Overview
What is Hidden Village Owners Association?
The Hidden Village Owners Association is a nonprofit organization situated in Olympia, Washington, specifically at 4615 17th Lane NE, 98516. Its primary mission is to manage and maintain Hidden Village, a low-income mobile home residential property. This property serves tenants whose household median income does not surpass 80% of the average median household income in Thurston County, as defined by government funding sources. The initial financing for the mobile home park was mainly through forgivable government loans, each of which is classified as a long-term liability until specific low-income restrictions have been met for a specified duration of years. The association operates under the Housing Trust's guidelines, catering to qualified low-income households by renting 20 mobile home lots, with tenants required to maintain income levels below the specified threshold at the time of initial occupancy.
Official website here: www.hiddenvillage.coop
Is Hidden Village Owners Association legitimate?
Hidden Village Owners Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Hidden Village Owners Association 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hiddenvillage.coop
What is the mission statement of Hidden Village Owners Association?
The Hidden Village Owners Association's mission is to maintain a mobile home property comprising 20 lots, primarily for qualified low-income households. The association ensures that tenants' income does not exceed 80% of the median household income in Thurston County at the time of initial occupancy. Rents adhere to funding guidelines. The association's primary financing source for purchasing the mobile home park was forgivable government loans, each of which is considered a long-term liability until the association meets the low-income restrictions for a specified period of years.
Official website here: www.hiddenvillage.coop
Who is the CEO of Hidden Village Owners Association?
Kellie James Divine is the President of Hidden Village Owners Association.
Official website here: www.hiddenvillage.coop
What is the revenue of Hidden Village Owners Association?
Hidden Village Owners Association's revenue in 2022 was $90,974.
Official website here: www.hiddenvillage.coop
Who are the executives of Hidden Village Owners Association and what are their salaries?
There 13 volunteers at Hidden Village Owners Association.
Here are 5 key members and their salaries:
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Official website here: www.hiddenvillage.coop
Where can I find the form 990 for Hidden Village Owners Association?
Hidden Village Owners Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hiddenvillage.coop
Learn more at the official website: www.hiddenvillage.coop
Mission Statement of Hidden Village Owners Association
The Hidden Village Owners Association, a member-owned entity, is dedicated to providing a mobile home park for qualified low-income households. Aligned with housing trust regulations, the association's mission is to maintain a property consisting of 20 mobile home lots. The association upholds a stipulation that these lots can only be occupied by tenants whose household income does not surpass 80% of the average median household income in Thurston County at the time of initial occupancy. Rents are subject to fund guidelines, ensuring affordable living for the residents. The association financed the initial purchase of the mobile home park primarily through forgivable government loans, each of which serves as a long-term liability until the association fulfills the low-income restrictions for a specific period of years.
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Impact
October, 2024
Hidden Village Owners Association plays a critical role in providing stable, affordable housing for low-income households in Olympia, Washington. By managing and maintaining a mobile home park that serves tenants with household incomes not exceeding 80% of the average median household income in Thurston County, the association ensures that these families have access to safe and secure living conditions.
The emphasis on affordability is further reinforced by the use of forgivable government loans, which allows the association to keep rents within the financial reach of its tenants, ultimately fostering a sense of community and stability. By adhering to income restrictions and guidelines, the association not only meets the immediate housing needs of its residents but also contributes to the broader goal of community improvement.
With 20 mobile home lots available, the association creates a supportive environment where residents can thrive, encouraging a collective effort toward maintaining their living space. This initiative has a lasting impact by empowering low-income families in the area, reducing the risk of homelessness, and promoting a sense of belonging among residents.
This information is meant to be a general summary of Hidden Village Owners Association. 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: $196
- Program Service Revenue: $87,837
- Gross Receipts: $90,974
Assets and Liabilities:
- Total Assets: $1,514,822
- Total Liabilities: $1,527,825
- Net Assets: -$13,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$87,837
Organization Details
Founding Year
2014
Phone
(509) 953-8464Principal Officer
Kellie James Divine
Main Address
4615 17TH LANE NE, OLYMPIA, WA, 98516
Website
www.hiddenvillage.coopNTEE Category
Code: S22 - Community improvement
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