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Rosemead Housing Development Corporation

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

EIN: 954369101 ✦ Rosemead, CA ✦ Designated as a 501(c)(3)

Overview

What is Rosemead Housing Development Corporation?

Rosemead Housing Development Corporation is a nonprofit organization situated in Rosemead, California, specifically at 8838 E Valley Boulevard. Its primary mission is to assist the city of Rosemead, supporting the city council in managing the construction, financing, and operations of affordable housing for low to moderate-income individuals. Central to their work is the maintenance of two senior housing facilities, Angelus and Garvey, ensuring that essential living arrangements are available for the elderly population in the community.


Is Rosemead Housing Development Corporation legitimate?

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

Mission Statement of Rosemead Housing Development Corporation

Rosemead Housing Development Corporation, a nonprofit organization, is committed to providing assistance to its namesake city. Specifically, its mission involves collaborating with the Rosemead City Council to oversee the construction, financing, and operations of low- to moderate-income housing. This corporation plays a crucial role in ensuring the availability of affordable housing options in the community, contributing to the overall well-being and stability of its residents.

Currently, Rosemead Housing Development Corporation manages two senior housing facilities: Angelus and Garvey. These facilities provide essential living spaces for senior citizens within the city, promoting a sense of community and support among their residents. By maintaining these facilities, the corporation not only ensures the availability of affordable housing but also contributes to the overall quality of life for the city's elderly population.

In summary, Rosemead Housing Development Corporation is dedicated to supporting its city by providing assistance in the development, financing, and operation of affordable housing, particularly for low- to moderate-income individuals. By managing senior housing facilities such as Angelus and Garvey, the corporation enhances the living conditions and sense of community for its city's elderly population.

Impact

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




Sunday, July 21, 2024

Rosemead Housing Development Corporation plays a vital role in providing assistance to the city of Rosemead by maintaining the Angelus and Garvey senior housing facilities. These facilities cater to low to moderate-income individuals, offering them affordable and safe housing options. The corporation's impact is significant as it addresses the housing needs of vulnerable populations in Rosemead, contributing to the overall well-being and stability of the community. By focusing on the construction, financing, and operations of housing for those in need, the corporation plays a crucial role in ensuring that residents have access to suitable living arrangements.





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: $7,981
  • Program Service Revenue: $474,233
  • Gross Receipts: $917,404

    • Assets and Liabilities:
  • Total Assets: $12,440,516
  • Total Liabilities: $5,793,324
  • Net Assets: $6,647,192
  • Programs

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

    RENTAL INCOME

    Revenue

    $474,233

    Organization Details

    Founding Year

    1992

    Principal Officer

    Polly Low

    Main Address

    8838 E VALLEY BOULEVARD, ROSEMEAD, CA, 91770

    NTEE Category

    Code: L220 - Housing

    If you are a representative of Rosemead Housing Development Corporation 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.