Overview
What is Ryder Village Ii Inc?
Ryder Village II Inc is a nonprofit organization situated in Humacao, Puerto Rico. Their primary mission involves providing affordable housing for the elderly, operating under Section 811 of the National Housing Act of 1990. Regulated by the U.S. Department of Housing and Urban Development (HUD), they manage a 41-unit apartment facility, ensuring that rental charges and operating methods adhere to HUD guidelines. The organization housed an average of 84.48% of its units throughout the year, indicating a moderate to high occupancy rate. With a workforce of just four individuals, Ryder Village II Inc serves the elderly community of Humacao by offering them a suitable living space.
Is Ryder Village Ii Inc legitimate?
Ryder Village Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ryder Village Ii 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: $93,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ryder Village Ii Inc?
Ryder Village II Inc's primary mission is to offer rental housing facilities for elderly individuals. This mission is fulfilled through the operation of a 41-unit apartment complex, specifically designed for senior citizens. The project adheres to Section 811 of the National Housing Act of 1990 and is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental pricing and operational methods. Throughout the year, the project maintained an average occupancy rate of 84.48%.
Who is the CEO of Ryder Village Ii Inc?
Jose Feliciano is the Director of Ryder Village Ii Inc.
What is the revenue of Ryder Village Ii Inc?
Ryder Village Ii Inc's revenue in 2022 was $319,540.
Who are the executives of Ryder Village Ii Inc and what are their salaries?
The average compensation at Ryder Village Ii Inc during 2022 was $23,446. There are 4 employees at Ryder Village Ii Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Ryder Village Ii Inc?
Ryder Village Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ryder Village Ii Inc
Ryder Village II Inc, as a nonprofit organization, is dedicated to providing rental housing for elderly individuals. With a mission to cater to the housing needs of the elderly, Ryder Village II Inc operates a 41-unit apartment facility. This project, regulated by the US Department of Housing and Urban Development (HUD) under Section 811 of the National Housing Act of 1990, ensures that the rental charges and operating methods adhere to the regulations set by the HUD. The project, on average, maintains an occupancy rate of 84.48%, indicating a high demand for its services and the organization's success in meeting the housing needs of its target population.
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Impact
October, 2024
Ryder Village II Inc significantly impacts the community by providing affordable rental housing for elderly individuals in Humacao, Puerto Rico. With 41 dedicated apartment units, the facility fosters a supportive living environment that addresses the specific needs of seniors. Operating under the regulatory framework of Section 811 of the National Housing Act of 1990 and overseen by the U.S. Department of Housing and Urban Development (HUD), Ryder Village II ensures that rental charges are reasonable and that operating methods prioritize the well-being of its residents.
With an average occupancy rate of 84.48%, the facility plays a vital role in enhancing the quality of life for elderly residents, offering them safety, stability, and a sense of community. By focusing on this demographic, Ryder Village II Inc not only provides housing but also helps combat isolation and promotes social engagement among seniors, making a lasting positive impact on their lives and the overall community.
This information is meant to be a general summary of Ryder Village Ii 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: $356
- Program Service Revenue: $67,533
- Gross Receipts: $319,540
Assets and Liabilities:
- Total Assets: $2,077,782
- Total Liabilities: $80,726
- Net Assets: $1,997,056
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE - RENT
Revenue
$67,533
Organization Details
Founding Year
1997
Phone
(787) 852-0768Principal Officer
Jose Feliciano
Main Address
PO BOX 859, HUMACAO, PR, 009720859
NTEE Category
Code: L22 - Housing
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