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Rs & Vp Property One

Gene Gilbert Manor

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850465107 ✦ Albuquerque, NM ✦ Designated as a 501(c)(3)

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Overview

What is Rs & Vp Property One?

Rs & Vp Property One is a nonprofit organization situated in Albuquerque, New Mexico, with an address at 1001 Valencia DR SE, 87108. Their primary mission is to provide affordable housing for individuals with low income, who have a verified mental, physical, or developmental disability. This housing complex, named Gene Gilbert Manor, consists of 18 units, catering specifically to this demographic. The organization's commitment is to ensure that those with disabilities have access to suitable and affordable living spaces.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1 Star (52%)

Rs & Vp Property One has received a low rating of 52%, resulting in a One-Star out of Four Stars designation. This rating reflects significant concerns regarding its accountability and finance practices. The score is primarily drawn from the organization's lack of independent board members and transparency issues, including the absence of a publicly accessible website listed on their tax forms.

One notable strength is the absence of material diversion of assets, indicating that the organization has not misused its resources, which is a positive aspect. Additionally, they have a conflict of interest policy and proper document retention practices in place, reflecting some commitment to governance standards. However, the organization struggles with a high liabilities to assets ratio, which raises financial stability concerns.

Furthermore, the nonprofit is missing essential fiscal documents on its website, such as the tax form required by Form 990, which hinders transparency and accountability. The absence of a whistleblower policy also indicates potential vulnerabilities in governance. Overall, while there are some strengths, the significant shortcomings in board composition and financial transparency have led to a poor rating from Charity Navigator.


This AI summary has been generated from information found on Charity Navigator.

Is Rs & Vp Property One legitimate?

Rs & Vp Property One is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rs & Vp Property One 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: $36,037

For more financial information, click here

What is the mission statement of Rs & Vp Property One?

Rs & Vp Property One's mission is centered around providing affordable housing for individuals with low income and disabilities. This includes mental, physical, or developmental disabilities. The organization ensures that those who meet these criteria have access to suitable housing, as evidenced by their 18-unit housing complex. Their aim is to make housing more accessible for this vulnerable group, thereby contributing to their overall well-being.

Who is the CEO of Rs & Vp Property One?

Kara Summers is the President of Rs & Vp Property One.

What is the revenue of Rs & Vp Property One?

Rs & Vp Property One's revenue in 2022 was $180,003.

Who are the executives of Rs & Vp Property One and what are their salaries?


Here are 3 key members and their salaries:


Kara Summers (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Drum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Drum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rs & Vp Property One?

Rs & Vp Property One's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rs & Vp Property One

Rs & Vp Property One, a nonprofit organization, is committed to providing affordable housing for individuals who fall under the low-income category and have a verified mental, physical, or developmental disability. This mission is reflected in the 18-unit housing complex they manage, which serves as a sanctuary for those in need. By offering affordable housing, Rs & Vp Property One aims to provide a living space that is accessible and affordable for individuals who may face challenges in securing housing due to their disability. This dedication to social justice and affordable housing is a testament to the organization's commitment to supporting vulnerable populations.

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Impact




October, 2024

Rs & Vp Property One significantly impacts the community by providing affordable housing specifically for low- and moderate-income individuals living with mental, physical, or developmental disabilities. The housing complex, consisting of 18 units, offers a safe and supportive environment tailored to the unique needs of these residents. This initiative not only addresses the critical shortage of accessible and affordable housing but also promotes independence and stability for individuals who may otherwise struggle to find suitable accommodations.

By focusing on this vulnerable demographic in Albuquerque, NM, Rs & Vp Property One enhances the quality of life for its residents, fostering a sense of community and belonging. It empowers individuals by allowing them to live with dignity while alleviating the financial burdens often associated with housing. Furthermore, the organization contributes positively to the local economy by sustaining jobs and stimulating related services. Overall, Rs & Vp Property One plays a vital role in transforming lives and creating a more inclusive society.




This information is meant to be a general summary of Rs & Vp Property One. 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.

Revenue
$180,003 (2022)
Expenses
$222,981 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9
  • Program Service Revenue: $179,994
  • Gross Receipts: $180,003

Assets and Liabilities:

  • Total Assets: $841,141
  • Total Liabilities: $1,503,032
  • Net Assets: -$661,891

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GOVT RENT ASSISTANCE

Revenue

$117,175

TENANT RENT REVENUE

Revenue

$59,805

LAUNDRY VENDING INCOME

Revenue

$1,214

MISC INCOME

Revenue

$1,800

Organization Details

Founding Year

1998

Principal Officer

Kara Summers

Main Address

1001 VALENCIA DR SE, Albuquerque, NM, 87108

NTEE Category

Code: L21 - Housing

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