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Las Palmas Housing And Development Corp

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

EIN: 330895564 ✦ Encinitas, CA ✦ Designated as a 501(c)(3)

Overview

What is Las Palmas Housing And Development Corp?

Las Palmas Housing and Development Corp is a California-based nonprofit organization, primarily focused on procuring, constructing, renovating, and sustaining affordable housing facilities for low- and moderate-income families and individuals. Established with the mission to enhance and improve housing solutions, this charitable corporation plays a crucial role in acquiring and rehabilitating properties to provide affordable living spaces for those in need. Their current project involves co-managing an 112-unit senior citizen apartment complex situated in Simi Valley, California, which is entirely inhabited by low-income residents.


Is Las Palmas Housing And Development Corp legitimate?

Las Palmas Housing And Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Palmas Housing And Development Corp 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 Las Palmas Housing And Development Corp?
Who is the CEO of Las Palmas Housing And Development Corp?
What is the revenue of Las Palmas Housing And Development Corp?
Who are the executives of Las Palmas Housing And Development Corp and what are their salaries?
Where can I find the form 990 for Las Palmas Housing And Development Corp?

Mission Statement of Las Palmas Housing And Development Corp

Las Palmas Housing and Development Corp is a California-based nonprofit charitable corporation with a mission to enhance and improve housing opportunities for low and moderate-income families and individuals. Established with this purpose, the organization is committed to acquiring, developing, rehabilitating, and supporting affordable housing. The ultimate goal is to increase the availability of such housing, thereby contributing to a more inclusive and equitable community.

Impact

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




Thursday, August 15, 2024

Las Palmas Housing And Development Corp's impact can be seen in their dedication to acquiring, developing, rehabilitating, and supporting affordable housing. By actively working to increase and improve housing options for low and moderate-income families and individuals, this organization plays a crucial role in addressing the housing needs of vulnerable populations. Through initiatives like co-managing a general partner in Ashlee Apartments, LP – which operates a 112-unit affordable senior citizen apartment complex in Simi Valley, CA – Las Palmas Housing And Development Corp directly contributes to providing housing options for low-income residents. Overall, their efforts have a tangible impact on creating more accessible and sustainable housing solutions within the 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: $20,647
  • Program Service Revenue: $587,788
  • Gross Receipts: $1,501,579

    • Assets and Liabilities:
  • Total Assets: $2,953,897
  • Total Liabilities: $0
  • Net Assets: $2,953,897
  • Programs

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

    MANAGMENT FEES

    Revenue

    $291,853

    DEVELOPER FEE

    Revenue

    $295,935

    PARTNERSHIP INCOME

    Organization Details

    Founding Year

    2000

    Principal Officer

    Joseph M Michaels

    Main Address

    531 ENCINITAS BLVD STE 206, ENCINITAS, CA, 92024

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Las Palmas Housing And Development Corp 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.