Overview
What is Wt Vernon Housing Corporation?
Wt Vernon Housing Corporation is a nonprofit organization based in Lebanon, Missouri, specifically at 550 Harwood Ave, 65536. Its primary mission is to construct and manage affordable housing units catering to the needs of elderly and disabled individuals with lower incomes, residing within the Laclede County, Missouri area. The corporation is dedicated to providing housing facilities and services that cater to their physical, social, and psychological needs, aiming to promote their overall health and security. In the 2021-2022 fiscal year, the organization sold its property, and the proceeds were donated to a 501C3 organization.
What are the reviews and ratings of this charity?
Charity Navigator rates the Wt Vernon Housing Corporation at 79%, granting it a Three-Star out of Four Star rating. This score reflects a solid level of accountability and finance management within the organization, highlighting its commitment to transparency and effective use of funds.
One of the organization's notable strengths is its fully independent board, ensuring unbiased decision-making. Furthermore, the charity has demonstrated a commitment to strong financial practices, having a program expense ratio of 90.25%, indicating that a significant portion of its expenses directly supports its programs. The policies regarding conflict of interest, whistleblower protection, and document retention are all properly listed, reflecting good governance.
However, while the overall financial health appears robust, there may still be areas for improvement in outreach and fundraising to enhance overall effectiveness. The absence of significant liabilities also suggests stability, but continued focus on growth and community impact could further strengthen the organization's standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wt Vernon Housing Corporation legitimate?
Wt Vernon Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wt Vernon 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Wt Vernon Housing Corporation?
The W.T. Vernon Housing Corporation's mission is centered around providing affordable housing for lower-income elderly and disabled individuals. This organization is dedicated to building and managing housing facilities that cater to their physical, social, and psychological needs, aiming to improve their health and ensure their security. The corporation's mission extends beyond just housing, as it strives to promote a living environment that meets the unique needs of its residents, thereby enhancing their overall well-being. In the 2021-2022 fiscal year, the corporation sold its property, and the proceeds were donated to a 501C3 organization.
Who is the CEO of Wt Vernon Housing Corporation?
Elizabeth Esther is the President of Wt Vernon Housing Corporation.
What is the revenue of Wt Vernon Housing Corporation?
Wt Vernon Housing Corporation's revenue in 2022 was $1,992,292.
Who are the executives of Wt Vernon Housing Corporation and what are their salaries?
There 4 volunteers at Wt Vernon Housing Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Wt Vernon Housing Corporation?
Wt Vernon Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wt Vernon Housing Corporation
W.T. Vernon Housing Corporation is a nonprofit organization with a mission to construct and manage affordable housing facilities for lower-income elderly and disabled individuals. This corporation is specifically designed to cater to the physical, social, and psychological needs of its residents, aiming to enhance their health and security. The primary goal is to provide housing solutions that meet the unique requirements of this vulnerable population, fostering an environment that supports their overall well-being. By doing so, W.T. Vernon Housing Corporation contributes to the community by offering affordable housing options that promote dignity and independence for its residents. In the 2021-2022 fiscal year, the corporation sold its property, and the proceeds were donated to a 501C3 organization, further demonstrating its commitment to serving its community.
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Impact
July, 2024
Wt Vernon Housing Corporation's impact lies in its dedicated effort to provide affordable housing for lower-income elderly and disabled individuals in the Laclede County, Missouri area. By focusing on meeting the physical, social, and psychological needs of this vulnerable population, Wt Vernon Housing Corporation plays a crucial role in promoting their health and security. In the 2021-2022 fiscal year, the organization sold its property and donated the proceeds to a 501(c)(3) organization, further demonstrating its commitment to supporting its mission. Overall, Wt Vernon Housing Corporation's work contributes to improving the quality of life for those in need of affordable housing assistance in the community.
This information is meant to be a general summary of Wt Vernon 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: $1,990,206
- Program Service Revenue: $2,086
- Gross Receipts: $3,002,406
Assets and Liabilities:
- Total Assets: $16,984
- Total Liabilities: $0
- Net Assets: $16,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING RENTS
Revenue
$2,086
Organization Details
Founding Year
1985
Phone
(417) 532-9733Principal Officer
Elizabeth Esther
Main Address
550 HARWOOD AVE, LEBANON, MO, 65536
NTEE Category
Code: L22 - Housing
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