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Sherman Way Senior Citizen Housing Corp

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

EIN: 953866934 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Sherman Way Senior Citizen Housing Corp?

Sherman Way Senior Citizen Housing Corp is a California-based nonprofit organization, established to manage a 74-unit elderly housing project located in Van Nuys, California. The project commenced operations in December 1991, functioning under Section 202 of the National Housing Act. The organization has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development, which regulates the project's rental charges and operating methods. The primary focus of Sherman Way Senior Citizen Housing Corp is to provide a residential space for seniors in accordance with the agreed-upon guidelines.


Is Sherman Way Senior Citizen Housing Corp legitimate?

Sherman Way Senior Citizen Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sherman Way Senior Citizen Housing Corp 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 Sherman Way Senior Citizen Housing Corp?
Who is the CEO of Sherman Way Senior Citizen Housing Corp?
What is the revenue of Sherman Way Senior Citizen Housing Corp?
Who are the executives of Sherman Way Senior Citizen Housing Corp and what are their salaries?
Where can I find the form 990 for Sherman Way Senior Citizen Housing Corp?

Mission Statement of Sherman Way Senior Citizen Housing Corp

Sherman Way Senior Citizen Housing Corp was established as a nonprofit organization with a mission to provide a 74-unit rental housing project specifically for the elderly. This project was initiated in Van Nuys, California, and the corporation operates under Section 202 of the National Housing Act. The organization has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development, which governs the project's rental charges and operating methods. The primary objective of Sherman Way Senior Citizen Housing Corp is to offer a secure living environment for the elderly, ensuring that their needs are met in accordance with the regulations set by the U.S. Department of Housing and Urban Development.

Impact

This information is meant to be a general summary of Sherman Way Senior Citizen Housing Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Sunday, July 21, 2024

Sherman Way Senior Citizen Housing Corp's impact is significant as it provides affordable rental housing for elderly individuals in Van Nuys, California. By owning and operating a 74-unit housing project under Section 202 of the National Housing Act, the organization plays a crucial role in meeting the housing needs of senior citizens. Through a regulatory agreement with the U.S. Department of Housing and Urban Development, Sherman Way Senior Citizen Housing Corp ensures fair rental charges and maintains high operating standards for the benefit of its residents. This commitment to affordable housing for the elderly contributes positively to the community by addressing an important social need and enhancing the quality of life for senior citizens in the area.





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: $1,407
  • Program Service Revenue: $264,216
  • Gross Receipts: $1,389,097

    • Assets and Liabilities:
  • Total Assets: $5,028,964
  • Total Liabilities: $4,843,508
  • Net Assets: $185,456
  • Programs

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

    RENTAL INCOME

    Revenue

    $264,216

    Organization Details

    Founding Year

    1983

    Principal Officer

    Douglas Cope

    Main Address

    10991 W PICO BLVD, LOS ANGELES, CA, 90064

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Sherman Way Senior Citizen Housing Corp 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.