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Santa Monica Christian Towers Inc

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

EIN: 952314391 ✦ Pasadena, CA ✦ Designated as a 501(c)(3)

Overview

What is Santa Monica Christian Towers Inc?

Santa Monica Christian Towers Inc is a nonprofit organization situated in Santa Monica, California. Established as a retirement home, it houses 163 units and is regulated by the U.S. Department of Housing and Urban Development (HUD) with regards to rent charges and operational methods. The primary programs run by the organization include Section 202 direct loans and Section 201 earthquake flexible subsidy program loans. Additionally, they also administer a Section 8 housing assistance payments program, which is a minor initiative. The primary mission of Santa Monica Christian Towers Inc is to provide affordable housing for individuals aged 62 or older, ensuring their social and physical well-being. The organization operates on a non-profit basis and employs a team of six individuals.


Is Santa Monica Christian Towers Inc legitimate?

Santa Monica Christian Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica Christian Towers 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: $288,680

For more financial information, click here


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

Mission Statement of Santa Monica Christian Towers Inc

Santa Monica Christian Towers Inc is a non-profit organization with a mission to provide affordable housing for individuals who are 62 years of age and older. Established and maintained as a retirement home, this project operates under Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). The project, Santa Monica Christian Towers, consists of 163 units located in Santa Monica, California. The primary programs of the organization include Section 202 direct loans, Section 201 Earthquake Flexible Subsidy Program loans, and Section 8 Housing Assistance Payments. These programs are designed to ensure the project operates on a non-profit basis, providing affordable housing to its elderly residents while adhering to HUD's regulations regarding rent charges and operating methods. Overall, Santa Monica Christian Towers Inc is dedicated to offering a comfortable and supportive living environment for seniors, enabling them to maintain their independence and well-being.

Impact

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




Sunday, July 21, 2024

Santa Monica Christian Towers Inc's impact lies in providing affordable housing for individuals aged 62 or older through its apartment complex located in Santa Monica, California. By offering a safe and supportive living environment for seniors, the organization plays a crucial role in promoting the social and physical welfare of this age group. Through its regulatory compliance with the U.S. Department of Housing and Urban Development, Santa Monica Christian Towers Inc ensures that residents have access to necessary resources and support systems, ultimately contributing to their overall well-being and quality of life.





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: $12,735
  • Program Service Revenue: $688,853
  • Gross Receipts: $2,712,762

    • Assets and Liabilities:
  • Total Assets: $6,756,770
  • Total Liabilities: $2,019,262
  • Net Assets: $4,737,508
  • Programs

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

    RENTAL INCOME

    Revenue

    $685,955

    PROGRAM INVESTMENT INCOME

    Revenue

    $2,898

    Organization Details

    Founding Year

    1985

    Principal Officer

    Bill Dawson

    Main Address

    PO BOX 7070, PASADENA, CA, 911097070

    NTEE Category

    Code: L210 - Housing

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