Overview
What is Alcester Village Inc?
Alcester Village Inc, located in Alcester, South Dakota, is a dedicated nonprofit organization that focuses on providing affordable housing solutions for the local rural community. Through their retirement home or senior housing program, they aim to cater to the housing needs of the elderly population in the area, ensuring accessibility and affordability. The organization's mission is deeply rooted in its commitment to serving the community, making a significant contribution to the well-being and comfort of its senior residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Alcester Village Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance. The overall score is primarily based on accountability and finance metrics. The organization excels in several areas, including having a fully independent board and no material diversion of assets, which reflects strong governance practices.
The organization has a high program expense ratio of 86.87%, suggesting that a significant portion of its spending goes directly to programs rather than administrative costs. However, the liabilities to assets ratio is 60.51%, which indicates potential financial risk that could be a concern for sustainability and overall financial health.
While the charity demonstrates strong accountability practices, areas like financial stability could be improved. Stakeholders should consider these factors when assessing the organization's long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Alcester Village Inc legitimate?
Alcester Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alcester 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: $1,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,027
For more financial information, click here
What is the mission statement of Alcester Village Inc?
Alcester Village Inc, as a retirement home or senior housing program, is committed to providing affordable housing options for the rural community. Their mission is to ensure that senior citizens in these communities have access to reasonably priced housing, thereby contributing to their well-being and overall quality of life. This non-profit organization works diligently to provide an affordable living solution in the context of the senior population. By offering affordable housing, Alcester Village Inc aims to alleviate some of the financial burdens that often come with aging, thereby enabling seniors to focus on other aspects of their lives.
Who is the CEO of Alcester Village Inc?
Cheryl Johnson is the Board Member of Alcester Village Inc.
What is the revenue of Alcester Village Inc?
Alcester Village Inc's revenue in 2022 was $169,753.
Who are the executives of Alcester Village Inc and what are their salaries?
The average compensation at Alcester Village Inc during 2022 was $24,777. There is 1 employee at Alcester Village Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Alcester Village Inc?
Alcester Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alcester Village Inc
Alcester Village Inc, a nonprofit organization, is committed to a mission that prioritizes affordability. Its primary goal is to offer housing solutions to the rural community, specifically in Alcester, SD. By providing affordable housing, Alcester Village Inc aims to contribute positively to the well-being of its residents, ensuring that seniors in the area have access to comfortable living arrangements. This mission is crucial in maintaining the community's social fabric and the overall quality of life for its elderly population.
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Impact
October, 2024
Alcester Village Inc has a significant impact on the rural community of Alcester, SD, by providing affordable housing specifically designed for seniors. This initiative addresses a critical need for accessible and budget-friendly living options, allowing older adults to remain in their community as they age. By offering a retirement home that fosters a supportive environment, Alcester Village enhances the quality of life for its residents, ensuring they have a safe and comfortable place to live. The commitment to affordable housing contributes to community stability and promotes a sense of belonging, making it an essential resource for families in the area. Through its efforts, Alcester Village Inc not only meets housing needs but also strengthens social connections among seniors, enriching the community as a whole.
This information is meant to be a general summary of Alcester 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: $154
- Program Service Revenue: $168,010
- Gross Receipts: $169,753
Assets and Liabilities:
- Total Assets: $887,329
- Total Liabilities: $517,356
- Net Assets: $369,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$156,688
GARAGE
Revenue
$6,250
LAUNDRY INCOME
Revenue
$5,072
Organization Details
Founding Year
2001
Phone
(605) 934-2626Principal Officer
Cheryl Johnson
Main Address
400 EAST FIRST STREET BOX 100, ALCESTER, SD, 57001
NTEE Category
Code: L22 - Housing
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