Overview
What is Venice Senior Housing Corporation?
Venice Senior Housing Corporation is a nonprofit organization situated in Duarte, California, with an address at 1900 Huntington Drive, CA 91010. Their primary mission is to provide affordable housing for the elderly, offering not just residences, but also facilities and services tailored to cater to the physical, social, and psychological needs of senior citizens. By doing so, they aim to contribute positively to their health, security, happiness, and overall usefulness in their later years. This is all done in collaboration with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act.
Official website here: www.humangood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Venice Senior Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance primarily in terms of accountability and finance. The organization's score reflects strong governance practices, with 85% of its board members being independent and comprehensive policies in place for conflict of interest, whistleblower protection, and document retention.
The organization demonstrates a high commitment to responsible financial management, evidenced by an impressive program expense ratio of 86.73%, which suggests that a significant portion of its resources is dedicated to its mission. However, the fiscal data also reveals a concerning liabilities to assets ratio of 139.81%, which may indicate financial pressures that could affect long-term sustainability.
Overall, while Venice Senior Housing Corporation shows strengths in governance and program spending, potential donors and stakeholders should be aware of the financial ratios that may warrant closer examination. The organization’s transparency and adherence to accountability standards are commendable, but the financial ratios suggest the need for vigilance regarding its economic health.
This AI summary has been generated from information found on Charity Navigator.
Is Venice Senior Housing Corporation legitimate?
Venice Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venice Senior 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: $0
For more financial information, click here
Official website here: www.humangood.org
What is the mission statement of Venice Senior Housing Corporation?
The Venice Senior Housing Corporation's mission is centered around providing affordable rental housing for the elderly. This housing is designed to cater to the physical, social, and psychological needs of seniors, aiming to enhance their health, security, happiness, and overall usefulness in extended living. The organization contributes to their well-being by offering related facilities and services, thereby promoting their quality of life in their later years. The corporation accomplishes this mission in association with the United States Department of Housing and Urban Development, under Section 202 of the National Housing Act.
Official website here: www.humangood.org
Who is the CEO of Venice Senior Housing Corporation?
John H Cochrane Iii is the Chief Executive Officer of Venice Senior Housing Corporation. The CEO's salary of Venice Senior Housing Corporation is $0 and their total compensation is $671,183.
Official website here: www.humangood.org
What is the revenue of Venice Senior Housing Corporation?
Venice Senior Housing Corporation's revenue in 2022 was $728,513.
Official website here: www.humangood.org
Who are the executives of Venice Senior Housing Corporation and what are their salaries?
Here are 15 key members and their salaries (Venice Senior Housing Corporation's CEO's salary is $0 and their total compensation is $671,183):
- Compensation: $0
- Related: $73,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $63,000
- Other: $0
- Compensation: $0
- Related: $32,228
- Other: $0
- Compensation: $0
- Related: $310,289
- Other: $27,427
- Compensation: $0
- Related: $645,511
- Other: $25,672
- Compensation: $0
- Related: $530,748
- Other: $31,801
- Compensation: $0
- Related: $354,675
- Other: $31,380
- Compensation: $0
- Related: $281,269
- Other: $13,919
- Compensation: $0
- Related: $122,473
- Other: $121
- Compensation: $0
- Related: $353,484
- Other: $33,191
Official website here: www.humangood.org
Where can I find the form 990 for Venice Senior Housing Corporation?
Venice Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.humangood.org
Learn more at the official website: www.humangood.org
Mission Statement of Venice Senior Housing Corporation
Venice Senior Housing Corporation is dedicated to providing affordable housing solutions for the elderly, catering to their physical, social, and psychological needs. This organization's mission is twofold: firstly, it aims to offer low-cost rental housing that is specifically designed to meet the unique needs of the elderly. Secondly, the corporation strives to contribute to the health, security, happiness, and usefulness of the elderly in their later years. By providing such housing, Venice Senior Housing Corporation intends to enhance the quality of life for the elderly, enabling them to live comfortably and independently. The organization carries out its mission in association with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act.
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Impact
July, 2024
Venice Senior Housing Corporation's impact is significant in providing low-cost rental housing for the elderly in Duarte, CA. By offering housing that is specifically designed to meet the physical, social, and psychological needs of the aged, the organization contributes to the health, security, happiness, and usefulness of elderly residents in longer living. Through its association with the United States Department of Housing and Urban Development under Section 202 of the National Housing Act, Venice Senior Housing Corporation plays a vital role in ensuring that senior citizens have access to affordable and suitable housing options.
This information is meant to be a general summary of Venice Senior 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: $297
- Program Service Revenue: $258,177
- Gross Receipts: $728,513
Assets and Liabilities:
- Total Assets: $7,094,701
- Total Liabilities: $9,919,678
- Net Assets: -$2,824,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$258,177
Organization Details
Founding Year
1996
Phone
(818) 247-0420Principal Officer
John H Cochrane Iii
Main Address
1900 HUNTINGTON DRIVE, DUARTE, CA, 91010
Website
www.humangood.orgNTEE Category
Code: L220 - Housing
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