Overview
What is Villa Santa Maria Inc?
Villa Santa Maria Inc is a nonprofit organization located in Dallas, Texas, primarily dedicated to providing affordable housing solutions for low-income individuals. Adhering to the guidelines outlined in Rev. Proc. 96-32, they offer rental apartments to those in need. Their mission aims to enhance the living standards of these individuals by offering a safe and comfortable housing environment. The organization is committed to this cause, ensuring that their programs and services align with the guidelines set forth in the Rev. Proc. 96-32.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating.
Villa Santa Maria Inc has received a moderate rating, reflecting concerns primarily in transparency and governance practices. While the organization boasts a fully independent board and a strong program expense ratio of 93.19%, indicating that a significant portion of its funds directly supports its mission, it faces challenges in areas like policy documentation and financial disclosures.
The charity's accountability and financial management display strengths, particularly with no material diversion of assets and a well-functioning audit and oversight committee. However, the absence of key policies such as a whistleblower policy and document retention procedures, along with a missing tax form on its website, raises questions about its overall commitment to transparency. These limitations may affect potential donors' trust and willingness to support the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Villa Santa Maria Inc legitimate?
Villa Santa Maria Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Santa Maria 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: $145,226
For more financial information, click here
What is the mission statement of Villa Santa Maria Inc?
Villa Santa Maria Inc's mission is centered around providing rental apartments to individuals with low income, adhering to the guidelines outlined in Rev. Proc. 96-32. The organization's primary goal is to offer housing solutions within these financial constraints. By doing so, Villa Santa Maria Inc aims to contribute positively to the lives of those in need, providing them with a secure living space. The organization's activities are guided by the Rev. Proc. 96-32 regulations, ensuring that its services are accessible to a specific income demographic. While the exact location of Villa Santa Maria Inc is not specified, it is known to be situated in Dallas, Texas.
Who is the CEO of Villa Santa Maria Inc?
Sister Mary Ann Owens Ssnd is the President of Villa Santa Maria Inc.
What is the revenue of Villa Santa Maria Inc?
Villa Santa Maria Inc's revenue in 2022 was $1,251,685.
Who are the executives of Villa Santa Maria Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $3,600
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Where can I find the form 990 for Villa Santa Maria Inc?
Villa Santa Maria Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Villa Santa Maria Inc
Villa Santa Maria Inc is committed to providing rental apartments to individuals with low income, adhering to the guidelines set forth in Rev. Proc. 96-32. The organization's mission is centered around offering housing solutions to this specific demographic, ensuring they meet the necessary criteria as outlined in the aforementioned protocol. Villa Santa Maria's programs are primarily focused on the provision of affordable housing, ensuring they align with the guidelines established in Rev. Proc. 96-32. This mission serves as a crucial resource for individuals in need, providing them with a stable living environment.
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Impact
July, 2024
Villa Santa Maria Inc's impact lies in providing affordable rental apartments to low-income individuals in Dallas, TX, in accordance with the guidelines of Rev. Proc. 96-32. This initiative helps address the pressing need for affordable housing in the city, offering a stable and secure living situation for those who may struggle to find suitable housing options elsewhere. By providing this essential service, Villa Santa Maria Inc contributes to improving the quality of life for individuals who might otherwise face housing insecurity.
This information is meant to be a general summary of Villa Santa Maria 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: $2,720
- Program Service Revenue: $1,248,965
- Gross Receipts: $1,251,685
Assets and Liabilities:
- Total Assets: $7,099,307
- Total Liabilities: $5,962,104
- Net Assets: $1,137,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING RENTAL
Revenue
$1,248,965
Organization Details
Founding Year
1995
Phone
(972) 241-1272Principal Officer
Sister Mary Ann Owens Ssnd
Main Address
2920 FOREST LANE BOX 415, DALLAS, TX, 752345202
NTEE Category
Code: L21Z - Housing
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