Overview
What is New Vision Community Development?
New Vision Community Development, based in Houston, Texas, is a nonprofit organization primarily focused on senior citizens' housing and retirement communities. They offer housing solutions, specifically through a 71-unit apartment complex, catering to low-income senior residents. The organization's mission is to enhance the living conditions of the elderly, providing them with suitable and subsidized housing options. Their activities and purpose are deeply rooted in supporting the elderly community's needs.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79% (Three-Star out of Four Stars)
New Vision Community Development has received a solid Three-Star rating, reflecting a score of 79%. This rating indicates that the organization demonstrates a reasonable level of accountability and financial health, which is essential for building trust with donors and stakeholders. The charity has a strong commitment to governance, as evidenced by having 100% independent board members and a robust set of policies in place to ensure ethical operations.
The organization excels in its financial management, boasting a high program expense ratio of 96.55%, meaning the vast majority of funds are directed towards its programs rather than administrative costs. Additionally, New Vision Community Development has established comprehensive oversight mechanisms, including an audit and oversight committee that has earned full points in its evaluation. This transparency is a significant strength, as it showcases the charity's dedication to responsible stewardship of resources.
However, while the organization performs well in several areas, the overall rating of 79% suggests there may still be opportunities for improvement. A closer look at specific areas of their financial operations could reveal further enhancements that might elevate their rating. Nonetheless, the current evaluation indicates that New Vision Community Development is a credible nonprofit worthy of support.
This AI summary has been generated from information found on Charity Navigator.
Is New Vision Community Development legitimate?
New Vision Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Vision Community Development 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: $102,638
For more financial information, click here
What is the mission statement of New Vision Community Development?
New Vision Community Development, as an organization, focuses on providing housing solutions for the elderly. They achieve this through various programs, one of which is a 71-unit apartment complex catering to low-income seniors. Their mission is centered around senior citizens housing and retirement communities, aiming to support the elderly population in a comprehensive manner. This organization does not just provide housing; it contributes to the well-being and comfort of the elderly, contributing to a positive living experience for its residents.
Who is the CEO of New Vision Community Development?
Rabbi Israel Wilhelm is the President of New Vision Community Development.
What is the revenue of New Vision Community Development?
New Vision Community Development's revenue in 2022 was $789,338.
Who are the executives of New Vision Community Development and what are their salaries?
The average compensation at New Vision Community Development during 2022 was $51,319. There are 2 employees at New Vision Community Development.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Vision Community Development?
New Vision Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Vision Community Development
New Vision Community Development, as a nonprofit organization, is dedicated to providing housing solutions for the elderly. Their mission is centered around operating senior citizens' housing and retirement communities. One of their key initiatives includes managing a 71-unit apartment complex, catering to low-income seniors. This community development organization focuses on enhancing the living conditions and ensuring a comfortable retirement for the elderly population.
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Impact
October, 2024
New Vision Community Development plays a vital role in addressing the housing needs of elderly individuals in Houston, TX. Through its Faith Village initiative, it offers a 71-unit apartment complex specifically designed for low-income seniors, ensuring that vulnerable populations have access to safe and affordable housing.
The organization fosters a supportive environment where senior residents can thrive, promoting both independence and community engagement. By focusing on housing solutions tailored to the unique needs of senior citizens, New Vision Community Development not only alleviates financial burdens but also enhances the quality of life for its residents. This commitment to providing accessible housing contributes significantly to the overall well-being of the elderly community in Houston.
This information is meant to be a general summary of New Vision Community Development. 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: $1,344
- Program Service Revenue: $177,239
- Gross Receipts: $789,338
Assets and Liabilities:
- Total Assets: $3,820,175
- Total Liabilities: $4,856,655
- Net Assets: -$1,036,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$177,239
Organization Details
Founding Year
2002
Phone
(816) 861-3829Principal Officer
Rabbi Israel Wilhelm
Main Address
1580 Greensmark Drive, Houston, TX, 77067
NTEE Category
Code: L22 - Housing
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