Overview
What is Villa De Lucas Inc?
Villa De Lucas Inc, headquartered in Beaumont, Texas, is a dedicated nonprofit organization. Its primary mission is to cater to the housing needs of low-income families and individuals with disabilities. To fulfill this mission, Villa De Lucas has developed a 15-unit apartment complex tailored to accommodate the specific requirements of its target demographic. This nonprofit organization's work significantly contributes to enhancing the living conditions and providing suitable housing solutions for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%, Zero-Star out of Four Star rating. Villa De Lucas Inc has received a low rating primarily due to its score in Accountability & Finance, which is the only metric evaluated. The organization scored particularly well for having a majority of independent board members and for not having any material diversion of assets, which indicates strong governance in those specific areas.
However, the nonprofit faces significant challenges in several key areas. The size of the independent board is notably small, contributing to a low score in that category. Additionally, the organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for ensuring transparency and accountability.
Furthermore, the financial health of the organization appears concerning, as indicated by a high liabilities-to-assets ratio. While the program expense ratio is high, showcasing effective use of funds for its intended purposes, the overall lack of required governance documents and policies raises questions about its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Villa De Lucas Inc legitimate?
Villa De Lucas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa De Lucas 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: $13,772
For more financial information, click here
What is the mission statement of Villa De Lucas Inc?
Villa De Lucas Inc is committed to providing housing for individuals with limited income and those who are handicapped. They have constructed a 15-unit apartment complex that caters to the needs of low-income families. The organization's primary mission is to offer suitable housing solutions to this specific group of people. By doing so, they aim to contribute positively to their living conditions and improve their quality of life.
Who is the CEO of Villa De Lucas Inc?
Donald Ray Wise is the President of Villa De Lucas Inc.
What is the revenue of Villa De Lucas Inc?
Villa De Lucas Inc's revenue in 2023 was $98,006.
Who are the executives of Villa De Lucas Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Villa De Lucas Inc?
Villa De Lucas Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Villa De Lucas Inc
Villa De Lucas Inc, a nonprofit organization, is committed to providing housing solutions for individuals with low income and those who are handicapped. With a mission to make a difference, Villa De Lucas Inc has developed a 15-unit apartment complex designed specifically to cater to the needs of low-income families. This initiative allows these individuals and families to have a secure and comfortable living space, enhancing their overall quality of life. By offering housing solutions, Villa De Lucas Inc plays a significant role in supporting these communities and providing them with a sense of stability and belonging.
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Impact
October, 2024
Villa De Lucas Inc significantly impacts the community by addressing the critical need for affordable housing tailored for low-income individuals and families, as well as those with disabilities. By developing a 15-unit apartment complex in Beaumont, TX, it creates safe and accessible living spaces that cater to the unique challenges faced by these populations. This initiative not only provides shelter but also fosters a sense of community and support for residents who might otherwise struggle to find suitable housing. The organization plays a vital role in enhancing the quality of life for its residents, promoting stability, and empowering families to thrive despite economic hardships.
This information is meant to be a general summary of Villa De Lucas 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: $120
- Program Service Revenue: $97,886
- Gross Receipts: $98,006
Assets and Liabilities:
- Total Assets: $1,061,219
- Total Liabilities: $1,642,540
- Net Assets: -$581,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$50,027
HUD SUBSIDY PAYMENTS
Revenue
$47,859
Organization Details
Founding Year
2004
Phone
(409) 833-8947Principal Officer
Donald Ray Wise
Main Address
1390 BROADWAY ST, BEAUMONT, TX, 77701
NTEE Category
Code: L20 - Housing
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