Overview
What is The Salvation Army Escondido Residnces Inc?
The Salvation Army Escondido Residences Inc, situated in Rancho Palos Verdes, California, is a nonprofit organization that offers subsidized housing to low-income elderly or handicapped individuals. This apartment complex serves as a vital resource in the community, providing a safe and affordable living space for those who may otherwise struggle with housing. With a dedicated team of four employees, this organization is committed to making a difference in the lives of its residents, ensuring they have access to a secure and comfortable home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The Salvation Army Escondido Residences Inc has received a strong Four-Star out of Four Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With a score of 94%, the organization demonstrates effective management practices and transparency in its operations. The evaluation highlights that the charity has 100% independent board members, indicating a commitment to governance and ethical oversight.
In terms of financial responsibility, the organization scored impressively across various criteria, including a program expense ratio of 95.89%, which signifies that a significant portion of its resources is allocated directly to its programs. Additionally, it has received full points for its audit of financial statements and has no material diversion of assets, showcasing its integrity in financial reporting and resource management.
While the charity has shown exceptional performance in its operations and governance, it is important for potential donors and stakeholders to consider ongoing community needs and how the organization adapts to address them. Overall, The Salvation Army Escondido Residences Inc appears to be a reliable choice for those looking to support effective and accountable nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Escondido Residnces Inc legitimate?
The Salvation Army Escondido Residnces Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Escondido Residnces 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: $111,284
For more financial information, click here
What is the mission statement of The Salvation Army Escondido Residnces Inc?
The Salvation Army Escondido Residences Inc is a non-profit organization that operates an apartment complex, providing subsidized housing to low-income elderly or handicapped individuals. Their mission is centered around providing a living space that is financially accessible for those who may not otherwise be able to afford it, specifically catering to the elderly and handicapped population. This initiative aims to contribute positively to these individuals' lives, ensuring they have a suitable place to reside.
Who is the CEO of The Salvation Army Escondido Residnces Inc?
Douglas Riley is the President of The Salvation Army Escondido Residnces Inc.
What is the revenue of The Salvation Army Escondido Residnces Inc?
The Salvation Army Escondido Residnces Inc's revenue in 2022 was $647,976.
Who are the executives of The Salvation Army Escondido Residnces Inc and what are their salaries?
The average compensation at The Salvation Army Escondido Residnces Inc during 2022 was $27,821. There are 4 employees at The Salvation Army Escondido Residnces Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $50,544
- Other: $31,109
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $28,990
- Other: $25,787
- Compensation: $0
- Related: $27,234
- Other: $25,787
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Salvation Army Escondido Residnces Inc?
The Salvation Army Escondido Residnces Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Salvation Army Escondido Residnces Inc
The Salvation Army Escondido Residences Inc is a non-profit organization that offers subsidized housing to low-income elderly or handicapped individuals. Their mission is to provide a home and necessary support for those who may face challenges in securing affordable housing due to their age or disability. By offering subsidized housing, The Salvation Army Escondido Residences Inc aims to alleviate some of the financial stress that these individuals may experience, allowing them to focus on their well-being and quality of life. The organization's commitment to this cause is evident in their dedication to providing a supportive living environment for those in need.
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Impact
July, 2024
The Salvation Army Escondido Residences Inc provides subsidized housing to low-income elderly or handicapped individuals in Rancho Palos Verdes, CA. This organization's impact is significant as it addresses the critical need for affordable housing for vulnerable populations, ensuring that these individuals have a safe and stable place to live. By offering subsidized housing, The Salvation Army Escondido Residences Inc positively impacts the lives of many, providing them with a sense of security and community.
This information is meant to be a general summary of The Salvation Army Escondido Residnces 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: $908
- Program Service Revenue: $278,673
- Gross Receipts: $647,976
Assets and Liabilities:
- Total Assets: $4,041,743
- Total Liabilities: $631,817
- Net Assets: $3,409,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$278,673
Organization Details
Founding Year
1995
Principal Officer
Douglas Riley
Main Address
30840 HAWTHORNE BLVD, RANCHO PALOS VERDES, CA, 90275
NTEE Category
Code: L22 - Housing
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