Overview
What is Western Community Housing Inc?
Western Community Housing Inc, based in Costa Mesa, California, is a nonprofit organization committed to providing affordable housing for low-income households. As of December 31, 2022, they managed 108 such communities, with a total of approximately 8,301 units spread across California and Arizona. These communities cater to various population segments, including families, seniors, and special needs households, all with rents regulated for low-income families. In 2022, they added 371 more affordable communities to their portfolio, increasing their reach and capacity. Their work involves developing and managing these communities, generating development fees and management fees totaling $1,821,680 and $1,236,325, respectively, in 2022. Additionally, they earned rental income and other income of $2,682,926 and $127,883, respectively, from these low-income housing partnerships, contributing to a total program service revenue of $5,868,814. Western Community Housing Inc's mission is to alleviate the government's burden by building, purchasing, and operating affordable housing communities, offering life-enhancing services to low and moderate-income households.
Official website here: www.wchousing.org
What are the reviews and ratings of this charity?
**Rating: 83% (Three-Star out of Four Star Rating on Charity Navigator)**
Western Community Housing Inc has earned a 83% rating from Charity Navigator, primarily reflecting its strong performance in Accountability & Finance. This score is vital as it indicates that the organization is fairly transparent and manages its financial resources responsibly, with a notable program expense ratio of 95.62%. Such a high ratio implies that most of the organization's funds are directed towards its operational programs rather than administrative costs.
A closer look at the governance aspects reveals exemplary oversight, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower policies. However, the charity was marked down due to the absence of their Tax Form on their website, which might raise concerns about transparency. While the overall score is good, it's essential to note that the organization has not yet been evaluated for its impact, culture, and adaptability.
Unfortunately, user reviews from GreatNonprofits are not available at this time, limiting insights from individuals who have interacted with the organization. Despite this, the strong accountability measures suggest a commitment to positive community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Western Community Housing Inc legitimate?
Western Community Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Community Housing 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: $1,499,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $457,736
For more financial information, click here
Official website here: www.wchousing.org
What is the mission statement of Western Community Housing Inc?
Western Community Housing Inc. is committed to constructing, acquiring, and managing affordable housing complexes, as well as offering enriching services to households with moderate to low incomes. This mission aims to alleviate some of the financial burdens typically shouldered by the government. The target population for these affordable communities encompasses families, senior citizens, and households with special needs. The organization's primary activities primarily take place in California.
Official website here: www.wchousing.org
Who is the CEO of Western Community Housing Inc?
Unavailable
Official website here: www.wchousing.org
What is the revenue of Western Community Housing Inc?
Western Community Housing Inc's revenue in 2022 was $9,987,576.
Official website here: www.wchousing.org
Who are the executives of Western Community Housing Inc and what are their salaries?
The average compensation at Western Community Housing Inc during 2022 was $81,535. There are 24 employees and 6 volunteers at Western Community Housing Inc.
Here are 13 key members and their salaries:
- Compensation: $455,069
- Related: $0
- Other: $92,862
- Compensation: $172,745
- Related: $0
- Other: $36,858
- Compensation: $150,252
- Related: $0
- Other: $33,285
- Compensation: $144,762
- Related: $0
- Other: $35,317
- Compensation: $124,323
- Related: $0
- Other: $13,301
- Compensation: $120,111
- Related: $0
- Other: $7,600
- Compensation: $83,468
- Related: $0
- Other: $29,142
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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.wchousing.org
Where can I find the form 990 for Western Community Housing Inc?
Western Community Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wchousing.org
Learn more at the official website: www.wchousing.org
Mission Statement of Western Community Housing Inc
Western Community Housing, a nonprofit organization, is committed to making a significant impact by constructing, acquiring, and managing affordable housing complexes. Their mission is to cater to the needs of low-income households, including families, senior citizens, and individuals with special needs. By doing so, Western Community Housing aims to alleviate some of the financial burden that the government often carries. Their goal is to enhance the lives of these households by providing them with secure and affordable living spaces. The organization's activities primarily take place in California, contributing to the local community and providing a much-needed solution for those in need of affordable housing.
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Impact
July, 2024
Western Community Housing Inc's impact is significant in providing affordable housing to low-income households in California. As of December 31, 2022, Western Community Housing managed 108 affordable communities with approximately 8,301 affordable units. These communities cater to families, seniors, and special needs households, offering rents that are limited to low-income levels.
In 2022 alone, Western Community Housing generated $1,821,680 in development fees for the affordable communities, along with $1,236,325 in management fees. Additionally, the organization recorded $2,682,926 in rental income and $127,883 in other income from its investments in low-income housing partnerships, totaling $5,868,814 in program service revenue.
By providing affordable housing and life-enhancing services, Western Community Housing Inc lessens the burden on the government while positively impacting the lives of those in need within these communities.
This information is meant to be a general summary of Western Community Housing 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: $607,909
- Program Service Revenue: $7,501,719
- Gross Receipts: $10,018,785
Assets and Liabilities:
- Total Assets: $116,799,191
- Total Liabilities: $78,972,980
- Net Assets: $37,826,211
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$1,821,680
MANAGEMENT FEES
Revenue
$1,236,325
MISCELLANEOUS INCOME
Revenue
$127,883
RENTAL INCOME
Revenue
$2,682,926
SOCIAL SRVCS INCOME
Revenue
$1,632,905
Organization Details
Founding Year
1999
Phone
(714) 549-4100Main Address
151 KALMUS DRIVE J-5, COSTA MESA, CA, 92626
Website
www.wchousing.orgNTEE Category
Code: L80 - Housing
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