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Floral Gardens Apartments Inc

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

EIN: 680371265 ✦ San rafael, CA ✦ Designated as a 501(c)(3)

Overview

What is Floral Gardens Apartments Inc?

Floral Gardens Apartments Inc is a housing corporation situated in Selma, California. Their primary focus is to offer affordable housing, serving a total of 56 units under Section 236 of the National Housing Act. Regulated by the HUD, the rental charges and operational methods of this property are strictly adhered to. Floral Gardens Apartments Inc's mission is to provide a home for individuals with limited income, ensuring that everyone has access to a comfortable living space.


Is Floral Gardens Apartments Inc legitimate?

Floral Gardens Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Floral Gardens Apartments 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: $142,272

For more financial information, click here


What is the mission statement of Floral Gardens Apartments Inc?
Who is the CEO of Floral Gardens Apartments Inc?
What is the revenue of Floral Gardens Apartments Inc?
Who are the executives of Floral Gardens Apartments Inc and what are their salaries?
Where can I find the form 990 for Floral Gardens Apartments Inc?

Mission Statement of Floral Gardens Apartments Inc

Floral Gardens Apartments Inc, as a mission-driven organization, is committed to providing low-income housing. With a focus on affordability, this corporation operates under Section 236 of the National Housing Act, offering 56 units in Selma, California. The primary objective of Floral Gardens Apartments Inc is to make housing accessible to individuals with limited financial resources. This mission is upheld by HUD's regulation of the property, ensuring that rent charges and operating methods are maintained at affordable levels. The corporation's commitment to affordable housing plays an essential role in addressing housing disparities and providing essential housing solutions for those in need.

Impact

This information is meant to be a general summary of Floral Gardens Apartments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Floral Gardens Apartments Inc's impact lies in providing essential low-income housing to individuals and families in need. By offering 56 units of affordable housing in Selma, California, Floral Gardens Apartments plays a crucial role in addressing the housing disparities faced by low-income residents. The organization's mission to provide affordable housing is reflected in its dedication to ensuring that the property is regulated by HUD, guaranteeing reasonable rent charges and operating practices. Floral Gardens Apartments Inc's commitment to providing a safe and stable living environment for those in need contributes significantly to the community's well-being and the overall efforts to combat homelessness and housing insecurity.





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 2023.

  • Investment Income: $274
  • Program Service Revenue: $425,027
  • Gross Receipts: $582,028

    • Assets and Liabilities:
  • Total Assets: $1,883,752
  • Total Liabilities: $250,156
  • Net Assets: $1,633,596
  • Programs

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

    LAUNDRY & VENDING

    Revenue

    $7,453

    OTHER INCOME

    Revenue

    $645

    TENANT CHARGES

    Revenue

    $4,076

    TENANT RENTS

    Revenue

    $412,853

    Organization Details

    Founding Year

    1995

    Principal Officer

    Robert Schraeger

    Main Address

    22 Pelican Way, San Rafael, CA, 94901

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Floral Gardens Apartments Inc 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.