Overview
What is Villa Assumpta Inc?
Villa Assumpta Inc is a nonprofit organization situated in Palm Beach Gardens, Florida. Their primary mission is to provide housing opportunities for elderly individuals and families with very low income, as supported by the U.S. Department of Housing and Urban Development (HUD). With a dedicated team of five employees, they operate a HUD project that offers rental units specifically designed for this demographic. The organization's work is centered around ensuring that the elderly have access to secure and affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Villa Assumpta Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 94%, the organization demonstrates effective governance and transparency, which are crucial for fostering donor trust and ensuring responsible stewardship of resources.
The organization boasts 100% independent board members, ensuring unbiased decision-making and strong oversight, which contributes to its high ratings in governance. Additionally, Villa Assumpta's financial practices are solid, with no material diversion of assets and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. The low liabilities to assets ratio highlights a stable financial position, while a program expense ratio of over 70% indicates that a significant portion of funds is directed towards its mission-related activities.
While the charity's ratings are impressive, it's important for potential donors to consider ongoing evaluations of program effectiveness and impact. Continuous monitoring of its financial practices and governance structures will further solidify Villa Assumpta's reputation as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Assumpta Inc legitimate?
Villa Assumpta Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Assumpta 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: $264,496
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What is the mission statement of Villa Assumpta Inc?
Villa Assumpta Inc's mission is focused on providing housing solutions for elderly individuals and families who fall under the category of having very low income. This non-profit organization strives to meet this objective through the operation of a housing project funded by the U.S. Department of Housing and Urban Development (HUD). The project features rental units specifically designed for the elderly with low income, ensuring they have a secure and suitable living space.
Who is the CEO of Villa Assumpta Inc?
Vito Gendusa is the President of Villa Assumpta Inc.
What is the revenue of Villa Assumpta Inc?
Villa Assumpta Inc's revenue in 2023 was $822,053.
Who are the executives of Villa Assumpta Inc and what are their salaries?
The average compensation at Villa Assumpta Inc during 2023 was $52,899. There are 5 employees at Villa Assumpta Inc.
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Where can I find the form 990 for Villa Assumpta Inc?
Villa Assumpta Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Villa Assumpta Inc
Villa Assumpta Inc, a nonprofit organization, is dedicated to providing housing solutions for elderly families and individuals with very low income. Their mission, in essence, is to alleviate the housing needs of this vulnerable population, ensuring they can live in a secure and comfortable environment. The organization operates under a U.S. Department of Housing and Urban Development (HUD) project, which provides rental units specifically designed for the elderly with low income. This commitment to housing security and comfort is a testament to Villa Assumpta Inc's dedication to improving the lives of the elderly, providing them with a sense of stability and independence.
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Impact
July, 2024
Villa Assumpta Inc's impact is significant in providing housing for elderly individuals and families with very low income. This nonprofit organization operates a HUD project in Palm Beach Gardens, FL, offering rental units specifically designed for the elderly in need of affordable housing. By fulfilling its mission to provide housing for this vulnerable demographic, Villa Assumpta Inc plays a vital role in ensuring that elderly individuals have a safe and secure place to call home. Their focus on addressing the housing needs of the elderly with low income contributes to the overall well-being and stability of this population, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Villa Assumpta 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: $2,296
- Program Service Revenue: $304,860
- Gross Receipts: $822,053
Assets and Liabilities:
- Total Assets: $2,170,453
- Total Liabilities: $155,475
- Net Assets: $2,014,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$304,860
Organization Details
Founding Year
1992
Phone
(561) 775-9516Principal Officer
Vito Gendusa
Main Address
9995 N MILITARY TRAIL, PALM BEACH GARDENS, FL, 33410
NTEE Category
Code: L22Z - Housing
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