Overview
What is Casa Victoria Housing Development Fund?
Casa Victoria Housing Development Fund is a nonprofit organization situated in New York City, specifically at 308 East 8th Street, New York, NY 10009. Their primary mission is to provide housing for the elderly, adhering to Section 202 of the National Housing Act. Overseen by the US Department of HUD, this nonprofit organization dedicates its efforts to facilitating suitable housing accommodations for the elderly population in the city. With a team of seven employees, Casa Victoria Housing Development Fund works diligently to ensure the elderly population can reside in a secure and suitable environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Casa Victoria Housing Development Fund has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The overall score is derived solely from its Accountability & Finance metrics, which reflect a strong governance structure and transparency practices. The organization excels in having a fully independent board and comprehensive financial oversight, which are critical for maintaining trust and credibility.
The nonprofit scored highly in several key areas, including having a robust conflict of interest policy, a whistleblower policy, and documented meeting minutes. Additionally, it allocates a significant portion of its budget (approximately 87.67%) to program expenses, demonstrating a commitment to its mission and effective resource management.
However, the organization has a notable weakness in its liabilities to assets ratio, which stands at 236.87%. This ratio indicates a potential risk if the organization faces financial challenges, as it suggests that liabilities significantly exceed assets. Overall, while Casa Victoria shows strong governance and financial practices, it may need to address its financial stability to enhance its overall rating and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Casa Victoria Housing Development Fund legitimate?
Casa Victoria Housing Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Casa Victoria Housing Development Fund 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: $239,182
For more financial information, click here
What is the mission statement of Casa Victoria Housing Development Fund?
The Casa Victoria Housing Development Fund is dedicated to providing housing for the elderly, adhering to Section 202 of the National Housing Act. This mission is overseen by the US Department of HUD. Their primary objective is to offer housing solutions for low-income elderly individuals, ensuring they have a suitable living environment. The organization's activities are regulated by the US Department of HUD, ensuring compliance with the necessary standards and guidelines.
Who is the CEO of Casa Victoria Housing Development Fund?
Elizabeth Colon is the President of Casa Victoria Housing Development Fund.
What is the revenue of Casa Victoria Housing Development Fund?
Casa Victoria Housing Development Fund's revenue in 2022 was $1,223,941.
Who are the executives of Casa Victoria Housing Development Fund and what are their salaries?
The average compensation at Casa Victoria Housing Development Fund during 2022 was $34,169. There are 7 employees at Casa Victoria Housing Development Fund.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Casa Victoria Housing Development Fund?
Casa Victoria Housing Development Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Casa Victoria Housing Development Fund
Casa Victoria Housing Development Fund, a nonprofit organization, is dedicated to providing housing for the elderly under Section 202 of the National Housing Act. Regulated by the US Department of HUD, this mission is centered around offering suitable living spaces for low-income elderly individuals residing in New York City. The organization's primary focus is on ensuring the elderly population has access to secure, comfortable, and affordable housing, thereby contributing to their overall well-being and quality of life. Casa Victoria Housing Development Fund plays a vital role in fulfilling the housing needs of this specific demographic, thereby promoting dignity, independence, and a sense of community among the elderly population.
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Impact
August, 2024
Casa Victoria Housing Development Fund significantly impacts the lives of low-income elderly individuals in New York City by providing affordable housing options. Through its mission to offer housing under Section 202 of the National Housing Act and in accordance with regulations from the US Department of HUD, Casa Victoria supports the elderly community in accessing safe and affordable accommodation. This initiative not only addresses a critical need for housing among the elderly but also contributes to enhancing their overall quality of life and well-being.
This information is meant to be a general summary of Casa Victoria Housing Development Fund. 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: $146
- Program Service Revenue: $1,221,270
- Gross Receipts: $1,223,941
Assets and Liabilities:
- Total Assets: $3,233,413
- Total Liabilities: $7,659,179
- Net Assets: -$4,425,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,219,982
LAUNDRY AND VENDING INCOME
Revenue
$1,288
Organization Details
Founding Year
1985
Phone
(646) 590-8591Principal Officer
Elizabeth Colon
Main Address
308 EAST 8TH STREET, NEW YORK, NY, 10009
NTEE Category
Code: L210 - Housing
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