Overview
What is Verde Valley Manor Retirement Center Inc?
Verde Valley Manor Retirement Center Inc, located in Cottonwood, Arizona, is a nonprofit organization devoted to providing affordable housing solutions for the elderly and individuals with disabilities. Under the guidelines set by the U.S. Department of Housing and Urban Development (HUD), they offer low-rent accommodations and associated facilities, enabling these groups to live independently. With a dedicated team of eight employees, Verde Valley Manor Retirement Center Inc aims to make comfortable and affordable living options available to those who qualify, ultimately promoting independent living for this specific demographic.
Official website here: www.verdevalleymanor.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Verde Valley Manor Retirement Center Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored particularly well in areas such as having a majority of independent board members and an effective audit and oversight committee. These factors demonstrate a commitment to transparency and good governance.
Despite its strengths, the organization faced challenges with its liabilities to assets ratio, which is at 99.56%. This figure may suggest potential financial strain, and it is an area that potential donors might want to consider. However, the charity excels in program spending, with 100% of its expenses allocated to programs, showcasing its dedication to fulfilling its mission effectively.
Overall, Verde Valley Manor demonstrates a strong commitment to accountability and financial governance, although there are some financial metrics that warrant further scrutiny. The charity’s overall ratings reflect a positive standing in the nonprofit sector, making it a potentially viable option for supporters looking to contribute to a reputable organization.
This AI summary has been generated from information found on Charity Navigator.
Is Verde Valley Manor Retirement Center Inc legitimate?
Verde Valley Manor Retirement Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verde Valley Manor Retirement Center 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: $142,565
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,439
For more financial information, click here
Official website here: www.verdevalleymanor.com
What is the mission statement of Verde Valley Manor Retirement Center Inc?
The mission of Verde Valley Manor Retirement Center Inc is centered around providing affordable rental housing for low-income seniors and individuals with disabilities, enabling them to live independently. This organization's primary goal is to facilitate independent living for this specific demographic, aligning with the guidelines set by the HUD. Their activities are focused on operating and managing low-rent housing facilities, ensuring these individuals have access to suitable living arrangements.
Official website here: www.verdevalleymanor.com
Who is the CEO of Verde Valley Manor Retirement Center Inc?
Christine French is the Executive Director of Verde Valley Manor Retirement Center Inc.
Official website here: www.verdevalleymanor.com
What is the revenue of Verde Valley Manor Retirement Center Inc?
Verde Valley Manor Retirement Center Inc's revenue in 2022 was $1,802,156.
Official website here: www.verdevalleymanor.com
Who are the executives of Verde Valley Manor Retirement Center Inc and what are their salaries?
The average compensation at Verde Valley Manor Retirement Center Inc during 2022 was $63,000. There are 8 employees and 5 volunteers at Verde Valley Manor Retirement Center 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
- Compensation: $106,411
- Related: $0
- Other: $28,013
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.verdevalleymanor.com
Where can I find the form 990 for Verde Valley Manor Retirement Center Inc?
Verde Valley Manor Retirement Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.verdevalleymanor.com
Learn more at the official website: www.verdevalleymanor.com
Mission Statement of Verde Valley Manor Retirement Center Inc
Verde Valley Manor Retirement Center Inc is committed to providing affordable living solutions for low-income seniors and individuals with disabilities, enabling them to live independently. The nonprofit organization's mission is centered around operating low-rent housing and associated facilities, following guidelines set by the U.S. Department of Housing and Urban Development (HUD). By doing so, Verde Valley Manor Retirement Center Inc aims to make independent living more accessible for this specific group of individuals, ensuring they can maintain their autonomy and dignity.
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Impact
July, 2024
The impact of Verde Valley Manor Retirement Center Inc is vital in addressing the housing needs of low-income seniors and individuals with disabilities in Cottonwood, AZ. By providing affordable rental housing and related facilities, the organization plays a crucial role in assisting this vulnerable population access independent living. Through their mission of low-income housing, Verde Valley Manor Retirement Center Inc helps create a supportive and stable environment for those who qualify under HUD guidelines, contributing significantly to improving the quality of life for senior citizens and individuals with disabilities in the community.
This information is meant to be a general summary of Verde Valley Manor Retirement Center 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: $99
- Program Service Revenue: $851,393
- Gross Receipts: $1,823,441
Assets and Liabilities:
- Total Assets: $4,479,312
- Total Liabilities: $4,523,634
- Net Assets: -$44,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$851,393
Organization Details
Founding Year
1976
Phone
(928) 646-6040Principal Officer
Christine French
Main Address
3400 E GODARD ROAD, COTTONWOOD, AZ, 853265102
Website
www.verdevalleymanor.comNTEE Category
Code: L22 - Housing
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