Overview
What is Park Village Inc?
Park Village Inc is a nonprofit organization situated in Harrisonburg, Virginia, specifically at 1501 Virginia Avenue. Their primary focus is to provide a nurturing and engaging environment for individuals seeking to age gracefully. This includes offering one- and two-bedroom retirement apartments, as well as cottages, along with maintenance services for the units, grounds, and appliances. The organization strives to be a vibrant and authentic community hub, offering various activities to its residents. With a workforce of 84 dedicated individuals, Park Village Inc aims to create a supportive and stimulating living environment for its members, promoting overall well-being and a high quality of life.
Official website here: www.vmrc.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 81% - Three-Star out of Four Star Rating**
Park Village Inc has received an 81% score, signifying a solid performance in accountability and finance. The charity is evaluated entirely based on this aspect, earning high marks for independent governance, transparency, and financial integrity. Key strengths include a fully independent board, robust financial oversight, and effective conflict of interest policies, indicating a commitment to ethical practices.
However, the organization struggles with a concerning liabilities to assets ratio, showcasing potential financial risks that may require attention. While it has been praised for its program expense ratio, which highlights effective fund allocation, the absence of its tax form on the nonprofit's website may raise questions about transparency. Overall, while Park Village Inc shows commitment to responsible governance, its financial stability warrants closer scrutiny.
User reviews from GreatNonprofits could not be retrieved, so feedback from the broader community is not available for this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Park Village Inc legitimate?
Park Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,606,483
For more financial information, click here
Official website here: www.vmrc.org
What is the mission statement of Park Village Inc?
Park Village Inc aims to establish itself as a hub for individuals seeking to age gracefully in a lively, authentic community. Their mission is to provide a vibrant environment, catering to the needs of retirees with one- and two-bedroom apartments and cottages. The organization takes care of the maintenance of the units, grounds, and appliances, ensuring a comfortable living experience for its residents. By offering various activities, Park Village Inc fosters an engaging community where seniors can age well.
Official website here: www.vmrc.org
Who is the CEO of Park Village Inc?
J David Yoder is the CEO of Park Village Inc The CEO's salary of Park Village Inc is $0 and their total compensation is $0.
Official website here: www.vmrc.org
What is the revenue of Park Village Inc?
Park Village Inc's revenue in 2024 was $11,876,254.
Official website here: www.vmrc.org
Who are the executives of Park Village Inc and what are their salaries?
The average compensation at Park Village Inc during 2024 was $14,738. There are 109 employees and 25 volunteers at Park Village Inc.
Here are 7 key members and their salaries (Park Village Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $188,524
- Other: $19,349
- Compensation: $0
- Related: $185,418
- Other: $16,573
- 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: $0
- Other: $0
Official website here: www.vmrc.org
Where can I find the form 990 for Park Village Inc?
Park Village Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vmrc.org
Learn more at the official website: www.vmrc.org
Mission Statement of Park Village Inc
Park Village Inc, as a mission-driven organization, aims to serve as a vibrant and authentic destination hub for individuals seeking to age well. Their goal is to create an environment that caters to the needs of those looking to enjoy their later years with a sense of community. This is achieved through the provision of retirement apartments and cottages, complete with necessary maintenance services for units, grounds, and appliances. Park Village Inc's mission is not just about providing living spaces, but also about fostering a sense of community and well-being among its residents.
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Impact
July, 2024
Park Village Inc's impact is in providing a vibrant and authentic community for individuals who aim to age well. Through their retirement apartments and cottages, along with various activities and maintenance services, they create a supportive and enriching environment for their residents in Harrisonburg, VA. Their commitment to human services further emphasizes their dedication to enhancing the quality of life for older individuals in a community-focused setting.
This information is meant to be a general summary of Park 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 2024.
- Program Service Revenue: $11,714,744
- Gross Receipts: $12,060,565
Assets and Liabilities:
- Total Assets: $29,187,223
- Total Liabilities: $47,770,332
- Net Assets: -$18,583,109
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR HOUSING & SERVICE FEES
Revenue
$11,714,744
Organization Details
Founding Year
1980
Principal Officer
Jake Bell
Website
www.vmrc.orgNTEE Category
Code: P75Z - Human services
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