Overview
What is Ridgefield Veterans' Memorial Community Association Inc?
Ridgefield Veterans' Memorial Community Association Inc, located at 316 Main Street, Ridgefield, CT 06877, is a nonprofit organization with a mission to serve the residents of Ridgefield. Their primary objective is to preserve and promote the historical significance of the Lounbury House, a facility they maintain and improve. The association aims to benefit the local community through the operation of this historical site. With a small workforce of 4 individuals, Ridgefield Veterans' Memorial Community Association Inc is dedicated to honoring the past while contributing positively to the present life of Ridgefield's residents.
Official website here: www.lounsburyhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Ridgefield Veterans' Memorial Community Association Inc has achieved an 88% score on Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance practices with 100% of its board members being independent and a robust size of 16 independent members. It has also maintained excellent financial management, as evidenced by its low liabilities to assets ratio and a high program expense ratio, suggesting that a significant portion of their budget is allocated directly to their mission.
However, there are notable limitations in the organization's policies and transparency. While they have established various governance policies, the absence of a whistleblower policy and a document retention policy raises concerns regarding internal controls. Additionally, the lack of posting their tax form on their website may affect transparency for potential donors and stakeholders who wish to evaluate their financial practices.
Overall, while the Ridgefield Veterans' Memorial Community Association Inc exhibits strengths in financial accountability and effective governance, addressing the identified policy gaps could enhance their operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgefield Veterans' Memorial Community Association Inc legitimate?
Ridgefield Veterans' Memorial Community Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgefield Veterans' Memorial Community Association 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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Other Salaries and Wages: $194,198
For more financial information, click here
Official website here: www.lounsburyhouse.org
What is the mission statement of Ridgefield Veterans' Memorial Community Association Inc?
The Ridgefield Veterans' Memorial Community Association Inc's mission is primarily focused on preserving and promoting the historical significance of a specific building, referred to as the Lounsbury House. This organization strives to serve the local community by maintaining, improving, and operating the Lounsbury House, ensuring it benefits the residents of Ridgefield. The association's goal is to provide a facility that holds historical significance, thereby contributing positively to the community. It is important to note that the Association's activities are geared towards upholding the historical significance of the Lounsbury House.
Official website here: www.lounsburyhouse.org
Who is the CEO of Ridgefield Veterans' Memorial Community Association Inc?
Antonia Riordan is the President of Ridgefield Veterans' Memorial Community Association Inc.
Official website here: www.lounsburyhouse.org
What is the revenue of Ridgefield Veterans' Memorial Community Association Inc?
Ridgefield Veterans' Memorial Community Association Inc's revenue in 2023 was $669,170.
Official website here: www.lounsburyhouse.org
Who are the executives of Ridgefield Veterans' Memorial Community Association Inc and what are their salaries?
The average compensation at Ridgefield Veterans' Memorial Community Association Inc during 2023 was $48,550. There are 4 employees and 105 volunteers at Ridgefield Veterans' Memorial Community Association Inc.
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Official website here: www.lounsburyhouse.org
Where can I find the form 990 for Ridgefield Veterans' Memorial Community Association Inc?
Ridgefield Veterans' Memorial Community Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lounsburyhouse.org
Learn more at the official website: www.lounsburyhouse.org
Mission Statement of Ridgefield Veterans' Memorial Community Association Inc
Ridgefield Veterans' Memorial Community Association Inc is committed to preserving and promoting the historical significance of the Lounsbury House. Their mission is driven by a desire to serve the residents of Ridgefield, aiming to maintain, improve, and operate the Lounsbury House in a manner that supports its goal of providing a facility that benefits the local community. By doing so, the association seeks to contribute to the cultural and historical heritage of the area, ensuring that the Lounsbury House remains a valuable asset for future generations.
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Impact
July, 2024
Ridgefield Veterans' Memorial Community Association Inc has a significant impact on the Ridgefield community by preserving and promoting the historical significance of the Lounsbury House. Through its mission to maintain, improve, and operate the Lounsbury House, this organization plays a vital role in providing a facility that benefits the residents of Ridgefield. By serving the community in this way, Ridgefield Veterans' Memorial Community Association Inc not only enriches the lives of local residents but also contributes to preserving an important piece of history for future generations.
This information is meant to be a general summary of Ridgefield Veterans' Memorial Community Association 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 2023.
- Investment Income: $13,779
- Gross Receipts: $708,015
Assets and Liabilities:
- Total Assets: $2,751,272
- Total Liabilities: $211,588
- Net Assets: $2,539,684
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Organization Details
Founding Year
1953
Phone
(203) 438-6962Principal Officer
Antonia Riordan
Main Address
316 MAIN STREET, RIDGEFIELD, CT, 06877
Website
www.lounsburyhouse.orgNTEE Category
Code: W30Z - Public benefit
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