Overview
What is Villa Franciscan Inc?
Villa Franciscan Inc is a nonprofit organization located in Palm Beach Gardens, Florida. Their primary focus is on providing housing for elderly individuals and families with very low income, as part of a project funded by the U.S. Department of Housing and Urban Development (HUD). With a small team of four employees, Villa Franciscan Inc is dedicated to this mission, aiming to make housing accessible for this specific demographic. The organization does not disclose any additional details about its activities, resources, or outreach beyond its housing initiative.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Villa Franciscan Inc has achieved a commendable score of 94%, reflecting strong accountability and financial health. This rating indicates that the organization effectively manages its resources and maintains transparency with its stakeholders. The score is calculated solely based on the Accountability & Finance beacon, emphasizing the nonprofit's commitment to sound financial practices.
The organization demonstrates excellent governance with 100% of its board members being independent, showcasing a robust structure that minimizes conflicts of interest. Additionally, the charity has received full marks for its audit and oversight practices, indicating a strong commitment to oversight and financial integrity. The low liabilities to assets ratio of 4.09% further highlights its solid financial footing.
While Villa Franciscan Inc shows impressive financial management, it is essential for potential donors and stakeholders to consider the overall impact of its programs. The program expense ratio is high at 73.78%, suggesting a focus on direct services, although further information on program effectiveness would provide a more comprehensive view of its impact. Overall, the organization presents itself as a reliable option for those looking to support a nonprofit with strong financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Franciscan Inc legitimate?
Villa Franciscan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Franciscan 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: $264,013
For more financial information, click here
What is the mission statement of Villa Franciscan Inc?
Villa Franciscan Inc's mission is centered around providing housing for elderly families and individuals with very low income. This organization strives to make a significant impact in this area, as outlined in its mission statement. The U.S. Department of Housing and Urban Development (HUD) supports this mission through a project that offers rental units specifically for the elderly with low income. Villa Franciscan Inc's primary goal is to ensure that this vulnerable group has access to adequate housing, thereby improving their quality of life. The organization's activities are focused on meeting the unique housing needs of elderly individuals with limited financial resources.
Who is the CEO of Villa Franciscan Inc?
Vito Gendusa is the President of Villa Franciscan Inc.
What is the revenue of Villa Franciscan Inc?
Villa Franciscan Inc's revenue in 2023 was $987,004.
Who are the executives of Villa Franciscan Inc and what are their salaries?
The average compensation at Villa Franciscan Inc during 2023 was $66,003. There are 4 employees at Villa Franciscan Inc.
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Where can I find the form 990 for Villa Franciscan Inc?
Villa Franciscan Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Villa Franciscan Inc
Villa Franciscan Inc, as a nonprofit organization, is dedicated to providing housing solutions for elderly families and individuals who fall under the category of having very low income. Their mission is crystal clear: to ensure that the elderly have a safe and affordable living space. This mission is achieved through their involvement in a project funded by the U.S. Department of Housing and Urban Development (HUD), which involves the provision of rental units specifically designed for elderly individuals with low income. By offering such housing, Villa Franciscan Inc plays a significant role in enhancing the quality of life for this vulnerable population, providing them with a secure and comfortable environment as they navigate the later stages of their lives.
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Impact
July, 2024
Villa Franciscan Inc's impact can be seen through its provision of housing for elderly individuals and families with very low income in Palm Beach Gardens, FL. By offering rental units specifically for this demographic, the organization addresses a critical need in the community and contributes to the overall well-being and stability of elderly individuals facing financial challenges. Through its mission to provide housing for those in need, Villa Franciscan Inc plays a vital role in supporting vulnerable elderly individuals and families in accessing safe and affordable housing options.
This information is meant to be a general summary of Villa Franciscan 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: $1,617
- Program Service Revenue: $244,409
- Gross Receipts: $987,004
Assets and Liabilities:
- Total Assets: $2,496,904
- Total Liabilities: $102,251
- Net Assets: $2,394,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$244,409
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: L99Z - Housing
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