Overview
What is Villa Regina Of West Palm Beach Inc?
Villa Regina of West Palm Beach Inc is a nonprofit organization located in Palm Beach Gardens, Florida. The primary focus of this organization, as per the provided information, is to offer housing solutions for the elderly with low income. They operate under the auspices of the U.S. Department of Housing and Urban Development (HUD), and their project comprises rental units specifically designed for this demographic. The organization's mission is to provide a residence for elderly families and individuals who fall under the category of very low income, aiming to improve their living conditions. With a small workforce of five employees, Villa Regina of West Palm Beach Inc contributes to the well-being of the elderly community in their area.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Villa Regina Of West Palm Beach Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has achieved a perfect score in various governance and oversight categories, showcasing a commitment to transparency and responsible management of resources.
The nonprofit features a fully independent board, which contributes to its effective oversight. With no material diversion of assets reported and a robust conflict of interest policy in place, Villa Regina demonstrates a high level of integrity in its operations. Additionally, their financial health is evident with a solid liabilities to assets ratio and a significant portion of expenses directed towards programs.
While the rating indicates a well-managed organization, it is important to consider qualitative aspects such as community impact and service effectiveness, which are not reflected in the financial metrics alone. Overall, Villa Regina Of West Palm Beach Inc stands out as a trustworthy nonprofit with a strong commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Regina Of West Palm Beach Inc legitimate?
Villa Regina Of West Palm Beach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Regina Of West Palm Beach 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: $248,076
For more financial information, click here
What is the mission statement of Villa Regina Of West Palm Beach Inc?
Villa Regina Of West Palm Beach Inc's mission is centered around providing housing accommodations for elderly families and individuals with very low incomes. This organization strives to make housing accessible for this specific demographic, ensuring they can live comfortably and with dignity. Their efforts are spearheaded by the U.S. Department of Housing and Urban Development (HUD), which oversees the development and management of rental units designed for the elderly with low income. The organization's primary focus is on facilitating a secure living environment for this vulnerable population.
Who is the CEO of Villa Regina Of West Palm Beach Inc?
Vito Gendusa is the President of Villa Regina Of West Palm Beach Inc.
What is the revenue of Villa Regina Of West Palm Beach Inc?
Villa Regina Of West Palm Beach Inc's revenue in 2023 was $1,306,826.
Who are the executives of Villa Regina Of West Palm Beach Inc and what are their salaries?
The average compensation at Villa Regina Of West Palm Beach Inc during 2023 was $49,615. There are 5 employees at Villa Regina Of West Palm Beach Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Villa Regina Of West Palm Beach Inc?
Villa Regina Of West Palm Beach Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Villa Regina Of West Palm Beach Inc
Villa Regina of West Palm Beach Inc is dedicated to providing housing solutions for elderly families and individuals with very low income. Their mission, in essence, is to create a living space for this demographic, ensuring they have a secure and affordable place to call home. This organization operates under the auspices of the U.S. Department of Housing and Urban Development (HUD), overseeing a project that includes rental units specifically designed for the elderly with low income. By offering such housing, Villa Regina of West Palm Beach Inc plays a crucial role in addressing the housing needs of this vulnerable population, ensuring they can maintain their independence and dignity in their later years.
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Impact
October, 2024
Villa Regina Of West Palm Beach Inc plays a crucial role in addressing the housing needs of elderly individuals and families with very low income. By providing affordable rental units specifically designed for this demographic, it alleviates the financial burdens often faced by seniors, allowing them to maintain stability and quality of life. The organization operates in Palm Beach Gardens, Florida, and is part of the U.S. Department of Housing and Urban Development (HUD) initiative, underscoring its commitment to facilitating access to safe and supportive living environments.
The impact of Villa Regina extends beyond mere housing; it fosters a sense of community and social engagement among residents, which is vital for the well-being of elderly individuals. By ensuring these residents have a place to call home, Villa Regina contributes to their overall health and happiness, significantly reducing the risks associated with homelessness and isolation. Through its mission, the organization not only meets immediate housing needs but also advocates for the dignity and respect of elderly populations.
This information is meant to be a general summary of Villa Regina Of West Palm Beach 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: $2,603
- Program Service Revenue: $292,531
- Gross Receipts: $1,306,826
Assets and Liabilities:
- Total Assets: $9,813,430
- Total Liabilities: $2,992,829
- Net Assets: $6,820,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$292,531
Organization Details
Founding Year
2002
Phone
(561) 775-9518Principal Officer
Vito Gendusa
Main Address
PO BOX 109650, PALM BEACH GARDENS, FL, 33410
NTEE Category
Code: L21 - Housing
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