Overview
What is Telacu Housing-Monterey Park Inc?
Telacu Housing-Monterey Park Inc is a California-based nonprofit organization, established in accordance with the state's not-for-profit statutes. Its primary purpose is to manage a 67-unit housing project named Telacu Monterey Park Plaza, situated in Monterey Park, California. This project provides affordable housing for low-income elderly individuals. The organization receives financial assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, to support its operations. Telacu Housing-Monterey Park Inc plays a significant role in catering to the housing needs of the elderly population in the area, thereby contributing to the community's social welfare.
Is Telacu Housing-Monterey Park Inc legitimate?
Telacu Housing-Monterey Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Telacu Housing-Monterey Park 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: $0
For more financial information, click here
What is the mission statement of Telacu Housing-Monterey Park Inc?
Telacu Housing-Monterey Park Inc is a not-for-profit corporation established under the guidelines of California's not-for-profit laws. Its primary objective is to manage a 67-unit housing project named Telacu Monterey Park Plaza, located in an unspecified city in California. The project is designed to provide affordable housing for low-income elderly individuals. Telacu Housing-Monterey Park Inc receives financial assistance from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act, to support this initiative. The organization's mission, thereby, revolves around providing affordable housing options for the elderly with limited income.
Who is the CEO of Telacu Housing-Monterey Park Inc?
Michael Lizarraga is the Principal Officer of Telacu Housing-Monterey Park Inc.
What is the revenue of Telacu Housing-Monterey Park Inc?
Telacu Housing-Monterey Park Inc's revenue in 2022 was $692,570.
Who are the executives of Telacu Housing-Monterey Park Inc and what are their salaries?
- Michael D Lizarraga (President) [Trustee/Director]
- Paul Samuel (Secretary) [Trustee/Director]
- Tom Provencio (Vice President & Treasurer) [Trustee/Director]
- James Hodges (Director)
- Jose Elizondo (Director)
- Alex Sotomayor (Director)
Where can I find the form 990 for Telacu Housing-Monterey Park Inc?
The Telacu Housing-Monterey Park Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Telacu Housing-Monterey Park Inc
Telacu Housing-Monterey Park Inc, established in accordance with California's not-for-profit statutes, serves a significant purpose. This organization was formed with the intent to manage a 67-unit housing project, named Telacu Monterey Park Plaza, situated in Monterey Park, California. The project's primary focus is to provide affordable housing for low-income elderly individuals. Telacu Housing-Monterey Park Inc receives financial assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which has been amended. This support enables the organization to fulfill its mission of providing a safe and comfortable living space for the elderly, who are often in need of such assistance.
Impact
This information is meant to be a general summary of Telacu Housing-Monterey Park Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Telacu Housing-Monterey Park Inc's impact lies in providing essential affordable housing for low-income elderly persons in Monterey Park, California. By operating the Telacu Monterey Park Plaza, a 67-unit housing project, the organization ensures that vulnerable individuals have a safe and supportive environment to call home. Through its receipt of housing assistance payments from the U.S. Department of Housing and Urban Development, Telacu Housing-Monterey Park Inc plays a crucial role in addressing the housing needs of this underserved demographic. Their work not only provides much-needed shelter but also fosters a sense of community and security for those in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$222,881
Organization Details
Founding Year
1995
Phone
(323) 721-1655
Principal Officer
Michael Lizarraga
Main Address
5400 E OLYMPIC BLVD 300, LOS ANGELES, CA, 90022
NTEE Category
Code: L80Z - Housing
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