Overview
What is Villa Madonna Inc?
Villa Madonna Inc is a nonprofit organization situated in Palm Beach Gardens, Florida. Its primary mission is to provide housing opportunities for elderly individuals and families who have low income, as outlined by the U.S. Department of Housing and Urban Development (HUD). The organization's project contains rental units designed specifically for this demographic, aiming to ensure a comfortable living environment for its residents. With a small staff of four, Villa Madonna Inc is dedicated to this mission and works to provide housing solutions for vulnerable elderly communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Villa Madonna Inc has received a commendable Four-Star rating from Charity Navigator, signifying a strong performance in accountability and finance, with a score of 94%. This high rating reflects the charity's commitment to transparency and effective financial management, which is crucial for donor trust and engagement.
The organization boasts an entirely independent board of directors, which enhances its governance structure. With a robust audit and oversight committee, Villa Madonna demonstrates effective oversight of its financials. Additionally, the charity has strong policies in place for conflict of interest and whistleblower protections, ensuring ethical operations within its framework.
While the charity shows impressive financial ratios with a low liabilities to assets ratio and a high program expense ratio of 73.83%, these metrics indicate a focus on utilizing funds effectively for its programs rather than administrative costs. Overall, Villa Madonna Inc appears to be a responsible and trustworthy organization, though potential donors may wish to consider its specific programs and impact when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Madonna Inc legitimate?
Villa Madonna Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Madonna 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: $253,049
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What is the mission statement of Villa Madonna Inc?
Villa Madonna Inc's mission is centered around providing housing for elderly families and individuals who fall under the category of very low income. This mission is carried out through a project backed by the U.S. Department of Housing and Urban Development (HUD), which includes rental units specifically designed for the elderly with low income. The organization's primary goal is to ensure that these elderly individuals have access to suitable housing, thereby enhancing their quality of life.
Who is the CEO of Villa Madonna Inc?
Vito Gendusa is the President of Villa Madonna Inc.
What is the revenue of Villa Madonna Inc?
Villa Madonna Inc's revenue in 2023 was $1,061,624.
Who are the executives of Villa Madonna Inc and what are their salaries?
The average compensation at Villa Madonna Inc during 2023 was $63,262. There are 4 employees at Villa Madonna Inc.
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Where can I find the form 990 for Villa Madonna Inc?
Villa Madonna Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Villa Madonna Inc
Villa Madonna Inc, a nonprofit organization, is committed to providing housing solutions for elderly families and individuals with very low income. Their mission is to alleviate the housing challenges faced by this demographic, offering a safe and comfortable living environment. The organization achieves this through a U.S. Department of Housing and Urban Development (HUD) project, which includes rental units specifically designed for the elderly with low income. Villa Madonna Inc's efforts aim to contribute positively to the well-being of the elderly population, providing them with a secure and supportive housing environment.
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Impact
July, 2024
Villa Madonna Inc's impact is evident in the provision of affordable housing for elderly individuals and families with very low incomes in Palm Beach Gardens, Florida. Through their U.S. Department of Housing and Urban Development (HUD) project, they offer rental units specifically tailored to meet the needs of this vulnerable population. By addressing the critical issue of housing affordability for the elderly, Villa Madonna Inc contributes to enhancing the quality of life and ensuring the well-being of these individuals in the community.
This information is meant to be a general summary of Villa Madonna 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: $2,204
- Program Service Revenue: $257,056
- Gross Receipts: $1,061,624
Assets and Liabilities:
- Total Assets: $3,402,669
- Total Liabilities: $48,313
- Net Assets: $3,354,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$257,056
Organization Details
Founding Year
1996
Phone
(561) 775-9516Principal Officer
Vito Gendusa
Main Address
PO BOX 109650, PALM BEACH GARDENS, FL, 33410
NTEE Category
Code: L22 - Housing
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