Overview
What is Veterans Independent Living Of Albuquerque Inc?
Veterans Independent Living of Albuquerque Inc is a nonprofit organization situated in Albuquerque, New Mexico. Its primary focus is to offer affordable housing to an average of 75 mentally disabled individuals at any given time, with a special emphasis on veterans and their family members. These individuals may suffer from various conditions including mental illness, homelessness, schizophrenia, and PTSD. The organization provides essential services such as room and board, janitorial services, and hygiene materials. An on-call nurse ensures compliance with residents' prescriptions and appropriate medication usage. Each apartment has access to a washer and dryer. Furthermore, transportation to doctor appointments at the VA hospital is also available. The nonprofit's mission is to provide a supportive living environment, including housekeeping, meals, and assistance with daily tasks, to mentally disabled individuals, particularly veterans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%)
Veterans Independent Living Of Albuquerque Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. The organization boasts a fully independent board, which is a positive aspect, but it has significant shortcomings in financial transparency, as evidenced by the absence of financial statements and required documents on its website.
The organization demonstrates a strong program expense ratio of 96.08%, suggesting that the majority of its resources are dedicated to its mission. However, the high liabilities to assets ratio of 121.72% raises concerns about its financial stability. Additionally, while the charity has listed its conflict of interest and whistleblower policies, it lacks essential documentation practices such as a document retention policy and accessible tax forms.
Overall, while Veterans Independent Living Of Albuquerque Inc shows commitment through its independent governance and program spending, the lack of financial documentation and transparency poses challenges that could undermine trust and operational effectiveness. Addressing these areas could enhance its overall rating and stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Veterans Independent Living Of Albuquerque Inc legitimate?
Veterans Independent Living Of Albuquerque Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veterans Independent Living Of Albuquerque 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 Veterans Independent Living Of Albuquerque Inc?
Veterans Independent Living of Albuquerque Inc's mission is centered around providing affordable housing for mentally disabled individuals, with a focus on veterans. This housing includes essential services such as housekeeping, meals, and assistance with daily needs. The organization aims to accommodate an average of 75 residents at any given time. It caters to veterans discharged from the VA hospital, as well as their family members who may be dealing with mental health issues like schizophrenia, PTSD, and formally homeless status. The housing provides room and board, janitorial services, and hygiene materials. An on-call nurse is available 24/7 to ensure residents adhere to their prescriptions and medications are taken correctly. Each apartment is equipped with a washer and dryer, and transportation for doctor appointments at the VA hospital is also available.
Who is the CEO of Veterans Independent Living Of Albuquerque Inc?
Faye Janzad is the President of Veterans Independent Living Of Albuquerque Inc.
What is the revenue of Veterans Independent Living Of Albuquerque Inc?
Veterans Independent Living Of Albuquerque Inc's revenue in 2022 was $1,856,095.
Who are the executives of Veterans Independent Living Of Albuquerque Inc and what are their salaries?
There 1 volunteer at Veterans Independent Living Of Albuquerque Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Veterans Independent Living Of Albuquerque Inc?
Veterans Independent Living Of Albuquerque Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Veterans Independent Living Of Albuquerque Inc
Veterans Independent Living of Albuquerque Inc is committed to providing affordable housing for mentally disabled individuals, with a particular focus on veterans. The organization caters to an average of 75 residents at any given time, offering more than just a place to live. Residents receive assistance with housekeeping, meals, and managing their prescriptions, ensuring they take their medication appropriately. The housing also includes amenities such as washers and dryers in each apartment. To ensure the well-being of its residents, who may have conditions like mental illness, homelessness, schizophrenia, and PTSD, an on-call nurse is available 24 hours a day. The organization extends its services to discharged veterans from the VA hospital and their family members, offering them a supportive and caring environment.
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Impact
July, 2024
Veterans Independent Living Of Albuquerque Inc's impact is profound as it provides essential support and housing services to mentally disabled individuals, with a particular focus on veterans. The organization offers not just affordable housing but also necessary amenities such as housekeeping, meals, assistance with daily tasks, and access to medical care for an average of 75 residents at any given time. By catering to discharged veterans from the VA hospital and their family members, the organization addresses critical needs for individuals dealing with mental illness, homelessness, schizophrenia, and PTSD. Providing necessities like room and board, janitorial services, hygiene materials, and ensuring medication compliance through on-call nursing support contributes significantly to the well-being and stability of residents. Additionally, the provision of in-house laundry facilities and transportation for medical appointments further underscores the organization's commitment to enhancing the quality of life for those it serves.
This information is meant to be a general summary of Veterans Independent Living Of Albuquerque 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.
- Program Service Revenue: $1,856,095
- Gross Receipts: $1,856,095
Assets and Liabilities:
- Total Assets: $5,322,091
- Total Liabilities: $6,478,253
- Net Assets: -$1,156,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,856,095
Organization Details
Founding Year
2005
Phone
(505) 291-8000Principal Officer
Faye Janzad
Main Address
3900 JUAN TABO BLVD NE, ALBUQUERQUE, NM, 87111
NTEE Category
Code: L20 - Housing
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