Overview
What is Virginia Supportive Housing?
Virginia Supportive Housing (VSH) is a nonprofit organization based in Richmond, Virginia. With a team of 196 employees, their mission is to eliminate homelessness by offering permanent housing and supportive services. VSH's flagship program, Housing First, provides rental assistance and stabilizing services to formerly chronically homeless individuals residing with third-party landlords. Funded through multiple HUD grants, this program served 156 individuals in 153 households in 2022, with an impressive 96% prevention of homelessness recurrence.
Official website here: www.virginiasupportivehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Virginia Supportive Housing has earned a robust Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. Their strong score of 96% indicates effective management, with all board members being independent, as well as strong oversight in financial auditing. The organization demonstrates a commendable program expense ratio of 86.50%, showing a significant portion of funds directed towards programmatic efforts.
However, user feedback from Great Nonprofits includes concerns about living conditions, particularly regarding maintenance issues such as mold and inadequate responses to tenant complaints. One review highlights persistent problems such as insect infestations and poor building upkeep, suggesting a gap between the organization's financial management and the direct experiences of clients served.
While Virginia Supportive Housing excels in fiscal responsibility and governance, attention to client feedback and improvement in living conditions may enhance their overall impact and client satisfaction in the future.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Virginia Supportive Housing legitimate?
Virginia Supportive Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Supportive Housing 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: $4,983,787
For more financial information, click here
Official website here: www.virginiasupportivehousing.org
What is the mission statement of Virginia Supportive Housing?
Virginia Supportive Housing (VSH) is dedicated to putting an end to homelessness. They accomplish this by providing permanent housing solutions and essential supportive services to individuals who have previously struggled with chronic homelessness. VSH's Housing First program is their largest initiative, which includes scattered site projects funded through various HUD Continuum of Care grants. In the year 2022, this program successfully served 156 individuals living in 153 households, maintaining a remarkable 96% success rate in preventing the return of homelessness. VSH's mission is to ensure that those who have experienced homelessness can regain their footing and live stable lives.
Official website here: www.virginiasupportivehousing.org
Who is the CEO of Virginia Supportive Housing?
Allison Bogdanovic is the Executive Director of Virginia Supportive Housing.
Official website here: www.virginiasupportivehousing.org
What is the revenue of Virginia Supportive Housing?
Virginia Supportive Housing's revenue in 2022 was $16,410,294.
Official website here: www.virginiasupportivehousing.org
Who are the executives of Virginia Supportive Housing and what are their salaries?
The average compensation at Virginia Supportive Housing during 2022 was $25,427. There are 196 employees and 1000 volunteers at Virginia Supportive Housing.
Here are 19 key members and their salaries:
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- Compensation: $118,423
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- Other: $10,427
Official website here: www.virginiasupportivehousing.org
Where can I find the form 990 for Virginia Supportive Housing?
Virginia Supportive Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.virginiasupportivehousing.org
Learn more at the official website: www.virginiasupportivehousing.org
Mission Statement of Virginia Supportive Housing
Virginia Supportive Housing (VSH) is a nonprofit organization dedicated to putting an end to homelessness. Through their mission, they provide permanent housing solutions and supportive services to formerly chronically homeless individuals. VSH's Housing First program is their most significant initiative, which consists of scattered site projects. In these projects, rental assistance and housing stabilization services are offered to individuals residing with third-party landlords within the community.
Funded through various HUD Continuum of Care (CoC) competitive grants, the Housing First program by Virginia Supportive Housing served 156 individuals in 153 households in 2022. An impressive 96% of the individuals served remained housed and did not return to homelessness. VSH takes a proactive approach to addressing homelessness by offering a permanent housing solution, ensuring the individuals they serve have a stable living environment and the necessary support services to maintain their housing. By providing these essential services, Virginia Supportive Housing is committed to making a lasting impact on the lives of those who have struggled with chronic homelessness.
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Impact
October, 2024
Virginia Supportive Housing has a significant impact on the community by effectively addressing homelessness through its Housing First program. This initiative offers permanent housing and supportive services to formerly chronically homeless individuals, allowing them to stabilize their lives and integrate into their communities.
In 2022, the program served 156 individuals across 153 households, with a remarkable 96% of participants avoiding a return to homelessness. By focusing on rental assistance and housing stabilization, Virginia Supportive Housing not only provides a roof over individuals' heads but also supports their journey toward self-sufficiency and stability. This approach not only transforms lives but also contributes positively to the community by reducing homelessness and fostering a sense of belonging.
This information is meant to be a general summary of Virginia Supportive Housing. 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: $279,776
- Program Service Revenue: $2,126,768
- Gross Receipts: $16,410,294
Assets and Liabilities:
- Total Assets: $35,534,461
- Total Liabilities: $3,972,043
- Net Assets: $31,562,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income and Fees Earned
Revenue
$572,312
Developer Fees
Revenue
$778,463
Contract Revenue
Revenue
$775,993
Organization Details
Founding Year
1988
Phone
(804) 788-6825Principal Officer
Allison Bogdanovic
Main Address
PO BOX 8585, RICHMOND, VA, 23226
NTEE Category
Code: L80 - Housing
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