Overview
What is Village Housing Development Fund Corporation?
Village Housing Development Fund Corporation, situated in New York City, is a nonprofit organization that specializes in providing assisted living, independent living, and enriched housing programs. Their mission encompasses aiding individuals with daily activities, medication assistance, housekeeping, and engaging activities, as well as offering restaurant-style meals. In 2022, they provided housing, meals, and care for over 31,961 resident days, demonstrating their commitment to supporting their residents. The organization, which employs 45 individuals, is dedicated to enhancing the quality of life for its residents by offering a comprehensive range of services.
Official website here: www.villagecare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Village Housing Development Fund Corporation has earned an 81% rating from Charity Navigator, indicating a generally solid performance in accountability and finance. This rating is based solely on their Accountability & Finance score, reflecting the organization's practices in governance and financial management.
Strengths of the organization include an entirely independent board of directors, with 87% of members being independent, and a transparent financial oversight structure, as evidenced by a comprehensive audit and oversight committee. Their program expense ratio is commendable at 89.01%, suggesting that a significant portion of their funds is directed towards their mission-related work. Additionally, they have robust policies in place for conflicts of interest, whistleblowing, and document retention.
However, while the financial practices are strong, the significant salaries of key personnel may raise concerns about resource allocation. The highest salary reported is over $1.2 million for the CEO. Potential donors and stakeholders might want to consider this aspect when evaluating the organization's overall efficiency and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Village Housing Development Fund Corporation legitimate?
Village Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Housing Development Fund Corporation 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: $331,162
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,565,890
For more financial information, click here
Official website here: www.villagecare.org
What is the mission statement of Village Housing Development Fund Corporation?
The Village Housing Development Fund Corporation (VHDFC) operates a program that provides assistance for individuals residing in Medicare-assisted living, independent living, and enriched housing environments. Their mission involves offering support with activities of daily living, medication management, housekeeping, engaging activities, and restaurant-style meals. In 2022, VHDFC provided housing, food, and care for over 30,150 resident days, as per the available data. The organization's goal is to enhance the quality of life for its residents, ensuring they receive the necessary care and services needed to maintain their independence.
Official website here: www.villagecare.org
Who is the CEO of Village Housing Development Fund Corporation?
Emma Devito is the President And Ceo of Village Housing Development Fund Corporation. The CEO's salary of Village Housing Development Fund Corporation is $0 and their total compensation is $1,303,885.
Official website here: www.villagecare.org
What is the revenue of Village Housing Development Fund Corporation?
Village Housing Development Fund Corporation's revenue in 2022 was $5,912,679.
Official website here: www.villagecare.org
Who are the executives of Village Housing Development Fund Corporation and what are their salaries?
The average compensation at Village Housing Development Fund Corporation during 2022 was $42,157. There are 45 employees and 7 volunteers at Village Housing Development Fund Corporation.
Here are 13 key members and their salaries (Village Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $1,303,885):
- Compensation: $0
- Related: $1,226,152
- Other: $77,733
- Compensation: $0
- Related: $624,115
- Other: $77,733
- Compensation: $0
- Related: $557,781
- Other: $43,962
- Compensation: $286,116
- Related: $0
- Other: $45,046
- Compensation: $126,869
- Related: $0
- Other: $25,506
- Compensation: $107,002
- Related: $0
- Other: $11,724
- 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.villagecare.org
Where can I find the form 990 for Village Housing Development Fund Corporation?
Village Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.villagecare.org
Learn more at the official website: www.villagecare.org
Mission Statement of Village Housing Development Fund Corporation
Village Housing Development Fund Corporation, abbreviated as VHDFC, operates a comprehensive living program that caters to individuals requiring assistance. This program encompasses Medicaid-assisted living, independent living, and enriched housing. VHDFC's mission is to provide essential services to its residents, ensuring they lead comfortable and fulfilling lives. These services include assistance with daily living tasks, medication management, housekeeping, an engaging activities program, and restaurant-style meals. In 2022, VHDFC demonstrated its commitment by offering housing, food, and care to over 31,961 resident days. This figure underscores VHDFC's dedication to providing a nurturing environment where its residents can thrive.
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Impact
October, 2024
The Village Housing Development Fund Corporation (VHDFC) significantly enhances the quality of life for individuals requiring assisted living, independent living, and enriched housing services. By operating a comprehensive Medicaid-assisted living program, VHDFC facilitates essential support for daily activities, medication management, housekeeping, and provides engaging activities tailored to residents' needs.
In 2022 alone, VHDFC successfully delivered housing, nourishment, and care across more than 31,961 resident days, demonstrating its vital role in addressing the housing and care needs of the community in New York. The restaurant-style meals and dynamic activities programs foster a sense of community and well-being among residents, promoting mental health and social interaction. Overall, VHDFC's impact is profound, providing not just a roof over residents' heads but a supportive environment that encourages independence and enhances overall quality of life.
This information is meant to be a general summary of Village Housing Development Fund Corporation. 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: $4,682
- Program Service Revenue: $3,759,754
- Gross Receipts: $5,912,679
Assets and Liabilities:
- Total Assets: $10,098,334
- Total Liabilities: $12,194,654
- Net Assets: -$2,096,320
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,528,239
SERVICE REVENUE
Revenue
$2,231,515
Organization Details
Founding Year
1998
Phone
(212) 337-5710Principal Officer
Emma Devito
Main Address
120 Broadway Suite 2840, New York, NY, 10271
Website
www.villagecare.orgNTEE Category
Code: L21 - Housing
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