Overview
What is Sunman Area Voluntary Endeavors Inc?
Sunman Area Voluntary Endeavors Inc, also known as Raintree Terrace Apartments, is a nonprofit organization situated in Sunman, Indiana. Established with the purpose of addressing the housing needs of low-income elderly individuals, the organization manages an apartment complex that provides affordable living arrangements. Their mission is to cater to the unique living requirements of eligible residents, ensuring that their rental facilities meet the standards set by the Rural Economic and Community Development Agency. With a team of three dedicated employees, Sunman Area Voluntary Endeavors Inc continues its mission of offering affordable housing solutions to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Sunman Area Voluntary Endeavors Inc demonstrates some strong financial practices, there are notable gaps in accountability and transparency.
The organization scored particularly well in areas like having a majority independent board and maintaining a high program expense ratio, suggesting that a large portion of its funds directly supports its programs. However, its overall accountability score is hampered by the absence of essential policies and missing documentation on its website, which raises concerns about governance and transparency practices.
Despite strong financial metrics, the lack of basic policies such as a conflict of interest policy and a whistleblower policy could undermine stakeholder confidence. Additionally, the missing tax documents on its website might make it difficult for potential donors to assess its financial health fully. Addressing these limitations could improve its overall rating and enhance trust with supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Sunman Area Voluntary Endeavors Inc legitimate?
Sunman Area Voluntary Endeavors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunman Area Voluntary Endeavors 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: $18,417
For more financial information, click here
What is the mission statement of Sunman Area Voluntary Endeavors Inc?
Sunman Area Voluntary Endeavors Inc, as per its mission statement, is dedicated to providing and managing affordable rental housing and related facilities that cater to the unique needs and living requirements of low-income senior citizens. The organization, overseen by the Rural Economic and Community Development Agency, aims to accommodate all eligible residents based on their specific needs. The apartment complex operated by Sunman Area Voluntary Endeavors Inc serves as a residence for elderly individuals with limited income, ensuring they have a suitable living space.
Who is the CEO of Sunman Area Voluntary Endeavors Inc?
Larry Weiler is the Director of Sunman Area Voluntary Endeavors Inc.
What is the revenue of Sunman Area Voluntary Endeavors Inc?
Sunman Area Voluntary Endeavors Inc's revenue in 2022 was $134,714.
Who are the executives of Sunman Area Voluntary Endeavors Inc and what are their salaries?
The average compensation at Sunman Area Voluntary Endeavors Inc during 2022 was $6,139. There are 3 employees and 11 volunteers at Sunman Area Voluntary Endeavors Inc.
Here are 8 key members and their salaries:
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $4,850
- Related: $0
- Other: $0
- Compensation: $4,568
- 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
Where can I find the form 990 for Sunman Area Voluntary Endeavors Inc?
Sunman Area Voluntary Endeavors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sunman Area Voluntary Endeavors Inc
Sunman Area Voluntary Endeavors Inc, as a nonprofit organization, is dedicated to providing and managing affordable rental housing facilities that cater to the unique needs and living requirements of low-income senior citizens. The mission of this organization, as per the Rural Economic and Community Development Agency's guidelines, is to offer suitable housing solutions for eligible individuals. By operating and maintaining an apartment complex, Sunman Area Voluntary Endeavors Inc aims to create a living environment that accommodates the specific needs and preferences of its elderly residents.
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Impact
October, 2024
Sunman Area Voluntary Endeavors Inc significantly impacts the community by providing affordable rental housing specifically tailored for low-income senior citizens. By operating and maintaining an apartment complex, the organization ensures that elderly individuals have access to safe and suitable living arrangements that address their unique needs. This initiative not only enhances the quality of life for its residents but also contributes to the overall well-being of the community by promoting stability and security among older adults. Their commitment to meeting the requirements set by the Rural Economic and Community Development Agency reflects a focused approach to serving a vulnerable population, ultimately fostering a more inclusive and supportive environment in Sunman, IN.
This information is meant to be a general summary of Sunman Area Voluntary Endeavors 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: $1,280
- Program Service Revenue: $133,434
- Gross Receipts: $134,714
Assets and Liabilities:
- Total Assets: $806,792
- Total Liabilities: $367,242
- Net Assets: $439,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$130,307
Laundry receipts
Revenue
$3,127
Organization Details
Founding Year
1990
Phone
(812) 623-4686Principal Officer
Larry Weiler
Main Address
229 South Meridian St APT 33, Sunman, IN, 47041
NTEE Category
Code: L22 - Housing
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