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Faulding Hotel Inc

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

EIN: 770197146 ✦ Santa barbara, CA ✦ Designated as a 501(c)(3)

Overview

What is Faulding Hotel Inc?

Faulding Hotel Inc is a California-based nonprofit organization, specifically a public benefit corporation, situated in Santa Barbara, California. With an 81-room residence at 11 East Haley Street, they provide housing for individuals of low to moderate income. Established with the purpose of purchasing and redeveloping the property, Faulding Hotel Inc's primary mission is dedicated to offering a shelter for this specific demographic. The organization currently employs 14 individuals, working together to fulfill this essential community service.


Is Faulding Hotel Inc legitimate?

Faulding Hotel Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faulding Hotel 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: $253,800

For more financial information, click here


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

Mission Statement of Faulding Hotel Inc

Faulding Hotel Inc, as a California non-profit public benefit corporation, is dedicated to a noble mission. Its primary objective is to offer housing solutions to individuals falling within the low to moderate income bracket. Established with the purchase and subsequent redevelopment of an 81-room residence, this organization has positioned itself as a beacon of support for those in need of affordable housing. The organization's operations are centered around the maintenance and management of this residence, ensuring it serves its intended purpose effectively. By providing housing, Faulding Hotel Inc contributes significantly to the well-being and stability of its residents, enabling them to focus on other aspects of their lives.

Impact

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




Saturday, July 20, 2024

Faulding Hotel Inc's impact lies in providing housing for low to moderate-income individuals in Santa Barbara, California. By purchasing and redeveloping an 81-room residence, the organization is addressing a critical need in the community by offering affordable housing options. This initiative helps to improve the quality of life for individuals who may struggle to find suitable and affordable accommodation. Additionally, Faulding Hotel Inc's efforts contribute to promoting stability and security for those in need, ultimately fostering a sense of community and support for its residents.





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: $717
  • Program Service Revenue: $841,115
  • Gross Receipts: $931,922

    • Assets and Liabilities:
  • Total Assets: $1,189,713
  • Total Liabilities: $4,348,235
  • Net Assets: -$3,158,522
  • Programs

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

    LAUNDRY ETC. INCOME

    Revenue

    $6,095

    RENTAL INCOME

    Revenue

    $835,020

    Organization Details

    Founding Year

    1988

    Principal Officer

    Cindy Young

    Main Address

    11 EAST HALEY STREET, SANTA BARBARA, CA, 93101

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Faulding Hotel 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.