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Menorah Terrace

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

EIN: 953733705 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Menorah Terrace?

Menorah Terrace is a California-based nonprofit corporation, established in 1983. Its primary mission is to operate a 39-unit housing project, specifically catering to the needs of elderly individuals with low income, situated in Los Angeles, California. The project received financial support through a mortgage from the California Housing Finance Agency. Regulated under a Housing Assistance Payments Contract with the Department of Housing and Urban Development (HUD), Menorah Terrace manages various aspects such as rent adjustments, operating methods, and other related matters, ensuring the well-being of its residents.


Is Menorah Terrace legitimate?

Menorah Terrace is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menorah Terrace 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: $0

For more financial information, click here


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

Mission Statement of Menorah Terrace

Menorah Terrace, a California-based non-profit corporation, was established with a mission to manage a 39-unit rental housing project catering to very low-income elderly individuals. The project commenced operations in January 1983, with financial backing from the California Housing Finance Agency. Menorah Terrace operates under the regulations set by a Housing Assistance Payments Contract with the HUD, which includes guidelines on rent modifications, operational procedures, and various other aspects. The project's primary objective is to provide affordable housing and a supportive environment for its elderly residents.

Impact

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




Sunday, July 21, 2024

Menorah Terrace has had a significant impact by providing affordable housing for very low-income elderly individuals in Los Angeles since 1983. Through its 39-unit rental housing project, Menorah Terrace has enabled elderly residents to have a safe and comfortable place to call home. By partnering with the California Housing Finance Agency and operating under a Housing Assistance Payments contract with HUD, Menorah Terrace ensures that its residents have access to stable housing and necessary support services. This organization plays a crucial role in addressing the housing needs of vulnerable elderly individuals in the community, promoting their 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: $179
  • Program Service Revenue: $158,196
  • Gross Receipts: $930,407

    • Assets and Liabilities:
  • Total Assets: $2,935,552
  • Total Liabilities: $185,808
  • Net Assets: $2,749,744
  • Programs

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

    RENTAL INCOME

    Revenue

    $158,196

    Organization Details

    Founding Year

    1983

    Principal Officer

    Douglas Cope

    Main Address

    10991 W PICO BLVD, LOS ANGELES, CA, 90064

    NTEE Category

    Code: L22Z - Housing

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