Overview
What is Abode Communities?
Abode Communities is a nonprofit organization based in Los Angeles, California. Their mission is to create service-enhanced affordable housing and socially beneficial community facilities to promote the social, economic, and physical transformation of underserved communities. They achieve this through acquiring, designing, and developing affordable housing projects. Their work includes offering architectural services to ensure the housing meets the needs of the community. By focusing on affordable housing and community facilities, Abode Communities aims to positively impact and uplift underprivileged areas.
Official website here: www.abodecommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Abode Communities has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization has demonstrated excellence in governance, with a fully independent board and robust financial oversight mechanisms in place. Their financial health is indicated by a low liabilities-to-assets ratio and a high percentage of program expenses, with nearly 90% of their funds allocated directly to programs.
The charity's strong operational practices include a comprehensive set of policies such as conflict of interest and whistleblower protections, ensuring transparency and ethical conduct. Additionally, their financial statements undergo regular audits, enhancing trust among donors and stakeholders. The organization’s commitment to maintaining detailed records and meeting regulatory requirements is evident through their well-documented board meeting minutes and other governance documents.
While the organization showcases significant strengths, potential donors and supporters should consider any specific programmatic outcomes or impact metrics related to their mission. Overall, Abode Communities stands out as a financially sound and accountable nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Abode Communities?
88% of 20 reviewers on Facebook recommend Abode Communities. Here is a summary of their reviews:
Many individuals appreciate the impactful work being done by Abode Communities in addressing housing issues and promoting sustainability in Los Angeles. Commenters frequently highlight the organization's commitment to improving the community and its positive outcomes.
Overall, there is a strong sentiment of support for the nonprofit, with users acknowledging its significant contributions to creating a better living environment for those in need.
This AI summary has been generated from reviews found on Facebook.
Is Abode Communities legitimate?
Abode Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abode Communities 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: $845,435
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,873,964
For more financial information, click here
Official website here: www.abodecommunities.org
What is the mission statement of Abode Communities?
Abode Communities is dedicated to acquiring, designing, developing, and operating affordable housing projects. Their mission extends beyond just housing, as they strive to create service-enhanced communities that bring about social, economic, and physical transformation in underserved areas. Through their initiatives, they promote a better quality of life for residents and contribute to the betterment of communities as a whole. Abode Communities goes above and beyond by offering architectural services and developing housing projects that cater to the unique needs of each community.
Official website here: www.abodecommunities.org
Who is the CEO of Abode Communities?
Holly Benson is the Pres & Ceo (As Of 8/22) of Abode Communities. The CEO's salary of Abode Communities is $192,453 and their total compensation is $213,849.
Official website here: www.abodecommunities.org
What is the revenue of Abode Communities?
Abode Communities's revenue in 2022 was $32,741,209.
Official website here: www.abodecommunities.org
Who are the executives of Abode Communities and what are their salaries?
The average compensation at Abode Communities during 2022 was $36,585. There are 211 employees and 13 volunteers at Abode Communities.
Here are 21 key members and their salaries (Abode Communities's CEO's salary is $192,453 and their total compensation is $213,849):
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- Compensation: $192,453
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- Other: $21,396
- Compensation: $320,552
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- Other: $21,538
- Compensation: $260,686
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- Other: $28,810
- Compensation: $213,122
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- Other: $26,782
- Compensation: $190,253
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- Other: $44,965
- Compensation: $185,750
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- Other: $23,247
- Compensation: $184,644
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- Other: $8,359
- Compensation: $166,819
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- Other: $20,099
Official website here: www.abodecommunities.org
Where can I find the form 990 for Abode Communities?
Abode Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abodecommunities.org
Learn more at the official website: www.abodecommunities.org
Mission Statement of Abode Communities
Abode Communities, a renowned nonprofit organization, is dedicated to acquiring, designing, developing, and operating affordable housing projects. Their ultimate mission is to create service-enhanced affordable housing and socially beneficial community facilities that foster social, economic, and physical transformation in underserved communities.
Through innovative housing solutions, Abode Communities goes beyond the mere provision of shelter. They infuse their projects with essential services, catering to the holistic needs of the residents. Their commitment extends beyond the construction and development phase, as they also operate these facilities.
Abode Communities' initiatives not only offer affordable housing but also contribute to the betterment of the communities they serve. By integrating social, economic, and physical improvements, they strive to create vibrant and sustainable neighborhoods. Their endeavors are designed to uplift the lives of residents, offering them a chance to thrive and build a better future.
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Impact
October, 2024
Abode Communities significantly impacts underserved communities by acquiring, designing, and developing affordable housing projects that focus on enhancing social, economic, and physical transformation. By creating service-enhanced affordable housing and socially beneficial community facilities, it addresses critical housing shortages and fosters stability for low-income families. The organization also integrates design and architectural services, ensuring that the housing is not only affordable but also conducive to sustainable community development. Located in Los Angeles, CA, Abode Communities plays a vital role in improving living conditions, promoting equity, and enhancing the overall quality of life for residents in these communities.
This information is meant to be a general summary of Abode Communities. 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: $721,147
- Program Service Revenue: $16,747,248
- Gross Receipts: $32,741,209
Assets and Liabilities:
- Total Assets: $71,523,227
- Total Liabilities: $34,027,472
- Net Assets: $37,495,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$8,083,476
ARCHITECTURAL AND CONSULTING
Revenue
$4,662,042
PROPERTY AND PARTNERSHIP MANAGEME
Revenue
$3,108,309
RESIDENTIAL SERVICES
Revenue
$893,421
Organization Details
Founding Year
1968
Phone
(213) 629-2702Principal Officer
Holly Benson
Main Address
1149 S HILL STREET 700, LOS ANGELES, CA, 90015
Website
www.abodecommunities.orgNTEE Category
Code: L200 - Housing
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