Overview
What is Park Village Apartments Inc?
Park Village Apartments Inc is a nonprofit organization situated in Stockton, California, dedicated to addressing the housing needs of low-income families. Their primary mission is to provide affordable rental housing for 208 families within the city, ensuring that the rent remains manageable. To achieve this goal, they have developed programs specifically tailored to meet this need, thereby contributing positively to the local community.
What are the reviews and ratings of this charity?
94% rating from Charity Navigator, earning a Four-Star out of Four Star rating reflects Park Village Apartments Inc's strong commitment to accountability and finance. This high score indicates effective management of resources and transparency in operations, crucial factors for donor confidence.
The organization excels in various areas, including having a fully independent board and a comprehensive financial audit, which shows strong governance practices. It also has robust policies in place, such as a whistleblower policy and a conflict of interest policy, contributing to high operational integrity. With a program expense ratio of 94.47%, the majority of funds are directed toward its mission rather than administrative costs.
There are no significant limitations or concerns mentioned in the available data, which further underscores the organization's stability and reliability in managing its financial resources. Overall, Park Village Apartments Inc presents as a trustworthy organization dedicated to its mission, with solid operational practices in place.
This AI summary has been generated from information found on Charity Navigator.
Is Park Village Apartments Inc legitimate?
Park Village Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Village Apartments 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: $0
For more financial information, click here
What is the mission statement of Park Village Apartments Inc?
Park Village Apartments Inc is committed to providing affordable housing for low-income families. To achieve this mission, the organization offers housing programs, ensuring that rent remains affordable for 208 families residing in Stockton, California. Park Village Apartments' mission is not just about providing housing; it's about making a significant impact on the lives of its residents, providing them with a stable and affordable living environment.
Who is the CEO of Park Village Apartments Inc?
Sovanna Koeurt is the President of Park Village Apartments Inc.
What is the revenue of Park Village Apartments Inc?
Park Village Apartments Inc's revenue in 2022 was $2,722,484.
Who are the executives of Park Village Apartments Inc and what are their salaries?
There 3 volunteers at Park Village Apartments Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Park Village Apartments Inc?
Park Village Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Village Apartments Inc
Park Village Apartments Inc, as a nonprofit organization, is committed to providing affordable housing solutions. Their mission is to make a significant impact by offering programs that cater to the needs of 208 low-income families in Stockton, California. Park Village Apartments Inc achieves this by providing low-cost rental housing, ensuring that the rent remains affordable for its residents. The organization's mission is not just about providing a place to live, but also about ensuring that these families have access to affordable housing, thereby contributing to their overall well-being and stability.
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Impact
July, 2024
Park Village Apartments Inc's impact lies in providing affordable housing for 208 low-income families in Stockton, CA. By offering programs designed to keep rent affordable, Park Village Apartments plays a crucial role in ensuring that these families have a stable and secure place to live. This not only addresses the immediate need for housing but also contributes to the overall well-being and quality of life for those in the community who are most vulnerable.
This information is meant to be a general summary of Park Village Apartments 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: $1,835
- Program Service Revenue: $2,720,649
- Gross Receipts: $2,722,484
Assets and Liabilities:
- Total Assets: $11,221,150
- Total Liabilities: $924,937
- Net Assets: $10,296,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment Rent
Revenue
$478,589
Laundry Revenue
Revenue
$14,181
Miscellaneous Tenant Fees
Revenue
$2,582
Other Revenue
Revenue
$4,160
Tenant Assistance
Revenue
$2,221,137
Organization Details
Founding Year
1992
Phone
(209) 948-9120Principal Officer
Sovanna Koeurt
Main Address
3830 North Alvarado A, Stockton, CA, 95204
NTEE Category
Code: L21 - Housing
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