Overview
What is St Joseph's Villa Housing Corporation?
St. Joseph's Villa Housing Corporation is a nonprofit organization situated in Richmond, Virginia. The primary mission of this organization is to provide affordable housing for individuals with physical and mental disabilities. They have successfully established Hollybrook Apartments, one of three HUD Section 8 housing facilities in the U.S. specifically designed to cater to the needs of disabled adults. This facility is appealing to both disabled adults seeking independent living and to elders seeking to age in place. The housing complex consists of sixty units, and there is a consistent waiting list. Since 2015, the corporation has partnered with Community Housing Partners (CHP) to manage the property, ensuring the smooth operation of its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
St Joseph's Villa Housing Corporation has received a Three-Star rating, indicating a solid performance in terms of accountability and finance. The organization scored 79% overall, with a key strength being its high program expense ratio of 92.26%, meaning a large portion of its expenses goes directly to its programs rather than overhead. Additionally, the organization has an independent board with 100% of its members being independent, which is crucial for unbiased governance.
The nonprofit shows strong governance practices, having established comprehensive policies such as conflict of interest, whistleblower protections, and document retention, all of which were rated favorably. Furthermore, the organization maintains proper documentation of board meeting minutes, reflecting transparency and accountability in its operations.
However, the charity has a significant area of concern, as indicated by its liabilities to assets ratio of 180.25%, which implies that liabilities exceed assets by a substantial margin. This may raise questions about the financial sustainability of the organization, even as it demonstrates good practices in other areas. Overall, while the organization displays strong governance and program efficiency, the financial health aspect may warrant closer scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is St Joseph's Villa Housing Corporation legitimate?
St Joseph's Villa Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Joseph's Villa Housing Corporation 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: $146,676
For more financial information, click here
What is the mission statement of St Joseph's Villa Housing Corporation?
St. Joseph's Villa Housing Corporation is committed to providing low-income housing for individuals who are physically and mentally disabled. This mission is carried out through the operation of facilities such as Hollybrook Apartments, which is specifically designed to cater to the needs of disabled adults. The organization aims to offer independent living options for disabled adults and comfortable aging-in-place opportunities for the elderly. The corporation manages several HUD Section 8 housing facilities, with Hollybrook Apartments having 60 units and a consistent waiting list. Since 2015, St. Joseph's Villa has collaborated with Community Housing Partners to manage one of their properties.
Who is the CEO of St Joseph's Villa Housing Corporation?
Harvey Latney Jr is the Chairman of St Joseph's Villa Housing Corporation.
What is the revenue of St Joseph's Villa Housing Corporation?
St Joseph's Villa Housing Corporation's revenue in 2022 was $662,994.
Who are the executives of St Joseph's Villa Housing Corporation and what are their salaries?
There 3 volunteers at St Joseph's Villa Housing Corporation.
Here are 3 key members and their salaries:
- 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 St Joseph's Villa Housing Corporation?
St Joseph's Villa Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Joseph's Villa Housing Corporation
St. Joseph's Villa Housing Corporation is committed to providing low-income housing for individuals who are physically and mentally disabled. This mission is vital in ensuring that these individuals have a safe and suitable living environment where they can live independently or age in place. The organization operates Hollybrook Apartments, one of three HUD Section 8 housing facilities in the United States specifically designed to cater to the needs of disabled adults. With a consistent waiting list, St. Joseph's Villa Housing Corporation addresses the housing needs of this vulnerable population, making it an essential service provider. Since 2015, the corporation has partnered with Community Housing Partners (CHP) to manage the property, ensuring that the housing facilities are well-maintained and meet the needs of its residents.
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Impact
July, 2024
St. Joseph's Villa Housing Corporation, through its Hollybrook Apartments, has a significant impact on the lives of physically and mentally disabled individuals in Richmond, VA. By providing low-income housing tailored to meet the specific needs of this community, St. Joseph's Villa Housing Corporation enables disabled adults to live independently and allows elders to "age in place." The 60-unit apartment complex consistently maintains a waiting list, underscoring the high demand for this specialized housing solution. The partnership with Community Housing Partners since 2015 has ensured efficient management of the property, further enhancing the organization's ability to fulfill its mission of offering affordable housing to those in need.
This information is meant to be a general summary of St Joseph's Villa Housing Corporation. 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: $379
- Program Service Revenue: $199,671
- Gross Receipts: $662,994
Assets and Liabilities:
- Total Assets: $1,159,904
- Total Liabilities: $2,110,060
- Net Assets: -$950,156
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME HOUSING REN
Revenue
$194,921
LAUNDRY & VENDING
Revenue
$4,750
Organization Details
Founding Year
1982
Phone
(804) 553-3200Principal Officer
Harvey Latney Jr
Main Address
8000 BROOK ROAD, RICHMOND, VA, 232271338
NTEE Category
Code: L21 - Housing
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