Overview
What is Lake Charles Voa Living Center Inc Lake Villa Apartments?
Lake Charles Voa Living Center Inc, operating under the name Lake Villa Apartments, is a nonprofit organization situated in Alexandria, Virginia. Their primary mission is to provide housing for individuals with disabilities, in adherence to Section 811 of the National Housing Act. They have entered into an agreement with the Department of Housing and Urban Development (HUD) to fulfill this mission. The Lake Villa Apartments serve as a residential community that prioritizes the needs and accommodations of individuals with disabilities, offering them a secure and supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Lake Charles Voa Living Center Inc Lake Villa Apartments has achieved a solid Three-Star rating from Charity Navigator, reflecting its overall score of 79%. This rating indicates a reasonable level of accountability and financial health, which are essential for maintaining donor trust and effective program delivery. The organization benefits from a largely independent board, with 86% of its members being independent, which enhances governance and oversight.
Strengths of the organization include a high program expense ratio of nearly 88%, indicating that a substantial portion of spending is directed towards its programs and services. Additionally, the charity has demonstrated strong practices in governance, as evidenced by its comprehensive policies on conflicts of interest, whistleblower protections, and document retention. These elements contribute positively to its operational integrity.
However, a notable limitation is the liabilities to assets ratio, which was reported at 84.75%, indicating a potential concern regarding financial stability or debt management. While the organization has a solid foundation in terms of governance and program spending, addressing its financial liabilities may be crucial for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Charles Voa Living Center Inc Lake Villa Apartments legitimate?
Lake Charles Voa Living Center Inc Lake Villa Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Charles Voa Living Center Inc Lake Villa Apartments 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: $13,238
For more financial information, click here
What is the mission statement of Lake Charles Voa Living Center Inc Lake Villa Apartments?
Lake Charles Voa Living Center Inc's Lake Villa Apartments, as a housing facility, is committed to providing accommodation for disabled individuals. This commitment is in line with Section 811 of the National Housing Act, and it operates under an agreement with the Department of Housing and Urban Development (HUD). The primary objective of this organization is to offer suitable housing solutions for individuals with disabilities, ensuring they have a comfortable living environment. The apartment complex adheres to the guidelines set by the National Housing Act and works closely with HUD to provide the necessary support.
Who is the CEO of Lake Charles Voa Living Center Inc Lake Villa Apartments?
Peter Desjardins is the President of Lake Charles Voa Living Center Inc Lake Villa Apartments.
What is the revenue of Lake Charles Voa Living Center Inc Lake Villa Apartments?
Lake Charles Voa Living Center Inc Lake Villa Apartments's revenue in 2023 was $202,608.
Who are the executives of Lake Charles Voa Living Center Inc Lake Villa Apartments and what are their salaries?
Here are 23 key members and their salaries:
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- Related: $596,644
- Other: $175,327
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- Related: $329,561
- Other: $152,258
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- Related: $319,790
- Other: $98,843
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- Related: $314,949
- Other: $65,001
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- Related: $185,410
- Other: $94,730
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- Related: $240,852
- Other: $38,707
- Compensation: $0
- Related: $239,275
- Other: $38,298
- Compensation: $0
- Related: $161,240
- Other: $16,968
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- Related: $147,670
- Other: $20,890
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Where can I find the form 990 for Lake Charles Voa Living Center Inc Lake Villa Apartments?
Lake Charles Voa Living Center Inc Lake Villa Apartments's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake Charles Voa Living Center Inc Lake Villa Apartments
Lake Charles Voa Living Center Inc. Lake Villa Apartments, as a nonprofit organization, is committed to providing housing solutions for individuals with disabilities. This commitment is in line with Section 811 of the National Housing Act, and it operates under an agreement with the Department of Housing and Urban Development (HUD). The organization's mission is to offer a secure living environment for these individuals, ensuring they have access to suitable housing that caters to their unique needs. By doing so, Lake Charles Voa Living Center Inc. Lake Villa Apartments contributes to enhancing the quality of life for those with disabilities, providing them with a sense of independence and dignity.
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Impact
October, 2024
Lake Charles Voa Living Center Inc Lake Villa Apartments plays a vital role in supporting the lives of disabled individuals by providing stable, affordable housing. Located in Alexandria, VA, the center operates under Section 811 of the National Housing Act, ensuring that the needs of this often-overlooked population are met. By partnering with the Department of HUD, Lake Villa Apartments creates an inclusive environment that fosters independence and community integration for residents.
The impact of this facility extends beyond just housing; it enhances the quality of life for individuals with disabilities, allowing them to live with greater dignity and autonomy. By addressing housing needs, the center contributes to community improvement, offering safe and supportive living conditions that empower residents to thrive. Through its dedicated services, Lake Charles Voa Living Center Inc Lake Villa Apartments not only meets essential housing needs but also promotes social equity and well-being for its residents.
This information is meant to be a general summary of Lake Charles Voa Living Center Inc Lake Villa Apartments. 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: $4
- Program Service Revenue: $202,604
- Gross Receipts: $202,608
Assets and Liabilities:
- Total Assets: $1,295,598
- Total Liabilities: $1,098,069
- Net Assets: $197,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO DISABLED
Revenue
$202,604
Organization Details
Founding Year
1992
Phone
(703) 341-5000Principal Officer
Peter Desjardins
Main Address
1660 DUKE STREET, ALEXANDRIA, VA, 22314
NTEE Category
Code: S80 - Community improvement
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