Overview
What is St Teresa Of Avila Villa Inc?
St. Teresa of Avila Villa Inc., situated in Tulsa, Oklahoma, is a nonprofit organization that operates a 41-unit residential apartment complex specifically designed for low-income elderly individuals. This organization, in line with its mission, provides a safe and affordable living space for this demographic, ensuring they maintain their independence and dignity. The organization, staffed by a small team of two dedicated individuals, is committed to upholding the well-being of its residents and fostering a supportive community environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
St Teresa Of Avila Villa Inc has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. The charity’s score reflects a lack of independent board members, with only 33% being independent, and a very small independent board size. While the organization has policies in place for conflict of interest and whistleblower protections, it is missing essential elements such as a publicly accessible website and a document retention policy.
Despite these shortcomings, the nonprofit demonstrates a strong commitment to its program expenses, reporting an impressive 97.96% of expenditures directed towards its programs. This suggests that the organization prioritizes its mission over administrative costs. However, the liabilities to assets ratio of 143.90% raises red flags about its financial health and stability, highlighting potential risks in its operations.
Overall, while St Teresa Of Avila Villa Inc excels in program expense allocation, its governance and financial management practices need significant improvement to enhance transparency and accountability. Donors and stakeholders should exercise caution and consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is St Teresa Of Avila Villa Inc legitimate?
St Teresa Of Avila Villa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Teresa Of Avila Villa 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: $41,177
For more financial information, click here
What is the mission statement of St Teresa Of Avila Villa Inc?
St. Teresa of Avila Villa Inc. is committed to providing a residential apartment complex for low-income elderly individuals. This organization, operating under Section 202 of the Housing Act of 1959, aims to offer a safe and comfortable living environment for this specific demographic. The mission of St. Teresa of Avila Villa Inc. is to contribute to the well-being and independence of its residents, ensuring they can maintain a decent standard of living. By providing affordable housing, the organization seeks to alleviate some of the financial burdens faced by the elderly, enabling them to focus on their health and overall quality of life.
Who is the CEO of St Teresa Of Avila Villa Inc?
Meredith Harkins is the Chairman of St Teresa Of Avila Villa Inc.
What is the revenue of St Teresa Of Avila Villa Inc?
St Teresa Of Avila Villa Inc's revenue in 2022 was $188,581.
Who are the executives of St Teresa Of Avila Villa Inc and what are their salaries?
The average compensation at St Teresa Of Avila Villa Inc during 2022 was $20,588. There are 2 employees and 3 volunteers at St Teresa Of Avila Villa Inc.
Here are 3 key members and their salaries:
- 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 St Teresa Of Avila Villa Inc?
St Teresa Of Avila Villa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Teresa Of Avila Villa Inc
St. Teresa of Avila Villa Inc is a dedicated organization with a mission to provide a 41-unit residential apartment complex specifically catering to low-income elderly individuals. This mission is embodied in their operation of a 41-unit housing facility, which falls under Section 202 of the Housing Act of 1959. The organization's primary focus is on offering a safe and comfortable living environment for the elderly, who often face financial constraints. By providing such a facility, St. Teresa of Avila Villa Inc aims to contribute to the welfare and well-being of this vulnerable population, ensuring they can live with dignity and independence.
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Impact
October, 2024
St. Teresa of Avila Villa Inc significantly impacts the community by providing a safe and affordable living environment for low-income elderly individuals in Tulsa, Oklahoma. By offering a 41-unit residential apartment complex, it addresses critical housing needs for seniors, enabling them to live independently while ensuring access to necessary support services. This facility not only enhances their quality of life but also fosters a sense of community among residents. The organization plays a vital role in reducing housing insecurity and promoting well-being among vulnerable populations, ultimately contributing to the social fabric of the area.
This information is meant to be a general summary of St Teresa Of Avila Villa 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: $74
- Program Service Revenue: $131,066
- Gross Receipts: $188,581
Assets and Liabilities:
- Total Assets: $1,957,353
- Total Liabilities: $2,726,967
- Net Assets: -$769,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$131,066
Organization Details
Founding Year
2006
Principal Officer
Meredith Harkins
Main Address
6859 South Canton Ave, Tulsa, OK, 741363405
NTEE Category
Code: L22 - Housing
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