Overview
What is Victoria Jennings Residences L?
Victoria Jennings Residences L is a nonprofit organization situated in Chicago, Illinois, dedicated to serving the disabled community. Their primary focus is on providing affordable housing solutions, achieved through the management of a 24-unit housing project. The organization's mission is to extend these housing programs to individuals in need, thereby ensuring they have access to suitable living arrangements. The Victoria Jennings Residences L strives to make a tangible difference in the lives of the disabled by offering affordable housing options within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Victoria Jennings Residences L has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance management. The overall score is based solely on its Accountability & Finance score, which stands at 79%. This rating reflects a strong commitment to transparency and good governance, evidenced by 100% independent board members and a robust conflict of interest policy.
The organization excels in its program expense ratio, with nearly 94% of its expenses directed towards programs, demonstrating a strong focus on its mission. Additionally, the audit and oversight committee received full points, which contributes to its credibility in financial management. However, a notable limitation is the liabilities to assets ratio of 165.18%, which raises concerns about its financial stability and may indicate potential challenges in managing its liabilities effectively.
Overall, while Victoria Jennings Residences L shows commendable strengths in governance and program spending, its financial health could benefit from closer scrutiny and improvement to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Victoria Jennings Residences L legitimate?
Victoria Jennings Residences L is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victoria Jennings Residences L 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: $95,507
For more financial information, click here
What is the mission statement of Victoria Jennings Residences L?
Victoria Jennings Residences L, an organization dedicated to affordable housing, aims to provide housing programs for individuals with disabilities. Their mission is carried out through the ownership and operation of a 24-unit housing project, offering affordable living options to those in need. The organization is committed to making a difference in the lives of these individuals, ensuring they have access to suitable housing.
Who is the CEO of Victoria Jennings Residences L?
Pastor Kevin A Ford is the President of Victoria Jennings Residences L.
What is the revenue of Victoria Jennings Residences L?
Victoria Jennings Residences L's revenue in 2022 was $510,640.
Who are the executives of Victoria Jennings Residences L and what are their salaries?
The average compensation at Victoria Jennings Residences L during 2022 was $19,101. There are 5 employees at Victoria Jennings Residences L.
Here are 6 key members and their salaries:
- 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
Where can I find the form 990 for Victoria Jennings Residences L?
Victoria Jennings Residences L's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Victoria Jennings Residences L
Victoria Jennings Residences, a nonprofit organization, is dedicated to providing affordable housing solutions for individuals with disabilities. Their mission is exemplified in their operation of a 24-unit housing project, located in Chicago, Illinois. The primary objective of this organization is to offer housing programs tailored to those in need, contributing significantly to the well-being and independence of the disabled community. By providing affordable housing, Victoria Jennings Residences aims to enhance the quality of life for its residents, ensuring they have a safe and supportive living environment.
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
July, 2024
The impact of Victoria Jennings Residences L is significant as it provides affordable housing for individuals with disabilities in Chicago, IL. By owning and operating a 24-unit housing project, they offer a vital resource for those in need of accessible and supportive housing. This organization plays a crucial role in addressing the housing challenges faced by disabled individuals, ensuring they have a safe and stable place to call home. Through their efforts, Victoria Jennings Residences L positively impacts the lives of their residents by promoting independence, dignity, and quality of life.
This information is meant to be a general summary of Victoria Jennings Residences L. 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: $29
- Program Service Revenue: $498,689
- Gross Receipts: $510,640
Assets and Liabilities:
- Total Assets: $2,200,567
- Total Liabilities: $3,635,114
- Net Assets: -$1,434,547
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.
Net Rental Income
Revenue
$498,689
Organization Details
Founding Year
1997
Principal Officer
Pastor Kevin A Ford
Main Address
624 W 61st Street, CHICAGO, IL, 60621
NTEE Category
Code: L22Z - Housing
If you are a representative of Victoria Jennings Residences L 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.