Overview
What is Lamoille Area Housing Corporation Copley Terrace Project?
The Lamoille Area Housing Corporation Copley Terrace Project is a nonprofit organization situated in Morrisville, Vermont. Their primary mission is to offer housing facilities and services specifically tailored to cater to the needs of low-income elderly individuals and those with disabilities. This endeavor aims to promote their health, security, happiness, and independence in their later years. The project is funded through subsidies from the US Department of Housing and Urban Development, under Section 8 and 202 of the National Housing Act. The organization operates as the lessor of a 38-unit apartment project, providing subsidized elderly housing. With a modest workforce of just two individuals, they strive to provide a living environment that enhances the well-being and independence of their residents.
Official website here: www.copleyvt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Lamoille Area Housing Corporation Copley Terrace Project holds a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The score is a testament to the organization's adherence to transparency and sound financial practices, as indicated by its perfect scores in multiple governance categories, including an independent board and thorough audit processes.
The organization showcases a robust framework with a majority of independent board members and a comprehensive set of policies, such as conflict of interest and whistleblower protections. Program expenses make up a significant portion of their expenditures, demonstrating a commitment to its mission of providing housing solutions. The liabilities to assets ratio of 43.37% further highlights the financial stability and effective management of resources.
While the rating underscores the strengths of the organization, it is essential for potential donors and stakeholders to remain informed about ongoing operations and community impact. Overall, the Lamoille Area Housing Corporation's financial practices and governance structure contribute positively to its reputation as a reliable nonprofit in the housing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lamoille Area Housing Corporation Copley Terrace Project legitimate?
Lamoille Area Housing Corporation Copley Terrace Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lamoille Area Housing Corporation Copley Terrace Project 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,427
For more financial information, click here
Official website here: www.copleyvt.org
What is the mission statement of Lamoille Area Housing Corporation Copley Terrace Project?
The Lamoille Area Housing Corporation's Copley Terrace Project is dedicated to providing housing facilities and services tailored to the needs of low-income elderly individuals and those with disabilities. The project aims to enhance their health security, happiness, and independence for an extended period. These services are subsidized by the United States Department of Housing and Urban Development under Section 8 and 202 of the National Housing Act. The project's mission is to promote their well-being and overall quality of life, enabling them to live as independently as possible.
Official website here: www.copleyvt.org
Who is the CEO of Lamoille Area Housing Corporation Copley Terrace Project?
Joseph Woodin is the CEO of Lamoille Area Housing Corporation Copley Terrace Project The CEO's salary of Lamoille Area Housing Corporation Copley Terrace Project is $0 and their total compensation is $640,163.
Official website here: www.copleyvt.org
What is the revenue of Lamoille Area Housing Corporation Copley Terrace Project?
Lamoille Area Housing Corporation Copley Terrace Project's revenue in 2023 was $616,331.
Official website here: www.copleyvt.org
Who are the executives of Lamoille Area Housing Corporation Copley Terrace Project and what are their salaries?
The average compensation at Lamoille Area Housing Corporation Copley Terrace Project during 2023 was $55,214. There are 2 employees and 18 volunteers at Lamoille Area Housing Corporation Copley Terrace Project.
Here are 23 key members and their salaries (Lamoille Area Housing Corporation Copley Terrace Project's CEO's salary is $0 and their total compensation is $640,163):
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- Related: $611,117
- Other: $29,046
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- Other: $42,676
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- Related: $255,919
- Other: $11,385
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- Related: $191,381
- Other: $31,811
- Compensation: $0
- Related: $198,828
- Other: $45,650
Official website here: www.copleyvt.org
Where can I find the form 990 for Lamoille Area Housing Corporation Copley Terrace Project?
Lamoille Area Housing Corporation Copley Terrace Project's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.copleyvt.org
Learn more at the official website: www.copleyvt.org
Mission Statement of Lamoille Area Housing Corporation Copley Terrace Project
Lamoille Area Housing Corporation Copley Terrace Project is dedicated to providing subsidized housing for low-income elderly individuals and those with disabilities. The organization's mission is to create housing facilities and services specifically designed to cater to their unique needs, promoting their health, security, happiness, and independence for a longer period. These services are subsidized by the U.S. Department of Housing and Urban Development under Section 8 and 202 of the National Housing Act. The project aims to enhance the quality of life for these individuals, fostering an environment that encourages their well-being and self-sufficiency.
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Impact
July, 2024
The Lamoille Area Housing Corporation Copley Terrace Project's impact is significant in providing subsidized housing for low-income elderly and handicapped individuals in Morrisville, VT. This project offers essential housing facilities and services tailored to meet the unique needs of this vulnerable population. By promoting health, security, happiness, and independence, the project enhances the quality of life for its residents. Through subsidies from the US Department of Housing and Urban Development, the project ensures that these individuals have access to affordable housing options. Overall, the Copley Terrace Project plays a crucial role in supporting the well-being and independence of low-income elderly and handicapped individuals in the community.
This information is meant to be a general summary of Lamoille Area Housing Corporation Copley Terrace Project. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $1,149
- Program Service Revenue: $615,182
- Gross Receipts: $616,331
Assets and Liabilities:
- Total Assets: $838,593
- Total Liabilities: $227,075
- Net Assets: $611,518
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$614,525
OTHER REVENUE
Revenue
$657
Organization Details
Founding Year
1978
Principal Officer
Joseph Woodin
Website
www.copleyvt.orgNTEE Category
Code: L20 - Housing
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