Overview
What is Victory Gardens Inc?
Victory Gardens Inc, based in Boston, Massachusetts, is a nonprofit organization with a mission to provide affordable housing for low-income elderly individuals. This mission is carried out by offering residential facilities that cater to their physical, social, and psychological needs, ultimately contributing to their overall well-being and longer living. The organization's purpose is not just limited to housing, but also extends to providing services tailored to meet the unique requirements of its elderly residents, thereby promoting their health, security, happiness, and usefulness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
Victory Gardens Inc has received a moderate rating of 71%, indicating room for improvement in its accountability and finance practices. While the organization excels in program expense ratio at 94.34%, demonstrating a strong commitment to its mission-driven activities, its lack of independent board members raises concerns about governance and oversight.
The organization has a solid financial statement audit and oversight committee, and there are no reported material diversions of assets. However, deficiencies are noted in other governance areas, including the absence of a whistleblower policy and missing information on its website, such as tax forms. This could impact transparency and trust among potential donors and stakeholders.
Overall, while Victory Gardens Inc demonstrates a significant investment in its programs, the lack of independent oversight and key governance policies may hinder its credibility. Addressing these issues could enhance its effectiveness and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Victory Gardens Inc legitimate?
Victory Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory Gardens 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: $0
For more financial information, click here
What is the mission statement of Victory Gardens Inc?
Victory Gardens Inc's mission is centered around providing affordable housing for the elderly with low income. The organization strives to offer housing facilities at reasonable prices, while also catering to the physical, social, and psychological needs of its residents. Their goal is to enhance the health, security, happiness, and usefulness of these individuals, allowing them to live comfortably and with purpose in their later years. The services provided by Victory Gardens Inc are designed to promote a fulfilling lifestyle for its elderly residents.
Who is the CEO of Victory Gardens Inc?
Thomas Buonopane is the Director, President of Victory Gardens Inc.
What is the revenue of Victory Gardens Inc?
Victory Gardens Inc's revenue in 2022 was $578,025.
Who are the executives of Victory Gardens Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $233,414
- Other: $50,204
- Compensation: $0
- Related: $222,269
- Other: $47,250
Where can I find the form 990 for Victory Gardens Inc?
Victory Gardens Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Victory Gardens Inc
Victory Gardens Inc, a non-profit organization, is committed to providing affordable housing for low-income elderly individuals. Their mission is multifaceted, aiming to not only offer housing facilities at an affordable price but also to cater to the physical, social, and psychological needs of its residents. This organization strives to promote the health, security, happiness, and usefulness of its elderly residents, enabling them to live longer, fulfilling lives. By offering services designed to meet these needs, Victory Gardens Inc seeks to enhance the quality of life for its elderly residents, ensuring their overall well-being and contentment.
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Impact
July, 2024
Victory Gardens Inc has made a significant impact by providing low-income elderly persons in Boston, Massachusetts with affordable housing options. By offering housing facilities on an affordable basis and services designed to meet their physical, social, and psychological needs, Victory Gardens Inc has been able to promote the health, security, happiness, and usefulness of elderly individuals in longer living. Through their mission to provide affordable housing for low-income elderly persons, Victory Gardens Inc has helped improve the quality of life for many individuals in need.
This information is meant to be a general summary of Victory Gardens 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: $35
- Program Service Revenue: $173,559
- Gross Receipts: $578,025
Assets and Liabilities:
- Total Assets: $3,175,943
- Total Liabilities: $117,541
- Net Assets: $3,058,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$173,559
Organization Details
Founding Year
2002
Phone
(857) 221-8600Principal Officer
Thomas Buonopane
Main Address
CO TCB INC 185 DARTMOUTH STREET, BOSTON, MA, 02116
NTEE Category
Code: L22 - Housing
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