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Peace Villa Inc

Peace Villa Apartments Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411328110 ✦ Norwood young america, MN ✦ Designated as a 501(c)(3)

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Overview

What is Peace Villa Inc?

Peace Villa Inc, operating as Peace Villa Apartments Inc, is a nonprofit organization situated in Norwood Young America, Minnesota. With a workforce of just three individuals, it has a mission to provide affordable housing to the elderly residents (62 years and above) and those with disabilities in Western Carver County. The organization's primary activity revolves around offering low-income housing options within the specified vicinity. While specific program details are not provided, it is clear that Peace Villa Inc plays a crucial role in addressing housing needs for a specific demographic in its local community.


Official website here: www.peacevillagenya.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Peace Villa Inc received a two-star rating from Charity Navigator, reflecting a score of 69%. The organization demonstrates strong accountability in certain areas, particularly with an independent board consisting of 100% independent members and a solid program expense ratio of 91.81%. This indicates that the majority of its expenses are directed toward its programs rather than administrative costs.

However, there are notable weaknesses that contributed to the overall rating. The organization lacks essential policies, such as a conflict of interest policy, whistleblower policy, and document retention guidelines, which are critical for maintaining transparency and accountability. Additionally, the liabilities to assets ratio is concerning at 103.05%, suggesting potential financial instability.

In summary, while Peace Villa Inc shows commitment to its mission through its program funding, the absence of vital governance policies and a high liabilities ratio raises questions about its operational effectiveness and financial health. Addressing these issues could significantly improve its overall standing and effectiveness as a nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is Peace Villa Inc legitimate?

Peace Villa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peace Villa 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: $86,627

For more financial information, click here


Official website here: www.peacevillagenya.org

What is the mission statement of Peace Villa Inc?

Peace Villa Inc, as an organization, is dedicated to providing low-income housing opportunities for individuals residing in Western Carver County. This service is extended to two specific groups: individuals who have reached the age of 62 and senior citizens who are handicapped. The primary goal of Peace Villa Inc is to make housing accessible for these groups, thereby contributing to their well-being and quality of life.


Official website here: www.peacevillagenya.org

Who is the CEO of Peace Villa Inc?

Curt Wilson is the President of Peace Villa Inc.


Official website here: www.peacevillagenya.org

What is the revenue of Peace Villa Inc?

Peace Villa Inc's revenue in 2022 was $2,638,911.


Official website here: www.peacevillagenya.org

Who are the executives of Peace Villa Inc and what are their salaries?

The average compensation at Peace Villa Inc during 2022 was $28,876. There are 3 employees at Peace Villa Inc.


Here are 9 key members and their salaries:


Curt Wilson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Perry Forst (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Simmons (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Clark (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Trocke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Stacken (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Kroells (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Bierstedt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Schroeder (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.peacevillagenya.org

Where can I find the form 990 for Peace Villa Inc?

Peace Villa Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.peacevillagenya.org

Learn more at the official website: www.peacevillagenya.org

Mission Statement of Peace Villa Inc

Peace Villa Inc, a nonprofit organization, is dedicated to providing low-income housing for individuals who are 62 years old and above or have disabilities, residing in Western Carver County. The primary mission of this organization is to ensure that senior citizens and individuals with handicaps have access to affordable housing options. By offering housing solutions, Peace Villa Inc aims to contribute positively to the well-being and comfort of this specific population, enabling them to live with dignity and independence.

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Impact




July, 2024

Peace Villa Inc provides essential low-income housing to residents of Western Carver County who are 62 years and above or handicapped. This organization plays a significant role in addressing the housing needs of vulnerable populations in the region, ensuring that those in need have a safe and affordable place to call home. Through its dedicated efforts, Peace Villa Inc positively impacts the lives of individuals by providing them with a secure and supportive housing environment, enhancing their overall quality of life and well-being.




This information is meant to be a general summary of Peace Villa 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.

Revenue
$2,638,911 (2022)
201120122013201420152016201720182019202020212022$0$700k$1.4M$2.1M$2.8M
Expenses
$2,551,252 (2022)
201120122013201420152016201720182019202020212022$0$650k$1.3M$1.95M$2.6M
Efficiency
2011201220132014201520162017201820192020202120220%8%16%24%37%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,634
  • Program Service Revenue: $2,569,714
  • Gross Receipts: $2,638,911

Assets and Liabilities:

  • Total Assets: $6,853,211
  • Total Liabilities: $7,062,898
  • Net Assets: -$209,687

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT SERVICES

Revenue

$1,182,846

APARTMENT RENT

Revenue

$1,063,660

OTHER PROJECT SOURCES

Revenue

$218,136

TENANT RENTAL ASSISTANCE

Revenue

$105,072

Organization Details

Founding Year

1977

Principal Officer

Curt Wilson

Main Address

308 N FAXON RD, NORWOOD YOUNG AMERICA, MN, 55368

NTEE Category

Code: L22 - Housing

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