Overview
What is Toby House Vi Inc?
Toby House Vi Inc, based in Phoenix, Arizona, is a dedicated nonprofit organization. Their primary mission is to offer residential housing facilities and services for individuals with low income and disabilities. The organization operates a project consisting of twenty-two apartment units, providing a supportive living environment for this specific community within the Phoenix area. The goal is to enhance the quality of life for these individuals, ensuring they have a safe and comfortable place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Toby House Vi Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 80%, with its rating based entirely on a single beacon score that emphasizes financial health and governance practices. A notable strength is the presence of a fully independent board, with all nine members meeting independence criteria, contributing to effective oversight.
The charity demonstrates strong financial management, featuring a low liabilities to assets ratio of 40.13%, which indicates a sound financial footing. Additionally, their program expense ratio of 77.94% signifies that a significant majority of their expenditures are directed towards their programs, highlighting their commitment to mission-driven work.
While the overall performance is commendable, the rating reflects the limitations of relying solely on financial metrics for a comprehensive view of the organization's impact. Nonetheless, Toby House Vi Inc's governance structures and financial practices set a positive foundation for its philanthropic endeavors.
This AI summary has been generated from information found on Charity Navigator.
Is Toby House Vi Inc legitimate?
Toby House Vi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toby House Vi 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,716
For more financial information, click here
What is the mission statement of Toby House Vi Inc?
Toby House Vi Inc is an organization with a mission to provide residential housing for individuals with low income and disabilities. More specifically, they focus on serving very low-income disabled individuals. Established with the purpose of offering housing facilities and services, they have a project comprising twenty-two apartment units in an undisclosed location. The organization's primary objective is to ensure that these individuals have access to suitable housing, thereby improving their overall quality of life.
Who is the CEO of Toby House Vi Inc?
Stephen Thompson is the Principal Officer of Toby House Vi Inc. The CEO's salary of Toby House Vi Inc is $0 and their total compensation is $353,637.
What is the revenue of Toby House Vi Inc?
Toby House Vi Inc's revenue in 2022 was $174,799.
Who are the executives of Toby House Vi Inc and what are their salaries?
There 10 volunteers at Toby House Vi Inc.
Here are 12 key members and their salaries (Toby House Vi Inc's CEO's salary is $0 and their total compensation is $353,637):
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- Related: $333,956
- Other: $19,681
- Compensation: $0
- Related: $265,239
- Other: $24,899
Where can I find the form 990 for Toby House Vi Inc?
Toby House Vi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Toby House Vi Inc
Toby House Vi Inc, a nonprofit organization, is dedicated to providing residential housing for individuals who are both low-income and disabled. This mission is carried out with a particular focus on those with very low incomes. The organization operates with a project consisting of twenty-two apartment units, demonstrating its commitment to offering affordable and accessible housing solutions. Toby House Vi Inc is organized with the primary goal of providing housing facilities and services to this specific demographic, aiming to improve their quality of life and contribute to their overall well-being.
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Impact
October, 2024
Toby House Vi Inc significantly impacts the Phoenix community by providing essential residential housing for low-income and disabled individuals. With a mission focused on supporting very low-income disabled individuals, the organization offers a vital resource in the form of twenty-two apartment units specifically designed to meet their needs. This initiative not only addresses housing insecurity but also fosters a sense of community and stability among residents. By ensuring access to safe and affordable living spaces, Toby House Vi Inc plays a crucial role in enhancing the quality of life for some of the most vulnerable members of society in the Phoenix area.
This information is meant to be a general summary of Toby House Vi 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: $4
- Program Service Revenue: $43,957
- Gross Receipts: $174,799
Assets and Liabilities:
- Total Assets: $1,256,758
- Total Liabilities: $504,358
- Net Assets: $752,400
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$43,957
Organization Details
Founding Year
2000
Phone
(602) 265-8338Principal Officer
Stephen Thompson
Main Address
3450 N 3RD ST, PHOENIX, AZ, 85012
NTEE Category
Code: P82 - Human services
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