Overview
What is Villa Greentree Inc?
Villa Greentree Inc is a nonprofit corporation established in accordance with Indiana's not-for-profit statutes. Its primary mission is to operate Yellowwood Terrace, a 202-unit housing community situated in Clarksville, Indiana. This facility is designed to provide affordable housing for low-income elderly individuals, in compliance with Section 202 of the National Housing Act. The original mortgage for the project was later refinanced under Section 207, adhering to Section 223(F) of the same act. Villa Greentree Inc's purpose is to enhance the living conditions of elderly individuals with limited financial resources, thereby contributing to their overall well-being.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Villa Greentree Inc has received an 81% rating from Charity Navigator, which reflects a strong emphasis on accountability and finance. The organization boasts a fully independent board, with 8 out of 8 members meeting independence criteria, and demonstrates robust financial oversight with a high program expense ratio of 87.68%. This indicates that a significant portion of their funds is directed toward their programs rather than administrative costs.
The organization excels in several key areas, including maintaining a conflict of interest policy, a whistleblower policy, and proper documentation practices. Their financial statements are audited, and there have been no reported material diversions of assets, suggesting strong governance practices and transparency. These factors contribute to their positive accountability and financial management score.
However, the data reveals high salaries for key personnel, with the President/CEO earning $608,035 and other executives also receiving substantial compensation. While this may raise concerns for some donors regarding administrative expenses, the overall financial health and transparency of Villa Greentree Inc position it as a relatively trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Greentree Inc legitimate?
Villa Greentree Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Greentree 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.rhf.org
What is the mission statement of Villa Greentree Inc?
Villa Greentree Inc, as a not-for-profit corporation, was established under the statutes of Indiana with a primary objective. This objective involves operating a 202-unit housing community named Yellowwood Terrace, catering to low-income elderly individuals. This undertaking is in compliance with Section 202 of the National Housing Act, which was later refinanced under Section 207, following Section 223(F) of the same act. The purpose of this community is to provide suitable housing for this specific demographic.
Official website here: www.rhf.org
Who is the CEO of Villa Greentree Inc?
Hartman Stuart J is the CEO of Villa Greentree Inc The CEO's salary of Villa Greentree Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Villa Greentree Inc?
Villa Greentree Inc's revenue in 2024 was $2,347,222.
Official website here: www.rhf.org
Who are the executives of Villa Greentree Inc and what are their salaries?
Here are 36 key members and their salaries (Villa Greentree Inc's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.rhf.org
Where can I find the form 990 for Villa Greentree Inc?
Villa Greentree Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Villa Greentree Inc
Villa Greentree Inc, a not-for-profit corporation, was established in accordance with the not-for-profit statutes of Indiana. Its primary mission is to operate a community housing facility, known as Yellowwood Terrace, which offers residential accommodations for low-income elderly individuals. This community is established under Section 202 of the National Housing Act and has been subsequently refinanced under Section 207, as per Section 223(F) of the same Act. The purpose of Villa Greentree Inc's mission is to provide a safe and comfortable living environment for this specific demographic, ensuring they have access to adequate housing.
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Impact
October, 2024
Villa Greentree Inc significantly impacts the community by operating the Yellowwood Terrace, a 202-unit housing facility in Clarksville, Indiana, dedicated to serving low-income elderly individuals. This initiative not only addresses the urgent need for affordable housing among senior citizens but also fosters a supportive environment that enhances their quality of life.
By providing stable and accessible living arrangements, Villa Greentree Inc plays a critical role in ensuring that elderly residents have a safe place to call home. The organization aligns its efforts with the provisions of the National Housing Act, demonstrating a commitment to both legal and social responsibilities.
In addition to housing, the facility can serve as a hub for community engagement and support services, allowing residents to connect with one another and access resources that promote their well-being. The refinanced mortgage structure under the National Housing Act further positions Villa Greentree Inc to sustain and expand its impact, ensuring that essential services for low-income elderly individuals remain available.
This information is meant to be a general summary of Villa Greentree 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 2024.
- Investment Income: $56,021
- Program Service Revenue: $963,896
- Gross Receipts: $2,347,222
Assets and Liabilities:
- Total Assets: $7,196,338
- Total Liabilities: $6,435,470
- Net Assets: $760,868
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$963,896
Organization Details
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