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Telacu Housing-Baldwin Park Inc

Telacu Las Palomas

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

EIN: 311580938 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Telacu Housing-Baldwin Park Inc?

Telacu Housing-Baldwin Park Inc is a California-based nonprofit corporation, established with the intention of providing housing for low-income elderly individuals. The organization operates Telacu Las Palomas, a 75-unit community situated in Baldwin Park, California. This housing community receives financial support through Project Rental Assistance Payments from the U.S. Department of Housing and Urban Development, as per Section 202 of the National Housing Act. Telacu Housing-Baldwin Park Inc's primary objective is to cater to the housing needs of this specific demographic, thereby contributing to the overall well-being of the community.


Is Telacu Housing-Baldwin Park Inc legitimate?

Telacu Housing-Baldwin Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing-Baldwin Park 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Telacu Housing-Baldwin Park Inc?
Who is the CEO of Telacu Housing-Baldwin Park Inc?
What is the revenue of Telacu Housing-Baldwin Park Inc?
Who are the executives of Telacu Housing-Baldwin Park Inc and what are their salaries?
Where can I find the form 990 for Telacu Housing-Baldwin Park Inc?

Mission Statement of Telacu Housing-Baldwin Park Inc

Telacu Housing-Baldwin Park Inc is a not-for-profit corporation established in compliance with California's not-for-profit statutes. Its primary purpose is to manage a 75-unit community known as Telacu Las Palomas, located in Baldwin Park, California. This community serves as a sanctuary for elderly individuals with very low incomes, offering them a place to call home. Telacu Housing-Baldwin Park Inc receives financial assistance in the form of Project Rental Assistance Payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which has been amended. This support enables the organization to provide affordable housing for its elderly residents. The corporation's mission is to ensure that these elderly individuals have access to safe and secure housing, thereby enhancing their quality of life.

Impact

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




Wednesday, July 24, 2024

Telacu Housing-Baldwin Park Inc's impact lies in providing essential housing for very low-income elderly persons in the city of Baldwin Park, California. Through their operation of a 75-unit community known as Telacu Las Palomas, this organization ensures that vulnerable elderly individuals have a safe and affordable place to call home. By receiving project rental assistance payments from the U.S. Department of Housing and Urban Development, Telacu Housing-Baldwin Park Inc plays a crucial role in addressing the housing needs of this underserved population, promoting stability and well-being among the elderly in their community.





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: $309
  • Program Service Revenue: $270,407
  • Gross Receipts: $604,946

    • Assets and Liabilities:
  • Total Assets: $2,942,677
  • Total Liabilities: $6,343,177
  • Net Assets: -$3,400,500
  • Programs

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

    RENTAL INCOME

    Revenue

    $270,407

    Organization Details

    Founding Year

    1997

    Principal Officer

    Michael Lizarraga

    Main Address

    5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022

    NTEE Category

    Code: L22 - Housing

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