Overview
What is Vinfen Corporation Of Plain Inc?
Vinfen Corporation of Plain Inc., located in Cambridge, Massachusetts, is a nonprofit organization with a compassionate mission. Their primary objective is to offer specialized housing for low-income individuals with disabilities. This environment is meticulously designed to cater to their unique needs, promoting their health, happiness, and security. The organization operates on a non-profit basis, ensuring it has the necessary funds to sustain and manage the home.
Official website here: www.vinfen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Vinfen Corporation of Plain Inc has earned a Two-Star rating from Charity Navigator, reflecting a score of 72%. This rating indicates that while the organization demonstrates a reasonable level of accountability and finance, there are areas that require improvement. The charity has a solid program expense ratio of 74.43%, suggesting that a significant portion of funds is directed towards its programs and services, which is a positive aspect.
The organization benefits from a majority independent board, comprising 66% independent members, which is conducive to effective governance. It has also implemented various policies such as conflict of interest and whistleblower policies, which are crucial for maintaining transparency and ethical operations. However, the independent board size is quite limited, with only 2 independent members, which could impact the diversity of perspectives in decision-making.
A notable concern is the high liabilities to assets ratio at 178.72%, indicating that the organization has more liabilities than assets. This financial structure may raise questions about its long-term sustainability and financial health. Overall, while Vinfen Corporation appears to be functioning well in several areas, addressing its financial balance and board composition could enhance its operational effectiveness and reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Vinfen Corporation Of Plain Inc legitimate?
Vinfen Corporation Of Plain Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vinfen Corporation Of Plain 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.vinfen.org
What is the mission statement of Vinfen Corporation Of Plain Inc?
Vinfen Corporation of Plain Inc. is committed to providing low-income individuals with disabilities with housing in a specially designed environment. This environment is designed to cater to their unique needs, promoting their health, happiness, and security. The corporation operates on a non-profit basis, ensuring it has sufficient funds to maintain and manage the home effectively. This mission aims to enhance the quality of life for these individuals, providing them with a secure and supportive living environment.
Official website here: www.vinfen.org
Who is the CEO of Vinfen Corporation Of Plain Inc?
Jean Yang is the Director, Ceo of Vinfen Corporation Of Plain Inc. The CEO's salary of Vinfen Corporation Of Plain Inc is $0 and their total compensation is $414,493.
Official website here: www.vinfen.org
What is the revenue of Vinfen Corporation Of Plain Inc?
Vinfen Corporation Of Plain Inc's revenue in 2022 was $52,170.
Official website here: www.vinfen.org
Who are the executives of Vinfen Corporation Of Plain Inc and what are their salaries?
There 2 volunteers at Vinfen Corporation Of Plain Inc.
Here are 4 key members and their salaries (Vinfen Corporation Of Plain Inc's CEO's salary is $0 and their total compensation is $414,493):
- Compensation: $0
- Related: $368,518
- Other: $45,975
- Compensation: $0
- Related: $246,222
- Other: $43,325
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vinfen.org
Where can I find the form 990 for Vinfen Corporation Of Plain Inc?
Vinfen Corporation Of Plain Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vinfen.org
Learn more at the official website: www.vinfen.org
Mission Statement of Vinfen Corporation Of Plain Inc
Vinfen Corporation of Plain Inc, a distinguished non-profit organization, is committed to providing a specially designed living environment for low-income individuals with disabilities. Their mission is to ensure that these individuals have access to housing that caters to their unique needs, promoting their health, happiness, and security. The organization operates on a non-profit basis, with the revenue generated being sufficient to maintain and manage the homes effectively. By offering such housing, Vinfen Corporation of Plain Inc aims to contribute positively to the lives of these individuals, enhancing their overall well-being and providing a sense of security.
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Impact
August, 2024
Vinfen Corporation Of Plain Inc's impact lies in its dedication to providing low-income disabled individuals with housing in a specially designed environment tailored to meet their needs. By promoting health, happiness, and security through their non-profit initiative, Vinfen Corporation Of Plain Inc significantly enhances the quality of life for individuals facing disabilities. Their commitment to maintaining and operating these homes ensures that vulnerable members of the community have a stable and supportive living environment, ultimately fostering independence and dignity among those they serve.
This information is meant to be a general summary of Vinfen Corporation Of Plain 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: $90
- Program Service Revenue: $52,080
- Gross Receipts: $52,170
Assets and Liabilities:
- Total Assets: $480,076
- Total Liabilities: $830,568
- Net Assets: -$350,492
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$35,653
RENT REVENUE
Revenue
$16,427
Organization Details
Founding Year
2002
Phone
(617) 441-1800Principal Officer
Jean Yang
Main Address
950 CAMBRIDGE STREET, CAMBRIDGE, MA, 02141
Website
www.vinfen.orgNTEE Category
Code: P73 - Human services
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