Overview
What is Decro Corporation?
Decro Corporation, based in Culver City, California, is a corporation that plays a significant role in providing affordable housing solutions for low-income families and seniors. As of December 31, 2022, Decro Corporation or its subsidiaries hold key positions in 24 entities that operate or intend to operate low-income housing projects. Furthermore, Decro Corporation offers management services to six California non-profit public benefit corporations, which have previously or currently managed low-income housing properties. Collectively, these entities are governed by a unified board of directors. Decro Corporation's mission is to ensure that the housing and services provided are safe, well-maintained, and accessible to those in need, thereby contributing positively to their communities.
Official website here: www.decro.org
Is Decro Corporation legitimate?
Decro Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Decro Corporation 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: $515,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,418,471
For more financial information, click here
Official website here: www.decro.org
What is the mission statement of Decro Corporation?
Decro Corporation is committed to providing affordable, secure, and well-maintained housing and services for low-income families and seniors. This mission is carried out through the corporation's involvement in 24 entities, which operate or plan to operate low-income affordable housing projects. Decro Corporation also extends its management services to six California non-profit public benefit corporations, which have a history of managing low-income housing properties. Collectively, these entities are governed by a unified board of directors.
Official website here: www.decro.org
Who is the CEO of Decro Corporation?
Ted Handel is the Chair of Decro Corporation. The CEO's salary of Decro Corporation is $0 and their total compensation is $271,300.
Official website here: www.decro.org
What is the revenue of Decro Corporation?
Who are the executives of Decro Corporation and what are their salaries?
The average compensation at Decro Corporation during 2022 was $193,377. There are 10 employees at Decro Corporation.
Here are 11 key members and their salaries (Decro Corporation's CEO's salary is $0 and their total compensation is $271,300):
- Ted Handel (Chief Executive Officer)
- Laura Vandeweghe (Chief Innovation Officer)
- Erin Foreman (Senior Project Manager)
- Emmanuel Choice (Asset Manager)
- Christian Von Merkatz (Chair) [Trustee/Director]
- Irene Choi (Vice Chair) [Trustee/Director]
- Alexander J Nweeia (Treasurer) [Trustee/Director]
- Randy Wirebaugh (Secretary) [Trustee/Director]
- Paul Pieroth (Director)
- J Warren Avery (Director)
- Vanessa Rios (Director)
Official website here: www.decro.org
Where can I find the form 990 for Decro Corporation?
The Decro Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.decro.org
Learn more at the official website: www.decro.org
Mission Statement of Decro Corporation
Decro Corporation, a corporation dedicated to its mission, strives to provide affordable, safe, and well-maintained housing and services for low-income families and seniors. The organization's primary goal is to cater to the needs of individuals who may be financially disadvantaged, ensuring they have access to suitable living spaces and necessary support services.
As of December 31, 2022, Decro Corporation or its subsidiaries act as the general partner, co-general partner, development general partner, or limited partner in 24 entities that manage or intend to manage low-income affordable housing projects. This involvement demonstrates Decro Corporation's commitment to actively participating in the provision of affordable housing solutions for those in need. In addition, the corporation offers management services to six California non-profit public benefit corporations that oversee or managed entities operating low-income housing properties. Collectively, these entities fall under the governance of a common board of directors, further emphasizing Decro Corporation's role in the affordable housing sector.
In summary, Decro Corporation's mission revolves around addressing the housing needs of low-income families and seniors by providing affordable, safe, and well-maintained housing options and associated services. Their active involvement in managing or partnering with entities involved in low-income housing projects and offering management services to non-profit organizations further solidifies their commitment to this cause.
Impact
This information is meant to be a general summary of Decro Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Decro Corporation's impact is providing affordable, safe, and well-maintained housing and services for low-income families and seniors. Through their involvement as general partners, co-general partners, and limited partners in various low-income affordable housing projects, Decro Corporation plays a key role in ensuring that individuals and families have access to housing that meets their needs. Additionally, their provision of management services to nonprofit public benefit corporations further extends their impact in supporting the community's housing needs. Overall, Decro Corporation's efforts contribute significantly to addressing the issue of affordable housing and enhancing the quality of life for underserved populations.
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
$6,911,304
DEVELOPER FEES
Revenue
$100,000
GENERAL PARTNER FEES
Revenue
$59,215
Organization Details
Founding Year
1989
Phone
(424) 403-4586
Principal Officer
Ted Handel
Main Address
3431 WESLEY STREET F, CULVER CITY, CA, 90232
Website
www.decro.org
NTEE Category
Code: L21 - Housing
If you are a representative of Decro Corporation 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.