’s overall rating. Overall, while Cahuenga Housing Foundation has strengths in governance, its financial issues warrant attention.
This AI summary has been generated from information found on Charity Navigator.
Is Cahuenga Housing Foundation legitimate?
Cahuenga Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cahuenga Housing Foundation 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
For more financial information, click here
What is the mission statement of Cahuenga Housing Foundation?
The Cahuenga Housing Foundation is committed to providing housing and support services for individuals with developmental disabilities. Their mission is to cater to the physical, social, and psychological needs of these individuals, ensuring they live with dignity and independence. By offering a nurturing environment, the foundation aims to enhance their overall well-being and quality of life. The foundation operates as a 12-unit facility, offering a home and essential support services to its residents.
Who is the CEO of Cahuenga Housing Foundation?
Joseph Simoneschi is the Vice President of Cahuenga Housing Foundation. The CEO's salary of Cahuenga Housing Foundation is $0 and their total compensation is $640,598.
What is the revenue of Cahuenga Housing Foundation?
Cahuenga Housing Foundation's revenue in 2022 was $146,343.
Who are the executives of Cahuenga Housing Foundation and what are their salaries?
Here are 5 key members and their salaries (Cahuenga Housing Foundation's CEO's salary is $0 and their total compensation is $640,598):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $640,598
- Other: $0
Where can I find the form 990 for Cahuenga Housing Foundation?
Cahuenga Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cahuenga Housing Foundation
Cahuenga Housing Foundation is committed to providing housing and support services for individuals with developmental disabilities. The organization's mission is to cater to the physical, social, and psychological needs of these individuals, ensuring they live with dignity and independence. By offering tailored housing solutions and necessary support, Cahuenga Housing Foundation aims to enhance the quality of life for those with developmental disabilities, fostering an environment that promotes their overall well-being.
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Impact
October, 2024
Cahuenga Housing Foundation significantly enhances the lives of individuals with developmental disabilities by providing tailored housing and support services. Located in Woodland Hills, California, this 12-unit facility ensures that residents receive the necessary assistance to address their physical, social, and psychological needs. By fostering a supportive environment, Cahuenga Housing Foundation promotes independence and community integration, allowing residents to thrive in a nurturing setting. The focus on comprehensive support not only improves the quality of life for individuals but also contributes to a more inclusive society, where everyone has the opportunity to live fulfilling lives.
This information is meant to be a general summary of Cahuenga Housing Foundation. 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: $135
- Program Service Revenue: $67,283
- Gross Receipts: $146,343
Assets and Liabilities:
- Total Assets: $1,407,270
- Total Liabilities: $2,495,199
- Net Assets: -$1,087,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$67,283
Organization Details
Founding Year
1996
Phone
(818) 782-2211Principal Officer
Joseph Simoneschi
Main Address
6430 INDEPENDENCE AVE, WOODLAND HILLS, CA, 91367
NTEE Category
Code: L20 - Housing
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