Overview
What is Venture Development 2004 Inc?
Venture Development 2004 Inc is a nonprofit organization dedicated to providing housing for individuals with intellectual and developmental disabilities. Their mission involves accommodating and supporting five such individuals through their housing program, ensuring they have a secure living environment. The organization's primary activity is centered around this housing initiative, aiming to improve the quality of life for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Venture Development 2004 Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial management. The charity's score is derived from a strong performance in several key areas, particularly in accountability and finance, where it scored an impressive 94%. This rating indicates that the organization operates with transparency and effectiveness, which is crucial for donor trust.
The organization demonstrates a robust governance structure, with 100% of its board members being independent, ensuring that there are no conflicts of interest. Additionally, it has established comprehensive policies regarding whistleblower protection, document retention, and conflict of interest, further strengthening its accountability framework. The charity's financial health is notable, with a program expense ratio of 84.58%, suggesting that a significant portion of its resources goes directly toward fulfilling its mission.
While the overall assessment is overwhelmingly positive, it is important for donors to remain informed about the organization's ongoing activities and how they align with its stated goals. There are no indications of financial distress, as evidenced by a low liabilities to assets ratio of 5.45%. This financial stability, combined with a commitment to transparency and governance, positions Venture Development 2004 Inc as a trustworthy nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Venture Development 2004 Inc legitimate?
Venture Development 2004 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture Development 2004 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: $7,506
For more financial information, click here
What is the mission statement of Venture Development 2004 Inc?
Venture Development 2004 Inc, as an organization, is committed to providing housing solutions for individuals with intellectual and developmental disabilities. Their mission is to ensure the well-being and comfort of five such individuals through their housing program. The agency strives to create an environment that caters to the unique needs of these individuals, thereby enhancing their quality of life. Venture Development 2004 Inc's efforts are geared towards promoting independence and providing a supportive living environment for these individuals.
Who is the CEO of Venture Development 2004 Inc?
Dario Mazurek is the Chief Executive Officer of Venture Development 2004 Inc. The CEO's salary of Venture Development 2004 Inc is $0 and their total compensation is $290,391.
What is the revenue of Venture Development 2004 Inc?
Venture Development 2004 Inc's revenue in 2022 was $54,009.
Who are the executives of Venture Development 2004 Inc and what are their salaries?
There 3 volunteers at Venture Development 2004 Inc.
Here are 5 key members and their salaries (Venture Development 2004 Inc's CEO's salary is $0 and their total compensation is $290,391):
- Compensation: $0
- Related: $253,648
- Other: $36,743
- Compensation: $0
- Related: $184,555
- Other: $915
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Venture Development 2004 Inc?
Venture Development 2004 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Venture Development 2004 Inc
Venture Development 2004, a nonprofit organization, is committed to providing housing for individuals with intellectual and developmental disabilities. The mission of this agency is to ensure a comfortable living environment for these individuals, currently serving five such individuals under its housing program. By offering suitable housing, Venture Development 2004 strives to enhance the quality of life for these individuals, enabling them to lead more independent and fulfilling lives.
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Impact
August, 2024
Venture Development 2004 Inc's impact lies in its provision of housing for disabled individuals. By serving five intellectually and developmentally disabled individuals through their housing program, the organization is making a tangible difference in the lives of these individuals. Their efforts contribute to enhancing the quality of life for those with disabilities by providing a safe and supportive living environment.
This information is meant to be a general summary of Venture Development 2004 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: $9
- Program Service Revenue: $54,000
- Gross Receipts: $54,009
Assets and Liabilities:
- Total Assets: $622,527
- Total Liabilities: $33,957
- Net Assets: $588,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANT
Revenue
$31,092
RENTAL INCOME
Revenue
$22,908
Organization Details
Founding Year
2005
Phone
(845) 624-5323Principal Officer
Dario Mazurek
Main Address
25 SMITH STREET Suite 510, NANUET, NY, 10954
NTEE Category
Code: L21 - Housing
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