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Adams Senior Citizen Housing Corporation

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

EIN: 954527341 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Adams Senior Citizen Housing Corporation?

Adams Senior Citizen Housing Corporation is a California-based nonprofit organization established to oversee a 75-unit rental housing project specifically designed for the very low-income elderly population residing in Los Angeles, California. The project, which commenced operations in February 1999, operates under Section 202 of the National Housing Act. The U.S. Department of Housing and Urban Development (HUD) has entered into a regulatory agreement with the corporation, governing the project's rental charges and operating methods to ensure its purpose is served effectively. The nonprofit's mission is to provide affordable housing to the elderly, contributing to the welfare of the community by addressing the housing needs of this demographic.


Is Adams Senior Citizen Housing Corporation legitimate?

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

Mission Statement of Adams Senior Citizen Housing Corporation

Adams Senior Citizen Housing Corporation, a California-based nonprofit organization, was established with a mission to provide affordable housing for the very low-income elderly population. Operating under Section 202 of the National Housing Act, the corporation took on the challenge of managing a 75-unit rental housing project in Los Angeles, California. The project commenced operations in February 1999, and a regulatory agreement was established with the U.S. Department of Housing and Urban Development, which outlines the project's operational methods and rental charges. The corporation's mission is to ensure that the elderly residents of its housing project are provided with a secure and comfortable living environment, adhering to the regulations set forth by the U.S. Department of Housing and Urban Development.

Impact

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




Sunday, July 21, 2024

Adams Senior Citizen Housing Corporation has a significant impact on the community by providing a 75-unit rental housing project for very low-income elderly individuals in Los Angeles, California. Since its operations began in February 1999, the corporation has been instrumental in addressing the housing needs of this vulnerable population. By owning and operating this housing project under Section 202 of the National Housing Act, Adams Senior Citizen Housing Corporation ensures that elderly residents have access to affordable and safe housing. The regulatory agreement with the U.S. Department of Housing and Urban Development governs the project's operations, including rental charges and operating methods, further establishing the corporation's commitment to serving the elderly in need.





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: $84
  • Program Service Revenue: $284,351
  • Gross Receipts: $716,631

    • Assets and Liabilities:
  • Total Assets: $2,234,408
  • Total Liabilities: $67,636
  • Net Assets: $2,166,772
  • Programs

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

    RENTAL INCOME

    Revenue

    $284,351

    Organization Details

    Founding Year

    1995

    Principal Officer

    Douglas J Cope

    Main Address

    10991 W PICO BLVD, LOS ANGELES, CA, 90064

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Adams Senior Citizen Housing 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.