Overview
What is Olde Town Village Housing Inc?
Olde Town Village Housing Inc is a nonprofit organization dedicated to providing affordable housing for the elderly. Their mission is to enhance the quality of life for senior citizens by offering reduced rent accommodations. This includes tailored services that cater to their physical, social, and psychological needs, aiming to promote their health, happiness, and continued usefulness in society. The organization is currently in its final development stage, which will add 42 more units to their housing facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Olde Town Village Housing Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. With an overall score of 79%, the organization demonstrates strong governance practices, featuring a 100% independent board and adherence to policies such as conflict of interest and whistleblower protections.
The nonprofit excels in its program expense ratio, with 84.36% of its expenses directed towards programs, showcasing its commitment to its mission. Additionally, the organization has a transparent approach to its operations, illustrated by its documented board meeting minutes and proper policies for document retention and destruction.
While the rating reflects several strengths in governance and financial management, a score of 79% suggests there may still be room for improvement in certain areas. Continuous monitoring and enhancement of practices could help bolster its overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Olde Town Village Housing Inc legitimate?
Olde Town Village Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olde Town Village Housing 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: $54,171
For more financial information, click here
What is the mission statement of Olde Town Village Housing Inc?
Olde Town Village Housing Inc's mission is focused on providing reduced rent housing for elderly individuals. This organization strives to enhance their residents' overall well-being by offering services that cater to their physical, social, and psychological needs. These services aim to foster the elderly's health, happiness, and continued living in a meaningful way. The organization is currently in its final development stage, which will add 42 units to its housing offerings.
Who is the CEO of Olde Town Village Housing Inc?
Don G Wellons is the President/Director of Olde Town Village Housing Inc.
What is the revenue of Olde Town Village Housing Inc?
Olde Town Village Housing Inc's revenue in 2022 was $208,096.
Who are the executives of Olde Town Village Housing 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 Olde Town Village Housing Inc?
Olde Town Village Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olde Town Village Housing Inc
Olde Town Village Housing Inc, a nonprofit organization, is dedicated to providing reduced rent housing for elderly individuals. Their mission is to foster the health, happiness, and continued productivity of these seniors, catering to their physical, social, and psychological needs. Through tailored services, Olde Town Village Housing Inc aims to support elderly residents in living independent and fulfilling lives for an extended period. The final stage of their development will see the addition of 42 units, further expanding their capacity to assist this vulnerable population.
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Impact
October, 2024
Olde Town Village Housing Inc significantly impacts the community by providing reduced rent housing specifically designed for elderly individuals. By offering affordable living options, it fosters greater health, happiness, and overall well-being for seniors, enabling them to live independently while receiving tailored services that address their physical, social, and psychological needs. The initiative not only meets the critical housing demands of the aging population in Dunn, NC, but also enhances their quality of life by creating a supportive environment. With the final development stage set to provide 42 additional units, Olde Town Village Housing continues to expand its role in promoting longer, more fulfilling lives for seniors, thereby enriching the community as a whole.
This information is meant to be a general summary of Olde Town Village Housing 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: $237
- Program Service Revenue: $207,859
- Gross Receipts: $208,096
Assets and Liabilities:
- Total Assets: $2,182,357
- Total Liabilities: $3,513,078
- Net Assets: -$1,330,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent - Tenants
Revenue
$116,218
HUD Rental Assistance
Revenue
$79,590
OTHER PROGRAM REVENUE
Revenue
$12,051
Organization Details
Founding Year
1998
Phone
(910) 892-0436Principal Officer
Don G Wellons
Main Address
PO Box 1254, Dunn, NC, 28335
NTEE Category
Code: L22 - Housing
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