Overview
What is Vance Housinginc?
Vance Housinginc is a nonprofit organization situated in Beckley, West Virginia. Their primary mission is to provide housing for individuals who are chronically mentally ill, ensuring they have a safe and secure living environment. This includes individuals who have been deinstitutionalized, are low-income, disabled, or are at risk of becoming homeless. The corporation leases sixteen units specifically for this purpose, demonstrating their commitment to supporting this vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Vance Housinginc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating is based entirely on the organization's accountability and finance metrics, indicating a strong commitment to transparency and effective financial practices. The most recent fiscal year is FY2023, and the organization has demonstrated a high level of accountability, particularly through its governance and financial health.
Key strengths of Vance Housinginc include having a fully independent board with all ten members meeting this criterion. The organization has also successfully maintained no material diversion of assets, ensuring that resources are utilized for their intended purposes. Further, the program expense ratio stands at an impressive 70.75%, indicating that a significant portion of the organization's expenses is directed towards its programs rather than administrative costs.
However, while the rating reflects solid performance in key areas, ongoing monitoring of financial practices and governance will be essential for maintaining and improving their rating. Overall, Vance Housinginc appears to be a reliable nonprofit with a strong framework for accountability and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Vance Housinginc legitimate?
Vance Housinginc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vance Housinginc 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: $32,618
For more financial information, click here
What is the mission statement of Vance Housinginc?
Vance Housinginc is dedicated to providing housing solutions for individuals who are chronically mentally ill. This organization leases sixteen units specifically for mentally ill individuals who have been de-institutionalized, fall under the low-income and disabled category, or are at risk of becoming homeless. The mission of Vance Housinginc is to offer a safe and supportive living environment for these individuals, aiming to improve their overall quality of life. By providing housing, the corporation plays a crucial role in promoting mental health stability and well-being.
Who is the CEO of Vance Housinginc?
Brian Buchanan is the President of Vance Housinginc.
What is the revenue of Vance Housinginc?
Vance Housinginc's revenue in 2022 was $114,093.
Who are the executives of Vance Housinginc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Vance Housinginc?
Vance Housinginc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vance Housinginc
Vance Housinginc, as a nonprofit organization, is committed to providing housing for individuals who are chronically mentally ill. This mission is carried out through leasing sixteen units that serve as homes for mentally ill individuals who have been de-institutionalized, have low income, or are at risk of becoming homeless. The corporation's primary goal is to offer a safe and supportive living environment for these individuals, helping them maintain their independence and stability. By providing housing, Vance Housinginc plays a crucial role in ensuring that individuals with mental illnesses have access to the care and support they need, thereby improving their overall quality of life.
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Impact
October, 2024
Vance Housinginc plays a crucial role in addressing the housing needs of individuals experiencing chronic mental illness. By leasing sixteen units, the organization provides stable housing for those who are de-institutionalized, low-income, disabled, or at risk of becoming homeless. This support not only offers a safe and secure living environment but also fosters a sense of community and belonging for its residents.
The impact of Vance Housinginc extends beyond basic shelter; it enhances the quality of life for its residents by facilitating access to essential services and promoting independence. By alleviating housing instability, the organization helps mitigate the challenges that individuals with mental health issues often face, enabling them to focus on recovery and personal growth. Ultimately, Vance Housinginc's efforts contribute to strengthening the overall well-being of the community in Beckley, WV, by reducing homelessness and supporting some of its most vulnerable members.
This information is meant to be a general summary of Vance Housinginc. 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: -$24,822
- Program Service Revenue: $45,544
- Gross Receipts: $138,955
Assets and Liabilities:
- Total Assets: $629,884
- Total Liabilities: $42,998
- Net Assets: $586,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$45,544
Organization Details
Founding Year
1999
Principal Officer
Brian Buchanan
Main Address
PO BOX 1780, BECKLEY, WV, 25801
NTEE Category
Code: L028 - Housing
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