Overview
What is Sugarloaf Village Inc?
Sugarloaf Village Inc is a nonprofit organization situated in Diamond City, Arkansas. Their primary mission is to provide affordable housing for the elderly and handicapped individuals within the area. Specifically, they construct and maintain a low-income apartment complex to cater to this specific demographic, ensuring they have a suitable living environment. The organization's commitment to this cause is evident in their ongoing efforts to construct and maintain this complex, ensuring it remains a valuable resource for the community's elderly and handicapped residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Sugarloaf Village Inc has achieved a Three-Star rating from Charity Navigator, reflecting its solid performance in the area of Accountability & Finance. The overall score emphasizes the charity's strong governance practices, with a perfect score for having a fully independent board and no material diversion of assets. Its fiscal management is commendable, evidenced by a low liabilities to assets ratio of 2.09%, which indicates sound financial health.
The organization showcases a strong commitment to transparency and accountability, maintaining a conflict of interest policy and documenting board meeting minutes effectively. Additionally, it allocates a significant portion of its budget to program expenses, with a program expense ratio of 85.36%, suggesting that the majority of funds are directed towards fulfilling its mission rather than administrative costs.
While the charity demonstrates several strengths in governance and financial management, the rating does not highlight any specific areas of concern. Overall, Sugarloaf Village Inc appears to be a reliable nonprofit with a focus on maintaining integrity and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Sugarloaf Village Inc legitimate?
Sugarloaf Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sugarloaf Village 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: $14,618
For more financial information, click here
What is the mission statement of Sugarloaf Village Inc?
Sugarloaf Village Inc's mission is centered around constructing and maintaining a low-income apartment complex, specifically catering to the elderly and handicapped individuals. This organization is dedicated to providing a suitable living environment for these vulnerable groups, ensuring they have access to decent housing. By doing so, Sugarloaf Village Inc aims to contribute positively to their well-being and quality of life. The organization's activities primarily focus on the construction and maintenance of this complex, providing essential housing solutions for those in need.
Who is the CEO of Sugarloaf Village Inc?
Troy Burleson is the President of Sugarloaf Village Inc.
What is the revenue of Sugarloaf Village Inc?
Sugarloaf Village Inc's revenue in 2022 was $88,790.
Who are the executives of Sugarloaf Village Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sugarloaf Village Inc?
Sugarloaf Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sugarloaf Village Inc
Sugarloaf Village Inc, a nonprofit organization, is dedicated to constructing and maintaining a low-income apartment complex catering specifically to elderly and handicapped individuals. Their mission is to provide a secure and accessible living environment for these vulnerable groups, ensuring they have housing options that cater to their unique needs. By constructing and maintaining this complex, Sugarloaf Village Inc strives to contribute positively to the community, ensuring that elderly and handicapped individuals have access to comfortable and affordable housing.
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Impact
October, 2024
Sugarloaf Village Inc significantly impacts the Diamond City, Arkansas area by providing essential low-income housing for elderly and handicapped individuals. By constructing and maintaining an apartment complex tailored to these populations, it addresses the critical need for accessible and affordable living options. This initiative not only enhances the quality of life for residents but also fosters a sense of community among those who may otherwise face isolation or financial strain. The organization plays a vital role in ensuring that vulnerable members of society have a safe and supportive environment to call home, thereby improving their overall well-being and stability.
This information is meant to be a general summary of Sugarloaf Village 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: $42
- Program Service Revenue: $39,210
- Gross Receipts: $88,790
Assets and Liabilities:
- Total Assets: $424,755
- Total Liabilities: $6,999
- Net Assets: $417,756
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$39,210
Organization Details
Founding Year
1997
Phone
(870) 741-5522Principal Officer
Troy Burleson
Main Address
PO BOX 1195, DIAMOND CITY, AR, 72630
NTEE Category
Code: L22 - Housing
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