Overview
What is Mountain Valley Place Inc?
Mountain Valley Place Inc is a dedicated nonprofit organization that provides affordable housing solutions for elderly individuals with limited income. Their primary aim is to uphold the physical, social, and psychological well-being of this demographic. By offering housing facilities, they strive to ensure their residents' health, security, happiness, and continued productivity in their later years. This mission-driven organization operates with a focus on enriching the lives of elderly individuals, fostering a supportive environment that promotes their overall well-being.
Official website here: www.tcbinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Mountain Valley Place Inc holds a solid rating of 83%, reflecting a commendable level of accountability and finance management. The rating is derived solely from the Accountability & Finance beacon, which showcases the organization's commitment to transparency and responsible financial stewardship. Notably, the charity earned full marks for its independent board composition, indicating strong governance practices.
Among the strengths identified, Mountain Valley Place Inc demonstrated a high program expense ratio of 94.36%, suggesting that a significant portion of its resources are directed towards its mission-driven programs. Additionally, the organization has shown no material diversion of assets, further reinforcing its financial integrity. However, the charity faces some limitations in its policies, particularly in the absence of a whistleblower policy and document retention and destruction policy, which could enhance its accountability measures.
Overall, while Mountain Valley Place Inc has established a robust framework for governance and financial responsibility, addressing the noted policy gaps could bolster its operational transparency and overall effectiveness. The strong independent board and high program expense ratio are positive indicators for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain Valley Place Inc legitimate?
Mountain Valley Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Valley Place 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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Official website here: www.tcbinc.org
What is the mission statement of Mountain Valley Place Inc?
Mountain Valley Place Inc, through its mission, aims to provide affordable housing and necessary services for elderly individuals with modest income. The organization's goal is to enhance their physical, social, and psychological well-being, contributing to their overall health, security, happiness, and continued productivity in life. By offering such accommodations, Mountain Valley Place seeks to ensure that elderly persons can live comfortably and with a sense of purpose in their later years.
Official website here: www.tcbinc.org
Who is the CEO of Mountain Valley Place Inc?
William Dennis is the President of Mountain Valley Place Inc.
Official website here: www.tcbinc.org
What is the revenue of Mountain Valley Place Inc?
Mountain Valley Place Inc's revenue in 2022 was $480,071.
Official website here: www.tcbinc.org
Who are the executives of Mountain Valley Place Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.tcbinc.org
Where can I find the form 990 for Mountain Valley Place Inc?
Mountain Valley Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcbinc.org
Learn more at the official website: www.tcbinc.org
Mission Statement of Mountain Valley Place Inc
Mountain Valley Place, a nonprofit organization, is dedicated to providing affordable housing and essential services for elderly individuals with limited income. Its mission is to enhance the well-being of these individuals by addressing their physical, social, and psychological needs. Mountain Valley Place strives to foster a living environment that prioritizes the health, security, and happiness of its residents, enabling them to thrive and remain active in their later years. The organization's ultimate goal is to ensure the elderly population remains productive and useful members of their communities, contributing to their overall sense of fulfillment and purpose.
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Impact
July, 2024
Mountain Valley Place Inc has a significant impact on the well-being and quality of life of elderly persons with low income in New Haven, CT. By providing affordable housing facilities and services tailored to the physical, social, and psychological needs of this demographic, Mountain Valley Place promotes their health, security, happiness, and usefulness in longer living. This organization plays a crucial role in addressing the housing challenges faced by elderly individuals with limited financial resources, ensuring they have a safe and supportive living environment. Their focus on enhancing the overall well-being of their residents makes a positive difference in the lives of those they serve.
This information is meant to be a general summary of Mountain Valley Place 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: $53
- Program Service Revenue: $168,323
- Gross Receipts: $480,071
Assets and Liabilities:
- Total Assets: $2,125,671
- Total Liabilities: $136,219
- Net Assets: $1,989,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$168,323
Organization Details
Founding Year
1992
Phone
(857) 221-8600Principal Officer
William Dennis
Main Address
120 VALLEY STREET, NEW HAVEN, CT, 06515
Website
www.tcbinc.orgNTEE Category
Code: E91Z - Health
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