Overview
What is Villa South (Iii)?
Villa South (III) is a nonprofit housing facility located in Mayfield, Kentucky, primarily catering to the elderly population. Adhering to regulations set by the U.S. Department of Housing and Urban Development, Villa South (III) provides affordable lodging that prioritizes the elderly's needs. The facility's operations and maintenance expenses are directly managed, ensuring a consistent and well-maintained living environment for its residents. Villa South (III) serves as a vital resource for elderly individuals in the community, offering a secure and suitable living space within its limits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 61% overall score)
Villa South (Iii) has received a Two-Star rating from Charity Navigator, indicating that it has significant areas needing improvement. The organization does well in maintaining an independent board, with full points awarded for both majority independent board members and board size. Additionally, there are no reported material diversions of assets, which reflects a strong commitment to financial integrity.
However, there are notable weaknesses in the organization's governance policies. Villa South is missing critical documents such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which collectively earned zero points in their respective categories. Furthermore, the organization's high liabilities to assets ratio of 199.95% raises concerns about financial stability, despite a strong program expense ratio of 85.48%, indicating that the majority of expenses go directly to programs.
To enhance its standing and effectiveness, Villa South should focus on addressing the identified governance gaps and improving its financial health. Transparency in operations and adherence to best practices in governance could significantly impact its rating positively in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Villa South (Iii) legitimate?
Villa South (Iii) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa South (Iii) 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: $0
For more financial information, click here
What is the mission statement of Villa South (Iii)?
Villa South (III) is dedicated to providing low-income housing for the elderly, adhering to regulations set by the U.S. Department of Housing and Urban Development. Its primary objective is to offer suitable living accommodations within its means, focusing on maintenance and operational expenses. The organization ensures compliance with these guidelines, ensuring that its services cater specifically to the elderly population.
Who is the CEO of Villa South (Iii)?
Joyce Toon is the Director of Villa South (Iii).
What is the revenue of Villa South (Iii)?
Villa South (Iii)'s revenue in 2022 was $77,578.
Who are the executives of Villa South (Iii) and what are their salaries?
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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Where can I find the form 990 for Villa South (Iii)?
Villa South (Iii)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Villa South (Iii)
Villa South (III) is committed to providing affordable housing for the elderly, adhering to regulations set by the U.S. Department of Housing and Urban Development. This nonprofit organization's primary mission is to offer a living space for elderly individuals with limited income, ensuring their needs are met through continuous maintenance and operational expenses. Villa South (III) is dedicated to offering a comfortable and secure living environment for its elderly residents.
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Impact
August, 2024
Villa South (Iii) provides essential low-income housing for the elderly in Mayfield, KY. By offering affordable housing options that adhere to the guidelines set by the U.S. Department of Housing and Urban Development, Villa South (Iii) directly impacts the lives of elderly individuals who may struggle to find suitable accommodation elsewhere. This organization plays a vital role in helping elderly residents maintain a decent standard of living and access necessary housing support services. By addressing the housing needs of this vulnerable population, Villa South (Iii) contributes to enhancing the overall quality of life for elderly individuals in the community.
This information is meant to be a general summary of Villa South (Iii). 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: $210
- Program Service Revenue: $45,506
- Gross Receipts: $77,578
Assets and Liabilities:
- Total Assets: $410,809
- Total Liabilities: $785,423
- Net Assets: -$374,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$45,506
Organization Details
Founding Year
2000
Phone
(812) 876-5478Principal Officer
Joyce Toon
Main Address
PO BOX 588, MAYFIELD, KY, 42066
NTEE Category
Code: L22 - Housing
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