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Many Mansions

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

EIN: 953424516 ✦ Thousand oaks, CA ✦ Designated as a 501(c)(3)

Overview

What is Many Mansions?

Many Mansions is a nonprofit organization committed to providing affordable housing and enriching services to low, very low, and extremely low-income individuals and families residing in Ventura County, Los Angeles County, and surrounding areas. The organization manages and owns 25 affordable housing rental complexes, consisting of 1,007 units. Their mission extends beyond just housing, as they also offer services such as homework tutoring, summer camps, school support, case management, job development, and life skills training to their residents. With a focus on promoting well-managed and safe housing, Many Mansions aims to enhance the lives of its limited-income residents in the Conejo Valley, Ventura County, Los Angeles County, and their surrounding communities.


Official website here: www.manymansions.org

Is Many Mansions legitimate?

Many Mansions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Many Mansions 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: $1,474,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,817,333

For more financial information, click here


Official website here: www.manymansions.org

What is the mission statement of Many Mansions?

Many Mansions' mission is focused on promoting and providing affordable housing for individuals with low income, enriching their lives through on-site services. Specifically, the organization aims to offer safe, well-managed housing to limited income residents in various communities, including those in Conejo Valley, Ventura County, Los Angeles County, and their surrounding areas. To accomplish this, Many Mansions develops, manages, and owns affordable housing complexes, currently consisting of 1,007 units. In addition to offering housing, the organization provides essential services to its residents, such as homework tutoring, summer camp, school support, case management, job development, and life skills training.


Official website here: www.manymansions.org

Who is the CEO of Many Mansions?

Rick Schroeder is the Chairperson of Many Mansions.


Official website here: www.manymansions.org

What is the revenue of Many Mansions?

Many Mansions's revenue in 2023 was $9,935,451.


Official website here: www.manymansions.org

Who are the executives of Many Mansions and what are their salaries?

The average compensation at Many Mansions during 2023 was $52,914. There are 100 employees and 468 volunteers at Many Mansions.

Here are 24 key members and their salaries:

    Alex Russell (Chief Operating Officer)
  • Compensation: $221,149
  • Related: $0
  • Other: $0

    • Rick Schroeder (President)
  • Compensation: $214,631
  • Related: $0
  • Other: $0

    • Doug Menges (Executive Vp)
  • Compensation: $170,763
  • Related: $0
  • Other: $0

    • Tim Harrington (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Perry (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Francis Adarkwa (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Skyler Wolpert (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Barnum (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Cass (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Claudia Cortez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mario Diaz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Dick Hus (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Ingram (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Kitzman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Kozal (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maddux John (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mackenzie Mazen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marselian Zareh (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sr Lisa Megaffin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Moravec (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Palao Da Costa (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Petry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tina Marie Secrease (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Soltow (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.manymansions.org

    Where can I find the form 990 for Many Mansions?

    The Many Mansions’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.manymansions.org

    Learn more at the official website: www.manymansions.org

    Mission Statement of Many Mansions

    Many Mansions, a nonprofit organization, is committed to promoting and providing affordable housing for individuals and families with low incomes, alongside enriching services. Their mission is to ensure the availability of safe, well-managed housing for limited income residents in various communities, including those in Ventura County, Los Angeles County, and their surrounding areas. To accomplish this, Many Mansions develops, acquires, rehabilitates, and constructs affordable housing complexes, currently managing and owning 25 such properties with a total of 1,007 units.

    Beyond providing affordable housing, Many Mansions offers a range of life-enriching services to its residents. These services include homework tutoring, summer camps, school support, case management, job development, and life skills workshops. Many Mansions is dedicated to supporting its community members in various aspects of their lives, aiming to empower them to improve their circumstances and achieve greater self-sufficiency. By providing both housing and supportive services, Many Mansions aims to create a positive impact on the lives of those in need, promoting stability and opportunity for low, very low, and extremely low income individuals and families.

    Impact

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




    Sunday, July 21, 2024

    Many Mansions has a significant impact on the communities it serves by promoting and providing affordable housing for low-income residents with life-enriching services. The organization's mission to offer safe and well-managed housing, along with on-site support services, addresses a critical need for individuals and families struggling to find suitable accommodation. By developing, managing, and owning affordable housing properties, Many Mansions has created a positive impact on the lives of over 1,000 individuals through its 25 rental complexes. Additionally, the organization's provision of services such as homework tutoring, summer camps, school support, case management, job development, and life skills training further enhances the well-being and success of its residents. Through its dedicated efforts in Ventura County, Los Angeles County, and surrounding areas, Many Mansions plays a crucial role in improving the quality of life for those in need of affordable housing and support services.





    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: $351,732
  • Program Service Revenue: $6,202,505
  • Gross Receipts: $9,953,498

    • Assets and Liabilities:
  • Total Assets: $53,496,317
  • Total Liabilities: $35,428,585
  • Net Assets: $18,067,732
  • Programs

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

    DEVELOPER FEES

    Revenue

    $3,644,067

    RENTAL INCOME

    Revenue

    $1,849,986

    HOUSING SERVICE FEES

    Revenue

    $633,262

    RESIDENT AND SOCIAL SERVICE FEES

    Revenue

    $75,190

    Organization Details

    Founding Year

    1979

    Principal Officer

    Rick Schroeder

    Main Address

    1259 E THOUSAND OAKS BLVD, THOUSAND OAKS, CA, 91362

    NTEE Category

    Code: L210 - Housing

    If you are a representative of Many Mansions 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.