Overview
What is Denver Metro Village Inc?
Denver Metro Village Inc is a nonprofit organization situated at 1523 Quitman Street, Denver, Colorado 80204. Their primary mission is to provide affordable housing for low-income elderly residents, as evidenced by their investment in a project that resulted in 191 housing units. The organization's activities are centered around this mission, aiming to improve the living conditions of elderly individuals who may be financially challenged. With a dedicated team of 14 employees, Denver Metro Village Inc plays a significant role in the community, contributing to the well-being and comfort of its elderly residents.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 54%, One-Star out of Four Star rating.
Denver Metro Village Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and accountability. The overall score reflects a strong performance in governance elements such as having a majority of independent board members and maintaining various policies aimed at transparency and oversight. However, the low score primarily stems from a concerning program expense ratio of 0.00%, suggesting that the organization may not be allocating funds effectively toward its stated mission.
While the organization has implemented robust governance practices, the lack of program expenses raises questions about its operational effectiveness and service delivery. The organization has demonstrated a commitment to accountability by having an independent board and by listing conflict of interest and whistleblower policies. Nonetheless, the substantial discrepancy between governance and program spending highlights a potential gap that could impact its ability to achieve its goals and support its community effectively.
Overall, while Denver Metro Village Inc shows strengths in governance and compliance, the financial metrics indicate that improvements are needed to ensure the organization can deliver on its mission and effectively support the populations it serves. Stakeholders may want to consider these challenges when evaluating the organization's overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Denver Metro Village Inc legitimate?
Denver Metro Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denver Metro Village 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.
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What is the mission statement of Denver Metro Village Inc?
Denver Metro Village Inc is committed to providing affordable housing for low-income elderly individuals. As part of its mission, the organization invests in projects that result in the creation of housing units specifically designed for elderly residents. By doing so, Denver Metro Village Inc contributes to ensuring that elderly people in need have a place to call home. The organization's focus on affordable housing aims to improve the living conditions and quality of life for this vulnerable population.
Who is the CEO of Denver Metro Village Inc?
Vicki Ulibarri is the President of Denver Metro Village Inc.
What is the revenue of Denver Metro Village Inc?
Denver Metro Village Inc's revenue in 2023 was $2,142,699.
Who are the executives of Denver Metro Village Inc and what are their salaries?
There are 14 employees and 13 volunteers at Denver Metro Village Inc.
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Where can I find the form 990 for Denver Metro Village Inc?
Denver Metro Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Denver Metro Village Inc
Denver Metro Village Inc, as a nonprofit organization, is dedicated to providing affordable housing for low-income elderly individuals. Their mission is centered around creating a living environment that caters to the needs of the elderly, ensuring they have access to housing that fits within their financial means. Through an investment in a project, Denver Metro Village Inc was able to provide 191 low-income housing units to elderly residents, demonstrating their commitment to this cause. By offering affordable housing, this nonprofit organization contributes to the well-being of elderly individuals, enabling them to maintain their independence and dignity in their golden years.
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Impact
July, 2024
Denver Metro Village Inc's impact can be most notably seen in its investment in a project that provided 191 low-income housing units to elderly residents in Denver, Colorado. Through their focus on providing affordable housing for low-income elderly persons, Denver Metro Village Inc has made a significant contribution to addressing the housing needs of this vulnerable population in the area.
This information is meant to be a general summary of Denver Metro Village 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 2023.
- Investment Income: $10,999
- Program Service Revenue: $2,131,700
- Gross Receipts: $2,142,699
Assets and Liabilities:
- Total Assets: $33,942,659
- Total Liabilities: $25,139
- Net Assets: $33,917,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$2,110,040
OTHER REVENUE
Revenue
$21,660
Organization Details
Founding Year
1967
Phone
(303) 572-7716Principal Officer
Vicki Ulibarri
Main Address
1523 QUITMAN STREET, DENVER, CO, 80204
NTEE Category
Code: L21 - Housing
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