Overview
What is Ventana Fund?
Ventana Fund is a nonprofit organization based in Albuquerque, New Mexico, with a specific focus on supporting low-income individuals in the state. They specialize in providing financing and development services for affordable housing, particularly in economically distressed communities and housing market niches that are often overlooked by traditional financial institutions. Their mission involves offering early-stage financing for affordable housing projects in New Mexico's underserved communities, aiming to contribute positively to the housing market and the lives of those in need.
Official website here: www.ventanafund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Ventana Fund has received a Three-Star rating from Charity Navigator, which indicates a moderate level of performance in accountability and finance. The rating reflects strong governance elements such as having a fully independent board and effective oversight practices. The organization scored well in areas like the presence of a conflict of interest policy and documenting board meeting minutes.
However, the Ventana Fund's performance is somewhat limited due to the absence of a whistleblower policy and issues with its liabilities to assets ratio. These factors contributed to a lower overall accountability score. While the organization demonstrates commitment to transparency, improvements in these areas could enhance its rating further.
Overall, Ventana Fund showcases several strengths in governance and financial oversight, but the noted limitations suggest there are opportunities for growth in their organizational policies and financial management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ventana Fund legitimate?
Ventana Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ventana Fund 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: $28,961
For more financial information, click here
Official website here: www.ventanafund.org
What is the mission statement of Ventana Fund?
The Ventana Fund is dedicated to providing early-stage financing for affordable housing in underserved communities across New Mexico. Their mission is to support low-income individuals by offering financing and development services. They have a particular focus on economically distressed communities and housing market niches that are often overlooked by traditional financial institutions. The Ventana Fund aims to contribute to the improvement of housing situations in these communities, thereby promoting equitable living conditions for its residents.
Official website here: www.ventanafund.org
Who is the CEO of Ventana Fund?
D Todd Clarke is the Chair of Ventana Fund.
Official website here: www.ventanafund.org
What is the revenue of Ventana Fund?
Ventana Fund's revenue in 2022 was $2,361,969.
Official website here: www.ventanafund.org
Who are the executives of Ventana Fund and what are their salaries?
There 10 volunteers at Ventana Fund.
Here are 10 key members and their salaries:
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Official website here: www.ventanafund.org
Where can I find the form 990 for Ventana Fund?
Ventana Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ventanafund.org
Learn more at the official website: www.ventanafund.org
Mission Statement of Ventana Fund
Ventana Fund, a not-for-profit organization, is dedicated to providing early-stage financing for affordable housing in underserved communities across New Mexico. Their mission is to extend financial and developmental services to low-income individuals, focusing on housing situated in economically distressed areas and housing market niches that are often overlooked by traditional financial institutions. Essentially, Ventana Fund aims to bridge the gap in housing financing for those in need, thereby contributing to the improvement of living conditions in New Mexico's underserved communities.
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Impact
July, 2024
Ventana Fund's impact is significant in providing early stage financing for affordable housing in New Mexico's underserved communities. By offering financing and development services for low-income individuals in the state, Ventana Fund focuses on housing located in economically distressed communities and housing market niches that are often overlooked by traditional financial institutions. Their work contributes to the improvement of communities and helps address the housing needs of those who are most vulnerable in New Mexico.
This information is meant to be a general summary of Ventana Fund. 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: $11,609
- Program Service Revenue: $684,095
- Gross Receipts: $2,361,969
Assets and Liabilities:
- Total Assets: $19,712,945
- Total Liabilities: $12,455,016
- Net Assets: $7,257,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE INTEREST
Revenue
$425,720
RENT INCOME-VALENCIA PARK
Revenue
$151,261
LOAN FEES
Revenue
$99,542
OTHER OPERATING INCOME
Revenue
$7,572
Organization Details
Founding Year
2014
Phone
(505) 377-2053Principal Officer
D Todd Clarke
Main Address
PO BOX 25483, ALBUQUERQUE, NM, 87125
Website
www.ventanafund.orgNTEE Category
Code: S43 - Community improvement
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