Overview
What is Villa Caridad?
Villa Caridad is a nonprofit organization situated in Santa Barbara, California, with a specific mission to cater to the needs of low-income senior citizens. Established as a public benefit corporation, Villa Caridad is subject to oversight by the US Department of Housing and Urban Development (HUD). The organization operates a senior housing apartment building, housing 95 units, which provides an affordable living arrangement for its residents. Additionally, the building offers various recreational opportunities and fosters a shared community, creating a welcoming environment for its senior citizens. Villa Caridad's mission is to develop, construct, and operate this affordable housing project for low-income seniors under Section 202 of the Housing Act of 1959, ensuring that these individuals have a secure and supportive living space.
Official website here: www.stvincents-sb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Villa Caridad has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The charity's overall score is derived entirely from its performance in the Accountability & Finance beacon, highlighting its commitment to transparency and responsible governance. Their most recent fiscal year data from FY2022 shows that Villa Caridad excels in having a fully independent board and comprehensive oversight mechanisms.
Strengths noted in the evaluation include complete independence among board members, robust financial statements, and the implementation of key policies such as conflict of interest and whistleblower protections. The organization has also demonstrated exemplary financial health, with a program expense ratio of 100%, indicating that all funds are dedicated to its mission-driven activities.
While the data reflects positively on Villa Caridad’s operational integrity, the summary does not indicate specific areas for improvement. Overall, the charity's high rating signals a well-managed organization that effectively utilizes its resources for the benefit of its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Caridad legitimate?
Villa Caridad is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Caridad 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: $123,434
For more financial information, click here
Official website here: www.stvincents-sb.org
What is the mission statement of Villa Caridad?
Villa Caridad, being a nonprofit public benefit corporation, is established with the purpose of developing, constructing, and operating an affordable housing project for low-income seniors under Section 202 of the Housing Act of 1959. This project is overseen by the US Department of Housing and Urban Development (HUD). Villa Caridad leases and operates a senior housing apartment building, providing low-income housing, recreational opportunities, and a shared community for qualifying senior citizens. In essence, Villa Caridad is dedicated to addressing the housing needs of low-income seniors, offering them a safe and supportive living environment.
Official website here: www.stvincents-sb.org
Who is the CEO of Villa Caridad?
Rosa Paredes is the President of Villa Caridad.
Official website here: www.stvincents-sb.org
What is the revenue of Villa Caridad?
Villa Caridad's revenue in 2023 was $480,650.
Official website here: www.stvincents-sb.org
Who are the executives of Villa Caridad and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $120,460
- Other: $14,287
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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
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.stvincents-sb.org
Where can I find the form 990 for Villa Caridad?
Villa Caridad's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stvincents-sb.org
Learn more at the official website: www.stvincents-sb.org
Mission Statement of Villa Caridad
Villa Caridad, established as a nonprofit public benefit corporation, is dedicated to addressing the housing needs of low-income seniors. In line with Section 202 of the Housing Act of 1959, the organization's mission involves developing, constructing, and operating a 95-unit affordable housing project. This project serves as a sanctuary for senior citizens who fall under the category of low-income earners. The operation of this senior housing apartment building is subject to oversight by the United States Department of Housing and Urban Development (HUD). Villa Caridad goes beyond providing shelter, offering recreational opportunities and fostering a shared community, thereby enriching the lives of its senior residents.
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Impact
July, 2024
Villa Caridad's impact lies in providing a crucial service to low-income seniors in Santa Barbara, CA. By offering affordable housing in a supportive community setting, Villa Caridad helps seniors maintain their independence and quality of life. Through its 95 unit senior housing apartment building, Villa Caridad not only addresses the pressing issue of affordable housing but also provides recreational opportunities and a sense of community for those in need. This organization plays a significant role in meeting the housing needs of low-income seniors and promoting their well-being.
This information is meant to be a general summary of Villa Caridad. 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: $105
- Program Service Revenue: $219,564
- Gross Receipts: $480,650
Assets and Liabilities:
- Total Assets: $9,181,123
- Total Liabilities: $3,303,163
- Net Assets: $5,877,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$217,262
LAUNDRY AND VENDING
Revenue
$2,295
MISCELLANEOUS
Revenue
$7
Organization Details
Founding Year
1996
Phone
(805) 683-6388Principal Officer
Rosa Paredes
Main Address
4202 CALLE REAL, SANTA BARBARA, CA, 93110
Website
www.stvincents-sb.orgNTEE Category
Code: L22 - Housing
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