Overview
What is Villita Apartments Inc?
Villita Apartments Inc is a nonprofit organization situated in Providence, Rhode Island. Their primary mission is to provide affordable housing for senior citizens and individuals with disabilities, specifically within the Providence area. They accomplish this under the federal programs Section 8 and Section 524, as stated in the Multifamily Assisted Housing Reform and Affordability Act of 1997. The organization operates and manages a 17-unit apartment complex in Providence, providing homes for low-income elderly tenants.
Official website here: www.wdchoc.org
Is Villita Apartments Inc legitimate?
Villita Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villita Apartments 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: $65,844
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Official website here: www.wdchoc.org
What is the mission statement of Villita Apartments Inc?
Villita Apartments Inc is committed to providing affordable housing for senior citizens and individuals with disabilities. Their mission is accomplished through the operation of a 17-unit apartment complex in an unspecified location, which is designed to cater to low-income elderly tenants under the provisions of Section 8 and Section 524(A) and (C) of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA). This organization plays a significant role in providing suitable housing solutions for vulnerable individuals, thereby enhancing their quality of life.
Official website here: www.wdchoc.org
Who is the CEO of Villita Apartments Inc?
Frank Shea is the Member of Villita Apartments Inc.
Official website here: www.wdchoc.org
What is the revenue of Villita Apartments Inc?
Villita Apartments Inc's revenue in 2021 was $231,743.
Official website here: www.wdchoc.org
Who are the executives of Villita Apartments Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.wdchoc.org
Where can I find the form 990 for Villita Apartments Inc?
Villita Apartments Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.wdchoc.org
Learn more at the official website: www.wdchoc.org
Mission Statement of Villita Apartments Inc
Villita Apartments Inc, a nonprofit organization, is committed to providing affordable housing for senior citizens and individuals with disabilities. This mission is carried out through the management of a 17-unit apartment complex in an unspecified location. The organization operates under Project-Based Section 8 and Section 524(A) and (C) of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA), providing low-income housing for elderly tenants in the area. Villita Apartments Inc plays a significant role in ensuring that these vulnerable sections of society have access to suitable living accommodations, thereby contributing to their overall well-being.
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Impact
October, 2024
Villita Apartments Inc significantly impacts the Providence, RI community by providing affordable housing solutions specifically designed for senior citizens and individuals with disabilities. By operating a 17-unit apartment complex that adheres to Section 8 and Section 524 guidelines, it addresses critical housing needs for low-income elderly tenants in the area. The organization not only contributes to improving living conditions for these vulnerable populations but also fosters a sense of community and stability among residents. By alleviating the financial burden of housing costs, Villita Apartments Inc enables seniors and disabled individuals to live independently and with dignity, enhancing their overall quality of life.
This information is meant to be a general summary of Villita Apartments 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 2021.
- Investment Income: $698
- Program Service Revenue: $55,236
- Gross Receipts: $231,743
Assets and Liabilities:
- Total Assets: $1,376,049
- Total Liabilities: $1,076,225
- Net Assets: $299,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$54,558
LAUNDRY REVENUE
Revenue
$660
TENANT CHARGES
Revenue
$18
Organization Details
Founding Year
2005
Phone
(401) 941-2900Principal Officer
Frank Shea
Main Address
861A BROAD STREET, PROVIDENCE, RI, 02907
Website
www.wdchoc.orgNTEE Category
Code: L20 - Housing
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