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Telacu Residential Management Inc

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

EIN: 954524072 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Telacu Residential Management Inc?

Telacu Residential Management Inc is a distinguished nonprofit organization located in Los Angeles, California. Their primary mission is to manage housing projects for low-income individuals, specifically those who are disabled and elderly. They operate under Section 202 of the National Housing Act and have received certification from the U.S. Department of Housing and Urban Development (HUD) to manage multifamily housing projects. This certification allows them to provide essential housing solutions for vulnerable populations. With a dedicated workforce of 178 individuals, Telacu Residential Management Inc continues its mission to improve living conditions and promote independence for these communities.


Is Telacu Residential Management Inc legitimate?

Telacu Residential Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Residential Management 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: $267,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,662,310

For more financial information, click here


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

Mission Statement of Telacu Residential Management Inc

Telacu Residential Management Inc is dedicated to managing housing projects that cater to the needs of low-income elderly and disabled individuals. This mission is in line with Section 202 of the National Housing Act, which the corporation has been certified to administer by the U.S. Department of Housing and Urban Development. The corporation's role involves overseeing multifamily housing projects specifically designed for this vulnerable population, ensuring they receive suitable living conditions. Telacu Residential Management Inc's commitment to this cause is evident in its certification by the U.S. Department of Housing and Urban Development, demonstrating its expertise and dedication to this critical area of service.

Impact

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




Sunday, July 21, 2024

Telacu Residential Management Inc's impact lies in its crucial role in managing projects related to low-income housing for the disabled and elderly, specifically HUD projects under Section 202 of the National Housing Act. By receiving certification for the management of multifamily housing projects from the U.S. Department of Housing and Urban Development, Telacu Residential Management Inc plays a significant part in providing affordable and accessible housing options for vulnerable populations in Los Angeles, CA, and beyond. The organization's mission to facilitate housing opportunities for those in need ultimately contributes to improving the quality of life and promoting social equity within the community.





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: $1,202
  • Program Service Revenue: $4,314,845
  • Gross Receipts: $5,802,034

    • Assets and Liabilities:
  • Total Assets: $3,790,287
  • Total Liabilities: $567,389
  • Net Assets: $3,222,898
  • Programs

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

    PROG.SERV.REVENUE-RELA

    Revenue

    $4,314,845

    Organization Details

    Founding Year

    1995

    Principal Officer

    Jasmine Borrego

    Main Address

    5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 900225187

    NTEE Category

    Code: L022 - Housing

    If you are a representative of Telacu Residential Management 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.