Overview
What is Billings Voa Elderly Housing Inc Magic City Terraces?
Billings Voa Elderly Housing Inc Magic City Terraces is a nonprofit organization situated at 1660 Duke Street, Alexandria, Virginia. Their primary mission is to offer housing solutions for elderly and disabled individuals and families, in adherence to Section 202 of the National Housing Act. They operate under an agreement with the Department of HUD, ensuring that they provide suitable living arrangements to their target demographic. Their work is profoundly significant in supporting the vulnerable elderly and disabled population, providing them with a secure and comfortable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Billings Voa Elderly Housing Inc Magic City Terraces has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of financial accountability and transparency. The organization's score is derived from a comprehensive analysis of its Accountability & Finance metrics, where it earned an impressive 94%. This rating reflects a commitment to responsible management of resources, which is critical for instilling donor confidence.
Strengths of the organization include a fully independent board, comprising 86% independent members, which enhances governance and minimizes potential conflicts of interest. Moreover, the organization has an excellent program expense ratio of 90.08%, showing that the majority of its funds are directed toward its programs rather than administrative costs. The absence of any material diversion of assets further underscores its integrity in financial practices.
While the organization demonstrates strong financial health and governance, potential donors should continue to monitor its ongoing performance and impact. This level of scrutiny is essential to ensure that the organization maintains its high standards and continues to effectively serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Billings Voa Elderly Housing Inc Magic City Terraces legitimate?
Billings Voa Elderly Housing Inc Magic City Terraces is a legitimate nonprofit organization registered as a 501(c)(3) entity. Billings Voa Elderly Housing Inc Magic City Terraces 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: $125,435
For more financial information, click here
What is the mission statement of Billings Voa Elderly Housing Inc Magic City Terraces?
Billings Voa Elderly Housing Inc. Magic City Terraces, as a non-profit organization, is committed to providing housing for elderly and disabled individuals and families. This is done under Section 202 of the National Housing Act, in collaboration with the Department of Housing and Urban Development. The primary goal is to offer a living space that caters to the unique needs of this demographic, aiming to enhance their quality of life. The organization's mission does not focus on research or advocacy like some other organizations, but rather on the essential provision of housing.
Who is the CEO of Billings Voa Elderly Housing Inc Magic City Terraces?
Peter Desjardins is the President of Billings Voa Elderly Housing Inc Magic City Terraces.
What is the revenue of Billings Voa Elderly Housing Inc Magic City Terraces?
Billings Voa Elderly Housing Inc Magic City Terraces's revenue in 2023 was $735,765.
Who are the executives of Billings Voa Elderly Housing Inc Magic City Terraces 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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- Other: $152,258
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- Other: $65,001
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- Related: $185,410
- Other: $94,730
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- Related: $240,852
- Other: $38,707
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- Related: $239,275
- Other: $38,298
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- 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 Billings Voa Elderly Housing Inc Magic City Terraces?
Billings Voa Elderly Housing Inc Magic City Terraces's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Billings Voa Elderly Housing Inc Magic City Terraces
Billings VOA Elderly Housing Inc, specifically its Magic City Terraces, is dedicated to providing housing solutions for elderly and disabled individuals and their families. This is carried out under the agreement with the Department of HUD, as stipulated by Section 202 of the National Housing Act. The organization's primary mission is to offer a secure living environment for these vulnerable groups, ensuring they have access to the necessary housing resources they require. By doing so, Billings VOA Elderly Housing Inc Magic City Terraces plays a significant role in enhancing the quality of life for these individuals, allowing them to maintain their independence and dignity while receiving the support they need.
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Impact
July, 2024
Billings Voa Elderly Housing Inc Magic City Terraces provides essential housing services to elderly and disabled individuals and families under Section 202 of the National Housing Act through an agreement with the Department of Housing and Urban Development. By offering safe and affordable housing options, this organization directly impacts the lives of those in need, ensuring they have a place to call home and receive necessary support. In doing so, Billings Voa Elderly Housing contributes to community improvement by addressing the housing needs of vulnerable populations.
This information is meant to be a general summary of Billings Voa Elderly Housing Inc Magic City Terraces. 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: $2,505
- Program Service Revenue: $733,260
- Gross Receipts: $735,765
Assets and Liabilities:
- Total Assets: $5,090,845
- Total Liabilities: $212,617
- Net Assets: $4,878,228
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$733,260
Organization Details
Founding Year
2003
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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