Founded in 1865 in London, the Salvation Army has an unusual, quasi-military structure and a highly religious mission. Nationwide, it valued its real estate holdings at about $4 billion in 2008 - one-third of its total assets.įor more than a century, the Salvation Army has provided a vast social-service safety net throughout the world, offering food for the homeless, shelter for the abused and relief for disaster victims. In Los Angeles and Orange counties alone, the charity owns 87 homes and condominiums worth about $52 million. It serves more than 69 million meals a year to the needy, houses thousands of the nation’s homeless and provides ready response to worldwide disasters - most recently in Haiti. They are among dozens of the charity’s officers in Southern California who are paid modest salaries but given rent-free housing - some in high-priced communities such as Rancho Palos Verdes, Seal Beach and Santa Monica.īest known for its red-kettle holiday bell ringers, the Salvation Army is one of the nation’s largest charities. He and his wife, Dina, are career Salvation Army officers who bring home $25,000 per year - combined. Graciani is not a high-paid executive returning to a beach retreat. After work, he makes a quick drive to the $1.3-million Santa Monica home he shares with his wife and three children. By day, Henry Graciani oversees a 54-bed treatment center for alcoholics and drug addicts who come to him broke and hopeless.
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