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Catholic Housing Of Birmingham Ii Villa Maria Ii

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203029894 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

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Overview

What is Catholic Housing Of Birmingham Ii Villa Maria Ii?

Catholic Housing of Birmingham II Villa Maria II is a nonprofit organization situated in Birmingham, Alabama, specifically at 500 82nd Street South. Their primary mission is to provide affordable housing for the elderly, who fall under a low-income bracket. This is made possible through subsidized rent that they receive from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The organization's work plays an essential role in ensuring that elderly individuals have access to safe and comfortable living spaces.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 58%, One-Star out of Four Star rating

Catholic Housing Of Birmingham Ii Villa Maria Ii has received a low rating of 58%, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a strong program expense ratio of 99.13% and maintains a fully independent board, several critical governance policies are absent, which adversely impacts its overall score.

Strengths include a fully independent board and a solid accountability framework with no material diversion of assets reported. However, the organization has notable weaknesses, such as high liabilities relative to its assets, which stands at 157.97%. Additionally, essential policies like conflict of interest and whistleblower protections are not in place, which raises governance concerns.

Overall, while the organization demonstrates commitment in terms of program expenses and board independence, the lack of transparency and proper policy implementation poses risks that potential donors and stakeholders should be aware of. The absence of vital documents on their website further exacerbates these issues, suggesting a need for improvement in governance and accountability.


This AI summary has been generated from information found on Charity Navigator.

Is Catholic Housing Of Birmingham Ii Villa Maria Ii legitimate?

Catholic Housing Of Birmingham Ii Villa Maria Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Housing Of Birmingham Ii Villa Maria Ii 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: $65,932

For more financial information, click here

What is the mission statement of Catholic Housing Of Birmingham Ii Villa Maria Ii?

Catholic Housing of Birmingham II Villa Maria II is committed to providing low-income housing for the elderly community. This is achieved through a subsidized rent program funded by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The organization's mission is to facilitate comfortable living arrangements for elderly individuals who may have limited financial resources, ensuring they can maintain an acceptable standard of living. By offering subsidized rent, Catholic Housing of Birmingham II Villa Maria II contributes to the well-being and independence of its elderly residents, enabling them to age with dignity and security.

Who is the CEO of Catholic Housing Of Birmingham Ii Villa Maria Ii?

Mr Bruce Hoagland is the President of Catholic Housing Of Birmingham Ii Villa Maria Ii.

What is the revenue of Catholic Housing Of Birmingham Ii Villa Maria Ii?

Catholic Housing Of Birmingham Ii Villa Maria Ii's revenue in 2022 was $462,419.

Who are the executives of Catholic Housing Of Birmingham Ii Villa Maria Ii and what are their salaries?


Here are 2 key members and their salaries:


Mr Bruce Hoagland (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Kenneth Simon (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Catholic Housing Of Birmingham Ii Villa Maria Ii?

Catholic Housing Of Birmingham Ii Villa Maria Ii's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Catholic Housing Of Birmingham Ii Villa Maria Ii

Catholic Housing of Birmingham II Villa Maria II is dedicated to providing affordable housing solutions for the elderly community. Through a subsidized rent program funded by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, this nonprofit organization offers low-income housing options. By doing so, Catholic Housing of Birmingham II Villa Maria II plays a crucial role in ensuring that elderly residents have access to suitable living conditions, ultimately contributing to their overall well-being.

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Impact




July, 2024

Catholic Housing Of Birmingham Ii Villa Maria Ii provides essential low-income housing to elderly residents in Birmingham, AL through the HUD subsidized rent program. This initiative not only addresses the critical need for affordable housing for seniors but also ensures that this vulnerable population has a secure and comfortable living environment. By participating in the Section 202 program under the U.S. Department of Housing and Urban Development, Catholic Housing Of Birmingham Ii Villa Maria Ii plays a key role in promoting the well-being and dignity of elderly individuals in the community.




This information is meant to be a general summary of Catholic Housing Of Birmingham Ii Villa Maria Ii. 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.

Revenue
$462,419 (2022)
Expenses
$585,460 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $51
  • Program Service Revenue: $462,368
  • Gross Receipts: $462,419

Assets and Liabilities:

  • Total Assets: $2,967,125
  • Total Liabilities: $4,518,046
  • Net Assets: -$1,550,921

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT SUBSIDIES

Revenue

$296,357

TENANT RENTS

Revenue

$158,434

MISCELLANEOUS

Revenue

$3,633

LAUNDRY AND VENDING

Revenue

$2,355

SPECIAL CLAIMS

Revenue

$1,589

Organization Details

Founding Year

2007

Principal Officer

Mr Bruce Hoagland

Main Address

500 82ND STREET SOUTH, BIRMINGHAM, AL, 35206

NTEE Category

Code: L22 - Housing

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