Overview
What is Voa Lancaster Manor Inc?
Voa Lancaster Manor Inc is a nonprofit organization based in Alexandria, Virginia, with a focus on providing and managing housing for individuals and families with low to moderate incomes. This mission is carried out through the ownership, development, and management of suitable living spaces, aiming to cater to this specific demographic. The organization's purpose is to contribute positively to the community by ensuring affordable housing options are readily available, thereby improving the overall living standards of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
Voa Lancaster Manor Inc has received a rating of 54% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score is based solely on its Accountability & Finance metrics, which reveal that while the organization has a fully independent board and complies with necessary policies, it struggles with financial ratios related to liabilities and program expenses.
The charity boasts perfect scores in areas such as board independence and material diversion of assets, reflecting a commitment to governance. However, its financial ratios are alarming, with a liability to assets ratio of 0.83% and a troubling program expense ratio of 0.00%, suggesting that funds may not be effectively utilized towards its programs or services.
These financial shortcomings overshadow the strengths in governance and policy compliance. Potential donors may want to carefully consider these factors when evaluating their support for Voa Lancaster Manor Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Voa Lancaster Manor Inc legitimate?
Voa Lancaster Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Voa Lancaster Manor 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 Voa Lancaster Manor Inc?
Voa Lancaster Manor Inc's mission is centered around providing housing solutions. Specifically, the organization is committed to owning, developing, and managing housing units catering to individuals and families with moderate to low incomes. This mission aims to contribute to the housing needs of this income group, ensuring they have access to suitable living spaces.
Who is the CEO of Voa Lancaster Manor Inc?
Peter Desjardins is the Asst. Sec/Tr of Voa Lancaster Manor Inc.
What is the revenue of Voa Lancaster Manor Inc?
Voa Lancaster Manor Inc's revenue in 2023 was $36,283.
Who are the executives of Voa Lancaster Manor Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $319,790
- Other: $98,843
- Compensation: $0
- Related: $314,949
- Other: $65,001
- Compensation: $0
- Related: $239,275
- Other: $38,298
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Voa Lancaster Manor Inc?
Voa Lancaster Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Voa Lancaster Manor Inc
Voa Lancaster Manor Inc is dedicated to serving the housing needs of individuals and families with modest incomes. Their primary mission is to acquire, develop, and manage housing units that are affordable for these groups, ensuring they have access to safe and suitable living spaces. By taking on this role, Voa Lancaster Manor Inc contributes to the stability and well-being of its community members, offering them a secure foundation from which to build their lives.
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Impact
August, 2024
Voa Lancaster Manor Inc's impact lies in providing affordable housing options for low and moderate-income individuals and families in Alexandria, VA. By owning, developing, and managing housing units, this organization plays a crucial role in addressing the housing needs of a vulnerable population. Through their efforts, Voa Lancaster Manor Inc contributes to community improvement by promoting stability and security for those in need of affordable housing options.
This information is meant to be a general summary of Voa Lancaster Manor 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: $36,283
- Gross Receipts: $36,283
Assets and Liabilities:
- Total Assets: $1,536,854
- Total Liabilities: $12,827
- Net Assets: $1,524,027
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Organization Details
Founding Year
2005
Phone
(703) 341-5000Principal Officer
Peter Desjardins
Main Address
1660 DUKE STREET, ALEXANDRIA, VA, 22314
NTEE Category
Code: S80 - Community improvement
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