Overview
What is Valor Apartment Associates?
Valor Apartment Associates is a nonprofit organization situated in Tukwila, Washington. Their primary mission is to offer affordable housing opportunities for individuals with disabilities, providing a total of 21 units. The organization's activities are centered around providing low-income housing to eligible individuals, ensuring that these individuals have access to suitable living spaces. By doing so, Valor Apartment Associates contributes to the broader community by offering a supportive living environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three Stars (79%)
Valor Apartment Associates has achieved a Three-Star out of Four Star rating from Charity Navigator, with an overall score of 79%. This rating reflects the organization's strong performance in accountability and finance, which is crucial for donor trust and effective nonprofit management. The score is based entirely on the accountability and finance beacon, indicating a focus on these key areas.
The organization demonstrates several strengths, including a fully independent board with 100% independent members and a solid program expense ratio of 91.17%. These factors suggest effective governance and a commitment to utilizing resources for programmatic purposes. Additionally, Valor Apartment Associates has established various governance policies, such as conflict of interest and whistleblower policies, which contribute to its overall accountability.
However, the organization faces limitations, particularly regarding its liabilities, with a liabilities to assets ratio of 126.18%, indicating potential financial risk. While the organization has robust policies and practices in place, it will be important for them to address this financial ratio moving forward to ensure long-term sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Valor Apartment Associates legitimate?
Valor Apartment Associates is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valor Apartment Associates 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 Valor Apartment Associates?
Valor Apartment Associates is committed to providing low-income housing for eligible individuals. This mission is reflected in their operations, as they offer 21 units of affordable housing specifically designed for people with disabilities. The organization's primary goal is to contribute to the housing needs of these individuals, ensuring they have access to suitable living spaces. By offering affordable housing, Valor Apartment Associates aims to make a significant difference in the lives of those who require such accommodations.
Who is the CEO of Valor Apartment Associates?
Mike De Luca is the Board Chair of Valor Apartment Associates. The CEO's salary of Valor Apartment Associates is $0 and their total compensation is $343,420.
What is the revenue of Valor Apartment Associates?
Valor Apartment Associates's revenue in 2020 was $124,943.
Who are the executives of Valor Apartment Associates and what are their salaries?
There 4 volunteers at Valor Apartment Associates.
Here are 6 key members and their salaries (Valor Apartment Associates's CEO's salary is $0 and their total compensation is $343,420):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $326,158
- Other: $17,262
- Compensation: $0
- Related: $297,917
- Other: $16,415
Where can I find the form 990 for Valor Apartment Associates?
Valor Apartment Associates's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Valor Apartment Associates
Valor Apartment Associates, as a nonprofit organization, is committed to providing low-income housing to eligible individuals. Their mission is centered around making affordable housing units accessible to those in need, particularly people with disabilities. Currently, Valor Apartment Associates manages 21 such units, offering a vital living solution for this specific group. By providing this service, they contribute to the broader goal of ensuring that everyone, regardless of their financial circumstances or physical abilities, has a decent place to call home.
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Impact
October, 2024
Valor Apartment Associates significantly impacts the community by providing 21 units of affordable housing specifically designed for individuals with disabilities. This initiative addresses the critical need for accessible living spaces, ensuring that eligible low-income individuals have a safe and supportive environment to call home. Located in Tukwila, WA, their efforts contribute to the overall well-being of residents by promoting inclusivity and stability within the housing market. By focusing on low-income housing, Valor Apartment Associates helps alleviate the challenges faced by individuals with disabilities, empowering them to lead more independent and fulfilling lives.
This information is meant to be a general summary of Valor Apartment Associates. 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 2020.
- Investment Income: $203
- Program Service Revenue: $124,740
- Gross Receipts: $134,411
Assets and Liabilities:
- Total Assets: $5,024,509
- Total Liabilities: $5,878,283
- Net Assets: -$853,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENT
Revenue
$124,740
Organization Details
Founding Year
2012
Phone
(206) 901-2000Principal Officer
Mike De Luca
Main Address
6400 SOUTHCENTER BOULEVARD, TUKWILA, WA, 98188
NTEE Category
Code: P73 - Human services
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