Overview
What is Villa Maria Of Corpus Christi Inc?
Villa Maria of Corpus Christi Inc is a nonprofit organization established primarily to operate an affordable apartment complex designed specifically for elderly individuals. Located at 3146 Saratoga Blvd, Corpus Christi, TX 78415, this organization aims to provide elderly individuals with a residential living environment suitable for independent or semi-independent living. The organization, which employs a modest workforce of 4 individuals, operates a 48-unit facility that caters to the specific needs of elderly individuals seeking a comfortable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Villa Maria of Corpus Christi Inc has received a commendable 94% rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is particularly significant as it underscores the organization's commitment to transparency and good governance, with a perfect score in several critical areas, including a fully independent board and comprehensive financial oversight measures.
The nonprofit excels in maintaining an independent board, which comprises 100% independent members, ensuring that its governance is objective and free from conflicts of interest. Additionally, the organization demonstrates excellent financial health, evidenced by a low liabilities to assets ratio of 5.28% and a high program expense ratio of nearly 94%, indicating that the majority of its budget is directed towards its mission-related programs.
While the data highlights numerous strengths, there are no specific limitations noted in the information provided. Overall, the evaluation portrays Villa Maria of Corpus Christi Inc as a well-managed organization dedicated to its mission, with robust financial practices and governance structures in place.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Maria Of Corpus Christi Inc legitimate?
Villa Maria Of Corpus Christi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Maria Of Corpus Christi 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: $94,067
For more financial information, click here
What is the mission statement of Villa Maria Of Corpus Christi Inc?
Villa Maria of Corpus Christi Inc. operates a moderately priced apartment complex specifically designed for the elderly. The mission of this organization is to provide a residential living environment for elderly individuals who are capable of living independently or semi-independently. Villa Maria Inc. is organized solely for this purpose, aiming to offer a home where elderly individuals can live comfortably and maintain their independence. The facility houses 48 units, catering to the needs of elderly individuals seeking a community setting while retaining their independence.
Who is the CEO of Villa Maria Of Corpus Christi Inc?
Patricia Cantu is the President of Villa Maria Of Corpus Christi Inc.
What is the revenue of Villa Maria Of Corpus Christi Inc?
Villa Maria Of Corpus Christi Inc's revenue in 2022 was $461,947.
Who are the executives of Villa Maria Of Corpus Christi Inc and what are their salaries?
The average compensation at Villa Maria Of Corpus Christi Inc during 2022 was $23,517. There are 4 employees at Villa Maria Of Corpus Christi Inc.
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- Compensation: $31,415
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Where can I find the form 990 for Villa Maria Of Corpus Christi Inc?
Villa Maria Of Corpus Christi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Villa Maria Of Corpus Christi Inc
Villa Maria of Corpus Christi Inc is dedicated to providing a residential living environment for elderly individuals who are capable of independent or semi-independent living. This nonprofit organization operates a moderately priced apartment complex, housing 48 units, with the primary mission to cater to the needs of elderly individuals. Villa Maria of Corpus Christi Inc is structured solely for this purpose, offering a home that aligns with the financial capabilities of its elderly residents.
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Impact
July, 2024
Villa Maria of Corpus Christi Inc provides a vital service by offering a moderately priced apartment complex for elderly individuals in Corpus Christi, Texas. This enables elderly persons who are capable of independent or semi-independent living to have a safe and supportive residential environment. By fulfilling this mission, Villa Maria contributes to the well-being and quality of life for the elderly population in the community. Their impact is evident in providing essential housing options tailored to the specific needs of this demographic group.
This information is meant to be a general summary of Villa Maria Of Corpus Christi 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: $848
- Program Service Revenue: $421,380
- Gross Receipts: $461,947
Assets and Liabilities:
- Total Assets: $443,628
- Total Liabilities: $42,237
- Net Assets: $401,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$421,380
Organization Details
Founding Year
1983
Phone
(361) 857-6171Principal Officer
Patricia Cantu
Main Address
3146 SARATOGA BLVD, CORPUS CHRISTI, TX, 78415
NTEE Category
Code: L22Z - Housing
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