Overview
What is Alverno Housing Corporation?
Alverno Housing Corporation, established in 1983, is a nonprofit organization located in Jefferson, Wisconsin. With a mission rooted in compassion, dignity, and respect, its primary purpose is to provide housing facilities and supportive services tailored for individuals with developmental disabilities. The organization has invested in real estate, constructing an apartment building with 12 units and three group homes, consisting of 18 units in total. These facilities are designed to cater to the unique physical, social, and psychological needs of the residents, aiming to enhance their quality of life, personal growth, and spiritual awareness.
Official website here: www.stcolettawi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star Rating)
Alverno Housing Corporation has achieved a strong 91% score, which reflects its commitment to accountability and financial health. The organization has earned a four-star rating based on a comprehensive evaluation of its accountability and financial practices. The rating is bolstered by a perfect score for having a majority independent board, indicating strong governance and oversight.
The organization demonstrates a solid commitment to ethical practices, with policies for conflict of interest, whistleblowing, and document retention all in place. Additionally, there are no reported material diversions of assets, and the board meeting minutes are documented, showcasing transparency in its operations.
One area for improvement noted in the score is the program expense ratio, which stands at 65.13%. While this is a respectable figure, higher program expenses could indicate a greater focus on direct impact from the organization. Overall, Alverno Housing Corporation shows a strong dedication to accountability and transparency, making it a reliable choice for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Alverno Housing Corporation legitimate?
Alverno Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alverno Housing Corporation 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:
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For more financial information, click here
Official website here: www.stcolettawi.org
What is the mission statement of Alverno Housing Corporation?
Alverno Housing Corporation, guided by Franciscan values of compassion, dignity, and respect, strives to support individuals with developmental and other challenges in achieving their highest quality of life, personal growth, and spiritual awareness. Established as a nonprofit corporation in 1983, the organization acquires real property and constructs group homes, offering rent-assisted housing facilities and services tailored to meet the unique physical, social, and psychological needs of its residents. The corporation operates in various locations, providing a nurturing environment that fosters their overall well-being and personal development.
Official website here: www.stcolettawi.org
Who is the CEO of Alverno Housing Corporation?
Ted Behncke is the Chair of Alverno Housing Corporation.
Official website here: www.stcolettawi.org
What is the revenue of Alverno Housing Corporation?
Alverno Housing Corporation's revenue in 2022 was $457,699.
Official website here: www.stcolettawi.org
Who are the executives of Alverno Housing Corporation and what are their salaries?
There 17 volunteers at Alverno Housing Corporation.
Here are 20 key members and their salaries:
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- Related: $223,147
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Official website here: www.stcolettawi.org
Where can I find the form 990 for Alverno Housing Corporation?
Alverno Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stcolettawi.org
Learn more at the official website: www.stcolettawi.org
Mission Statement of Alverno Housing Corporation
Alverno Housing Corporation, established in 1983, is a nonprofit organization with a mission inspired by Franciscan values. This mission revolves around supporting individuals with developmental challenges and other difficulties, enabling them to attain their highest quality of life, fostering personal growth, and nurturing spiritual awareness. The corporation operates by acquiring real property and constructing group homes, providing these individuals with rent-assisted housing facilities and services tailored to meet their physical, social, and psychological needs. Alverno Housing Corporation's ultimate goal is to create an environment that empowers and uplifts its residents, promoting their overall well-being and personal development.
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Impact
July, 2024
Alverno Housing Corporation's impact lies in providing rent-assisted housing facilities and services specially designed to meet the physical, social, and psychological needs of developmentally disabled individuals in Jefferson, Wisconsin. Inspired by the Franciscan values of compassion, dignity, and respect, their mission is to support individuals facing developmental and other challenges in achieving their highest quality of life, personal growth, and spiritual awareness. Through the operation of group homes and apartment units, Alverno Housing Corporation plays a vital role in enhancing the lives of those they serve, fostering independence, and promoting a sense of community and belonging.
This information is meant to be a general summary of Alverno Housing Corporation. 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: $1,246
- Program Service Revenue: $239,275
- Gross Receipts: $457,699
Assets and Liabilities:
- Total Assets: $851,814
- Total Liabilities: $424,678
- Net Assets: $427,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$239,275
Organization Details
Founding Year
1983
Phone
(920) 674-4330Principal Officer
Ted Behncke
Main Address
N4637 COUNTY ROAD Y, JEFFERSON, WI, 53549
Website
www.stcolettawi.orgNTEE Category
Code: L21 - Housing
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