Overview
What is Victory Temple Holdings?
Victory Temple Holdings is a nonprofit organization that assists Victory Temple Ministries Inc., a 501c3 entity with EIN 75-2288079. Their primary mission is to construct, manage, and maintain a facility that serves as a temporary residence for men undergoing recovery from addiction within Victory Temple Ministries' program. Additionally, they offer plumbing repair services during new construction and make property tax payments to Tarrant County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Victory Temple Holdings has received a low rating due to its overall accountability and financial management, scoring only 54%. While the organization boasts a fully independent board and has strong policies in place regarding conflicts of interest and whistleblower protection, it faces significant challenges in its financial activities, particularly evidenced by a program expense ratio of 0.00%. This indicates that the charity is not allocating any funds towards its programs, raising concerns about the effectiveness and impact of its initiatives.
The organization is commendable for its governance structure, having a board comprised entirely of independent members and maintaining transparency in its operations, as shown by proper documentation of meeting minutes and adherence to a conflict of interest policy. However, the liabilities to assets ratio of 0.00% and the lack of allocated program expenses suggest that there may be substantial room for improvement in financial sustainability and operational effectiveness.
In summary, while Victory Temple Holdings has strong governance attributes, its financial performance and commitment to program funding are significant areas of concern. Donors may want to consider these limitations carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Victory Temple Holdings legitimate?
Victory Temple Holdings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory Temple Holdings 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: $0
For more financial information, click here
What is the mission statement of Victory Temple Holdings?
Victory Temple Holdings is committed to supporting the charitable endeavors of Victory Temple Ministries Inc. The primary objective of Victory Temple Holdings is to construct, manage, and maintain a facility that serves as a temporary residence for men recovering from addiction, within the context of Victory Temple Ministries' program. Additionally, the organization provides plumbing repair services during new construction projects and makes property tax payments to Tarrant County. In essence, Victory Temple Holdings contributes to the rehabilitation and recovery of individuals battling addiction, through the provision of a supportive living environment and related services.
Who is the CEO of Victory Temple Holdings?
Anna Salomon is the President of Victory Temple Holdings.
What is the revenue of Victory Temple Holdings?
Victory Temple Holdings's revenue in 2022 was $3,000.
Who are the executives of Victory Temple Holdings and what are their salaries?
There 5 volunteers at Victory Temple Holdings.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $73,663
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Victory Temple Holdings?
Victory Temple Holdings's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Victory Temple Holdings
Victory Temple Holdings, a supporting entity for Victory Temple Ministries Inc., is committed to promoting charitable activities. Its primary mission involves constructing, managing, and maintaining a facility that serves as a temporary residence for men seeking recovery from addiction through Victory Temple Ministries' program. Additionally, the organization provides plumbing repair services during new construction projects. By providing this vital service, Victory Temple Holdings contributes to the creation and upkeep of a suitable environment for men on their journey to recovery.
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Impact
October, 2024
Victory Temple Holdings plays a vital role in providing support for individuals recovering from addiction. By constructing, managing, and maintaining a facility specifically designed as a temporary home for men in recovery, Victory Temple Holdings creates a safe and supportive environment essential for rehabilitation. This initiative not only addresses immediate housing needs but also fosters a sense of community among residents, promoting healing and personal growth.
Additionally, the organization contributes to the local economy by offering plumbing repair services during construction projects and fulfilling property tax obligations to Tarrant County. This commitment to community engagement enhances its impact, as it not only aids individuals on their recovery journey but also supports the broader Fort Worth area through job creation and financial contributions. Overall, Victory Temple Holdings significantly enriches the recovery landscape, providing hope and stability for those seeking to overcome addiction.
This information is meant to be a general summary of Victory Temple Holdings. 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.
- Gross Receipts: $3,000
Assets and Liabilities:
- Total Assets: $2,023,319
- Total Liabilities: $0
- Net Assets: $2,023,319
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Organization Details
Founding Year
2018
Phone
(817) 822-5686Principal Officer
Anna Salomon
Main Address
2526 COLUMBUS AVE, FORT WORTH, TX, 761646968
NTEE Category
Code: X11 - Religion related
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