Overview
What is Villa Maria Manor Inc?
Villa Maria Manor Inc is a nonprofit organization situated in Nashville, Tennessee. Its primary mission is to offer and maintain a 214-unit Section 8 housing complex, catering to the needs of elderly families, elderly individuals, or other vulnerable populations. The organization's facilities are designed to address various aspects of their residents' well-being, including physical, social, psychological, and emotional needs. By providing suitable housing, Villa Maria Manor aims to contribute positively to their tenants' health, security, happiness, and social usefulness. With a workforce of 15 dedicated individuals, this organization is committed to ensuring a comfortable living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Villa Maria Manor Inc has received a 71% rating from Charity Navigator, which reflects a moderate level of accountability and financial health. The organization has a strong governance structure, boasting 100% independent board members and a comprehensive conflict of interest and whistleblower policy. Furthermore, the presence of an effective audit committee suggests a commitment to financial oversight and transparency.
However, the organization falls short in certain financial metrics. It has a program expense ratio of 57.74%, indicating that a significant portion of its expenses may not be directly allocated to programs. Additionally, the absence of a tax form on the nonprofit's website raises concerns about transparency in financial reporting, which is a critical factor for donor trust and accountability.
Overall, while Villa Maria Manor Inc demonstrates strong governance and adherence to various oversight practices, its financial management practices could benefit from improvement. Addressing the noted limitations may help enhance the organization's rating and overall public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Maria Manor Inc legitimate?
Villa Maria Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Maria Manor 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: $460,199
For more financial information, click here
What is the mission statement of Villa Maria Manor Inc?
Villa Maria Manor Inc's mission is centered around providing and maintaining housing for elderly families, elderly persons, and other needy individuals. The organization's primary objective is to cater to their physical, social, psychological, and other human needs. The housing facilities are designed to contribute positively to their health, security, happiness, and social usefulness. Villa Maria Manor Inc operates a 214-unit Section 8, multi-family housing apartment complex, providing a home for these individuals in need.
Who is the CEO of Villa Maria Manor Inc?
Richard Borofski is the Trustee of Villa Maria Manor Inc.
What is the revenue of Villa Maria Manor Inc?
Villa Maria Manor Inc's revenue in 2022 was $3,988,433.
Who are the executives of Villa Maria Manor Inc and what are their salaries?
The average compensation at Villa Maria Manor Inc during 2022 was $30,680. There are 15 employees at Villa Maria Manor Inc.
Here are 8 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $220,002
- Other: $21,113
Where can I find the form 990 for Villa Maria Manor Inc?
Villa Maria Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Villa Maria Manor Inc
Villa Maria Manor Inc is committed to providing and maintaining housing for elderly families, elderly persons, and other needy individuals. This nonprofit organization operates a Section 8, multi-family housing apartment complex, housing a total of 214 units. The facilities and housing provided by Villa Maria Manor Inc are designed to cater to the physical, social, psychological, and other human needs of these families and individuals. The aim is to contribute to their health, security, happiness, and social usefulness. Villa Maria Manor Inc's mission is to offer a living environment that supports the well-being and overall quality of life of its residents, ensuring they have a safe, comfortable, and nurturing place to call home.
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
July, 2024
Villa Maria Manor Inc directly impacts the community in Nashville, Tennessee by providing stable and affordable housing to elderly families, elderly persons, and other needy individuals. Through its operation of a 214-unit Section 8, multi-family housing apartment complex, the organization ensures that vulnerable groups have a safe and supportive environment to reside in. By addressing the physical, social, and psychological needs of its residents, Villa Maria Manor Inc contributes to their overall well-being, security, and happiness. This organization's commitment to offering housing solutions for those in need plays a crucial role in enhancing the quality of life for elderly and vulnerable individuals in the Nashville community.
This information is meant to be a general summary of Villa Maria Manor 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: $358,492
- Program Service Revenue: $3,626,866
- Gross Receipts: $4,018,531
Assets and Liabilities:
- Total Assets: $14,247,205
- Total Liabilities: $9,816,295
- Net Assets: $4,430,910
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.
RESIDENT RENT
Revenue
$3,503,721
TENANT CHARGES
Revenue
$87,834
RESIDENT MEALS
Revenue
$20,530
LAUNDRY AND VENDING RE
Revenue
$14,262
MISC RESIDENT CHARGES
Revenue
$519
Organization Details
Founding Year
1978
Phone
(615) 760-4426Principal Officer
Richard Borofski
Main Address
32 WHITE BRIDGE PIKE, NASHVILLE, TN, 37205
NTEE Category
Code: L22 - Housing
If you are a representative of Villa Maria Manor 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.