Overview
What is Loretta Village Housing Ii Inc?
Loretta Village Housing II Inc is a nonprofit organization situated in Salisbury, Maryland. Their primary objective is to offer affordable housing and assistance to the elderly within the community. Through their operations, they aim to provide secure and economical residences for the elderly population, ensuring their well-being and comfort. The organization's mission is deeply rooted in the commitment to support and uplift the elderly, making a significant contribution to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Loretta Village Housing II Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization has a strong score of 94%, reflecting its solid management practices and commitment to transparency. Key strengths include a fully independent board and a low liabilities to assets ratio, which signifies effective financial stewardship.
The organization is noted for its robust governance structures, with 100% of board members being independent and a comprehensive set of policies in place, including conflict of interest and whistleblower policies. Additionally, Loretta Village Housing maintains a healthy program expense ratio of 72.03%, suggesting that a significant portion of its funding is directed towards its programs and mission rather than administrative costs.
While the available data highlights many strengths, no specific limitations are noted in the information provided. Overall, Loretta Village Housing II Inc stands out as a well-managed nonprofit, dedicated to its mission and demonstrating a commitment to best practices in charity governance.
This AI summary has been generated from information found on Charity Navigator.
Is Loretta Village Housing Ii Inc legitimate?
Loretta Village Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loretta Village Housing Ii 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: $18,039
For more financial information, click here
What is the mission statement of Loretta Village Housing Ii Inc?
Loretta Village Housing II Inc is committed to providing a mission that prioritizes the elderly community. Their primary objective is to offer safe and affordable housing options, along with necessary assistance. The organization's mission is centered around providing low-cost housing and essential support services to the elderly population in their community. This initiative aims to enhance the quality of life for the elderly, ensuring they live in a secure and cost-effective environment.
Who is the CEO of Loretta Village Housing Ii Inc?
Freddy L Mitchell is the Board Member of Loretta Village Housing Ii Inc.
What is the revenue of Loretta Village Housing Ii Inc?
Loretta Village Housing Ii Inc's revenue in 2022 was $73,327.
Who are the executives of Loretta Village Housing Ii Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $151,891
- Other: $10,554
- 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
Where can I find the form 990 for Loretta Village Housing Ii Inc?
Loretta Village Housing Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loretta Village Housing Ii Inc
Loretta Village Housing II Inc is committed to a noble mission. This nonprofit organization aims to provide a secure and economically accessible living environment for the elderly within the community. Its primary goal is to offer low-cost housing, along with essential assistance, to this age group. By doing so, Loretta Village Housing II Inc strives to enhance the quality of life for the elderly population, ensuring they are well-cared for and supported in their later years.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Loretta Village Housing II Inc has a significant impact on the community by providing safe and affordable housing and assistance to the elderly. Through their mission to offer low-cost housing options and support services, they contribute to improving the quality of life for elderly individuals in Salisbury, MD. Their focus on housing for the elderly population addresses a critical need in the community and helps ensure that this vulnerable demographic has access to a secure and comfortable living environment.
This information is meant to be a general summary of Loretta Village Housing Ii 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: $20
- Program Service Revenue: $24,760
- Gross Receipts: $73,327
Assets and Liabilities:
- Total Assets: $388,787
- Total Liabilities: $18,098
- Net Assets: $370,689
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$24,760
Organization Details
Founding Year
2004
Phone
(410) 749-1142Principal Officer
Freddy L Mitchell
Main Address
520 SNOW HILL RD, SALISBURY, MD, 21804
NTEE Category
Code: L22 - Housing
If you are a representative of Loretta Village Housing Ii Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.