Overview
What is Harmony Village Inc?
Harmony Village Inc, based in Columbiana, Ohio, is a compassionate nonprofit organization dedicated to serving the needs of low-income elderly individuals. Their primary mission is to provide affordable housing options, striving to make a positive impact on the community by offering suitable living spaces for those in need. Harmony Village's programs are designed with the sole purpose of aiding elderly individuals, ensuring they can maintain a comfortable living situation without financial strain.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Harmony Village Inc has received a Two-Star rating from Charity Navigator, with an overall score of 71%. This score is solely based on the Accountability & Finance beacon, which reflects the organization's financial management and transparency standards. The rating indicates that while the organization has made significant strides in certain areas, there are notable weaknesses in others.
The strengths of Harmony Village Inc include a fully independent board of directors, consistent financial oversight, and a high program expense ratio of 90.17%, demonstrating a strong commitment to its mission-driven activities. The organization has also put in place effective policies regarding conflict of interest and has documented board meeting minutes, which reflect good governance practices.
However, there are limitations that have impacted its overall rating. The organization has a high liabilities to assets ratio of 111.01%, which raises concerns about financial stability. Additionally, several important documents, such as the tax form and whistleblower policy, are missing from the nonprofit's website, which detracts from its overall transparency and accountability efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Harmony Village Inc legitimate?
Harmony Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harmony Village 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: $166,384
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What is the mission statement of Harmony Village Inc?
Harmony Village Inc's mission is centered around providing assistance to those in need, specifically the low-income elderly population. They achieve this by offering affordable housing options as part of their programs. The organization's aim is to help alleviate housing-related challenges for this vulnerable group. By doing so, Harmony Village contributes to improving the living conditions and overall well-being of these individuals, enabling them to live with dignity and independence to the best of their abilities.
What is the revenue of Harmony Village Inc?
Harmony Village Inc's revenue in 2023 was $547,150.
Who are the executives of Harmony Village Inc and what are their salaries?
The average compensation at Harmony Village Inc during 2023 was $27,731. There are 6 employees at Harmony Village Inc.
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Where can I find the form 990 for Harmony Village Inc?
Harmony Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Harmony Village Inc
Harmony Village Inc, a nonprofit organization, is committed to providing housing solutions for low-income elderly individuals. Their mission is to extend a helping hand to those in need, offering affordable housing options as a means of assistance. By providing housing, Harmony Village aims to contribute positively to the lives of this vulnerable population, enabling them to live with dignity and independence.
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Impact
July, 2024
Harmony Village Inc's impact lies in providing crucial housing support for low-income elderly individuals. By offering affordable housing options in Columbiana, OH, Harmony Village helps address the pressing need for accessible housing for this vulnerable population. Through its programs, Harmony Village actively works towards assisting those in need and creating a supportive community for low-income elderly individuals.
This information is meant to be a general summary of Harmony Village 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 2023.
- Investment Income: $4,887
- Program Service Revenue: $223,709
- Gross Receipts: $547,150
Assets and Liabilities:
- Total Assets: $1,209,258
- Total Liabilities: $1,342,463
- Net Assets: -$133,205
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$207,480
LAUNDRY AND VENDING
Revenue
$4,487
TENANT CHARGES
Revenue
$2,307
CABLE TV CHARGES
Revenue
$9,435
Organization Details
Founding Year
1978
Principal Officer
Rachel Miller
NTEE Category
Code: P75 - Human services
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