Overview
What is Redeemer Village?
Redeemer Village is a nonprofit organization located in Huntingdon Valley, Pennsylvania, which provides rental housing units for low-income elderly and disabled individuals. The organization, regulated by the U.S. Department of Housing and Urban Development (HUD), offers 150 subsidized units for eligible residents. Residents can enjoy a secure and friendly environment with access to essential services, including bus service for shopping and recreation, 24-hour emergency services, a beauty parlor, game room, general store, gift shop, library, and an organized resident council. In fiscal year 2022, the organization served 163 residents, and it employed a team of ten individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67%, Two-Star out of Four Star rating.
Redeemer Village has received a 67% score from Charity Navigator, indicating it falls into the Two-Star category. While the organization demonstrates strengths in governance, such as having a majority of independent board members and a robust conflict of interest policy, its overall financial management, particularly the program expense ratio, could use improvement.
The accountability and finance score reflects solid practices in board governance and asset management. With no noted issues of material diversion of assets and a commendable liabilities-to-assets ratio, the organization shows a commitment to responsible oversight. However, the relatively low program expense ratio suggests that a smaller percentage of its expenses are directed towards its programs compared to administrative costs, which may raise concerns among potential donors regarding the effectiveness of their contributions.
While Redeemer Village has established a strong foundation in governance and transparency, addressing its financial efficiency could enhance its standing and impact. Improving its program expense ratio would likely lead to more favorable evaluations from stakeholders and the public alike.
This AI summary has been generated from information found on Charity Navigator.
Is Redeemer Village legitimate?
Redeemer Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redeemer Village 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: $73,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,408
For more financial information, click here
What is the mission statement of Redeemer Village?
Redeemer Village is dedicated to providing low-income rental housing for elderly and disabled individuals who meet HUD income requirements. The organization's mission is to create an independent living community where these individuals can reside safely and securely, enjoying companionship and independence in a happy and active atmosphere. Services offered include bus service for shopping and recreational activities, 24-hour emergency services, a beauty parlor, game room, general store, gift shop, library, and an organized resident council. With 150 housing units, the organization served 163 residents during fiscal year 2022. The community's residents live in a secure environment that provides essential amenities and opportunities for an enjoyable lifestyle.
Who is the CEO of Redeemer Village?
Michael B Laign is the Board Member, President/Ceo of Redeemer Village. The CEO's salary of Redeemer Village is $1,035 and their total compensation is $816,147.
What is the revenue of Redeemer Village?
Redeemer Village's revenue in 2022 was $14,141,572.
Who are the executives of Redeemer Village and what are their salaries?
The average compensation at Redeemer Village during 2022 was $20,265. There are 10 employees and 6 volunteers at Redeemer Village.
Here are 16 key members and their salaries (Redeemer Village's CEO's salary is $1,035 and their total compensation is $816,147):
- Compensation: $1,035
- Related: $794,687
- Other: $20,425
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $547
- Related: $420,230
- Other: $94,137
- Compensation: $0
- Related: $179,921
- Other: $39,979
- Compensation: $52,831
- Related: $88,051
- Other: $25,743
- Compensation: $0
- Related: $67,376
- Other: $2,997
- Compensation: $592
- Related: $453,973
- Other: $111,161
- Compensation: $464
- Related: $356,076
- Other: $40,893
- Compensation: $395
- Related: $304,069
- Other: $69,681
- Compensation: $396
- Related: $304,441
- Other: $56,325
- Compensation: $364
- Related: $280,194
- Other: $39,641
Where can I find the form 990 for Redeemer Village?
Redeemer Village's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Redeemer Village
Redeemer Village, a nonprofit organization, is dedicated to providing affordable, HUD-subsidized housing for low-income elderly and disabled individuals. Established to meet the unique needs of this population, the community offers a safe and secure living environment where residents can enjoy companionship and independence. With a mission to uphold the dignity of its residents, Redeemer Village maintains 150 housing units, each pre-qualified under HUD regulations, ensuring that eligible individuals and couples have access to a happy and active atmosphere.
Residents of Redeemer Village live in a warm and welcoming community, enjoying a range of amenities designed to enhance their quality of life. Services offered include access to bus services for shopping and recreational activities, 24-hour on-call emergency services, a beauty parlor, game room, general store, gift shop, library, and an organized resident council. The compassionate and supportive environment at Redeemer Village fosters a sense of belonging and encourages active participation amongst its residents.
In the past fiscal year, Redeemer Village proudly served 163 individuals, providing them with a much-needed sense of security and companionship. By prioritizing the needs of low-income elderly and disabled individuals, Redeemer Village stands as a beacon of hope, offering them the opportunity to live in a thriving and inclusive community.
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Impact
October, 2024
Redeemer Village has a significant impact on the community it serves by providing affordable, HUD-subsidized rental housing for low-income elderly and disabled individuals. By maintaining 150 housing units, it creates a safe and secure environment where residents can live independently while enjoying companionship in a vibrant and active atmosphere. The facilities not only meet housing needs but also foster social engagement through organized activities and amenities such as a game room, library, and beauty parlor.
The support services offered, including 24-hour on-call emergency services and transportation for shopping and recreational activities, enhance the quality of life for residents, ensuring they can access essential services and maintain their independence. In fiscal year 2022, Redeemer Village served 163 residents, significantly impacting the well-being of elderly and disabled individuals in Huntingdon Valley, PA. By addressing housing concerns and promoting an active lifestyle, Redeemer Village plays a crucial role in empowering its residents and enriching the community.
This information is meant to be a general summary of Redeemer Village. 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: $13,177,119
- Program Service Revenue: $864,726
- Gross Receipts: $14,141,572
Assets and Liabilities:
- Total Assets: $14,356,700
- Total Liabilities: $811,422
- Net Assets: $13,545,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$864,726
Organization Details
Founding Year
1977
Phone
(215) 938-7855Principal Officer
Michael B Laign
Main Address
1551 HUNTINGDON PK, HUNTINGDON VALLEY, PA, 19006
NTEE Category
Code: L21Z - Housing
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