Overview
What is New Vision Santa Rosa Foundation?
New Vision Santa Rosa Foundation is a nonprofit organization situated in Santa Rosa, California, with a primary mission to advance the educational, sociological, economic, and cultural interests of the city and its surrounding metropolitan area. To achieve this goal, the foundation collaborates with local groups and organizations that may lack the necessary infrastructure to carry out their own missions, as long as their objectives align with those of New Vision. In partnership with Housing Trust Silicon Valley, New Vision Santa Rosa Foundation manages the Sonoma County Housing Fund, which raises local funds and supports affordable housing projects in the area. This partnership facilitates the acquisition, rehabilitation, and funding of affordable housing projects through matching local funds and providing expert lending services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%
New Vision Santa Rosa Foundation has received a Three-Star out of Four Star rating from Charity Navigator, with a score of 87%. This rating reflects a strong performance in Accountability & Finance, which is the sole basis for their overall score. The organization has demonstrated transparency and effective management of its financial resources.
One of the key strengths of New Vision Santa Rosa Foundation is its fully independent board, consisting of four members, which contributes to high governance standards. Additionally, the charity has no reported material diversion of assets, and it adheres to best practices with a clear conflict of interest policy and a whistleblower policy in place. The organization also effectively documents board meeting minutes, further reinforcing its accountability.
While the Foundation has a commendable program expense ratio of 99.42%, indicating that the majority of its funds are directed toward its mission-related activities, potential donors may want to consider the overall impact and outcomes of its programs beyond financial metrics. Nonetheless, the organization's financial health and governance practices establish a solid foundation for trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Vision Santa Rosa Foundation legitimate?
New Vision Santa Rosa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Vision Santa Rosa Foundation 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: $0
For more financial information, click here
What is the mission statement of New Vision Santa Rosa Foundation?
The New Vision Santa Rosa Foundation's mission is centered around supporting local groups and organizations that may lack the necessary resources to execute their mission, as long as their objectives align with those of the foundation. The primary objective of the organization is to foster the educational, sociological, economic, and cultural growth of a specific city and its surrounding metropolitan area. In order to achieve this, the foundation has established a partnership with Housing Trust Silicon Valley, a leading non-profit lender. This partnership, known as the Sonoma County Housing Fund, aims to raise local funds and fund affordable housing projects in the area, providing loans for acquisition costs, pre-development work, rehabilitation, and bridge financing.
Who is the CEO of New Vision Santa Rosa Foundation?
Peter Rumble is the Past Srmc Board Chair of New Vision Santa Rosa Foundation. The CEO's salary of New Vision Santa Rosa Foundation is $0 and their total compensation is $251,423.
What is the revenue of New Vision Santa Rosa Foundation?
New Vision Santa Rosa Foundation's revenue in 2022 was $36,947.
Who are the executives of New Vision Santa Rosa Foundation and what are their salaries?
There 4 volunteers at New Vision Santa Rosa Foundation.
Here are 6 key members and their salaries (New Vision Santa Rosa Foundation's CEO's salary is $0 and their total compensation is $251,423):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $103,645
- Other: $10,088
- Compensation: $0
- Related: $218,033
- Other: $33,390
Where can I find the form 990 for New Vision Santa Rosa Foundation?
New Vision Santa Rosa Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Vision Santa Rosa Foundation
The New Vision Santa Rosa Foundation's mission is centered around advancing the educational, sociological, economic, and cultural interests of its surrounding metropolitan area. This nonprofit organization seeks to achieve this goal by providing support and essential infrastructure to local groups and organizations that may not be able to execute their mission independently. The alignment of these groups' missions with that of the New Vision Foundation is a crucial criterion for this support. By fostering the success of these organizations, the foundation contributes to the overall betterment of its community.
In addition to its primary mission, the New Vision Santa Rosa Foundation has formed a strategic partnership with Housing Trust Silicon Valley, one of the nation's leading non-profit lenders. This partnership, known as the Sonoma County Housing Fund, aims to address the local affordable housing development needs. By leveraging its business relationships and knowledge of local opportunities, the Santa Rosa Metro Chamber, in partnership with the New Vision Foundation, creates a pool of local funds and a pipeline of projects. Through this agreement, Housing Trust Silicon Valley matches the local funds raised in the SCHF and provides all the necessary lending services and expertise to fund affordable housing projects, focusing on acquisition costs, pre-development work, rehabilitation, and bridge financing.
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Impact
August, 2024
New Vision Santa Rosa Foundation's impact can be seen through its work in providing support and infrastructure to local groups and organizations that might otherwise struggle to execute their missions. One of their major initiatives, the Sonoma County Housing Fund, is a formal partnership with Housing Trust Silicon Valley aimed at funding affordable housing projects in the Santa Rosa area. Through this partnership, local funds are matched by HTSV to provide loans for acquisition costs, pre-development work, rehabilitation, and bridge financing for affordable housing projects. This innovative approach not only addresses the critical need for housing in the region but also demonstrates New Vision Santa Rosa Foundation's commitment to advancing the educational, sociological, economic, and cultural interests of the City of Santa Rosa, California, and its surrounding metropolitan area.
This information is meant to be a general summary of New Vision Santa Rosa Foundation. 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: $23,387
- Gross Receipts: $36,947
Assets and Liabilities:
- Total Assets: $2,014,310
- Total Liabilities: $0
- Net Assets: $2,014,310
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Organization Details
Founding Year
1986
Phone
(707) 545-1414Principal Officer
Peter Rumble
Main Address
50 Old Courthouse Square 110, Santa Rosa, CA, 95404
NTEE Category
Code: G40 - Disease
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