Overview
What is Christian Village Homes Inc?
Christian Village Homes Inc, based in King, North Carolina, is a nonprofit organization that primarily focuses on providing low-income housing services. Specifically, they operate a 23-unit apartment complex, named Christian Village Homes Apartments, catering to elderly individuals with limited income, under Section 202 of the U.S Housing Act of 1959. Their mission is to develop and maintain this Section 202 apartment complex, ensuring that elderly individuals have access to affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Christian Village Homes Inc has received a score of 73%, which classifies it with a Two-Star rating. This score is derived solely from the Accountability & Finance beacon, reflecting the charity’s commitment to transparent and responsible financial practices.
The organization demonstrates strong governance, with a fully independent board comprising eight members, and it has not diverted any assets. Additionally, it maintains transparency by documenting board meeting minutes, contributing to its solid accountability score. The charity effectively allocates a significant portion of its expenses (96.52%) toward programs, indicating a focus on its mission.
However, while the financial practices are commendable, the overall Two-Star rating suggests that there may be areas for improvement in other aspects of the organization that are not captured by the current metrics. Stakeholders may want to consider this when evaluating the charity’s overall impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Christian Village Homes Inc legitimate?
Christian Village Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christian Village Homes 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 Christian Village Homes Inc?
Christian Village Homes Inc is committed to providing housing services for low-income elderly individuals. Their mission involves developing and managing a Section 202 apartment complex, providing a home for this specific demographic. The organization operates a 23-unit apartment complex, adhering to the guidelines set by Section 202 of the U.S. Housing Act of 1959. This housing complex provides a living space for elderly individuals with limited income, allowing them to maintain an independent and dignified lifestyle.
Who is the CEO of Christian Village Homes Inc?
Garry L Merritt is the President of Christian Village Homes Inc.
What is the revenue of Christian Village Homes Inc?
Christian Village Homes Inc's revenue in 2022 was $123,793.
Who are the executives of Christian Village Homes Inc and what are their salaries?
There 8 volunteers at Christian Village Homes Inc.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Christian Village Homes Inc?
Christian Village Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Christian Village Homes Inc
Christian Village Homes Inc is dedicated to providing low-income housing services, specifically focusing on the development and operation of a Section 202 apartment complex for elderly individuals with limited income. This nonprofit organization operates a 23-unit apartment complex that caters to low-income elderly individuals, adhering to Section 202 of the U.S. Housing Act of 1959. By providing affordable housing, Christian Village Homes Inc aims to enhance the living conditions and ensure the well-being of its residents, enabling them to maintain their independence and dignity in their golden years.
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Impact
October, 2024
Christian Village Homes Inc significantly impacts the community by providing low-income housing services specifically designed for elderly individuals. By operating a 23-unit apartment complex under Section 202 of the U.S. Housing Act of 1959, it addresses a critical need for affordable housing options for seniors in King, NC.
The organization is dedicated to ensuring that elderly residents have access to safe, affordable, and supportive living environments. This not only enhances the quality of life for these individuals but also fosters a sense of community among the residents. By focusing on this demographic, Christian Village Homes Inc helps alleviate housing insecurity, enabling seniors to live independently while remaining within a supportive environment. The mission reinforces the importance of inclusive, age-friendly housing solutions that cater to the needs of low-income elderly individuals, making a lasting positive impact on their lives and the broader community.
This information is meant to be a general summary of Christian Village Homes 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: $8
- Program Service Revenue: $74,619
- Gross Receipts: $123,793
Assets and Liabilities:
- Total Assets: $1,137,689
- Total Liabilities: $17,992
- Net Assets: $1,119,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$74,083
LAUNDRY & VENDING
Revenue
$536
Organization Details
Founding Year
2003
Phone
(336) 409-7766Principal Officer
Garry L Merritt
Main Address
PO BOX 1194, KING, NC, 27021
NTEE Category
Code: L21 - Housing
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