Pine Gardens I Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO PROVIDE DECENT, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS.
- Income
- $3.2 million
- Spending
- $3.7 million
- Spent on programs
- 88%
- Reserves
- -19.3 months of spending
- Largest source of income
- government grants, 70%
- Employees
- 0
- Volunteers
- 7
- Highest pay
- $154,726, cfo
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 34 out of 100. Higher than 11% of charities in its peer group (housing, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 119% of what it owns.
Living within its means
4 of 15Spending exceeded income by 13% of income.
Income trend
15 of 15Income rose 7% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 70 out of 100. Higher than 21% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $3.2 million spent. PINE GARDENS I, INC. SERVES AS THE GENERAL PARTNER IN 7 LIMITED PARTNERSHIPS THAT OWN 10 AFFORDABLE APARTMENT COMMUNITIES FOR FAMILIES WITH A TOTAL OF 232 UNITS. PINE GARDENS I, INC. ALSO SERVES AS THE LIMITED PARTNER IN A LIMITED PARTNERSHIP THAT OWNS 1 APARTMENT COMMUNITY FOR FAMILIES WITH A TOTAL OF 50 UNITS. PINE GARDENS I, INC. ALSO SERVES AS THE SOLE MEMBER OF CC SEABREEZE, LLC WHICH IS THE GENERAL PARTNER IN A LIMITED PARTNERSHIP THAT OWNS 2 AFFORDABLE APARTMENT COMMUNITIES FOR FAMILIES WITH A TOTAL OF 94 UNITS. PINE GARDENS I, INC. ALSO SERVES AS THE SOLE MEMBER OF CC SEAGULL VILLA, LLC WHICH IS THE GENERAL PARTNER IN A LIMITED PARTNERSHIP THAT OWNS 1 APARTMENT COMMUNITY WITH A TOTAL OF 50 UNITS FOR SENIORS. PINE GARDENS I, INC. ALSO SERVES AS THE SOLE MEMBER OF PINE GARDENS HOLDING 3, LLC WHICH OWNS 3 APARTMENT COMMUNITIES FOR SENIORS WITH A TOTAL OF 122 UNITS. IN THIS CAPACITY, PINE GARDENS I, INC. PROVIDES BENEFIT TO 376 FAMILIES AND 172 SENIORS.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending October 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1995.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.