Overview
What is Squareone Villages?
Squareone Villages is a nonprofit organization based in Eugene, Oregon, with a primary mission to provide and maintain permanently affordable housing for individuals with low incomes. They acquire and hold land in trust to ensure these housing options remain affordable, even as market prices fluctuate. The organization specializes in developing cooperative housing, empowering residents to control their communities through democratic processes. This includes leasehold housing co-ops and limited-equity housing co-ops. As of 2022, Squareone Villages has developed several projects, such as Emerald Village Eugene (EVE), Cottage Village Cooperative (CVC), and C Street Cooperative, offering affordable housing solutions for qualifying households. Their latest project, PeaceVillage Cooperative, is expected to open by the end of 2023, providing 70 studio, one-bedroom, and two-bedroom dwellings.
Official website here: www.squareonevillages.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)**
Squareone Villages holds a strong Four-Star rating with a score of 95%, which highlights its excellent accountability and financial practices. The rating reflects a solid commitment to transparency, as indicated by the presence of independent board members, comprehensive financial oversight, and various organizational policies that ensure ethical governance. The organization’s high ratings across multiple metrics underscore its reliability and diligence in managing resources effectively.
Despite the commendable accountability scores, there are limitations as the organization has not been evaluated on impact, measurement, culture, or adaptability, which leaves certain areas of its operational effectiveness unassessed. This lack of a broader performance assessment may present uncertainties regarding how well the organization achieves its mission beyond sound financial practices.
**GreatNonprofits User Reviews: Not Available**
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Squareone Villages?
90% of 7 reviewers on Facebook recommend Squareone Villages. Here is a summary of their reviews:
Many users express a strong enthusiasm for the organization and its initiatives, particularly praising the tiny house project. One individual highlighted their excitement about being part of the community, emphasizing the positive impact that Squareone Villages has had on their life.
Overall, the sentiment towards Squareone Villages is overwhelmingly positive, with supporters feeling inspired and grateful for the services provided. The nonprofit appears to create a sense of belonging and excitement among its participants.
This AI summary has been generated from reviews found on Facebook.
Is Squareone Villages legitimate?
Squareone Villages is a legitimate nonprofit organization registered as a 501(c)(3) entity. Squareone Villages 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: $172,630
Professional Fundraising Fees: $0
Other Salaries and Wages: $360,001
For more financial information, click here
Official website here: www.squareonevillages.org
What is the mission statement of Squareone Villages?
Squareone Villages is dedicated to establishing democratic communities with permanently affordable and environmentally sustainable housing. A significant aspect of their mission is to acquire and preserve land, ensuring the availability of permanently affordable housing for individuals with low incomes. The organization specializes in developing cooperative housing, where residents have a say in the management of their properties through democratic processes. This includes leasehold housing cooperatives and limited-equity housing cooperatives. Squareone provides ongoing training and support to the cooperative members and boards, ensuring the successful operation of these communities. They have developed various housing projects, such as Emerald Village Eugene, Cottage Village Cooperative, and C Street Cooperative, catering to individuals with low to moderate incomes.
Official website here: www.squareonevillages.org
Who is the CEO of Squareone Villages?
Dan Bryant is the Executive Di of Squareone Villages.
Official website here: www.squareonevillages.org
What is the revenue of Squareone Villages?
Squareone Villages's revenue in 2022 was $8,873,482.
Official website here: www.squareonevillages.org
Who are the executives of Squareone Villages and what are their salaries?
The average compensation at Squareone Villages during 2022 was $24,210. There are 22 employees and 63 volunteers at Squareone Villages.
Here are 16 key members and their salaries:
- Compensation: $84,369
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- Other: $2,824
- Compensation: $39,300
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- Other: $2,915
- Compensation: $24,086
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- Other: $715
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Official website here: www.squareonevillages.org
Where can I find the form 990 for Squareone Villages?
Squareone Villages's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.squareonevillages.org
Learn more at the official website: www.squareonevillages.org
Mission Statement of Squareone Villages
Squareone Villages, as a nonprofit organization, is committed to creating democratic communities with permanently affordable and environmentally sustainable homes. Their primary goal is to acquire and hold land in trust, providing permanently affordable housing for individuals with low-income. This strategy aims to remove the land from the speculative market, ensuring affordable housing for generations to come.
Squareone Villages specializes in developing cooperative housing that is controlled by the residents through democratic processes. This includes leasehold housing co-ops, where the co-op leases the land and housing from Squareone, and limited-equity housing co-ops, where the co-op owns the housing and leases the land from Squareone. The organization provides ongoing training and support to the co-op's members and board in operations and management of the property.
Squareone Villages has successfully developed several cooperative housing projects. For instance, Emerald Village Eugene (EVE) is a 22-unit leasehold housing cooperative that opened in 2018, offering affordable housing for households earning 50% of the area median income or less. The project consists of 22 detached tiny homes and shared amenities. Similarly, Cottage Village Cooperative (CVC) is a 13-unit leasehold housing cooperative that opened in 2020, with monthly housing costs ranging from $350 to $500, including all utilities except electrical.
In summary, Squareone Villages is a nonprofit organization that is dedicated to providing permanently affordable and environmentally sustainable housing to individuals with low-income. They achieve this by developing cooperative housing that is controlled by the residents through democratic processes. The organization has successfully developed several projects, including Emerald Village Eugene and Cottage Village Cooperative, providing affordable housing options for households earning below the area median income.
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Impact
July, 2024
Squareone Villages has a significant impact on creating permanently affordable and environmentally sustainable housing solutions for individuals and families with low incomes. Through projects like Emerald Village Eugene, Cottage Village Cooperative, C Street Cooperative, PeaceVillage Cooperative, and the acquisition of property on Walnut Street, Squareone Villages offers residents the opportunity to live in cooperative housing controlled democratically by the community. These initiatives help to address issues of housing insecurity and homelessness, providing stable and affordable housing options for those who need it most.
This information is meant to be a general summary of Squareone Villages. 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: $25,836
- Program Service Revenue: $392,755
- Gross Receipts: $8,905,204
Assets and Liabilities:
- Total Assets: $14,661,574
- Total Liabilities: $1,208,595
- Net Assets: $13,452,979
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT PROGRAM SERVICES
Revenue
$250,557
GROUND LEASES
Revenue
$97,009
OTHER PROGRAM REVENUES
Revenue
$42,037
RESIDENT FEES
Revenue
$3,152
Organization Details
Founding Year
2012
Phone
(541) 554-5543Principal Officer
Dan Bryant
Main Address
15 N POLK ST, EUGENE, OR, 97402
Website
www.squareonevillages.orgNTEE Category
Code: L40 - Housing
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