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Verdugo Tower Inc

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

EIN: 954401836 ✦ Pasadena, CA ✦ Designated as a 501(c)(3)

Overview

What is Verdugo Tower Inc?

Verdugo Tower Inc is a nonprofit organization situated in Pasadena, California. Primarily, their mission is to provide affordable housing for elderly and handicapped individuals, ensuring they live with dignity and comfort. The U.S. Department of HUD oversees and regulates their operations. To further support residents, Verdugo Tower Inc offers a coin-operated laundry facility to cater to their daily needs. Currently, the organization is managed by a team of nine dedicated employees.


Is Verdugo Tower Inc legitimate?

Verdugo Tower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verdugo Tower 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: $228,488

For more financial information, click here


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

Mission Statement of Verdugo Tower Inc

Verdugo Tower Inc, a non-profit organization, is committed to providing low-income housing for elderly and handicapped individuals. This mission is carried out through the operation of an apartment complex, which serves as a residence for those who meet the specified income requirements and have either age-related or disability-related needs. The operations of Verdugo Tower Inc are regulated and overseen by the U.S. Department of HUD, ensuring that the organization adheres to strict standards of care and living conditions. To further cater to the needs of its residents, Verdugo Tower Inc provides a coin-operated laundry facility, offering a convenient and accessible service for its inhabitants.

Impact

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




Sunday, July 21, 2024

Verdugo Tower Inc's impact is centered around providing essential low-income housing to elderly and handicapped individuals in Pasadena, CA. By offering affordable rental housing that is specifically tailored to meet the needs of this vulnerable population, Verdugo Tower Inc plays a crucial role in ensuring that these individuals have a safe and stable place to call home. Through its mission of providing low-income housing, the organization addresses a pressing societal need and contributes to creating a more inclusive and supportive community for elderly and handicapped individuals.





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: $2,256
  • Program Service Revenue: $462,097
  • Gross Receipts: $1,453,285

    • Assets and Liabilities:
  • Total Assets: $5,170,847
  • Total Liabilities: $93,974
  • Net Assets: $5,076,873
  • Programs

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

    RENT

    Revenue

    $457,584

    LAUNDRY & VENDING

    Revenue

    $4,513

    Organization Details

    Founding Year

    1982

    Principal Officer

    Elvan Moen

    Main Address

    PO BOX 7070, PASADENA, CA, 911097070

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Verdugo Tower Inc 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.