Overview
What is Visionary Home Builders Of California Inc?
Visionary Home Builders of California Inc is a nonprofit organization dedicated to addressing housing needs in low-income communities. Their primary mission involves developing and managing various housing projects and programs, focusing on providing affordable living solutions. By constructing and managing these projects, they aim to make housing more accessible to individuals and families who may not otherwise be able to afford it. The organization's activities encompass the development and rental of affordable housing units, contributing to the betterment of socioeconomically disadvantaged communities.
Official website here: www.visionaryhomebuilders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Visionary Home Builders of California Inc holds a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity has achieved a high Accountability & Finance Score of 88%, which reflects its commitment to transparent financial practices, including independent board member governance and sound financial oversight.
The organization is noted for its robust governance structure, with 100% independent board members and a comprehensive financial oversight committee. The absence of any material diversion of assets further highlights its fiscal responsibility. Additionally, the program expense ratio is commendable at 85.48%, indicating that a significant portion of its expenditures is directed towards its programs.
However, one limitation is the absence of a whistleblower policy and document retention and destruction policy, which could impact the overall governance framework. Despite these minor shortcomings, the charity's financial integrity and commitment to accountability are evident, making it a reputable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Visionary Home Builders Of California Inc legitimate?
Visionary Home Builders Of California Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visionary Home Builders Of California 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: $233,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,145,990
For more financial information, click here
Official website here: www.visionaryhomebuilders.org
What is the mission statement of Visionary Home Builders Of California Inc?
Visionary Home Builders of California Inc. is dedicated to the development and management of low-income housing projects and programs. Their mission encompasses the creation and rental of affordable housing, aiming to contribute to the housing needs of individuals with limited financial resources. By managing these projects, they aim to provide affordable living solutions, contributing to a more inclusive and equitable housing market.
Official website here: www.visionaryhomebuilders.org
Who is the CEO of Visionary Home Builders Of California Inc?
Carol Ornelas is the Ceo of Visionary Home Builders Of California Inc. The CEO's salary of Visionary Home Builders Of California Inc is $233,413 and their total compensation is $233,413.
Official website here: www.visionaryhomebuilders.org
What is the revenue of Visionary Home Builders Of California Inc?
Visionary Home Builders Of California Inc's revenue in 2022 was $5,996,081.
Official website here: www.visionaryhomebuilders.org
Who are the executives of Visionary Home Builders Of California Inc and what are their salaries?
The average compensation at Visionary Home Builders Of California Inc during 2022 was $25,588. There are 93 employees at Visionary Home Builders Of California Inc.
Here are 9 key members and their salaries (Visionary Home Builders Of California Inc's CEO's salary is $233,413 and their total compensation is $233,413):
- Compensation: $233,413
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.visionaryhomebuilders.org
Where can I find the form 990 for Visionary Home Builders Of California Inc?
Visionary Home Builders Of California Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.visionaryhomebuilders.org
Learn more at the official website: www.visionaryhomebuilders.org
Mission Statement of Visionary Home Builders Of California Inc
Visionary Home Builders of California Inc, as its mission statement suggests, is dedicated to the development and management of low-income housing projects and programs. This nonprofit organization takes an active role in addressing the housing needs of individuals and families with limited resources by overseeing the creation and rental of affordable living spaces. By doing so, Visionary Home Builders of California Inc contributes to the betterment of communities, ensuring that a diverse range of people have access to decent and affordable housing options.
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Impact
July, 2024
Visionary Home Builders of California Inc has a significant impact on the community by developing and managing low-income housing projects and programs in Stockton, California. Through their efforts, they provide affordable housing options for individuals and families in need, helping to address the ongoing issue of housing affordability and homelessness in the region. Their mission to develop and manage low-income housing projects plays a crucial role in improving the quality of life for vulnerable populations and contributes to building a more inclusive and equitable society.
This information is meant to be a general summary of Visionary Home Builders Of California 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.
- Program Service Revenue: $4,567,624
- Gross Receipts: $6,488,865
Assets and Liabilities:
- Total Assets: $23,336,648
- Total Liabilities: $11,037,436
- Net Assets: $12,299,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Delta Plaza K1
DEVELOPER FEES
Revenue
$3,223,511
GRANT VILLAGE K1
MANAGEMENT FEES
Revenue
$1,287,280
OTHER INCOME
Revenue
$56,833
Organization Details
Founding Year
1983
Phone
(209) 466-6811Principal Officer
Carol Ornelas
Main Address
315 N SAN JOAQUIN STREET, STOCKTON, CA, 95202
NTEE Category
Code: L20 - Housing
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