Overview
What is Caravilla Inc?
Caravilla Inc, based in Janesville, Wisconsin, is a dedicated nonprofit organization that offers affordable housing solutions for adults, including veterans in need of transitionary residential services. Their mission involves supporting various not-for-profit entities, such as Rock Valley Community Programs, Inc., by managing real estate to provide operational locations. Caravilla Inc's primary focus is on providing essential services to adults, including veterans, aiming to assist them in reintegrating into the community. The organization's operations include acquiring, leasing, developing, and managing real estate to cater to the needs of these individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
Caravilla Inc has earned a Two-Star rating with a score of 68%, indicating that while it has some strengths, there are notable areas that require improvement. The organization exhibits a strong commitment to program expenses, with 81.23% of its budget directed towards programs. Additionally, it maintains a conflict of interest policy and a whistleblower policy, which are important for governance and accountability.
However, the organization falls short in several aspects related to its financial transparency and governance. It has only 66% of its board composed of independent members, and it lacks an independent board size. Furthermore, the nonprofit has not provided its website on its tax form, nor does it maintain a document retention policy. There is also a concerning liabilities to assets ratio of 85.44%, which warrants further scrutiny.
Overall, while Caravilla Inc demonstrates a commitment to its mission with significant program spending, improvements in governance practices and financial transparency are necessary to enhance stakeholder trust and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Caravilla Inc legitimate?
Caravilla Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caravilla 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: $0
For more financial information, click here
What is the mission statement of Caravilla Inc?
Caravilla Inc, as an organization, focuses on providing operational locations for various not-for-profit entities, with Rock Valley Community Programs, Inc. being one of them. Its primary mission is to offer services to adults, particularly veterans, who are either re-entering the community or require transitional residential support. Caravilla Inc ensures the provision of quality and cost-effective housing for these individuals, aiming to facilitate their smooth reintegration into society.
What is the revenue of Caravilla Inc?
Caravilla Inc's revenue in 2023 was $619,747.
Who are the executives of Caravilla Inc and what are their salaries?
There 8 volunteers at Caravilla Inc.
Here are 10 key members and their salaries:
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- Related: $127,879
- Other: $2,909
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Where can I find the form 990 for Caravilla Inc?
Caravilla Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Caravilla Inc
Caravilla Inc, as a dedicated organization, is committed to offering operational locations for various not-for-profit entities, with a particular focus on Rock Valley Community Programs, Inc. Beyond this, the primary mission of Caravilla Inc lies in providing services to adults, including veterans, as they re-enter the community or require transitional residential support. The organization's goal is to offer quality, cost-effective housing options for these individuals, ensuring they have a supportive living environment during their transition period.
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Impact
July, 2024
Caravilla Inc's impact can be seen in the provision of quality, cost-effective housing for adults, including veterans re-entering the community or in need of transitional residential services. By accepting, acquiring, owning, leasing, and managing real estate to provide operational locations for not-for-profit entities such as Rock Valley Community Programs, Inc., Caravilla Inc is actively supporting the housing needs of vulnerable populations in Janesville, WI. Their mission to provide services to adults, particularly veterans, aligns with addressing the pressing issue of transitional housing and ensuring individuals have a safe and stable place to live as they reintegrate into the community.
This information is meant to be a general summary of Caravilla 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: $4,752
- Program Service Revenue: $564,995
- Gross Receipts: $619,747
Assets and Liabilities:
- Total Assets: $3,483,429
- Total Liabilities: $2,976,381
- Net Assets: $507,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$564,995
Organization Details
Founding Year
2010
Principal Officer
David Hicks
NTEE Category
Code: L40 - Housing
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