Overview
What is Mariposa Senior Association?
The Mariposa Senior Association, located in Westlake Village, California, is a nonprofit organization committed to serving low-income elderly individuals. Their primary mission involves providing affordable housing, ensuring that these individuals have access to safe and comfortable living spaces. Their operations are overseen by the U.S. Department of Housing and Urban Development (HUD), ensuring compliance with relevant regulations. By offering affordable housing, the Mariposa Senior Association plays a significant role in supporting the elderly community in the area, thereby enhancing their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
The Mariposa Senior Association received a Two-Star rating from Charity Navigator, primarily reflecting a score of 68% in the Accountability & Finance category. This rating indicates some concerns regarding financial management, particularly in the area of liabilities compared to assets, where the organization scored 0 out of 15 points. However, the charity demonstrated strong governance practices, with an independent board comprised entirely of independent members.
Positive aspects of the organization include its effective program expense ratio, which stands at 75.81%, indicating a robust commitment to programmatic spending. Additionally, the charity has comprehensive policies in place, such as a conflict of interest and whistleblower policies, which contributed positively to its score. Despite these strengths, the organization is marked down for lacking a website listed on its tax form and showing weaknesses in independent board member representation.
Overall, while the Mariposa Senior Association exhibits strong governance and a focus on programming, potential donors and stakeholders may want to consider the financial management issues highlighted in its rating. Addressing these areas could enhance the organization's standing and effectiveness in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mariposa Senior Association legitimate?
Mariposa Senior Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mariposa Senior Association 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: $93,187
For more financial information, click here
What is the mission statement of Mariposa Senior Association?
The Mariposa Senior Association is dedicated to providing a mission that caters to the needs of low-income elderly individuals. At its core, the organization strives to offer affordable housing as a solution. This commitment is regulated by the HUD, ensuring that the association's operations adhere to the necessary standards and are subject to HUD's oversight. In essence, the Mariposa Senior Association aims to create a living environment that is accessible and affordable for elderly individuals with limited income.
Who is the CEO of Mariposa Senior Association?
Tom Lungin is the President of Mariposa Senior Association.
What is the revenue of Mariposa Senior Association?
Mariposa Senior Association's revenue in 2022 was $574,739.
Who are the executives of Mariposa Senior Association and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mariposa Senior Association?
Mariposa Senior Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mariposa Senior Association
Mariposa Senior Association, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income elderly individuals. The core mission of this association is to address the housing needs of this vulnerable population, ensuring they can maintain a dignified living standard. Mariposa Senior Association's operations are regulated by the Department of Housing and Urban Development (HUD), and it falls under HUD's oversight, which ensures adherence to strict guidelines and standards. The association's primary role is to provide housing that is within the financial reach of elderly individuals, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
Mariposa Senior Association's impact lies in providing affordable housing to low-income elderly individuals. Their mission is centered around offering a safe and secure living environment for seniors who may otherwise struggle to find suitable housing options. By ensuring that these individuals have access to affordable housing, Mariposa Senior Association contributes positively to the well-being and quality of life of the elderly population in Westlake Village, California.
This information is meant to be a general summary of Mariposa Senior Association. 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: $73
- Program Service Revenue: $218,783
- Gross Receipts: $574,739
Assets and Liabilities:
- Total Assets: $3,056,560
- Total Liabilities: $5,191,131
- Net Assets: -$2,134,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$218,783
Organization Details
Founding Year
1997
Phone
(805) 413-7991Principal Officer
Tom Lungin
Main Address
4530 E THOUSAND OAKS BLVD 100, WESTLAKE VILLAGE, CA, 91362
NTEE Category
Code: L22 - Housing
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