nonprofit logo

Geneva Plaza Inc

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

EIN: 833984225 ✦ Pasadena, CA ✦ Designated as a 501(c)(3)

Overview

What is Geneva Plaza Inc?

Geneva Plaza Inc, established in 2019 in California, is a nonprofit corporation primarily dedicated to providing affordable housing for individuals aged 62 and above. Westminster Towers, Inc. transferred the management of an eight-story, 100-unit building in Santa Monica, completed in 1979, to Geneva Plaza Inc. The nonprofit manages the property under guidelines established by the Department of Housing and Urban Development (HUD) for federally subsidized housing for low-income elderly persons. Falkenberg/Gilliam & Associates, Inc. serves as the managing agent, and HUD approval is required for the apartment rental rates. Geneva Plaza Inc's main program involves its Section 8 Housing Assistance Payment program, provided under an agreement with HUD. With a total of 4 employees, the organization operates the affordable apartment community, ensuring housing security for its elderly residents.


Is Geneva Plaza Inc legitimate?

Geneva Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Geneva Plaza 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: $218,790

For more financial information, click here


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

Mission Statement of Geneva Plaza Inc

Geneva Plaza Inc, a California-based non-profit corporation, is dedicated to providing affordable housing for individuals who are 62 years of age or older. Established to manage Geneva Plaza, a HUD-funded housing project, the organization operates an eight-story building with 100 units in Santa Monica, California. The project, completed in 1979, was handed over to Geneva Plaza Inc by Westminster Towers, Inc., in July 2019. The corporation operates the project under guidelines set by the Department of Housing and Urban Development (HUD) in Section 202 of the National Housing Act, which focuses on the operation of federally subsidized apartment rental housing for low-income elderly persons. Falkenberg/Gilliam & Associates, Inc., serves as the managing agent for the project, and apartment rental rates are subject to HUD approval. The project's primary program is its Section 8 Housing Assistance Payment Program, provided under an agreement with HUD, which ensures affordable housing for eligible seniors.

Impact

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




Saturday, July 20, 2024

Geneva Plaza Inc's impact lies in providing affordable housing for those aged 62 years or older in Santa Monica, California. The organization manages an eight-story, 100-unit building completed in June 1979 under the guidelines established by the Department of Housing and Urban Development (HUD). By offering federally subsidized apartment rental housing for low-income elderly individuals, Geneva Plaza Inc contributes to the well-being and quality of life for seniors in need of affordable housing options. Through its Section 8 Housing Assistance Payment Program, the organization ensures that elderly residents have access to safe and affordable housing in a supportive community environment.





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: $11,550
  • Program Service Revenue: $432,023
  • Gross Receipts: $1,324,037

    • Assets and Liabilities:
  • Total Assets: $10,493,201
  • Total Liabilities: $7,192,230
  • Net Assets: $3,300,971
  • Programs

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

    RENTAL INCOME

    Revenue

    $431,829

    PROGRAM INVESTMENT INC

    Revenue

    $194

    Organization Details

    Founding Year

    2019

    Principal Officer

    Eric Larson

    Main Address

    PO BOX 7070, PASADENA, CA, 911097070

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Geneva Plaza 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.