Overview
What is Edgewood Village Inc?
Edgewood Village Inc is a nonprofit organization situated in New Haven, Connecticut. Their primary mission is to provide and maintain housing for individuals and families with modest incomes. This encompasses the acquisition, restoration, and upkeep of rental properties. Beyond housing, Edgewood Village Inc also contributes to the well-being of the surrounding community by supporting neighborhood infrastructure and various neighborhood functions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Edgewood Village Inc has received a low rating of 52% from Charity Navigator, categorizing it with a One-Star rating. This indicates significant concerns regarding its accountability and financial transparency, as reflected in a lack of independent board members and missing key governance policies. While the organization does not report any material diversion of assets, its overall performance in financial practices is below par.
Despite the weaknesses noted, Edgewood Village Inc has shown a strong commitment to its program expenses, with a 100% program expense ratio. This suggests that all of the funds are directed towards its programs rather than administrative costs. However, the absence of independent oversight and vital financial documentation raises questions about its governance practices and the management of its resources.
Users have expressed concerns regarding the transparency and operational procedures of Edgewood Village Inc, particularly in relation to its missing conflict of interest policy and whistleblower policy. These limitations could impact donor confidence and affect the organization's ability to attract and retain funding in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Edgewood Village Inc legitimate?
Edgewood Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edgewood Village 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
What is the mission statement of Edgewood Village Inc?
Edgewood Village Inc's mission is centered around providing housing for individuals and families with modest incomes. Their primary objective is to acquire, restore, and maintain these living spaces, ensuring they remain suitable for their intended tenants. Moreover, Edgewood Village Inc extends its support to the neighborhood infrastructure and various neighborhood functions. In essence, their role goes beyond just providing housing, aiming to contribute positively to the community as a whole.
Who is the CEO of Edgewood Village Inc?
Daniel Greer is the President/Tr of Edgewood Village Inc.
What is the revenue of Edgewood Village Inc?
Edgewood Village Inc's revenue in 2022 was $826,393.
Who are the executives of Edgewood Village Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Edgewood Village Inc?
Edgewood Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Edgewood Village Inc
Edgewood Village Inc, a nonprofit organization, is dedicated to acquiring, restoring, and maintaining housing for low and moderate income tenants and families. This mission extends beyond mere property management, as Edgewood Village also supports the neighborhood infrastructure and other neighborhood functions. By operating rental properties for this demographic, Edgewood Village contributes to the provision of affordable housing, an essential element in the overall well-being and stability of these households.
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Impact
July, 2024
Edgewood Village Inc's impact is significant in the community of New Haven, CT. By acquiring, restoring, and maintaining housing for low and moderate-income tenants and families, the organization plays a crucial role in providing affordable living options for those in need. Through the operation of rental properties, Edgewood Village Inc contributes to the stability and well-being of its residents, supporting the neighborhood infrastructure and promoting overall community development. Their focus on housing accessibility aligns with their mission to improve the quality of life for low and moderate-income individuals and families, making a tangible difference in addressing housing challenges in the area.
This information is meant to be a general summary of Edgewood Village 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: $511
- Program Service Revenue: $753,882
- Gross Receipts: $826,393
Assets and Liabilities:
- Total Assets: $3,874,701
- Total Liabilities: $0
- Net Assets: $3,874,701
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$753,882
Organization Details
Founding Year
1994
Phone
(203) 785-1468Principal Officer
Daniel Greer
Main Address
PO BOX 3389, NEW HAVEN, CT, 06515
NTEE Category
Code: L25 - Housing
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