Overview
What is Country Village Development Inc?
Country Village Development Inc is a dedicated nonprofit organization that prioritizes affordability in housing. Based on the information provided, their mission revolves around offering low-income housing solutions. They run a 10-unit housing project under Federal Housing Administration (FHMA) regulations as part of their programs, demonstrating their commitment to serving those with limited financial resources. The organization operates under these guidelines, aiming to provide suitable living spaces for individuals and families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Country Village Development Inc has received a high rating of 94%, indicating strong performance in its accountability and financial practices. This score is derived entirely from its Accountability & Finance metrics, emphasizing the organization’s commitment to transparency and responsible fund management.
The organization boasts a fully independent board, with 100% of its members meeting independence criteria. It also scores perfectly in several key areas, including having no material diversion of assets and comprehensive policies for conflict of interest, whistleblowing, and document retention. These factors contribute to a robust governance structure that supports ethical operational standards.
Financially, the nonprofit demonstrates sound stewardship of its resources, with a low liabilities-to-assets ratio of 8.34% and a high program expense ratio of 83.76%. This suggests that a significant portion of its funds are directed towards its mission-driven activities. Overall, Country Village Development Inc appears to be a well-managed organization with a strong focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Country Village Development Inc legitimate?
Country Village Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Country Village Development 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: $10,642
For more financial information, click here
What is the mission statement of Country Village Development Inc?
Country Village Development Inc's mission is centered around providing affordable housing for individuals with low income. This mission is carried out through the operation of a 10-unit housing project, adhering to regulations set by the Federal Housing Administration (FHMA). The organization's activities are geared towards fulfilling this mission, ensuring that suitable housing options are available to those in need.
Who is the CEO of Country Village Development Inc?
Mitchell Walters is the President of Country Village Development Inc.
What is the revenue of Country Village Development Inc?
Country Village Development Inc's revenue in 2022 was $56,747.
Who are the executives of Country Village Development Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Country Village Development Inc?
Country Village Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Country Village Development Inc
Country Village Development, as a nonprofit organization, is committed to providing affordable housing solutions for individuals with low income. In line with this mission, the organization owns and manages a 10-unit housing project, adhering to the regulations set by the Federal Housing Administration (FHMA). This venture is an integral part of Country Village Development's programs, demonstrating their dedication to making housing accessible for those who need it most. By offering low income housing, Country Village Development contributes to the wellbeing of its community, providing a safe and stable living environment for its residents.
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Impact
August, 2024
Country Village Development Inc's impact is significant as it provides low-income housing to those in need. With a mission focused on offering affordable housing options, the organization owns and operates a 10-unit low-income housing project under FMHA regulations in Whitestown, IN. By providing this essential service, Country Village Development Inc plays a vital role in helping individuals and families access safe and affordable housing opportunities, thereby contributing to the overall well-being of the community.
This information is meant to be a general summary of Country Village Development 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
- Program Service Revenue: $56,510
- Gross Receipts: $56,747
Assets and Liabilities:
- Total Assets: $1,574,413
- Total Liabilities: $131,442
- Net Assets: $1,442,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL RECEIPTS
Revenue
$54,430
TENANT ASSISTANCE PAYM
Revenue
$2,080
Organization Details
Founding Year
1986
Phone
(574) 773-2910Principal Officer
Mitchell Walters
Main Address
8 S MAIN STREET 101, WHITESTOWN, IN, 46075
NTEE Category
Code: L21 - Housing
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