Overview
What is Valley Cares Inc?
Valley Cares Inc, based in Townshend, VT, serves as a co-developer for a special needs senior housing project, catering to low-income elderly residents. Their mission is to create and provide a continuum of quality, affordable housing and eldercare services for the residents of the West River Valley and beyond. They work closely with community organizations and agencies to ensure these services are accessible and meet the needs of the community. With a team of 48 employees, Valley Cares Inc plays a significant role in enhancing the living standards and care for the elderly population in the area.
Official website here: www.valleycares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
Valley Cares Inc has received a rating of 70% from Charity Navigator, indicating areas that need improvement. The nonprofit shows strengths in governance, with a fully independent board and no instances of material asset diversion. Its program expense ratio is commendable at 86.84%, suggesting that most of its resources are directed towards its mission-related activities.
However, the organization has significant weaknesses in its accountability and finance practices. Critical documents such as financial statements, a whistleblower policy, and a document retention policy are missing, which raises concerns about transparency and governance. Additionally, the absence of tax forms on its website is noted as a drawback, limiting public access to vital financial information.
Overall, while Valley Cares Inc demonstrates a strong commitment to its programs, the lack of necessary policies and documentation could hinder its effectiveness and accountability in the eyes of stakeholders. Continuous efforts to enhance transparency and governance will be essential for improving its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Cares Inc legitimate?
Valley Cares Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Cares 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: $101,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,194,008
For more financial information, click here
Official website here: www.valleycares.org
What is the mission statement of Valley Cares Inc?
Valley Cares Inc is committed to creating and providing a continuum of affordable housing and eldercare services for individuals residing in the West River Valley and beyond. They collaborate with community organizations and agencies to achieve this mission. Valley Cares acts as a co-developer, working towards the development of a special needs senior housing project for low-income elderly residents. Additionally, they offer administrative and management services for the operation of this project.
Official website here: www.valleycares.org
What is the revenue of Valley Cares Inc?
Valley Cares Inc's revenue in 2023 was $2,131,112.
Official website here: www.valleycares.org
Who are the executives of Valley Cares Inc and what are their salaries?
The average compensation at Valley Cares Inc during 2023 was $20,894. There are 62 employees and 15 volunteers at Valley Cares Inc.
Here are 11 key members and their salaries:
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- Compensation: $91,395
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Official website here: www.valleycares.org
Where can I find the form 990 for Valley Cares Inc?
Valley Cares Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.valleycares.org
Learn more at the official website: www.valleycares.org
Mission Statement of Valley Cares Inc
Valley Cares Inc is committed to creating and providing a continuum of quality, affordable housing and eldercare services for residents beyond the West River Valley. This nonprofit organization collaborates with community organizations and agencies to achieve this mission. In particular, Valley Cares Inc is actively involved in the development of a special needs senior housing project in Townsend, VT, catering to low-income elderly individuals. Beyond development, Valley Cares Inc also offers administrative and management services for the operation of this project. By focusing on affordable housing and eldercare services, Valley Cares Inc seeks to improve the living conditions and overall well-being of its target population.
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Impact
August, 2024
Valley Cares Inc's impact is evident in its commitment to creating and providing a continuum of quality affordable housing and eldercare services for the residents of the West River Valley and beyond. Through its collaborative approach with community organizations and agencies, Valley Cares addresses the needs of low-income elderly individuals by working towards the development of special needs senior housing projects. By providing administrative and management services for these projects, Valley Cares ensures that these individuals have access to housing and care that is both affordable and of high quality. Through their mission and work, Valley Cares plays a vital role in supporting the well-being and security of the elderly population in Townshend, VT, and beyond.
This information is meant to be a general summary of Valley Cares 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: $47
- Program Service Revenue: $1,856,996
- Gross Receipts: $2,131,112
Assets and Liabilities:
- Total Assets: $2,466,364
- Total Liabilities: $1,346,086
- Net Assets: $1,120,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT CARE/MEALS
Revenue
$1,484,961
RENTAL INCOME
Revenue
$228,654
LOW-INCOME HOUSING ADM
Revenue
$130,134
ADMISSION/HOMEMAKER FE
Revenue
$12,861
MISCELLANEOUS
Revenue
$386
Organization Details
Founding Year
2004
Principal Officer
Joanne Blanchard
Website
www.valleycares.orgNTEE Category
Code: L200 - Housing
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