Overview
What is Redford Township Voa Elderly Housin Coventry Place Apartments?
Redford Township Voa Elderly Housin Coventry Place Apartments is a nonprofit organization situated at 1660 Duke Street, Alexandria, Virginia 22314. Its primary mission is to provide housing for elderly and disabled individuals and families, as per Section 202 of the National Housing Act. They fulfill this mission through an agreement with the Department of HUD. This nonprofit organization offers a safe and supportive living environment for those in need, ensuring they have access to essential housing resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Redford Township Voa Elderly Housing Coventry Place Apartments has received a solid rating of 79%, which reflects a good level of accountability and financial management. The organization boasts a strong independent board, with 86% of its members being independent, and it has effectively implemented various governance policies, including conflict of interest and whistleblower policies.
One of the notable strengths is the impressive program expense ratio of 93.34%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has a comprehensive audit and oversight committee, demonstrating a commitment to transparency and effective financial oversight.
However, the organization does face a challenge with its liabilities to assets ratio, which is at 112.25%. This metric suggests that the organization may have more liabilities than assets, potentially raising concerns about its financial stability in the long run. Overall, while there are strengths in governance and program spending, the financial ratios indicate areas that need monitoring.
This AI summary has been generated from information found on Charity Navigator.
Is Redford Township Voa Elderly Housin Coventry Place Apartments legitimate?
Redford Township Voa Elderly Housin Coventry Place Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redford Township Voa Elderly Housin Coventry Place Apartments 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: $123,641
For more financial information, click here
What is the mission statement of Redford Township Voa Elderly Housin Coventry Place Apartments?
Redford Township Voa Elderly Housing Coventry Place Apartments is dedicated to providing housing for elderly and disabled individuals and families, adhering to Section 202 of the National Housing Act. This is carried out under an agreement with the Department of Housing and Urban Development. The organization's primary goal is to offer a safe and comfortable living space for those in need, ensuring they have access to appropriate housing solutions. The housing provided aims to enhance the quality of life for these individuals, providing them with a supportive environment where they can live independently and with dignity. The organization's commitment extends to complying with the guidelines set by the National Housing Act, ensuring the needs of its residents are met in a responsible and equitable manner.
What is the revenue of Redford Township Voa Elderly Housin Coventry Place Apartments?
Redford Township Voa Elderly Housin Coventry Place Apartments's revenue in 2024 was $724,398.
Who are the executives of Redford Township Voa Elderly Housin Coventry Place Apartments and what are their salaries?
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $645,785
- Other: $179,300
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- Related: $432,820
- Other: $72,837
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- Related: $340,552
- Other: $108,473
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- Related: $290,542
- Other: $26,987
- Compensation: $0
- Related: $258,187
- Other: $40,162
- Compensation: $0
- Related: $180,262
- Other: $95,108
- Compensation: $0
- Related: $215,519
- Other: $4,998
- Compensation: $0
- Related: $167,386
- Other: $17,712
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- Related: $138,895
- Other: $20,965
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Where can I find the form 990 for Redford Township Voa Elderly Housin Coventry Place Apartments?
Redford Township Voa Elderly Housin Coventry Place Apartments's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Redford Township Voa Elderly Housin Coventry Place Apartments
Redford Township VoA Elderly Housing Coventry Place Apartments is dedicated to providing housing solutions for elderly and disabled individuals and families, as per Section 202 of the National Housing Act. Under an agreement with the Department of HUD, this nonprofit organization offers a safe and supportive living environment, ensuring that these vulnerable groups have access to the care and assistance they require. By providing housing under Section 202 of the National Housing Act, Redford Township VoA Elderly Housin Coventry Place Apartments plays a crucial role in promoting the well-being and independence of elderly and disabled persons, thereby enhancing their overall quality of life.
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Impact
July, 2024
Redford Township Voa Elderly Housing Coventry Place Apartments provides essential housing to elderly and disabled individuals and families under Section 202 of the National Housing Act in collaboration with the Department of Housing and Urban Development (HUD). Its impact lies in offering a secure and supportive living environment for vulnerable populations, ensuring they have access to safe and affordable housing options. By fulfilling this critical need, Redford Township Voa Elderly Housing Coventry Place Apartments positively impacts the well-being and quality of life of its residents, promoting independence and a sense of community among those it serves.
This information is meant to be a general summary of Redford Township Voa Elderly Housin Coventry Place Apartments. 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 2024.
- Investment Income: $1,549
- Program Service Revenue: $718,534
- Gross Receipts: $724,398
Assets and Liabilities:
- Total Assets: $3,357,751
- Total Liabilities: $3,769,148
- Net Assets: -$411,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$669,103
ELDERLY SERVICE REVENUE
Revenue
$49,431
Organization Details
Founding Year
1987
Principal Officer
Peter Desjardins
NTEE Category
Code: L21Z - Housing
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