Overview
What is Valley Garden Foundation Inc Section Ii?
Valley Garden Foundation Inc Section II is a nonprofit organization situated in Huntsville, Alabama. Their primary mission is to provide affordable housing, specifically 144 residential units, for low- and moderate-income families. This housing development and operation undertaking form the core of their activities, aimed at supporting members of the community who might otherwise struggle to secure suitable living accommodations. The foundation's work contributes positively to the local community by providing a vital housing solution for those in need.
Is Valley Garden Foundation Inc Section Ii legitimate?
Valley Garden Foundation Inc Section Ii is a legitimate nonprofit organization registered as a 501(c)(4) entity. Valley Garden Foundation Inc Section Ii 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: $325,385
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What is the mission statement of Valley Garden Foundation Inc Section Ii?
The Valley Garden Foundation Inc Section II is dedicated to developing and operating housing for families with low and moderate income levels. Their primary mission is to provide residential rental properties, specifically offering 144 units in a given location. This initiative aims to make housing more accessible for families who may struggle financially, thus contributing to a more equitable living situation for these families.
Who is the CEO of Valley Garden Foundation Inc Section Ii?
Barbara Kennedy is the President of Valley Garden Foundation Inc Section Ii.
What is the revenue of Valley Garden Foundation Inc Section Ii?
Valley Garden Foundation Inc Section Ii's revenue in 2023 was $1,222,348.
Who are the executives of Valley Garden Foundation Inc Section Ii and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $12,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Valley Garden Foundation Inc Section Ii?
Valley Garden Foundation Inc Section Ii's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Valley Garden Foundation Inc Section Ii
Valley Garden Foundation Inc Section II is committed to a mission that involves the development and operation of housing for families with low and moderate incomes. This nonprofit organization strives to provide a solution to the housing needs of these families, ensuring they have access to suitable living spaces. To accomplish this, Valley Garden Foundation Inc Section II has developed and operates 144 units of residential rental real estate, making it possible for a substantial number of families to secure affordable housing. By undertaking this mission, the nonprofit contributes to the overall well-being of its community, providing stable living environments for families that may otherwise struggle with housing insecurity.
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Impact
October, 2024
Valley Garden Foundation Inc Section II plays a crucial role in addressing housing needs for low and moderate-income families in Huntsville, Alabama. By developing and operating 144 units of residential rental real estate, it provides vital access to affordable housing, enabling families to secure stable living conditions. This initiative contributes significantly to the community by promoting a diverse and inclusive neighborhood, improving residents' quality of life, and fostering economic stability. With a focus on creating accessible housing solutions, the foundation directly impacts the lives of many, enhancing social well-being and supporting families in their pursuit of better opportunities.
This information is meant to be a general summary of Valley Garden Foundation Inc Section Ii. 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.
- Program Service Revenue: $1,222,348
- Gross Receipts: $1,222,348
Assets and Liabilities:
- Total Assets: $640,290
- Total Liabilities: $199,664
- Net Assets: $440,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$1,222,348
Organization Details
Founding Year
1969
Phone
(256) 533-3420Principal Officer
Barbara Kennedy
Main Address
PO BOX 7247, HUNTSVILLE, AL, 35807
NTEE Category
Code: L20 - Housing
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