Overview
What is Vincent's Homes Inc?
Vincent's Homes Inc is a nonprofit organization based in Philadelphia, Pennsylvania. Their primary mission is to provide affordable housing in the Germantown section of the city. As of December 31, 2022, they have acquired 17 properties, with the majority already developed and leased to lower-income families. The remaining properties are planned for rehabilitation in 2023, aiming to provide more housing options for those in need. Their goal is not only to provide housing but also to contribute positively to the community.
Is Vincent's Homes Inc legitimate?
Vincent's Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vincent's Homes 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 Vincent's Homes Inc?
Vincent's Homes Inc is committed to achieving two primary objectives. Firstly, they strive to create and maintain affordable housing units. Secondly, they aim to enhance their community by providing these affordable housing options. In line with this mission, they acquire, construct, rehabilitate, improve, and lease residential properties to families with lower incomes, offering them affordable rents. As of December 31, 2022, they have acquired 17 properties, with the majority of them fully developed and leased. The remaining properties will undergo rehabilitation in 2023, with the intention of making them available for low-income households.
Who is the CEO of Vincent's Homes Inc?
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What is the revenue of Vincent's Homes Inc?
Vincent's Homes Inc's revenue in 2022 was $274,494.
Who are the executives of Vincent's Homes Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Vincent's Homes Inc?
Vincent's Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vincent's Homes Inc
Vincent's Homes Inc, a nonprofit organization, is dedicated to creating and preserving affordable housing, aiming to enhance the community. In line with this mission, the organization actively acquires, constructs, rehabilitates, improves, and leases residential dwelling units to families with low incomes, charging them affordable rents. As of December 31, 2022, Vincent's Homes Inc has successfully acquired 17 properties. The majority of these properties have been fully developed and are currently leased to low-income families. The remaining properties are scheduled for rehabilitation in 2023, with the intent of providing additional housing opportunities for low-income households. By focusing on affordable housing, Vincent's Homes Inc contributes to improving the living conditions of its community members, thereby enhancing the overall well-being of the community.
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Impact
October, 2024
Vincent's Homes Inc plays a vital role in addressing the affordable housing crisis in the Germantown section of Philadelphia. By acquiring, constructing, and rehabilitating residential properties, the organization provides lower-income families with access to safe and affordable rental units. As of December 31, 2022, Vincent's Homes Inc has successfully acquired 17 properties, the majority of which are now fully developed and leased, significantly improving housing stability for local residents.
The organization's commitment to creating and preserving affordable housing contributes to the overall improvement of the community. By focusing on the needs of low-income households, Vincent's Homes Inc not only helps alleviate financial burdens but also fosters a sense of community and belonging among residents. The planned rehabilitation of remaining properties in 2023 further underscores their ongoing effort to enhance living conditions and ensure that affordable housing remains accessible.
Through its initiatives, Vincent's Homes Inc is making a profound impact on both individual lives and the larger community, promoting social equity and improving the overall quality of life in the Germantown area.
This information is meant to be a general summary of Vincent's Homes 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.
- Program Service Revenue: $111,994
- Gross Receipts: $274,494
Assets and Liabilities:
- Total Assets: $2,826,976
- Total Liabilities: $1,605,778
- Net Assets: $1,221,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low-Income Housing Rental Income
Revenue
$111,994
Organization Details
Founding Year
2019
Phone
(856) 571-3634Main Address
475 E Chelten Ave, Philadelphia, PA, 19144
NTEE Category
Code: L20 - Housing
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