Overview
What is Winter Valley Residences Inc?
Winter Valley Residences Inc, located in Milton, Massachusetts, is a nonprofit organization that focuses on catering to the needs of the elderly, aged, and handicapped individuals. Situated at 600 Canton Avenue, this organization operates under Section 207 of the National Housing Act and Section 8 of the U.S. Housing Act. During the year, it provides housing facilities, maintaining 144 independent living units and 16 assisted living units to ensure the comfort and care for its residents. The primary mission of Winter Valley Residences Inc is to enhance the well-being and preserve the dignity of seniors living in Milton and its surrounding communities by offering housing and supportive services.
Official website here: www.mreinc.org/winter.html
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Winter Valley Residences Inc has received a two-star rating from Charity Navigator, indicating it is in need of improvement. With an overall score of 69%, the organization demonstrates a strong commitment to independent governance, as evidenced by its 100% independent board members and effective oversight of financial statements. Additionally, the program expense ratio is commendable at 88.40%, highlighting that a significant portion of expenses is directed towards its programs.
However, there are notable areas for concern that impact the overall rating. The organization lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy, which are critical for transparency and accountability. Furthermore, the liabilities to assets ratio is concerning at 144.46%, suggesting potential financial instability that could affect its operations.
Overall, while Winter Valley Residences Inc shows promise through its strong program expense ratio and governance, the absence of key policies and high liabilities warrant attention and improvements to enhance its accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Winter Valley Residences Inc legitimate?
Winter Valley Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winter Valley Residences 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.
Heare are some key statistics you may want to consider:
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Official website here: www.mreinc.org/winter.html
What is the mission statement of Winter Valley Residences Inc?
Winter Valley Residences Inc's mission is to cater to the needs of seniors in various communities by offering housing and essential services. This is carried out with sensitivity and care, ensuring the seniors' well-being and preserving their dignity. The organization operates housing facilities, providing 144 independent living units and 16 assisted living units annually, as per the National Housing Act and the U.S. Housing Act. Their goal is to create an environment where seniors can live with comfort and respect.
Official website here: www.mreinc.org/winter.html
Who is the CEO of Winter Valley Residences Inc?
W Paul Needham is the President of Winter Valley Residences Inc.
Official website here: www.mreinc.org/winter.html
What is the revenue of Winter Valley Residences Inc?
Winter Valley Residences Inc's revenue in 2022 was $3,707,352.
Official website here: www.mreinc.org/winter.html
Who are the executives of Winter Valley Residences Inc and what are their salaries?
There 15 volunteers at Winter Valley Residences Inc.
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Official website here: www.mreinc.org/winter.html
Where can I find the form 990 for Winter Valley Residences Inc?
Winter Valley Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mreinc.org/winter.html
Learn more at the official website: www.mreinc.org/winter.html
Mission Statement of Winter Valley Residences Inc
Winter Valley Residences Inc is committed to addressing the needs of seniors residing in various communities, with a particular focus on Milton and its surroundings. Their mission is to provide housing and essential services to this demographic, demonstrating sensitivity and care to ensure their well-being and preserve their dignity. The organization operates housing facilities, adhering to regulations under Section 207 of the National Housing Act and Section 8 of the U.S. Housing Act. During the year, Winter Valley Residences Inc houses and accommodates 144 independent living units and 16 assisted living units, catering to the elderly, aged, and handicapped individuals, thereby offering them a safe and comfortable living environment.
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Impact
July, 2024
Winter Valley Residences Inc impacts seniors in Milton and surrounding communities by providing housing and services that cater specifically to their needs. Through the operation of housing facilities with a total of 160 units, including independent living and assisted living units, Winter Valley Residences Inc ensures that elderly, aged, and handicapped individuals have access to a safe and supportive living environment. This organization's mission is not only to provide housing but also to maintain the well-being and dignity of seniors through sensitive and caring services. Their focus on addressing the unique needs of this demographic group contributes positively to the quality of life for seniors in the area.
This information is meant to be a general summary of Winter Valley Residences Inc. 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 2022.
- Investment Income: $2,141
- Program Service Revenue: $3,705,211
- Gross Receipts: $3,707,352
Assets and Liabilities:
- Total Assets: $15,634,471
- Total Liabilities: $22,585,768
- Net Assets: -$6,951,297
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,695,973
LAUNDRY INCOME
Revenue
$9,238
Organization Details
Founding Year
1977
Phone
(617) 698-3005Principal Officer
W Paul Needham
Main Address
600 CANTON AVENUE, MILTON, MA, 02186
Website
www.mreinc.org/winter.htmlNTEE Category
Code: L21Z - Housing
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