Overview
What is Vision Communities Inc?
Vision Communities Inc, established in Indiana on July 26, 2002, is a nonprofit organization dedicated to community development. Their mission revolves around supporting and aiding the underprivileged, promoting social welfare, and combating issues such as prejudice, discrimination, and community deterioration. One of their primary objectives is to provide safe and decent housing to individuals with low to moderate incomes. Their activities are geared towards fostering relief for the distressed, reducing neighborhood tensions, and tackling juvenile delinquency. This organization strives to create a more equitable and inclusive community.
What are the reviews and ratings of this charity?
**Vision Communities Inc Rating: Two Stars (67%) - Needs Improvement**
Vision Communities Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it requires improvement in various operational aspects. The rating is primarily based on accountability and finance, with a score of 67%. While the organization excels in having a majority of independent board members and maintains financial oversight, several key policies related to transparency, such as a whistleblower policy and document retention procedures, are missing, which lowers its overall score.
The nonprofit has shown some strengths in financial reliability, evident from its reasonable liabilities to assets ratio and a significant proportion of program expenses. However, the absence of critical elements like the posting of tax forms and oversight policies raises concerns regarding governance and transparency. Additionally, the nonprofit did not receive scores for its impact, leadership, or community engagement, which suggests a lack of comprehensive evaluation in these vital areas.
There are currently no user reviews available from GreatNonprofits to provide extra insights into public perception or direct experiences with Vision Communities Inc. Overall, while the organization demonstrates a basic level of financial accountability, it faces notable challenges in governance and transparency that need addressing to enhance its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Vision Communities Inc legitimate?
Vision Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vision Communities 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:
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What is the mission statement of Vision Communities Inc?
Vision Communities Inc, as a nonprofit organization, is dedicated to engaging in community development activities. Their mission is to foster and support relief for the underprivileged, promote social welfare, and combat issues such as neighborhood tensions, prejudice, discrimination, and community deterioration, including juvenile delinquency. Additionally, Vision Communities Inc aims to provide safe and decent housing to individuals with low to moderate income. Their objective is to lessen hardships and enhance living conditions for those in need.
Who is the CEO of Vision Communities Inc?
David M Flaherty is the Treasurer of Vision Communities Inc.
What is the revenue of Vision Communities Inc?
Vision Communities Inc's revenue in 2022 was $8,713,076.
Who are the executives of Vision Communities Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Vision Communities Inc?
Vision Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vision Communities Inc
Vision Communities Inc, established in 2002, is a nonprofit organization committed to engaging in community development activities. Its primary objective is to alleviate the hardships faced by the poor and distressed, as well as the underprivileged, by promoting social welfare and combating prejudice and discrimination. The organization also works towards lessening neighborhood tensions and combating community deterioration and juvenile delinquency. Moreover, Vision Communities Inc provides safe and decent housing for low-to-moderate-income individuals, contributing to their overall well-being and societal stability. By engaging in these community development activities, Vision Communities Inc aims to foster a sense of community and support for those in need.
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Impact
July, 2024
Vision Communities Inc's impact lies in its focus on community development activities that provide relief for the poor and distressed, promote social welfare, lessen neighborhood tensions, combat community deterioration, and offer safe and decent housing to low-to-moderate-income individuals. This organization in Indianapolis, Indiana, works towards eliminating prejudice and discrimination while addressing juvenile delinquency. Through its mission to engage in community development, Vision Communities Inc makes a tangible difference in the lives of those in need by creating opportunities for improved living standards and fostering a sense of belonging in the community.
This information is meant to be a general summary of Vision Communities 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: $4,095,444
- Program Service Revenue: $3,781,321
- Gross Receipts: $14,634,578
Assets and Liabilities:
- Total Assets: $20,078,745
- Total Liabilities: $6,889,414
- Net Assets: $13,189,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,080,999
DEVELOPMENT FEE INCOME
Revenue
$425,280
DEVELOPMENT INTEREST INCOME
Revenue
$275,042
Organization Details
Founding Year
2002
Phone
(317) 816-9300Principal Officer
David M Flaherty
Main Address
ONE INDIANA SQUARE SUITE 3000, INDIANAPOLIS, IN, 46204
NTEE Category
Code: L20 - Housing
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