Overview
What is Albina Vision Trust Inc?
Albina Vision Trust Inc, based in Portland, Oregon, is a nonprofit organization dedicated to revitalizing a 94-acre area previously inhabited predominantly by African American residents. Their mission is to foster innovation, inclusivity, affordability, and accessibility in this redeveloped area, as part of their commitment to healing past harm and amplifying underrepresented voices. The organization is actively involved in community engagement, planning, and real estate initiatives, aiming to set a precedent for transformative community renewal. Although the information provided does not specify the number of employees, it is known that the organization is managed by a team of at least one individual.
Official website here: www.albinavision.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 72%)
Albina Vision Trust Inc has received a Two-Star rating, indicating that there are areas for improvement in its operations, particularly in accountability and finance. The organization scores well in maintaining an independent board and has robust financial oversight mechanisms. However, its overall financial efficiency, as reflected in the program expense ratio of 54.20%, suggests that a significant portion of its expenses may not be directly benefiting its programs.
While the organization excels in several governance aspects, such as having 100% independent board members and no reported diversion of assets, it faces criticism due to the lack of a whistleblower policy and failure to post its tax form on its website. These factors contribute to its lower score in accountability and finance despite strong performances in other areas, including the management of liabilities and financial documentation.
In summary, while Albina Vision Trust Inc demonstrates solid governance and financial oversight, the absence of certain key policies and transparency measures limits its rating. Improving these areas could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Albina Vision Trust Inc legitimate?
Albina Vision Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albina Vision Trust 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: $121,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.albinavision.org
What is the mission statement of Albina Vision Trust Inc?
Albina Vision Trust Inc, through its mission, aims to revitalize a 94-acre area that was historically inhabited by primarily African American residents, who were displaced due to urban renewal. The organization's goal is to foster the creation of a forward-thinking and distinctive place that embraces diversity, inclusivity, affordability, and accessibility. Albina Vision Trust Inc is committed to addressing past wrongs, amplifying underrepresented voices, and setting a precedent for innovative community renewal. The organization's mission is to contribute to the rejuvenation of the area, ensuring that it serves all members of the community equitably.
Official website here: www.albinavision.org
Who is the CEO of Albina Vision Trust Inc?
Winta Yohannes is the Chairperson of Albina Vision Trust Inc.
Official website here: www.albinavision.org
What is the revenue of Albina Vision Trust Inc?
Albina Vision Trust Inc's revenue in 2022 was $1,693,005.
Official website here: www.albinavision.org
Who are the executives of Albina Vision Trust Inc and what are their salaries?
The average compensation at Albina Vision Trust Inc during 2022 was $121,849. There is 1 employee and 5 volunteers at Albina Vision Trust Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $121,719
- Related: $0
- Other: $6,000
Official website here: www.albinavision.org
Where can I find the form 990 for Albina Vision Trust Inc?
Albina Vision Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albinavision.org
Learn more at the official website: www.albinavision.org
Mission Statement of Albina Vision Trust Inc
Albina Vision Trust, Inc., with a mission to facilitate the transformation of a 94-acre area in Portland, aims to create an innovative and exceptional space. This area, once home to thousands of primarily African American residents, was significantly impacted by urban renewal over the decades. Albina Vision Trust's objective is to foster the birth of a diverse, inclusive, affordable, and accessible community. The organization is deeply committed to healing past harms, amplifying underrepresented voices, and establishing a precedent for innovative community renewal. By doing so, Albina Vision Trust aspires to set a remarkable example for future urban development projects, ensuring they prioritize diversity, inclusion, and affordability.
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Impact
July, 2024
Albina Vision Trust Inc is making a significant impact by spearheading the reinvention of 94 acres in Portland's Albina area, a neighborhood from which thousands of primarily African American residents were displaced due to decades of urban renewal. Their mission is to create an innovative and inclusive community that is diverse, affordable, and accessible. By engaging the community, conducting planning activities, and managing real estate projects, Albina Vision Trust is actively working to heal past harms, amplify underrepresented voices, and set a precedent for innovative community renewal in the area.
This information is meant to be a general summary of Albina Vision Trust 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: $2,652
- Program Service Revenue: $1,400
- Gross Receipts: $1,693,005
Assets and Liabilities:
- Total Assets: $3,422,640
- Total Liabilities: $655,799
- Net Assets: $2,766,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPEAKING FEE
Revenue
$1,400
Organization Details
Founding Year
2017
Phone
(503) 454-6375Principal Officer
Winta Yohannes
Main Address
PO BOX 5124, PORTLAND, OR, 97208
Website
www.albinavision.orgNTEE Category
Code: S31 - Community improvement
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