Overview
What is Holy Cross Village Inc?
Holy Cross Village Inc is a nonprofit organization situated in Denver, Colorado, specifically at 6240 Smith Rd, 80216. Their primary mission is to offer affordable housing options to families with modest incomes, totaling 61 units. With a modest workforce of 5 individuals, they are committed to this cause in Gypsum, Colorado. Their purpose is to make housing more accessible for this demographic, contributing positively to the community.
Official website here: www.archdiocesanhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Holy Cross Village Inc has received an 83% score from Charity Navigator, which reflects a strong commitment to accountability and financial integrity. The charity's rating is based entirely on its accountability and finance scores, indicating a well-functioning governance structure with 100% independent board members and comprehensive financial oversight practices. This is further supported by their effective conflict of interest and whistleblower policies, highlighting a transparent operational approach.
One of the key strengths of Holy Cross Village Inc is its high program expense ratio of 89.86%, which suggests that a significant portion of its resources is directed towards its mission-related activities. Additionally, the organization has demonstrated robust financial oversight by having no material diversion of assets and a well-documented structure for board meetings and record retention. These factors contribute positively to their accountability score.
However, the organization received a lower score for its liabilities to assets ratio at 67.13%, which may indicate some financial risk or heavy reliance on debt. While this is a concern, the overall positive aspects of the charity's governance and financial management practices still warrant confidence in its operations. Overall, Holy Cross Village Inc shows a solid commitment to transparency and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Cross Village Inc legitimate?
Holy Cross Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Cross Village 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: $0
For more financial information, click here
Official website here: www.archdiocesanhousing.org
What is the mission statement of Holy Cross Village Inc?
Holy Cross Village Inc, as a organization, is committed to providing affordable housing solutions for families with moderate to low income levels. This mission is carried out through the operation of a 61-unit housing complex, situated somewhere, which is specifically designed to cater to this demographic. By offering affordable housing options, Holy Cross Village Inc aims to contribute positively to the lives of these families, ensuring they have a place to call home without the burden of excessive housing costs. This commitment to affordability and accessibility is a key aspect of Holy Cross Village Inc's mission.
Official website here: www.archdiocesanhousing.org
Who is the CEO of Holy Cross Village Inc?
Philip Vottiero is the Vp Of Develo of Holy Cross Village Inc.
Official website here: www.archdiocesanhousing.org
What is the revenue of Holy Cross Village Inc?
Holy Cross Village Inc's revenue in 2022 was $734,053.
Official website here: www.archdiocesanhousing.org
Who are the executives of Holy Cross Village Inc and what are their salaries?
There are 5 employees and 4 volunteers at Holy Cross Village Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $161,899
- Other: $39,999
- Compensation: $0
- Related: $154,011
- Other: $19,832
- Compensation: $0
- Related: $115,423
- Other: $7,321
- Compensation: $0
- Related: $81,452
- Other: $38,596
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.archdiocesanhousing.org
Where can I find the form 990 for Holy Cross Village Inc?
Holy Cross Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archdiocesanhousing.org
Learn more at the official website: www.archdiocesanhousing.org
Mission Statement of Holy Cross Village Inc
Holy Cross Village Inc, as a nonprofit organization, is committed to providing affordable housing solutions for low and moderate-income families. Their mission is centered around making housing accessible to individuals and families who may struggle financially, ensuring they have a stable living environment. This mission is carried out through the operation of a 61-unit housing complex, which serves as a vital resource in the community. The organization's dedication to affordable housing not only helps families maintain a decent standard of living but also contributes to the overall well-being and stability of the community.
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Impact
July, 2024
Holy Cross Village Inc's impact can be seen in its provision of affordable housing to low and moderate-income families in Gypsum, Colorado. By offering a 61-unit housing complex, Holy Cross Village Inc contributes to addressing the housing needs of individuals and families who may struggle to find affordable accommodation in the area. This initiative helps to improve the quality of life for residents by providing a stable and secure living environment. Through its mission of providing affordable housing, Holy Cross Village Inc plays a vital role in supporting the community and ensuring that individuals have access to a fundamental human need - shelter.
This information is meant to be a general summary of Holy Cross Village 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: -$25,948
- Program Service Revenue: $642,589
- Gross Receipts: $761,130
Assets and Liabilities:
- Total Assets: $4,138,172
- Total Liabilities: $2,739,703
- Net Assets: $1,398,469
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW/MODERATE INCOME RENTS
Revenue
$637,488
OTHER TENANT CHARGES
Revenue
$5,101
Organization Details
Founding Year
2012
Phone
(303) 830-0215Principal Officer
Philip Vottiero
Main Address
6240 SMITH RD, DENVER, CO, 80216
Website
www.archdiocesanhousing.orgNTEE Category
Code: L21 - Housing
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