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Nova-Ro Corporation

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

EIN: 942318537 ✦ Novato, CA ✦ Designated as a 501(c)(3)

Overview

What is Nova-Ro Corporation?

Nova-Ro Corporation is a nonprofit organization situated in Novato, California. With a focus on supporting low-income elderly individuals, their primary mission is to provide suitable rental facilities. They cater specifically to this demographic, ensuring that the elderly population with modest incomes has access to comfortable housing. With a small team of five dedicated employees, Nova-Ro Corporation works tirelessly to provide low to moderate income rental facilities for eligible senior citizens aged 62 and above.


Is Nova-Ro Corporation legitimate?

Nova-Ro Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nova-Ro 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: $108,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,200

For more financial information, click here


What is the mission statement of Nova-Ro Corporation?
Who is the CEO of Nova-Ro Corporation?
What is the revenue of Nova-Ro Corporation?
Who are the executives of Nova-Ro Corporation and what are their salaries?
Where can I find the form 990 for Nova-Ro Corporation?

Mission Statement of Nova-Ro Corporation

Nova-Ro Corporation, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income elderly individuals. Their primary mission is to offer low to moderate income rental facilities for qualified individuals over the age of 62. By doing so, Nova-Ro Corporation aims to make housing accessible and affordable for this vulnerable population, ensuring they can live with dignity and independence in their later years.

Impact

This information is meant to be a general summary of Nova-Ro Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Sunday, July 21, 2024

Nova-Ro Corporation's impact lies in providing low-income rental facilities for low-income elderly people in Novato, California. Their mission of offering affordable housing options for qualified individuals over the age of 62 directly addresses the pressing need for accessible and safe housing for this vulnerable population. By providing a supportive living environment, Nova-Ro Corporation contributes to enhancing the quality of life and well-being of elderly individuals who may otherwise struggle to find affordable housing options. This impact extends beyond just providing shelter, as it enables elderly individuals to maintain independence, dignity, and a sense of community as they age.





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: $68,578
  • Program Service Revenue: $1,233,808
  • Gross Receipts: $2,891,726

    • Assets and Liabilities:
  • Total Assets: $7,577,873
  • Total Liabilities: $54,950
  • Net Assets: $7,522,923
  • Programs

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

    RENTS AND LAUNDRY

    Revenue

    $1,233,808

    Organization Details

    Founding Year

    1975

    Principal Officer

    Burt Hoffmann

    Main Address

    PO BOX 1195, NOVATO, CA, 94948

    NTEE Category

    Code: L220 - Housing

    If you are a representative of Nova-Ro 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.