Menorah Housing Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237103775 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Menorah Housing Foundation?

Menorah Housing Foundation is a California-based nonprofit corporation, dedicated to providing affordable housing solutions for senior adults in the Los Angeles area. They are known for managing and sponsoring affordable housing units through affiliated entities. One of their significant contributions is Menorah House, a 51-unit senior housing complex located in Los Angeles, which they own and operate. Additionally, Menorah Housing Foundation serves as the general partner in two partnerships, formed to develop, own, and operate senior affordable housing. The organization's mission is to enhance the living situation of senior adults in the community, contributing to a more inclusive and supportive environment. With a workforce of 57 individuals, Menorah Housing Foundation is committed to providing sustainable housing solutions for the elderly population in Los Angeles.


Is Menorah Housing Foundation legitimate?

Menorah Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menorah Housing Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $612,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $540,401

For more financial information, click here


What is the mission statement of Menorah Housing Foundation?
Who is the CEO of Menorah Housing Foundation?
What is the revenue of Menorah Housing Foundation?
Who are the executives of Menorah Housing Foundation and what are their salaries?
Where can I find the form 990 for Menorah Housing Foundation?

Mission Statement of Menorah Housing Foundation

Menorah Housing Foundation, as a California not-for-profit corporation, is dedicated to sponsoring and managing affordable housing for senior adults across the Los Angeles area. The organization goes beyond just sponsorship and management, as it also owns and operates Menorah House, a 51-unit senior housing complex situated in Los Angeles. Furthermore, Menorah Housing Foundation serves as the general partner in two partnerships formed for the development, ownership, and operation of senior affordable housing. In essence, the mission of Menorah Housing Foundation is to provide affordable housing solutions for senior adults in the Los Angeles area, expanding its impact through various affiliated entities and partnerships.

Impact

This information is meant to be a general summary of Menorah Housing Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Menorah Housing Foundation's impact is centered around providing affordable housing for senior adults in the Los Angeles area. Through its sponsored and managed housing complexes, such as Menorah House, the foundation offers a stable and secure living environment for very low-income elderly individuals. By addressing the critical need for affordable senior housing, Menorah Housing Foundation positively impacts the lives of seniors in the community, ensuring they have access to safe and suitable housing options as they age.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $352,169
  • Program Service Revenue: $1,842,364
  • Gross Receipts: $2,980,093

    • Assets and Liabilities:
  • Total Assets: $28,333,880
  • Total Liabilities: $13,047,664
  • Net Assets: $15,286,216
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MANAGEMENT FEE INCOME

    Revenue

    $1,634,275

    RENTAL INCOME

    Revenue

    $174,380

    PARTNERSHIP FEES

    Revenue

    $33,709

    Organization Details

    Founding Year

    1969

    Principal Officer

    Douglas Cope

    Main Address

    10991 W PICO BLVD, LOS ANGELES, CA, 90064

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Menorah Housing Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.