Overview
What is Villa Ciera Inc?
Villa Ciera Inc, established in 1999 as a Wisconsin non-stock corporation, is a dedicated nonprofit organization situated in Fox Point, Wisconsin. Their primary mission is to provide a senior housing facility, specifically a 71-unit complex, in Kenosha, Wisconsin. The facility was created with the support of a mortgage backed by the U.S. Department of Housing and Urban Development, under the National Housing Act's Section 221(D)(3)/223(A)(7). The organization's efforts cater to the housing needs of senior citizens in the Kenosha community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
Villa Ciera Inc has received a rating indicating a need for improvement, with a score of 71%. While the organization has a strong structure in terms of governance, with 100% independent board members and a robust audit and oversight committee, there are significant concerns related to financial management. The organization has a very high liabilities to assets ratio of 126.65%, which reflects potential financial stability issues.
The nonprofit excels in several areas, including having no material diversion of assets and a 100% program expense ratio, suggesting that all its resources are directed towards its mission. Additionally, it maintains transparency through documented board meeting minutes and has a clearly defined conflict of interest policy. These strengths highlight a commitment to accountability and effective oversight.
However, limitations are evident in the lack of a whistleblower policy and missing documentation for retention and destruction procedures. Furthermore, the absence of the nonprofit’s tax form on its website raises concerns about transparency and public access to financial data. Addressing these weaknesses could enhance the organization’s overall performance and trustworthiness in the eyes of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Ciera Inc legitimate?
Villa Ciera Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Ciera 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
What is the mission statement of Villa Ciera Inc?
Villa Ciera Inc, established in 1999, was formed with the mission to provide a senior housing facility. This organization, operating under Wisconsin law, aimed to construct a 71-unit senior housing facility, secured with a mortgage backed by the U.S. Department of Housing and Urban Development, as per the National Housing Act's Section 221(D)(3)/223(A)(7). The housing facility received its certificate of occupancy in 2001. In essence, Villa Ciera Inc's primary objective was to provide senior housing accommodations.
Who is the CEO of Villa Ciera Inc?
Philip Schultz is the President of Villa Ciera Inc.
What is the revenue of Villa Ciera Inc?
Villa Ciera Inc's revenue in 2022 was $804,269.
Who are the executives of Villa Ciera Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $8,347
- Other: $0
- Compensation: $0
- Related: $5,565
- Other: $0
- Compensation: $0
- Related: $5,565
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Villa Ciera Inc?
Villa Ciera Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Villa Ciera Inc
Villa Ciera Inc, established in 1999, was founded with a mission to provide senior housing facilities. This non-profit corporation, functioning under the Wisconsin Statutes, set its sights on constructing a 71-unit senior housing complex. To further support this endeavor, Villa Ciera secured a mortgage insured by the U.S. Department of Housing and Urban Development, leveraging Section 221(D)(3)/223(A)(7) of the National Housing Act. After extensive planning and development, Villa Ciera officially opened its doors on March 5, 2001, providing a safe and comfortable living space for senior citizens. The organization's mission continues to be centered around providing senior housing facilities, aiming to contribute positively to the lives of elderly individuals.
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Impact
October, 2024
Villa Ciera Inc has a significant impact on the community by providing a dedicated housing solution for seniors in Kenosha, Wisconsin. With its 71-unit senior housing facility, it addresses the critical need for safe, accessible, and affordable living options for elderly individuals. This initiative facilitates improved quality of life, offering a supportive environment where seniors can thrive.
By catering specifically to the senior population, Villa Ciera Inc enhances social connections, promotes independence, and fosters a sense of community among its residents. The facility, backed by a mortgage insured by the U.S. Department of Housing and Urban Development, ensures financial stability and adherence to housing standards, contributing to the well-being of its residents and the overall community.
Since opening its doors in March 2001, Villa Ciera Inc has been pivotal in enhancing housing accessibility for seniors, playing a crucial role in meeting the unique needs of this demographic and positively impacting the Kenosha area.
This information is meant to be a general summary of Villa Ciera 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 2022.
- Investment Income: $444
- Program Service Revenue: $803,825
- Gross Receipts: $804,269
Assets and Liabilities:
- Total Assets: $3,448,825
- Total Liabilities: $4,565,154
- Net Assets: -$1,116,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$763,728
PARKING INCOME
Revenue
$22,976
CABLE INCOME
Revenue
$7,840
LAUNDRY INCOME
Revenue
$6,842
STORAGE INCOME
Revenue
$2,080
Organization Details
Founding Year
1999
Phone
(414) 588-2221Principal Officer
Philip Schultz
Main Address
7861 NORTH FAIRCHILD ROAD, FOX POINT, WI, 53217
NTEE Category
Code: L22 - Housing
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