Overview
What is The Village Inc?
The Village Inc is a dedicated nonprofit organization situated in Decatur, Alabama (1316 Somerville Rd SE, 35601). Their primary mission is to provide housing for individuals with low income and chronic mental illnesses. They achieve this by managing an apartment community, which is regulated under Section 811 of the National Affordable Housing Act of 1990, by the US Department of Housing and Urban Development. This initiative aims to offer a safe and supportive living environment for those in need, contributing significantly to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Village Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid overall score primarily based on its Accountability & Finance practices. The organization scored highly in areas such as having a majority of independent board members and policies in place for conflict of interest, whistleblowing, and document retention. Additionally, its program expense ratio is impressive at 85.24%, indicating that a significant portion of its funds is directed towards its programs.
However, the nonprofit's liabilities to assets ratio raises some concerns, scoring 0 out of 15 points. This indicates potential financial strain as liabilities exceed assets significantly at a ratio of 146.80%. While the organization demonstrates strong governance and fiscal responsibility in many areas, attention to its financial health will be crucial for maintaining its operations and effectiveness.
Overall, The Village Inc showcases a commitment to accountability and transparency, which is commendable. Stakeholders may wish to monitor its financial stability closely as the organization continues its work in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Village Inc legitimate?
The Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Village 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
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What is the mission statement of The Village Inc?
The organization, The Village Inc., is committed to providing housing for individuals with a history of severe mental illness who have low income. They accomplish this by managing an apartment community, which is regulated under Section 811 of the National Affordable Housing Act of 1990, overseen by the United States Department of Housing and Urban Development (HUD). The primary objective of The Village Inc. is to offer a secure and supportive living environment for this specific group of individuals. By doing so, the organization aims to improve their overall quality of life and facilitate their integration into society.
Who is the CEO of The Village Inc?
Lisa Coleman is the President of The Village Inc.
What is the revenue of The Village Inc?
The Village Inc's revenue in 2022 was $75,635.
Who are the executives of The Village Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Village Inc?
The Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Village Inc
The Village Inc, a nonprofit organization, is dedicated to providing housing for individuals who are chronically mentally ill and fall under the low-income bracket. They achieve this mission by operating an apartment community that is regulated by the United States Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act of 1990. This housing solution aims to offer a safe and secure living environment for those in need, helping them maintain stability and improve their quality of life. The organization's mission is a crucial step towards ensuring that individuals with mental health challenges have access to suitable housing, thereby contributing to their overall well-being and recovery.
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Impact
August, 2024
The Village Inc's impact lies in providing housing to low-income chronically mentally ill individuals through the operation of an apartment community regulated by the US Department of Housing and Urban Development under Section 811 of the National Affordable Housing Act of 1990. This organization based in Decatur, Alabama, offers a crucial lifeline to a vulnerable population, ensuring they have a safe and supportive place to call home. The Village Inc's work directly addresses the pressing need for affordable and specialized housing for individuals facing mental health challenges, thus making a significant difference in the lives of those they serve.
This information is meant to be a general summary of The Village 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: $27
- Program Service Revenue: $69,224
- Gross Receipts: $75,635
Assets and Liabilities:
- Total Assets: $919,689
- Total Liabilities: $1,294,804
- Net Assets: -$375,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE PAY
Revenue
$48,453
TENANT RENT PAYMENTS
Revenue
$20,771
Organization Details
Founding Year
2006
Phone
(256) 260-7342Principal Officer
Lisa Coleman
Main Address
1316 SOMERVILLE RD SE, DECATUR, AL, 35601
NTEE Category
Code: L21 - Housing
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