Overview
What is Village Square Housing Corporation C/O Avesta Housing?
Village Square Housing Corporation C/O Avesta Housing is a nonprofit organization situated in Portland, Maine, specifically at 307 Cumberland Avenue, 04101. Their primary mission is to develop, own, and manage residential subsidized housing units, catering specifically to qualified elderly individuals. This mission is accomplished through the operation of a 36-unit facility named The Inn at Village Square, located in Gorham, Maine. This nonprofit organization, with a workforce of 38 employees, aims to provide suitable living accommodations for elderly individuals who meet the specified qualifications.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Village Square Housing Corporation, affiliated with Avesta Housing, has achieved a Three-Star rating from Charity Navigator, reflecting a good level of accountability and financial health. The score is solely based on the Accountability & Finance beacon, where it scored 79%. This indicates that the organization demonstrates solid financial management practices and transparency in its operations.
The organization showcases strong governance with an entirely independent board, scoring full marks in board independence and size. Furthermore, it has a comprehensive set of policies including conflict of interest and whistleblower protection, reinforcing its commitment to ethical practices. The absolute allocation of 100% of its expenses towards program activities further highlights its focus on mission execution over administrative costs.
However, while the organization appears financially sound, potential donors may want to consider the compensation of key executives, which, although within reasonable ranges, may raise questions regarding salary structures in nonprofit settings. Overall, Village Square Housing Corporation demonstrates a commitment to accountability and effective management, making it a commendable choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is Village Square Housing Corporation C/O Avesta Housing legitimate?
Village Square Housing Corporation C/O Avesta Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Square Housing Corporation C/O Avesta Housing 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: $1,148,476
For more financial information, click here
What is the mission statement of Village Square Housing Corporation C/O Avesta Housing?
Village Square Housing Corporation, in its capacity as Avesta Housing, is committed to developing, owning, and managing residential subsidized housing units. Their primary focus is on providing accommodations for qualified elderly individuals, ensuring they have access to suitable housing. While the provided information is limited, it suggests that they strive to create a living environment that caters to the needs of this specific demographic. The Inn at Village Square, a 36-unit residential care facility, is one of their projects, located in Gorham, Maine, but their mission extends beyond this specific facility, aiming to provide housing solutions for elderly individuals across various locations.
Who is the CEO of Village Square Housing Corporation C/O Avesta Housing?
Eric Boucher is the Director of Village Square Housing Corporation C/O Avesta Housing. The CEO's salary of Village Square Housing Corporation C/O Avesta Housing is $0 and their total compensation is $226,435.
What is the revenue of Village Square Housing Corporation C/O Avesta Housing?
Village Square Housing Corporation C/O Avesta Housing's revenue in 2022 was $3,116,068.
Who are the executives of Village Square Housing Corporation C/O Avesta Housing and what are their salaries?
The average compensation at Village Square Housing Corporation C/O Avesta Housing during 2022 was $30,223. There are 38 employees at Village Square Housing Corporation C/O Avesta Housing.
Here are 23 key members and their salaries (Village Square Housing Corporation C/O Avesta Housing's CEO's salary is $0 and their total compensation is $226,435):
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- Related: $238,190
- Other: $47,500
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- Other: $41,000
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- Related: $185,435
- Other: $41,000
- Compensation: $0
- Related: $157,819
- Other: $27,000
Where can I find the form 990 for Village Square Housing Corporation C/O Avesta Housing?
Village Square Housing Corporation C/O Avesta Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Village Square Housing Corporation C/O Avesta Housing
Village Square Housing Corporation C/O Avesta Housing is dedicated to a mission that involves the development, ownership, and management of residential subsidized housing units. This mission is specifically geared towards qualified elderly individuals, providing them with suitable living accommodations. One of their notable projects is a 36-unit residential care facility named The Inn at Village Square, located in Gorham, Maine. This organization's work is crucial in ensuring that elderly individuals have access to subsidized housing, enhancing their quality of life.
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Impact
October, 2024
Village Square Housing Corporation C/O Avesta Housing significantly enhances the lives of qualified elderly individuals by developing, owning, and managing residential subsidized housing units. Specifically, the organization operates a 36-unit residential care facility known as The Inn at Village Square, located in Gorham, Maine. This facility provides a supportive environment tailored to the needs of seniors, offering safe and affordable housing options that foster community and independence. Through its mission, it addresses the growing demand for accessible living spaces for elderly individuals, ensuring they have a dignified place to call home while receiving the care and support they need.
This information is meant to be a general summary of Village Square Housing Corporation C/O Avesta Housing. 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: $49,421
- Program Service Revenue: $2,663,994
- Gross Receipts: $3,118,186
Assets and Liabilities:
- Total Assets: $5,537,553
- Total Liabilities: $5,948,508
- Net Assets: -$410,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$2,651,135
MISCELLANEOUS INCOME
Revenue
$12,859
Organization Details
Founding Year
1993
Phone
(207) 553-7777Principal Officer
Eric Boucher
Main Address
307 CUMBERLAND AVENUE, PORTLAND, ME, 04101
NTEE Category
Code: L210 - Housing
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