Savo Island Cooperative Homes Inc Dba Savo Island

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

EIN: 942687767 ✦ Berkeley, CA ✦ Designated as a 501(c)(3)

Overview

What is Savo Island Cooperative Homes Inc Dba Savo Island?

Savo Island Cooperative Homes Inc, doing business as Savo Island, is a nonprofit organization situated in Berkeley, California. Their primary objective is to offer cooperative housing opportunities for families with low and moderate incomes. The U.S. Department of Housing and Urban Development oversees their operations and rental charges, ensuring they adhere to specific standards. The 57-unit apartment complex they manage is a vital resource in the community, providing affordable housing options for numerous households.


Is Savo Island Cooperative Homes Inc Dba Savo Island legitimate?

Savo Island Cooperative Homes Inc Dba Savo Island is a legitimate nonprofit organization registered as a 501(c)(3) entity. Savo Island Cooperative Homes Inc Dba Savo Island 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: $153,430

For more financial information, click here


What is the mission statement of Savo Island Cooperative Homes Inc Dba Savo Island?
Who is the CEO of Savo Island Cooperative Homes Inc Dba Savo Island?
What is the revenue of Savo Island Cooperative Homes Inc Dba Savo Island?
Who are the executives of Savo Island Cooperative Homes Inc Dba Savo Island and what are their salaries?
Where can I find the form 990 for Savo Island Cooperative Homes Inc Dba Savo Island?

Mission Statement of Savo Island Cooperative Homes Inc Dba Savo Island

Savo Island Cooperative Homes Inc, commonly known as Savo Island, is dedicated to providing cooperative housing solutions for families and households with moderate to low income levels. Their mission, in essence, is to create an environment where individuals from these income brackets can secure affordable living spaces. This nonprofit organization operates a 57-unit cooperative apartment complex, ensuring that the needs of its residents are met in accordance with regulations set by the U.S. Department of Housing and Urban Development, which oversees rent charges and operational methods. By providing these housing solutions, Savo Island Cooperative Homes Inc contributes to the betterment of its community, enabling individuals and families to focus on other aspects of their lives while having a stable and affordable living situation.

Impact

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




Sunday, July 21, 2024

Savo Island Cooperative Homes Inc Dba Savo Island's impact lies in its provision of cooperative housing for low and moderate-income households in Berkeley, CA. By operating a 57-unit cooperative apartment complex, Savo Island offers affordable housing options in a city where housing costs can be prohibitive for many individuals and families. Through its mission to provide cooperative housing, Savo Island contributes to addressing the housing needs of the community and helps ensure that low and moderate-income households have access to stable and affordable housing options.





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: $451
  • Program Service Revenue: $522,656
  • Gross Receipts: $4,183,960

    • Assets and Liabilities:
  • Total Assets: $9,594,982
  • Total Liabilities: $6,501,000
  • Net Assets: $3,093,982
  • Programs

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

    TENANT RENTS

    Revenue

    $522,656

    Organization Details

    Founding Year

    1978

    Principal Officer

    Stacy Bell

    Main Address

    2017 STUART STREET, BERKELEY, CA, 947032237

    NTEE Category

    Code: L21 - Housing

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