Overview
What is Willowview Inc?
Willowview Inc is a nonprofit organization established with the purpose of constructing, owning, and operating a 15-unit apartment community in Madison, Indiana. This project, named Willowview Apartments, aligns with Section 811 of the National Affordable Housing Act. The corporation has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD, enabling it to operate the project in accordance with their standards. Willowview Inc's mission is to provide housing facilities and services aimed at improving the welfare of individuals with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Willowview Inc has received a solid Three-Star rating from Charity Navigator, reflecting its commitment to accountability and finance, with an overall score of 85%. The charity demonstrates strong governance as indicated by its independent board, which comprises entirely of independent members and adheres to comprehensive policies such as conflict of interest and whistleblower policies.
The organization maintains a healthy financial profile with a low liabilities to assets ratio of 6.39%, showcasing its stability. Additionally, its program expense ratio of 66.37% indicates that a significant portion of its expenditures is directed towards its mission-related activities, although it falls slightly short of the ideal benchmark.
Despite its strengths, the program expense ratio could be improved to enhance its financial efficiency further. Nevertheless, Willowview Inc exemplifies a well-managed nonprofit, with transparency and responsible oversight being central to its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Willowview Inc legitimate?
Willowview Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Willowview 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: $13,407
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What is the mission statement of Willowview Inc?
Willowview Inc, as per its organizational objectives, was established to construct, own, and operate a 15-unit apartment community, known as Willowview Apartments. This initiative is in compliance with Section 811 of the National Affordable Housing Act. The corporation has entered into regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of the project. In simpler terms, Willowview Inc's mission is to provide affordable housing solutions in accordance with federal regulations.
Who is the CEO of Willowview Inc?
Dan Mcneely is the Director of Willowview Inc.
What is the revenue of Willowview Inc?
Willowview Inc's revenue in 2023 was $79,499.
Who are the executives of Willowview Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Willowview Inc?
Willowview Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Willowview Inc
Willowview Inc, a nonprofit organization, was established with a mission to construct, own, and operate a 15-unit apartment community, named Willowview Apartments, in compliance with Section 811 of the National Affordable Housing Act. Their purpose is achieved through entering into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. This mission is aimed at providing affordable housing solutions, catering to individuals in need. Willowview Inc's work aligns with the broader objective of enhancing housing opportunities and promoting economic stability for various communities.
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Impact
August, 2024
Willowview Inc's impact is primarily focused on promoting the welfare of handicapped persons through the provision of housing facilities and services. By constructing, owning, and operating a 15-unit apartment community in Madison, Indiana known as Willowview Apartments, Willowview Inc is ensuring that individuals with disabilities have access to affordable and suitable housing. This initiative not only addresses the housing needs of handicapped individuals but also contributes towards creating a more inclusive and supportive community environment.
This information is meant to be a general summary of Willowview 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: $15
- Program Service Revenue: $54,335
- Gross Receipts: $79,499
Assets and Liabilities:
- Total Assets: $631,612
- Total Liabilities: $40,381
- Net Assets: $591,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$54,335
Organization Details
Founding Year
2002
Phone
(812) 314-3420Principal Officer
Dan Mcneely
Main Address
720 N MARR ROAD, COLUMBUS, IN, 47201
NTEE Category
Code: L21 - Housing
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