Overview
What is New Vision Housing Foundation Inc C/O James F Caplan?
New Vision Housing Foundation Inc C/O James F Caplan is a nonprofit organization based in Ocean Ridge, Florida. Their primary mission is to provide and manage affordable housing for low-income individuals, mentally and physically challenged persons, and the elderly within the United States. The organization adheres to guidelines set by the Internal Revenue Service, such as Revenue Rulings 70-585, 1970-2 C B 115, 79-18, 1979-1 C B 194, and 79-19, 1979-1 C B 195, as well as any subsequent amendments or supplements. In addition to housing, the foundation also engages in activities to alleviate government burdens and promote social welfare. Their address is 5910 N Ocean Blvd, Ocean Ridge, FL 33435.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 38%, Zero-Star out of Four Star rating.
New Vision Housing Foundation Inc has received a low rating of 38%, resulting in a Zero-Star designation from Charity Navigator. This score reflects significant concerns in accountability and finance, primarily due to the lack of independent board members and missing governance policies. The absence of key documents, such as a conflict of interest policy and a whistleblower policy, detracts from the organization's overall transparency and accountability.
Despite these weaknesses, the organization does report a high program expense ratio of 90.81%, indicating that a substantial portion of its resources is allocated towards its programs. However, the liabilities to assets ratio of 277.87% raises concerns about financial stability. The presence of documented board meeting minutes signifies some level of governance, but overall, the organization lacks the necessary independent oversight and policies that would bolster confidence in its operations.
Potential donors and supporters should be cautious, taking into account the absence of independent oversight and the missing governance policies. While the organization appears to be using funds effectively for its programs, the overall lack of transparency and accountability could affect its long-term viability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is New Vision Housing Foundation Inc C/O James F Caplan legitimate?
New Vision Housing Foundation Inc C/O James F Caplan is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Vision Housing Foundation Inc C/O James F Caplan 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 New Vision Housing Foundation Inc C/O James F Caplan?
The New Vision Housing Foundation's mission is centered around providing affordable housing for various segments of the population within the United States. Specifically, they focus on low-income individuals and families, as well as those with mental and physical challenges, and the elderly. This mission is in line with several Internal Revenue Service rulings and procedures, which the organization adheres to. Additionally, New Vision Housing Foundation is authorized to undertake activities that lessen governmental burdens and promote social welfare. In essence, their mission is to construct, develop, acquire, rehabilitate, manage, and operate housing that is affordable and suitable for these specific groups of people.
Who is the CEO of New Vision Housing Foundation Inc C/O James F Caplan?
Kenneth G Weiss is the Director/President of New Vision Housing Foundation Inc C/O James F Caplan.
What is the revenue of New Vision Housing Foundation Inc C/O James F Caplan?
New Vision Housing Foundation Inc C/O James F Caplan's revenue in 2022 was $0.
Who are the executives of New Vision Housing Foundation Inc C/O James F Caplan and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Vision Housing Foundation Inc C/O James F Caplan?
New Vision Housing Foundation Inc C/O James F Caplan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Vision Housing Foundation Inc C/O James F Caplan
New Vision Housing Foundation Inc C/O James F Caplan is a nonprofit organization with a mission to provide affordable housing for various groups of individuals within the United States. This includes low-income families, mentally and physically challenged persons, and the elderly. The organization's mission is rooted in several Internal Revenue Service rulings and procedures, such as Revenue Rulings 70-585, 1970-2 C B 115, 79-18, 1979-1 C B 194, and 79-19, 1979-1 C B 195, as well as Revenue Procedure 96-32. These guidelines outline the requirements for qualifying under the safe harbor or "facts and circumstances" tests.
Beyond providing housing, New Vision Housing Foundation Inc C/O James F Caplan also endeavors to lessen the burdens of government and promote social welfare. This broader mission allows the organization to undertake activities that contribute to the betterment of society. The specific activities that fall under this mission are not defined in the provided information, but they likely involve initiatives that align with the organization's primary focus on housing and social welfare.
In essence, New Vision Housing Foundation Inc C/O James F Caplan is dedicated to addressing housing needs for underserved groups in the United States, while also contributing to societal improvement beyond housing provisions. The organization's activities are guided by relevant Internal Revenue Service rules and regulations, allowing it to provide qualified affordable housing and promote social welfare.
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Impact
October, 2024
New Vision Housing Foundation Inc C/O James F Caplan significantly contributes to addressing the pressing need for affordable housing in the United States. By focusing on the construction, rehabilitation, and management of affordable housing projects, the initiative ensures that low-income individuals and families, as well as mentally and physically challenged persons and the elderly, have access to safe and supportive living environments.
The foundation's work fosters community development and social welfare, alleviating government burdens by providing essential housing solutions. By creating spaces that cater to the specific needs of various vulnerable populations, the foundation enhances the quality of life for many, promoting inclusivity and stability.
Through its projects, New Vision Housing Foundation expands the availability of qualified affordable housing, ultimately contributing to the broader goal of social equity. The foundation plays a critical role in transforming lives by ensuring that the most underserved members of society have a place to call home, which is fundamental for personal and community growth.
This information is meant to be a general summary of New Vision Housing Foundation Inc C/O James F Caplan. 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.
Assets and Liabilities:
- Total Assets: $453,705
- Total Liabilities: $1,260,745
- Net Assets: -$807,040
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Organization Details
Founding Year
2011
Phone
(561) 678-9988Principal Officer
Kenneth G Weiss
Main Address
5910 N OCEAN BLVD, OCEAN RIDGE, FL, 33435
NTEE Category
Code: L21 - Housing
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