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Century Affordable Development Inc

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

EIN: 954648166 ✦ Culver city, CA ✦ Designated as a 501(c)(3)

Overview

What is Century Affordable Development Inc?

Century Affordable Development Inc is a nonprofit organization situated in Culver City, California, specifically at 1000 Corporate Pointe Suite 200. Their primary mission involves the acquisition and development of real property to ensure affordable housing options. Over the years, they have been actively engaged in buying and selling properties to maintain this essential service. Their work plays a significant role in providing affordable housing solutions within their community.


Is Century Affordable Development Inc legitimate?

Century Affordable Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Century Affordable Development 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: $2,326,256

For more financial information, click here


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

Mission Statement of Century Affordable Development Inc

Century Affordable Development Inc, as its name suggests, is dedicated to an important mission. This mission revolves around the acquisition and development of real estate properties with the primary objective of providing affordable housing. The organization's activities are centered around purchasing and selling properties to ensure the continuation of affordable housing options, thereby contributing to the well-being of the community. By acquiring and developing real property, Century Affordable Development Inc plays a crucial role in making housing more accessible and affordable for individuals and families who might otherwise struggle with high housing costs.

Impact

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




Sunday, July 21, 2024

Century Affordable Development Inc's impact is significant in providing affordable housing solutions in Culver City, California. Through its mission to acquire and develop real property as affordable housing, the organization has successfully acquired and sold properties to maintain affordability in the housing market. This has directly contributed to addressing the pressing issue of housing affordability in the region, ensuring that individuals and families have access to safe and sustainable housing options.





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: $300,284
  • Program Service Revenue: $3,963,510
  • Gross Receipts: $4,263,794

    • Assets and Liabilities:
  • Total Assets: $55,057,977
  • Total Liabilities: $8,977,610
  • Net Assets: $46,080,367
  • Programs

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

    DEVELOPER FEE INCOME

    Revenue

    $3,800,204

    GROSS POTENTIAL RENT -

    Revenue

    $112,724

    OTHER INCOME

    Revenue

    $37,035

    MANAGEMENT FEE

    Revenue

    $13,547

    Organization Details

    Founding Year

    1996

    Principal Officer

    Brian Dandrea

    Main Address

    1000 CORPORATE POINTE SUITE 200, CULVER CITY, CA, 90230

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Century Affordable Development 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.