Overview
What is Mountain Spring Villa Inc?
Mountain Spring Villa Inc is a nonprofit organization situated in Red Lodge, Montana. Their primary mission is to offer affordable and safe housing accommodations to individuals and families with lower incomes. They have successfully purchased land and developed it into 30 mobile home lots, complete with new utility lines for water and sewer, without raising lot rates. This commitment to providing affordable housing has enabled many residents to enjoy a pleasant living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
Mountain Spring Villa Inc has received a Two-Star rating from Charity Navigator, indicating that while there are strengths, there are also areas requiring improvement. The overall score of 70% reflects a stable financial foundation and effective management practices, as evidenced by an independent board and proper documentation of meetings.
The organization boasts a fully independent board with five members, and there are no material diversions of assets, showcasing strong governance. Additionally, a high program expense ratio of 91.17% suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. This is a positive sign for donors interested in the impact of their contributions.
However, the organization has a liabilities to assets ratio of 53.40%, which may raise concerns about financial stability and long-term sustainability. While the accountability and finance score is satisfactory, continued focus on enhancing financial practices could help improve the overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain Spring Villa Inc legitimate?
Mountain Spring Villa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Spring 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: $0
For more financial information, click here
What is the mission statement of Mountain Spring Villa Inc?
Mountain Spring Villa Inc's mission is centered around providing housing accommodations. The organization aims to offer an affordable, safe, and pleasant living space for individuals or families with low to moderate income. To achieve this, they have developed 30 mobile home lots equipped with essential utilities such as water and sewer, without raising the lot rates. This endeavor allows those in need of affordable housing to have a decent place to live.
Who is the CEO of Mountain Spring Villa Inc?
Shane Newton is the President of Mountain Spring Villa Inc.
What is the revenue of Mountain Spring Villa Inc?
Mountain Spring Villa Inc's revenue in 2022 was $82,809.
Who are the executives of Mountain Spring Villa Inc and what are their salaries?
There 4 volunteers at Mountain Spring Villa Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Mountain Spring Villa Inc?
Mountain Spring Villa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mountain Spring Villa Inc
Mountain Spring Villa Inc, a non-profit organization, is committed to providing affordable, safe, and pleasant housing accommodations for individuals and families with low to moderate income. Their mission is to create a living environment that caters to this specific demographic, ensuring they have a comfortable and secure place to call home. To accomplish this, Mountain Spring Villa Inc has gone the extra mile by purchasing land and developing it into 30 mobile home lots equipped with essential utilities like water and sewer. Remarkably, they've managed to achieve this without raising lot rates. This dedication to providing affordable housing options without compromising quality and convenience is a testament to Mountain Spring Villa Inc's mission and its commitment to serving its community.
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Impact
October, 2024
Mountain Spring Villa Inc significantly enhances the quality of life for individuals and families with low to moderate incomes by providing affordable housing options. By developing 30 mobile home lots equipped with essential utilities such as water and sewer, the organization creates a safe and pleasant living environment that fosters community stability. The commitment to maintain affordable lot rates ensures that residents can benefit from secure housing without facing financial strain. This initiative not only addresses immediate housing needs but also contributes to the overall well-being and dignity of those in Red Lodge, MT.
This information is meant to be a general summary of Mountain Spring 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: $51
- Program Service Revenue: $82,758
- Gross Receipts: $82,809
Assets and Liabilities:
- Total Assets: $1,053,874
- Total Liabilities: $600,933
- Net Assets: $452,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOBILE HOME LOT RENT
Revenue
$82,758
Organization Details
Founding Year
2009
Phone
(406) 425-4804Principal Officer
Shane Newton
Main Address
PO BOX 371, RED LODGE, MT, 59068
NTEE Category
Code: L50 - Housing
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