Overview
What is Our Coastal Village Inc?
Our Coastal Village Inc is a nonprofit organization situated in Paradise Valley, Arizona. Their primary mission is to aid the impoverished, distressed, and disadvantaged individuals residing on the Central Oregon Coast. They accomplish this primarily through the provision of affordable housing, ensuring that seven townhouse units are available to individuals whose income is 80% or less than the area median income. The organization upholds an affordability covenant, ensuring that future buyers or tenants meet these income eligibility criteria. Resale prices are also regulated, increasing annually by a maximum of 2% for each full year of ownership.
Official website here: www.ourcoastalvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Stars
Our Coastal Village Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scored particularly well in several areas, including having a fully independent board and no material diversion of assets, which demonstrates a commitment to transparency and ethical governance. The high program expense ratio indicates that the charity allocates all of its funding towards its programs, which is a positive sign for potential donors.
The charity received full marks for several aspects of its operations, such as the website's accessibility and the presence of a conflict of interest policy. However, it has been noted that there is a missing whistleblower policy, which could be a point of concern for accountability and risk management. This gap might affect stakeholders' confidence in the organization's internal processes, despite its overall strong performance in financial management.
Overall, Our Coastal Village Inc appears to be a reliable nonprofit with a solid reputation for effective use of resources. Potential donors can feel assured about their contributions being utilized for programmatic purposes, although addressing the missing whistleblower policy could further enhance its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Our Coastal Village Inc legitimate?
Our Coastal Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Coastal Village 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.ourcoastalvillage.org
What is the mission statement of Our Coastal Village Inc?
Our Coastal Village Inc is committed to providing relief to the underprivileged, distressed, and disadvantaged individuals primarily on the Central Oregon Coast. They primarily achieve this mission through the provision of affordable housing. The organization oversees an affordability covenant applicable to seven townhouse units. This covenant ensures that future buyers or tenants earning 80% or less of the area median income are eligible. Resale prices for these units are capped, increasing annually by a maximum of 2% for each full year of ownership.
Official website here: www.ourcoastalvillage.org
Who is the CEO of Our Coastal Village Inc?
Unavailable
Official website here: www.ourcoastalvillage.org
What is the revenue of Our Coastal Village Inc?
Our Coastal Village Inc's revenue in 2022 was $120,895.
Official website here: www.ourcoastalvillage.org
Who are the executives of Our Coastal Village Inc and what are their salaries?
There 5 volunteers at Our Coastal Village Inc.
Here are 4 key members and their salaries:
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ourcoastalvillage.org
Where can I find the form 990 for Our Coastal Village Inc?
Our Coastal Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ourcoastalvillage.org
Learn more at the official website: www.ourcoastalvillage.org
Mission Statement of Our Coastal Village Inc
Our Coastal Village Inc, a nonprofit organization, is dedicated to providing relief for the poor, distressed, and disadvantaged individuals residing on the Central Oregon Coast. Their primary method of relief is through the provision of affordable housing. By implementing an affordability covenant, they ensure that seven townhouse units are available for purchase or rent by individuals whose income is at or below 80% of the area median income. This covenant is a commitment that future buyers or tenants must meet the income eligibility criteria and that resale prices cannot exceed the initial purchase price plus a 2% increase for each full year of ownership. By providing affordable housing, Our Coastal Village Inc is helping those in need to secure a stable living situation, a crucial step towards improving their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Our Coastal Village Inc significantly impacts the Central Oregon Coast by providing vital support to underserved communities, specifically through affordable housing initiatives. By overseeing affordability covenants for seven townhouse units, the organization ensures that housing remains accessible to individuals and families earning at or under 80% of the area median income. This initiative not only helps alleviate the financial burdens faced by low-income residents but also promotes community stability and growth.
All future buyers or tenants of these units are required to meet income eligibility criteria, fostering an environment where lower-income families can secure stable, long-term housing. The resale price restrictions guarantee that these properties remain affordable over time, further contributing to the economic well-being of the community. By focusing on the needs of the poor, distressed, and disadvantaged, Our Coastal Village Inc plays a crucial role in enhancing quality of life and improving housing equity in the region.
This information is meant to be a general summary of Our Coastal Village 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: -$49,563
- Program Service Revenue: $14,500
- Gross Receipts: $120,895
Assets and Liabilities:
- Total Assets: $2,851,716
- Total Liabilities: $422,500
- Net Assets: $2,429,216
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FGT DEF DEV FEES
Revenue
$14,500
Organization Details
Founding Year
2009
Main Address
8857 N 63RD PLACE, PARADISE VALLEY, AZ, 85253
Website
www.ourcoastalvillage.orgNTEE Category
Code: L20 - Housing
If you are a representative of Our Coastal Village Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.