Overview
What is Will Woods Viii?
Will Woods Viii Dba Belle Pointe Apts & Belle Terre Apts is a nonprofit organization with a focus on providing affordable housing for low-income individuals and families. Based in LaPlace, Louisiana, they operate two apartment complexes, acquiring and managing them to cater to this specific demographic. Their mission is deeply rooted in the goal of offering stable living environments, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Will Woods VIII's operations are reflected in a 79% score, emphasizing strong accountability and finance practices. The organization excels in governance, featuring a fully independent board and comprehensive policies to prevent conflicts of interest and ensure transparency. Their program expense ratio indicates that nearly all funds are directed towards their programs, which is a positive reflection of their commitment to their mission.
Strengths include a robust financial oversight structure, as evidenced by the full points awarded for their audit and oversight committee and other governance practices. They also demonstrate effective management of assets with no reported material diversions. These factors contribute to their reliability and trustworthiness as a nonprofit organization.
However, the organization scores lower on the liabilities to assets ratio, which indicates potential financial vulnerabilities that could be a concern. Overall, while Will Woods VIII demonstrates solid financial practices and governance, attention may be needed to strengthen their financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Will Woods Viii legitimate?
Will Woods Viii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Will Woods Viii 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:
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Other Salaries and Wages: $0
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What is the mission statement of Will Woods Viii?
The mission of Will Woods Viii DBA Belle Pointe Apts & Belle Terre Apts, in essence, is focused on acquiring and managing two apartment complexes, serving as a provider of affordable housing for low-income individuals and families. The organization's primary goal is to ensure these residences are available and accessible to those who require such living arrangements. By doing so, it contributes to the housing needs of its community, providing a vital service that can significantly impact the quality of life for its residents.
Who is the CEO of Will Woods Viii?
Ron Yager is the President of Will Woods Viii.
What is the revenue of Will Woods Viii?
Will Woods Viii's revenue in 2022 was $704,072.
Who are the executives of Will Woods Viii and what are their salaries?
Here are 21 key members and their salaries:
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Where can I find the form 990 for Will Woods Viii?
Will Woods Viii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Will Woods Viii
Will Woods VIII dba Belle Pointe Apts & Belle Terre Apts is dedicated to acquiring and managing two apartment complexes specifically designed to provide affordable housing options for low-income individuals and families. The organization's mission is to operate these complexes effectively, ensuring that they serve as safe and comfortable living spaces for those in need. By providing low-income housing, Belle Pointe Apts & Belle Terre Apts contributes to the well-being and stability of its residents, enabling them to focus on other aspects of their lives. The organization's efforts in this regard aim to foster a sense of community and support among its residents, ultimately contributing to their overall improvement and quality of life.
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Impact
July, 2024
Will Woods VIII DBA Belle Pointe Apts & Belle Terre Apts has a significant impact on the community by providing much-needed low-income housing in Laplace, Louisiana. Their activity focuses on acquiring and operating two apartment complexes to offer affordable living options for individuals and families facing financial difficulties. By ensuring access to safe and stable housing, they contribute to improving the quality of life for those in need. Their mission directly addresses the pressing issue of housing insecurity faced by many residents, making a tangible difference in the lives of the community members they serve.
This information is meant to be a general summary of Will Woods Viii. 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: $100,143
- Program Service Revenue: $577,031
- Gross Receipts: $836,039
Assets and Liabilities:
- Total Assets: $4,116,260
- Total Liabilities: $3,817,379
- Net Assets: $298,881
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$559,218
TENANT CHARGES
Revenue
$17,813
Organization Details
Founding Year
1996
Phone
(504) 830-3700Principal Officer
Ron Yager
Main Address
3900 HOWARD AVE, NEW ORLEANS, LA, 70125
NTEE Category
Code: L20 - Housing
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