Overview
What is Nazareth Villages Inc?
Nazareth Villages Inc is a nonprofit organization located in Nazareth, Kentucky. Their primary mission is to provide safe, comfortable, and affordable housing for elderly and disabled individuals with low to middle incomes. This apartment complex, with 101 units, operates under Christian values, following the mission of the Sisters of Charity of Nazareth. The organization's work is characterized by a compassionate spirit, aiming to promote both independence and community among its residents. With a small team of 9 employees, Nazareth Villages Inc ensures that the living environment is peaceful and supportive for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
Nazareth Villages Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. Their overall score is derived entirely from a single beacon score, indicating consistent excellence in how they manage their financial resources. The high accountability score of 90% suggests effective governance and transparency in their operations.
The organization demonstrates robust governance practices with 92% of board members being independent, which is vital for maintaining objectivity in decision-making. They have also established solid audit and oversight mechanisms, along with effective policies for conflict of interest and document retention. These factors contribute positively to their operational integrity.
Nazareth Villages Inc allocates a significant portion of its funds towards programs, with a program expense ratio of 70.65%. This indicates that a substantial majority of their expenditures are directed towards fulfilling their mission. The charity shows no material diversion of assets, which further underscores their diligent financial management, though some may note the absence of additional metrics beyond the accountability score.
This AI summary has been generated from information found on Charity Navigator.
Is Nazareth Villages Inc legitimate?
Nazareth Villages Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nazareth Villages 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: $379,968
For more financial information, click here
What is the mission statement of Nazareth Villages Inc?
Nazareth Villages Inc's mission is centered around providing safe and affordable living spaces for low and middle-income senior citizens and individuals with disabilities. This is accomplished in a peaceful environment, upholding Christian values and the mission of the Sisters of Charity of Nazareth. The organization's work extends beyond housing, offering support services in a compassionate manner, promoting both independence and a sense of community among its residents. The mission is carried out with a Christ-like spirit, aiming to create a comfortable and nurturing environment for its residents.
Who is the CEO of Nazareth Villages Inc?
Vicki Ward is the Board Member of Nazareth Villages Inc. The CEO's salary of Nazareth Villages Inc is $102,892 and their total compensation is $129,090.
What is the revenue of Nazareth Villages Inc?
Nazareth Villages Inc's revenue in 2023 was $1,425,599.
Who are the executives of Nazareth Villages Inc and what are their salaries?
The average compensation at Nazareth Villages Inc during 2023 was $42,219. There are 9 employees at Nazareth Villages Inc.
Here are 13 key members and their salaries (Nazareth Villages Inc's CEO's salary is $102,892 and their total compensation is $129,090):
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- Compensation: $102,892
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- Other: $26,198
Where can I find the form 990 for Nazareth Villages Inc?
Nazareth Villages Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nazareth Villages Inc
Nazareth Villages Inc, guided by Christian Gospel values and the mission of the Sisters of Charity of Nazareth, is committed to providing a safe, comfortable, and affordable living environment for low and middle-income senior citizens and individuals with disabilities. The organization carries out its work by operating a 101-unit apartment complex, offering a peaceful setting where residents can enjoy their independence while fostering a sense of community. The mission of Nazareth Villages Inc extends beyond just providing housing; it also involves offering support services in a compassionate manner, ensuring that the residents can lead fulfilling lives. The organization's operations are underpinned by a Christ-like spirit, aiming to create a harmonious balance between independence and community among its residents.
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Impact
July, 2024
Nazareth Villages Inc's impact lies in providing safe, comfortable, and affordable apartments in a peaceful setting for low and middle-income senior citizens and persons with disabilities. Embracing Christian Gospel values and the mission of the Sisters of Charity of Nazareth, the organization owns and operates a 101-unit apartment complex for elderly and handicapped individuals in Nazareth, Kentucky. By offering support services in a Christ-like spirit of compassion, Nazareth Villages Inc facilitates independence and community among its residents, embodying its mission to create a nurturing Christian community for those in need.
This information is meant to be a general summary of Nazareth Villages 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 2023.
- Investment Income: $61,793
- Program Service Revenue: $850,313
- Gross Receipts: $1,425,599
Assets and Liabilities:
- Total Assets: $3,580,709
- Total Liabilities: $66,876
- Net Assets: $3,513,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTAL SERVICE
Revenue
$430,410
RENT SUPPLEMENT (HUD)
Revenue
$419,903
Organization Details
Founding Year
1978
Phone
(502) 348-4911Principal Officer
Vicki Ward
Main Address
PO BOX 15, NAZARETH, KY, 40048
NTEE Category
Code: Z99Z - Unknown
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