Overview
What is Marathon Cooperative La?
Marathon Cooperative La is a nonprofit organization situated in Orange, California. Established as a limited-equity housing cooperative, it operates as a public benefit corporation and owns 66 low-income residential units in Los Angeles. The primary mission of this cooperative is to provide affordable housing to the Los Angeles community, aiming to alleviate the burden on government and promote social welfare. By rehabilitating existing buildings and constructing new facilities, Marathon Cooperative La strives to combat community deterioration and contribute to its physical improvement, ultimately enabling low-income individuals and families to secure decent and safe shelter.
Is Marathon Cooperative La legitimate?
Marathon Cooperative La is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marathon Cooperative La 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
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What is the mission statement of Marathon Cooperative La?
Marathon Cooperative's mission is centered around expanding housing opportunities for individuals and communities in need. By constructing, rehabilitating, and providing decent, safe, and sanitary housing, they aim to help those who are poor, distressed, underprivileged, and indigent secure a basic human need: decent shelter. This, in turn, lessens the burdens on government and promotes social welfare. Additionally, Marathon Cooperative focuses on revitalizing blighted structures and vacant sites, contributing to the physical improvement of the community. Their efforts combat the deterioration of the area and provide suitable housing for those who may not otherwise be able to afford it.
Who is the CEO of Marathon Cooperative La?
Conchita Cabaleiro is the President of Marathon Cooperative La.
What is the revenue of Marathon Cooperative La?
Marathon Cooperative La's revenue in 2022 was $787,397.
Who are the executives of Marathon Cooperative La and what are their salaries?
- Conchita Cabaleiro (President) [Trustee/Director]
- Mitchel Isenberg (Co-Vice President) [Trustee/Director]
- Silvia Galdamez (Treasurer) [Trustee/Director]
- Lucila Hernandez (Vowel (Member)) [Trustee/Director]
- Maria Luisa Garcia (Co-Vice President) [Trustee/Director]
- Maynor Bran (Vowel (Member)) [Trustee/Director]
- Arturo Flores (Secretary) [Trustee/Director]
Where can I find the form 990 for Marathon Cooperative La?
The Marathon Cooperative La’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Marathon Cooperative La
Marathon Cooperative LA, as a nonprofit organization, is committed to providing low-income housing solutions to the community. Its primary mission is to extend the opportunities for Los Angeles residents and groups to secure adequate, low-cost housing accommodations. To accomplish this, Marathon Cooperative LA engages in various activities, such as constructing, rehabilitating, and providing decent, safe, and sanitary housing facilities. The organization aims to alleviate the burdens faced by the poor, distressed, underprivileged, and indigent individuals by enabling them to access basic human needs, including decent shelter. By doing so, Marathon Cooperative LA aims to lessen the financial burden on government and promote social welfare in the community. Furthermore, the organization combats the deterioration of the community and contributes to its physical improvement by rehabilitating existing substandard buildings and constructing new facilities on blighted sites or vacant lots. In this way, Marathon Cooperative LA plays a crucial role in addressing housing needs for individuals and families who otherwise would struggle to find or afford suitable living conditions.
Impact
This information is meant to be a general summary of Marathon Cooperative La. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Marathon Cooperative La's impact lies in providing low-income housing to the Los Angeles community. By offering 66 low-income residential units in Los Angeles, California, the organization contributes to expanding opportunities for residents and groups to access adequate low-cost housing accommodations. Their mission to construct, rehabilitate, and provide decent, safe, and sanitary housing for individuals and families of low income helps alleviate housing challenges for those who would otherwise struggle to find or afford suitable living spaces. Through their efforts, Marathon Cooperative La not only supports the underprivileged by fulfilling their basic human needs for shelter but also eases the burden on the government while promoting social welfare. By combating community deterioration and contributing to physical improvement through their housing initiatives, Marathon Cooperative La plays a crucial role in enhancing the quality of life for low-income individuals and families in Los Angeles.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$386,109
Organization Details
Founding Year
1983
Phone
(714) 282-2520
Principal Officer
Conchita Cabaleiro
Main Address
1507 W YALE AVENUE, ORANGE, CA, 92867
NTEE Category
Code: L21 - Housing
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