Overview
What is Villages Ltd?
Villages Ltd, established in 1980, is a nonprofit organization situated in Fort Collins, Colorado. With a mission to promote affordable housing, economic opportunities, and a discrimination-free living environment, they have been instrumental in assisting the city's elderly and low-income families. As a 501(c)(3) organization, Villages Ltd has successfully acquired, developed, and preserved over 200 residential units throughout its 30-year journey. These units serve as homes for thousands of families in need, contributing positively to the Fort Collins community. The organization continues to manage these properties, ensuring that affordable housing remains accessible and sustainable.
Official website here: www.housingcatalyst.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Villages Ltd has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The charity's overall score is based solely on its excellent performance in the Accountability & Finance category, where it scored 92%. This high rating indicates that they effectively manage their financial resources, with a program expense ratio of 96.07%, demonstrating a significant majority of funds directed towards their programs.
The organization exhibits strong governance practices, with a fully independent board consisting of eight members, earning them top marks in that area. Furthermore, they have a robust audit and oversight committee, and there have been no instances of material diversion of assets. They have established clear financial policies, including conflict of interest and document retention policies, which contribute to their overall accountability.
However, it is worth noting that Villages Ltd is missing a Whistleblower Policy, which could be a potential area for improvement in their governance framework. Despite this limitation, their strong financial practices and transparency with stakeholders position them as a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Villages Ltd legitimate?
Villages Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villages Ltd 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: $168,106
For more financial information, click here
Official website here: www.housingcatalyst.com
What is the mission statement of Villages Ltd?
Villages Ltd, as a non-profit organization, is committed to providing and promoting adequate and affordable housing, economic opportunities, and a safe living environment free from discrimination. Established in 1980, the organization has been diligently working towards acquiring, developing, and preserving affordable housing for low-income families and the elderly. Over the past 30 years, Villages Ltd has managed to assist numerous families in need by managing a total of 200 residential units. The organization's mission is geared towards improving the living conditions and economic prospects of its community members, ensuring they have access to a secure and inclusive environment.
Official website here: www.housingcatalyst.com
Who is the CEO of Villages Ltd?
Tonya Frammolino is the Secretary/Treasurer/Ceo of Villages Ltd. The CEO's salary of Villages Ltd is $0 and their total compensation is $276,360.
Official website here: www.housingcatalyst.com
What is the revenue of Villages Ltd?
Villages Ltd's revenue in 2022 was $2,481,924.
Official website here: www.housingcatalyst.com
Who are the executives of Villages Ltd and what are their salaries?
There 8 volunteers at Villages Ltd.
Here are 9 key members and their salaries (Villages Ltd's CEO's salary is $0 and their total compensation is $276,360):
- Compensation: $0
- Related: $226,355
- Other: $50,005
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $171,638
- Other: $44,767
Official website here: www.housingcatalyst.com
Where can I find the form 990 for Villages Ltd?
Villages Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingcatalyst.com
Learn more at the official website: www.housingcatalyst.com
Mission Statement of Villages Ltd
Villages Ltd, a nonprofit organization established in 1980, is committed to three primary objectives. Its mission is to provide and advocate for adequate and affordable housing, economic opportunities, and a safe living environment that is free from discrimination. This mission has seen the organization acquire, develop, and preserve affordable housing units for the elderly and low-income families in various communities. Over the past three decades, Villages Ltd has successfully managed and owned 200 residential units, serving as a beacon of hope for thousands of families in need. The organization's relentless pursuit of its mission has contributed significantly to the well-being of these families, providing them with a secure and affordable living environment.
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Impact
July, 2024
Villages Ltd's impact is significant in providing affordable housing for the elderly and low-income families in Fort Collins, Colorado. The organization owns and manages a total of 200 residential units, which have helped thousands of low-income families in the community over the past 30 years. By ensuring access to safe and affordable housing, Villages Ltd is contributing to the well-being and economic stability of individuals and families in Fort Collins. Their mission to provide and promote adequate and affordable housing, economic opportunity, and a safe living environment free from discrimination is making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Villages Ltd. 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: $30,024
- Program Service Revenue: $2,451,900
- Gross Receipts: $2,489,843
Assets and Liabilities:
- Total Assets: $23,852,035
- Total Liabilities: $822,275
- Net Assets: $23,029,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$1,210,236
Section 8 Subsidy
Revenue
$915,878
Interest Income
Revenue
$232,594
Other Tenant Income
Revenue
$58,171
Organization Details
Founding Year
1980
Phone
(970) 416-2910Principal Officer
Tonya Frammolino
Main Address
1715 W Mountain Avenue, Fort Collins, CO, 80521
Website
www.housingcatalyst.comNTEE Category
Code: L25 - Housing
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