Overview
What is Vinfen Corporation Of Larchmont Inc?
Vinfen Corporation of Larchmont Inc, located in Cambridge, Massachusetts, is a nonprofit organization committed to providing housing for low-income individuals with disabilities. The organization operates on a non-profit basis, aiming to maintain and operate a specially designed environment that caters to their unique needs. This environment is intended to promote their health, happiness, and overall security. The mission of Vinfen Corporation of Larchmont Inc is to create a supportive living space that fosters well-being and security for these individuals.
Official website here: www.vinfen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 72%)
Vinfen Corporation Of Larchmont Inc has received a two-star rating, indicating that while it demonstrates some strengths, there are significant areas needing attention. Notably, it scored well in areas such as the majority of independent board members and the absence of material diversion of assets, which speak to its accountability and financial integrity.
However, the organization faces challenges, particularly in its liabilities to assets ratio, which is significantly high at 163.22%. This suggests potential financial instability that could impact its operations and sustainability. Despite these limitations, the organization has robust policies in place for conflict of interest, whistleblower protection, and document retention, which are positive indicators of governance.
Overall, while Vinfen Corporation exhibits strong program expense efficiency, its financial health requires improvement. Stakeholders and potential donors may want to consider these factors when evaluating the organization's long-term viability and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Vinfen Corporation Of Larchmont Inc legitimate?
Vinfen Corporation Of Larchmont Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vinfen Corporation Of Larchmont 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vinfen.org
What is the mission statement of Vinfen Corporation Of Larchmont Inc?
Vinfen Corporation of Larchmont Inc is committed to providing housing in a specifically designed environment for low-income individuals with disabilities. This environment is tailored to meet their unique needs, aiming to improve their health, happiness, and overall sense of security. The organization operates on a non-profit basis, ensuring that it has sufficient funds to maintain and manage the housing facility effectively. The primary goal is to provide a safe and supportive living space for these individuals, promoting their overall well-being.
Official website here: www.vinfen.org
Who is the CEO of Vinfen Corporation Of Larchmont Inc?
Jean Yang is the Director, President of Vinfen Corporation Of Larchmont Inc.
Official website here: www.vinfen.org
What is the revenue of Vinfen Corporation Of Larchmont Inc?
Vinfen Corporation Of Larchmont Inc's revenue in 2022 was $78,024.
Official website here: www.vinfen.org
Who are the executives of Vinfen Corporation Of Larchmont Inc and what are their salaries?
There 2 volunteers at Vinfen Corporation Of Larchmont Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $368,518
- Other: $45,975
- Compensation: $0
- Related: $246,222
- Other: $43,325
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vinfen.org
Where can I find the form 990 for Vinfen Corporation Of Larchmont Inc?
Vinfen Corporation Of Larchmont Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vinfen.org
Learn more at the official website: www.vinfen.org
Mission Statement of Vinfen Corporation Of Larchmont Inc
Vinfen Corporation of Larchmont Inc is a non-profit organization committed to providing a specialized living environment for low-income individuals with disabilities. Their mission is to foster their residents' health, happiness, and security, ensuring that the home is self-sufficient to maintain and operate its facilities. This mission is achieved by offering housing tailored to meet the unique needs of these individuals, promoting an environment that nurtures their well-being. By doing so, Vinfen Corporation of Larchmont Inc aims to contribute positively to the lives of these individuals, enabling them to lead fulfilling lives with a sense of security.
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Impact
August, 2024
Vinfen Corporation Of Larchmont Inc's impact lies in its mission to provide low-income disabled individuals with housing in a specially designed environment to meet their needs and promote health, happiness, and security. By offering a safe and supportive living space for this vulnerable population, the organization plays a crucial role in improving their quality of life and ensuring they have a place to call home. The work of Vinfen Corporation Of Larchmont Inc not only meets the immediate housing needs of these individuals but also contributes towards fostering a sense of community, wellness, and dignity among them.
This information is meant to be a general summary of Vinfen Corporation Of Larchmont 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: $73
- Program Service Revenue: $77,951
- Gross Receipts: $78,024
Assets and Liabilities:
- Total Assets: $606,525
- Total Liabilities: $970,675
- Net Assets: -$364,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$43,590
TENANT ASSISTANCE PAYM
Revenue
$34,361
Organization Details
Founding Year
2001
Phone
(617) 441-1800Principal Officer
Jean Yang
Main Address
950 CAMBRIDGE STREET, CAMBRIDGE, MA, 02141
Website
www.vinfen.orgNTEE Category
Code: T30 - Philanthropy
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