Overview
What is Village East Senior Housing Association?
Village East Senior Housing Association is a nonprofit organization committed to providing housing for low-income elderly individuals. They operate a 39-unit building, adhering to the HUD Section 202 guidelines, with 38 units specifically designated for this demographic. Qualifying tenants can benefit from HUD rent subsidies, ensuring affordable living conditions. The association's mission revolves around offering a safe and supportive environment for this underserved group, promoting their well-being and maintaining their independence.
Official website here: www.evha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Village East Senior Housing Association has achieved an 85% score from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts a fully independent board, with 100% of its members being independent, which enhances its governance. With a material diversion of assets score of 10 out of 10, the organization demonstrates strong integrity in handling its resources.
The financial metrics of Village East are commendable, as evidenced by an impressive program expense ratio of 89.63%. This suggests that a significant portion of its funds is directed towards its mission-related activities, reflecting a commitment to serving its community effectively. Additionally, the low liabilities to assets ratio of 2.89% indicates a strong financial position with minimal debt.
While the overall ratings reflect positively on the organization, it is essential for potential donors and stakeholders to continue to monitor its performance and operations. The presence of various listed policies such as conflict of interest and whistleblower protection reinforces the organization’s commitment to transparency and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Village East Senior Housing Association legitimate?
Village East Senior Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village East Senior Housing Association 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: $116,568
For more financial information, click here
Official website here: www.evha.org
What is the mission statement of Village East Senior Housing Association?
The Village East Senior Housing Association's primary mission is focused on providing housing opportunities for low-income elderly individuals. They accomplish this by managing a 39-unit HUD Section 202 apartment building, with 38 units specifically designed for this demographic. Residents of this housing complex are eligible for HUD rent subsidies, ensuring affordable living conditions for them. The organization's purpose is to contribute to the well-being of this vulnerable population by providing them with a secure and affordable place to call home.
Official website here: www.evha.org
Who is the CEO of Village East Senior Housing Association?
Carol Wheeler is the Executive Director of Village East Senior Housing Association.
Official website here: www.evha.org
What is the revenue of Village East Senior Housing Association?
Village East Senior Housing Association's revenue in 2022 was $542,132.
Official website here: www.evha.org
Who are the executives of Village East Senior Housing Association and what are their salaries?
There 6 volunteers at Village East Senior Housing Association.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $255,737
- Other: $47,331
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.evha.org
Where can I find the form 990 for Village East Senior Housing Association?
Village East Senior Housing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.evha.org
Learn more at the official website: www.evha.org
Mission Statement of Village East Senior Housing Association
The Village East Senior Housing Association, as its name suggests, is dedicated to providing housing solutions for low-income elderly individuals. This nonprofit organization achieves this mission by operating a 39-unit apartment building, funded by the HUD Section 202 program. Significantly, 38 of these units are specifically allocated for low-income elderly residents. Tenants eligible for these units can also benefit from HUD rent subsidies, making housing more affordable for them. In essence, the Village East Senior Housing Association is committed to enhancing the living conditions of low-income elderly individuals by offering them affordable and subsidized housing options.
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Impact
July, 2024
Village East Senior Housing Association's impact is evident through its provision of affordable housing for low income elderly residents in Everett, WA. By operating a 39 unit HUD Section 202 apartment building with 38 units specifically reserved for this demographic, the association plays a crucial role in ensuring that older individuals have access to safe and affordable housing options. Through the availability of HUD rent subsidies, Village East Senior Housing Association enables elderly tenants to maintain stable living arrangements and enjoy a better quality of life in their later years.
This information is meant to be a general summary of Village East Senior Housing Association. 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: $237
- Program Service Revenue: $165,737
- Gross Receipts: $542,132
Assets and Liabilities:
- Total Assets: $1,816,785
- Total Liabilities: $52,514
- Net Assets: $1,764,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & RELATED
Revenue
$165,737
Organization Details
Founding Year
1996
Phone
(425) 303-1101Principal Officer
Carol Wheeler
Main Address
3107 COLBY AVENUE, EVERETT, WA, 98201
Website
www.evha.orgNTEE Category
Code: L22Z - Housing
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