Overview
What is Orford Village Commons Inc?
Orford Village Commons Inc is a compassionate nonprofit organization situated in Manchester, Connecticut. Their primary purpose is to provide affordable housing options for the elderly with limited income. By offering subsidized living arrangements, they aim to ensure that this vulnerable population can maintain a dignified and secure lifestyle. Their programs focus primarily on low income elderly housing, providing essential support and ensuring that elderlies in need have access to safe and comfortable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Orford Village Commons Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance and reliability in its financial practices. The charity's overall score is bolstered by a perfect Accountability & Finance score of 90%, reflecting its commitment to transparency and effective financial management. This high rating emphasizes that the organization is well-managed and accountable to its donors.
The organization excels in various areas of governance, with 100% of its board members being independent and a strong independent board size. It has demonstrated solid financial oversight, as evidenced by its high scores in financial statement audits, conflict of interest policies, and asset management. The charity has a low liabilities to assets ratio of 2.14%, indicating a healthy financial position.
While the organization shows robust performance in financial accountability, it is essential for potential donors to consider the impact and reach of its programs. The program expense ratio stands at an impressive 84.77%, suggesting that a significant portion of its resources is directed toward its mission. Overall, Orford Village Commons Inc appears to be a reputable choice for donors looking for a transparent and financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Orford Village Commons Inc legitimate?
Orford Village Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orford Village Commons 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: $106,278
For more financial information, click here
What is the mission statement of Orford Village Commons Inc?
Orford Village Commons Inc, as a non-profit organization, is committed to providing low income, subsidized housing for the elderly. Their primary mission is to cater to this specific demographic, ensuring they have access to affordable housing. The organization's activities are centered around this mission, offering housing solutions that are both affordable and suitable for the elderly. By doing so, Orford Village Commons Inc aims to contribute to the well-being and dignity of elderly individuals with limited financial resources.
Who is the CEO of Orford Village Commons Inc?
Martine Skoog is the Director of Orford Village Commons Inc.
What is the revenue of Orford Village Commons Inc?
Orford Village Commons Inc's revenue in 2022 was $553,088.
Who are the executives of Orford Village Commons Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Orford Village Commons Inc?
Orford Village Commons Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Orford Village Commons Inc
Orford Village Commons, a non-profit organization, is dedicated to providing low-income housing for the elderly. Their mission is centered around offering subsidized housing solutions to this vulnerable population, ensuring they can maintain a decent living standard. The organization's primary activity aligns with this mission, offering low income elderly housing as its core program. By providing such housing, Orford Village Commons plays a crucial role in supporting the elderly, enabling them to live with dignity and independence.
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Impact
July, 2024
Orford Village Commons Inc's impact is evident in its provision of low-income subsidized housing for the elderly in Manchester, CT. This organization plays a vital role in addressing the housing needs of low-income elderly individuals, ensuring they have access to safe and affordable living arrangements. By focusing on this specific demographic, Orford Village Commons Inc positively impacts the lives of elderly individuals who may struggle to find suitable housing options otherwise.
This information is meant to be a general summary of Orford Village Commons 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: $59
- Program Service Revenue: $553,029
- Gross Receipts: $553,088
Assets and Liabilities:
- Total Assets: $1,826,420
- Total Liabilities: $39,250
- Net Assets: $1,787,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$553,029
Organization Details
Founding Year
1997
Phone
(860) 643-5310Principal Officer
Martine Skoog
Main Address
370 WEST CENTER STREET, MANCHESTER, CT, 06040
NTEE Category
Code: L22 - Housing
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