Overview
What is Urban Council Development Incorporated?
Urban Council Development Incorporated, doing business as Villa Alta, is a nonprofit organization situated in San Diego, California. Their primary objective is to offer subsidized low-income housing solutions, as demonstrated by their operation and maintenance of a 70-unit apartment complex, funded under Section 202 of the National Housing Act. Villa Alta's mission is deeply rooted in providing affordable housing options for the community, making a significant impact on the local low-income population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Urban Council Development Incorporated, operating as Villa Alta, has achieved a commendable Four-Star out of Four Star rating from Charity Navigator. This high score reflects strong accountability and finance practices, showcasing the organization’s commitment to transparency and responsible financial management. With a 94% score in this category, Villa Alta indicates effective oversight and ethical governance.
The organization is particularly noted for its governance structure, with 87% of its board members being independent. This independence is essential for objective decision-making and enhances the organization's credibility. Additionally, Villa Alta scores full points in various governance areas, including a robust conflict of interest policy and a comprehensive audit and oversight committee, which reinforces its commitment to ethical operations.
However, while the organization demonstrates a solid program expense ratio of 70.38%, indicating that a significant portion of its funds is directed towards its programs, continuous monitoring of financial health and program effectiveness is crucial for ongoing success. Overall, Villa Alta stands out as a responsible and transparent nonprofit with a strong track record in financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Council Development Incorporated legitimate?
Urban Council Development Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Council Development Incorporated 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $94,461
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What is the mission statement of Urban Council Development Incorporated?
Urban Council Development Incorporated, operating under the name Villa Alta, is committed to providing subsidized housing for individuals with low income. Operating under Section 202 of the National Housing Act, Villa Alta maintains a 70-unit apartment complex in San Diego, CA, with the primary objective of offering affordable housing solutions. The organization's mission is centered around serving this specific demographic, ensuring that they have access to suitable housing options within their means. Villa Alta's operations aim to contribute positively to the community by providing an essential service, thus improving living conditions for the less privileged population.
Who is the CEO of Urban Council Development Incorporated?
Arnulfo Manriquez is the Secretary of Urban Council Development Incorporated.
What is the revenue of Urban Council Development Incorporated?
Urban Council Development Incorporated's revenue in 2022 was $632,072.
Who are the executives of Urban Council Development Incorporated and what are their salaries?
The average compensation at Urban Council Development Incorporated during 2022 was $47,230. There are 2 employees and 7 volunteers at Urban Council Development Incorporated.
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Where can I find the form 990 for Urban Council Development Incorporated?
Urban Council Development Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Urban Council Development Incorporated
Urban Council Development Incorporated, doing business as Villa Alta, is committed to providing subsidized low-income housing. Situated in San Diego, CA, this organization operates and manages a 70-unit apartment complex under Section 202 of the National Housing Act. Villa Alta's mission is centered around offering affordable housing solutions for individuals with limited financial means. This nonprofit organization plays a crucial role in addressing housing disparities and ensuring that every individual has access to a secure living space, regardless of their income level. By providing subsidized housing, Villa Alta contributes to the overall well-being of its community and helps create a more equitable living environment.
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Impact
July, 2024
Urban Council Development Incorporated Dba Villa Alta's impact is crucial in providing subsidized low-income housing in San Diego, CA. By operating and maintaining a 70 unit subsidized low-income housing apartment complex under section 202 of the national housing act, Villa Alta directly addresses the pressing need for affordable housing in the community. Through its dedication to this mission, Villa Alta helps improve the quality of life for individuals and families who may struggle to find safe and affordable housing options.
This information is meant to be a general summary of Urban Council Development Incorporated. 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: $122
- Program Service Revenue: $631,950
- Gross Receipts: $632,072
Assets and Liabilities:
- Total Assets: $4,351,068
- Total Liabilities: $1,259,733
- Net Assets: $3,091,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & VENDING REVENUE
Revenue
$3,391
MISC INCOME
Revenue
$1,829
RENTAL REVENUE
Revenue
$626,387
TENANT CHARGES
Revenue
$343
Organization Details
Founding Year
1994
Phone
(619) 582-2605Principal Officer
Arnulfo Manriquez
Main Address
4227 52ND ST, SAN DIEGO, CA, 92115
NTEE Category
Code: P99 - Human services
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