AI Summary
Sherman Way Senior Citizen Housing Corp is a California nonprofit organization dedicated to providing affordable rental housing for the elderly through its 74-unit project located in Van Nuys. Established in December 1991 and operating under Section 202 of the National Housing Act, the organization has an operating budget of $1.2 million and reported total revenue of $1.5 million for the 2025 filing year. The corporation adheres to a regulatory agreement with the U.S. Department of Housing and Urban Development, ensuring compliance with rental and operational guidelines.
Mission Statement
SHERMAN WAY SENIOR CITIZEN HOUSING CORPORATION, A CALIFORNIA NONPROFIT CORPORATION, WAS FORMED TO OWN A 74-UNIT RENTAL HOUSING PROJECT FOR THE ELDERLY LOCATED IN VAN NUYS, CALIFORNIA. THE OPERATIONS OF THE PROJECT BEGAN DECEMBER 1991. THE CORPORATION IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.
Cause Areas
1
Retirement housing
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is SHERMAN WAY SENIOR CITIZEN HOUSING CORP’s budget?
In 2025, SHERMAN WAY SENIOR CITIZEN HOUSING CORP reported an annual operating budget of around $1.2 million. More detailed financial information is available to registered users.
What causes does SHERMAN WAY SENIOR CITIZEN HOUSING CORP support?
SHERMAN WAY SENIOR CITIZEN HOUSING CORP supports work in Retirement housing.
Where does SHERMAN WAY SENIOR CITIZEN HOUSING CORP operate?
SHERMAN WAY SENIOR CITIZEN HOUSING CORP is headquartered in Los Angeles, CA.
What is SHERMAN WAY SENIOR CITIZEN HOUSING CORP’s reliance on government grants?
SHERMAN WAY SENIOR CITIZEN HOUSING CORP relied on government grants for more than 75% of their total revenue in 2025.