Villas De Santa Lucia Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262818954 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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Overview

What is Villas De Santa Lucia Inc?

Villas De Santa Lucia Inc is a nonprofit organization situated in Carbondale, Colorado, specifically at 6240 SMITH ROAD, Denver. The primary mission of this organization is to provide affordable housing options for low- and moderate-income families, as well as the elderly. With a modest workforce of two individuals, Villas De Santa Lucia Inc has established a 61-unit housing complex to cater to the housing needs of this demographic. The organization's core activity involves offering affordable living spaces, contributing positively to the local community by ensuring that a diverse range of individuals have access to suitable housing solutions.


Official website here: www.archdiocesanhousing.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Villas De Santa Lucia Inc has received an 81% score, equating to a Three-Star rating, which reflects strong performance in accountability and finance. The rating indicates that the organization is effectively managing its resources, with a notably high program expense ratio of 90.01%, suggesting a significant portion of its expenditures directly supports its mission.

The organization excels in several key governance aspects, such as having an entirely independent board and established policies for conflict of interest and whistleblowing. These factors contribute positively to its accountability framework, ensuring transparency and ethical management practices. The audit and oversight mechanisms in place appear robust, enhancing confidence in the organization’s financial health.

However, a significant concern arises from the liabilities to assets ratio of 142.84%, which indicates that the organization has more liabilities than assets. This could imply potential financial vulnerabilities that may affect its operational stability in the long term. While the overall governance and transparency are commendable, stakeholders might want to consider the financial sustainability of Villas De Santa Lucia Inc moving forward.


This AI summary has been generated from information found on Charity Navigator.

Is Villas De Santa Lucia Inc legitimate?

Villas De Santa Lucia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villas De Santa Lucia 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


Official website here: www.archdiocesanhousing.org

What is the mission statement of Villas De Santa Lucia Inc?

Villas De Santa Lucia Inc is committed to providing affordable housing options for families with modest incomes and the elderly. Their mission statement, in essence, is to serve as a shelter and a home, making housing accessible for individuals who may otherwise struggle with high housing costs. The organization strives to create a living environment that caters to the needs of its residents, ensuring they can live with dignity and comfort. Their housing complex, located in an unspecified location, currently houses 61 low-income families, indicating their dedication to this cause.


Official website here: www.archdiocesanhousing.org

Who is the CEO of Villas De Santa Lucia Inc?

Philip Vottiero is the Vp Of Develo of Villas De Santa Lucia Inc.


Official website here: www.archdiocesanhousing.org

What is the revenue of Villas De Santa Lucia Inc?

Villas De Santa Lucia Inc's revenue in 2022 was $661,013.


Official website here: www.archdiocesanhousing.org

Who are the executives of Villas De Santa Lucia Inc and what are their salaries?

There are 2 employees and 4 volunteers at Villas De Santa Lucia Inc.


Here are 8 key members and their salaries:


Justin Raddatz (Vp Of Develo)
  • Compensation: $0
  • Related: $161,899
  • Other: $39,999
Philip Vottiero (Cfo)
  • Compensation: $0
  • Related: $154,011
  • Other: $19,832
Maria Rightmyer (Vp Of Housin)
  • Compensation: $0
  • Related: $115,423
  • Other: $7,321
Jeff Boyd (Vice Preside)
  • Compensation: $0
  • Related: $81,452
  • Other: $38,596
Melissa Bleser (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Gross (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Monroe (Treasurer Ef)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominic Palazzo (Treasurer Th)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.archdiocesanhousing.org

Where can I find the form 990 for Villas De Santa Lucia Inc?

Villas De Santa Lucia Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.archdiocesanhousing.org

Learn more at the official website: www.archdiocesanhousing.org

Mission Statement of Villas De Santa Lucia Inc

Villas De Santa Lucia Inc is committed to providing affordable housing options for low- and moderate-income families and the elderly. This nonprofit organization aims to address the housing needs of individuals who may struggle to afford market rates, ensuring they have access to safe and comfortable living spaces. By offering affordable housing, Villas De Santa Lucia Inc strives to contribute to the well-being and stability of its community members, providing a sense of security and support.

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Impact




July, 2024

Villas De Santa Lucia Inc's impact can be seen in the provision of affordable housing for low- and moderate-income families and elderly individuals. The organization operates a housing complex consisting of 61 units in Carbondale, Colorado, catering to those in need of affordable living options. By fulfilling its mission to offer housing solutions for vulnerable populations, Villas De Santa Lucia Inc contributes to alleviating housing insecurity and promoting stability within the community.




This information is meant to be a general summary of Villas De Santa Lucia 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.

Revenue
$661,013 (2022)
Expenses
$783,741 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,056
  • Program Service Revenue: $659,957
  • Gross Receipts: $661,013

Assets and Liabilities:

  • Total Assets: $1,716,159
  • Total Liabilities: $2,490,797
  • Net Assets: -$774,638

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOW-INCOME HOUSING RENT

Revenue

$639,531

OTHER TENANT CHARGES

Revenue

$20,426

Organization Details

Founding Year

2009

Principal Officer

Philip Vottiero

Main Address

6240 SMITH ROAD, DENVER, CO, 80216

NTEE Category

Code: L22 - Housing

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