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Vinfen Corporation Of Forest Inc

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

EIN: 300162656 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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Overview

What is Vinfen Corporation Of Forest Inc?

Vinfen Corporation of Forest Inc, located in Cambridge, Massachusetts, is a dedicated nonprofit organization with a mission to provide housing and a supportive environment for low-income individuals with disabilities. Their primary objective is to promote the health, happiness, and security of these individuals, ensuring they have a place to call home. The organization operates on a non-profit basis, ensuring sufficient funds are available to maintain and manage the homes they provide.


Official website here: www.vinfen.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating.

Vinfen Corporation of Forest Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization has a solid program expense ratio of 76.26%, suggesting that a significant portion of its expenses is directed towards its programs rather than administrative costs. Additionally, the organization has established important governance policies, such as conflict of interest and whistleblower policies, which are all adequately documented.

However, the nonprofit faces notable challenges in its financial health, reflected by a liabilities to assets ratio of 176.71%, indicating potential financial instability. While the board has a satisfactory proportion of independent members, the overall size of independent board members is limited. These factors may raise concerns about the long-term sustainability and governance effectiveness of the organization. Overall, while Vinfen Corporation shows strengths in program funding and policy documentation, it must address its financial liabilities to improve its rating and operational efficiency.


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

Is Vinfen Corporation Of Forest Inc legitimate?

Vinfen Corporation Of Forest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vinfen Corporation Of Forest 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 Forest Inc?

Vinfen Corporation of Forest Inc., as a non-profit organization, is dedicated to providing housing for low-income individuals with disabilities in a specially designed environment. This environment is designed to cater to their unique needs, promoting their health, happiness, and security. The organization operates on a non-profit basis, ensuring that the funds generated are sufficient to maintain and operate the home. Their mission is to provide a safe and supportive living space for these individuals, enhancing their overall well-being.


Official website here: www.vinfen.org

Who is the CEO of Vinfen Corporation Of Forest Inc?

Jean Yang is the Director, Ceo of Vinfen Corporation Of Forest Inc. The CEO's salary of Vinfen Corporation Of Forest Inc is $0 and their total compensation is $414,493.


Official website here: www.vinfen.org

What is the revenue of Vinfen Corporation Of Forest Inc?

Vinfen Corporation Of Forest Inc's revenue in 2022 was $49,046.


Official website here: www.vinfen.org

Who are the executives of Vinfen Corporation Of Forest Inc and what are their salaries?

There 2 volunteers at Vinfen Corporation Of Forest Inc.


Here are 4 key members and their salaries (Vinfen Corporation Of Forest Inc's CEO's salary is $0 and their total compensation is $414,493):


Bruce L Bird (Director, Ceo)
  • Compensation: $0
  • Related: $368,518
  • Other: $45,975
Richard F Sullivan (Director, Treasurer, Secretary/Clerk)
  • Compensation: $0
  • Related: $246,222
  • Other: $43,325
Philip A Mason (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Zintl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vinfen.org

Where can I find the form 990 for Vinfen Corporation Of Forest Inc?

Vinfen Corporation Of Forest 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 Forest Inc

Vinfen Corporation of Forest Inc, as a non-profit organization, is dedicated to providing a specialized living environment for low-income individuals with disabilities. Its mission is to create an atmosphere that caters to their unique needs, fostering their health, happiness, and overall sense of security. The corporation operates on a non-profit basis, ensuring that it has the necessary resources to maintain and run the homes effectively. By offering this housing solution, Vinfen Corporation of Forest Inc seeks to contribute positively to the lives of these individuals, promoting their well-being and enhancing their quality of life.

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Impact




August, 2024

Vinfen Corporation Of Forest 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 in a non-profit setting, Vinfen Corporation Of Forest Inc aims to create a supportive community that enhances the quality of life for its residents. This initiative not only addresses the housing needs of a vulnerable population but also fosters a sense of belonging and well-being.




This information is meant to be a general summary of Vinfen Corporation Of Forest 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
$49,046 (2022)
Expenses
$61,328 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38
  • Program Service Revenue: $49,008
  • Gross Receipts: $49,046

Assets and Liabilities:

  • Total Assets: $527,440
  • Total Liabilities: $885,877
  • Net Assets: -$358,437

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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

$35,193

RENT REVENUE

Revenue

$13,815

Organization Details

Founding Year

2002

Principal Officer

Jean Yang

Main Address

950 CAMBRIDGE STREET, CAMBRIDGE, MA, 02141

NTEE Category

Code: L20 - Housing

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