Overview
What is Beacon Housinginc?
Beacon Housinginc is a nonprofit organization situated in Los Angeles, California, specifically at 5000 Edenhurst Avenue, 90039. Its primary mission is to provide rental subsistence for low-income individuals and families, offering them financial assistance to secure housing. Beyond this, the organization extends encouragement and aid to the economically disadvantaged and unemployed, helping them restore emotional balance and regain productivity in their lives. With a team of only four dedicated individuals, Beacon Housinginc strives to make a significant impact on its community.
Official website here: www.beaconhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (39% score)
Beacon Housing Inc has received a poor rating of 39%, resulting in a Zero-Star out of Four Stars designation. This rating reflects significant weaknesses in accountability and financial transparency. The organization lacks independent board members and has not provided financial statements, which raises concerns about its governance and oversight practices.
Despite these deficiencies, Beacon Housing Inc shows a strong program expense ratio of 79.06%, indicating that a substantial portion of its resources is directed toward its programs. However, the absence of essential policies related to conflict of interest, whistleblowing, and document retention further undermines its accountability.
Overall, while the organization is managing a commendable program expense ratio, the lack of transparency and governance practices could be a red flag for potential donors and stakeholders. Improvements in board independence and financial reporting are necessary for the organization to enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Housinginc legitimate?
Beacon Housinginc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Housinginc 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: $135,547
For more financial information, click here
Official website here: www.beaconhousing.org
What is the mission statement of Beacon Housinginc?
Beacon Housinginc, as an organization, is committed to providing mission support to low-income individuals and families who are currently unemployed. Its primary goal is to help these individuals and families regain economic and emotional stability, enabling them to return to productivity. The organization's central activity is to offer rental subsistence, providing a vital living space for those who are financially disadvantaged. In essence, Beacon Housinginc serves as a beacon of hope for those in need, offering a stable living environment and the opportunity to rebuild their lives.
Official website here: www.beaconhousing.org
Who is the CEO of Beacon Housinginc?
Palin Ngaotheppitak is the President of Beacon Housinginc.
Official website here: www.beaconhousing.org
What is the revenue of Beacon Housinginc?
Beacon Housinginc's revenue in 2022 was $951,245.
Official website here: www.beaconhousing.org
Who are the executives of Beacon Housinginc and what are their salaries?
The average compensation at Beacon Housinginc during 2022 was $33,887. There are 4 employees at Beacon Housinginc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.beaconhousing.org
Where can I find the form 990 for Beacon Housinginc?
Beacon Housinginc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaconhousing.org
Learn more at the official website: www.beaconhousing.org
Mission Statement of Beacon Housinginc
Beacon Housinginc, a nonprofit organization, is dedicated to providing assistance and encouragement to low-income individuals and families who are currently unemployed. Their primary mission is to help these individuals and families regain economic and emotional balance, ultimately leading them back to productivity. To accomplish this, Beacon Housinginc offers a crucial service: providing rental subsistence for those in need. By offering affordable housing options, Beacon Housinginc enables these individuals and families to focus on rebuilding their lives and improving their circumstances. By offering rental subsistence, the organization provides a solid foundation, allowing its beneficiaries to focus on their personal and professional growth.
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Impact
July, 2024
Beacon Housinginc's impact lies in providing critical support and assistance to low-income and unemployed individuals and families in Los Angeles, CA. Through their sole program service of offering rental subsistence, Beacon Housinginc plays a vital role in helping these vulnerable populations regain economic stability and emotional balance. By providing a roof over their heads, Beacon Housinginc enables individuals and families to focus on rebuilding their lives and becoming more productive members of society. Ultimately, their work directly addresses the pressing need for affordable housing and support services for those facing financial hardship in the community.
This information is meant to be a general summary of Beacon Housinginc. 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: $4,831
- Program Service Revenue: $640,738
- Gross Receipts: $951,245
Assets and Liabilities:
- Total Assets: $1,761,372
- Total Liabilities: $1,410,758
- Net Assets: $350,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$640,738
Organization Details
Founding Year
1997
Phone
(818) 500-0155Principal Officer
Palin Ngaotheppitak
Main Address
5000 EDENHURST AVENUE, LOS ANGELES, CA, 90039
Website
www.beaconhousing.orgNTEE Category
Code: L80 - Housing
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