Overview
What is Century Affordable Development Inc?
Century Affordable Development Inc is a nonprofit organization situated in Culver City, California, specifically at 1000 Corporate Pointe Suite 200. Their primary mission involves the acquisition and development of real property to ensure affordable housing options. Over the years, they have been actively engaged in buying and selling properties to maintain this essential service. Their work plays a significant role in providing affordable housing solutions within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Century Affordable Development Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is based entirely on the Accountability & Finance beacon, indicating that the organization has established strong financial practices and transparency in its operations.
The charity demonstrates robust governance with a perfect score in key areas such as financial statements oversight, conflict of interest, and whistleblower policies. Additionally, its program expense ratio is notably high at 96.94%, suggesting that a significant majority of its funds are directed towards its programs rather than administrative costs.
However, while the financial management appears strong, the single beacon score means that there is limited information available on other aspects of performance, such as impact and program effectiveness. This focus on financial accountability, while important, may not provide a complete picture of the organization's overall effectiveness and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Century Affordable Development Inc legitimate?
Century Affordable Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Century Affordable Development 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: $2,326,256
For more financial information, click here
What is the mission statement of Century Affordable Development Inc?
Century Affordable Development Inc's mission is centered around acquiring and developing real property with a focus on providing affordable housing. The organization carries out this mission by strategically acquiring and selling properties to preserve and maintain affordable housing options. This commitment to affordable housing aims to make living spaces more accessible and affordable for individuals and families. By focusing on real estate development, Century Affordable Development Inc plays a significant role in addressing the housing needs of communities, contributing to a more equitable living environment.
Who is the CEO of Century Affordable Development Inc?
Brian Dandrea is the Principal Officer of Century Affordable Development Inc.
What is the revenue of Century Affordable Development Inc?
Century Affordable Development Inc's revenue in 2022 was $4,263,794.
Who are the executives of Century Affordable Development Inc and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $411,399
- Other: $58,355
- Compensation: $0
- Related: $390,298
- Other: $60,309
- Compensation: $0
- Related: $513,822
- Other: $66,157
- Compensation: $0
- Related: $304,857
- Other: $52,114
- Compensation: $0
- Related: $197,289
- Other: $35,559
- Compensation: $0
- Related: $298,200
- Other: $52,020
- Compensation: $0
- Related: $225,024
- Other: $46,708
- Compensation: $0
- Related: $133,609
- Other: $30,529
- Compensation: $0
- Related: $205,118
- Other: $31,019
- Compensation: $0
- Related: $205,556
- Other: $27,000
- Compensation: $0
- Related: $142,521
- Other: $23,086
- Compensation: $0
- Related: $160,295
- Other: $24,194
- Compensation: $0
- Related: $140,249
- Other: $42,169
Where can I find the form 990 for Century Affordable Development Inc?
Century Affordable Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Century Affordable Development Inc
Century Affordable Development Inc, as its name suggests, is dedicated to an important mission. This mission revolves around the acquisition and development of real estate properties with the primary objective of providing affordable housing. The organization's activities are centered around purchasing and selling properties to ensure the continuation of affordable housing options, thereby contributing to the well-being of the community. By acquiring and developing real property, Century Affordable Development Inc plays a crucial role in making housing more accessible and affordable for individuals and families who might otherwise struggle with high housing costs.
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Impact
July, 2024
Century Affordable Development Inc's impact is significant in providing affordable housing solutions in Culver City, California. Through its mission to acquire and develop real property as affordable housing, the organization has successfully acquired and sold properties to maintain affordability in the housing market. This has directly contributed to addressing the pressing issue of housing affordability in the region, ensuring that individuals and families have access to safe and sustainable housing options.
This information is meant to be a general summary of Century Affordable Development 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: $300,284
- Program Service Revenue: $3,963,510
- Gross Receipts: $4,263,794
Assets and Liabilities:
- Total Assets: $55,057,977
- Total Liabilities: $8,977,610
- Net Assets: $46,080,367
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$3,800,204
GROSS POTENTIAL RENT -
Revenue
$112,724
OTHER INCOME
Revenue
$37,035
MANAGEMENT FEE
Revenue
$13,547
Organization Details
Founding Year
1996
Phone
(310) 258-0700Principal Officer
Brian Dandrea
Main Address
1000 CORPORATE POINTE SUITE 200, CULVER CITY, CA, 90230
NTEE Category
Code: L20 - Housing
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