Overview
What is Village Enterprises?
Village Enterprises is a nonprofit organization dedicated to providing affordable assisted and independent living housing for seniors in the Portland metropolitan area. With a focus on reducing government burden, the organization has developed and successfully operated three residential care facilities, housing over 250 seniors. The facilities offer various units catering to different needs, including Alzheimer's units, assisted living units, and independent living units. Village Enterprises' mission is to meet the physical, social, and psychological needs of the elderly, providing compassionate and professional care on a non-profit basis. By doing so, they counteract community deterioration and lessen the burden on government by providing much-needed affordable housing, Alzheimer's care, and social services to the elderly.
What are the reviews and ratings of this charity?
**Village Enterprises - Charity Navigator Rating: 1 Star (56%)**
Village Enterprises has received a poor rating from Charity Navigator, which highlights significant concerns regarding its accountability and financial practices. Its score is solely based on financial metrics, and the organization earned a low score due to the absence of required financial statements and policies necessary for transparency. While it has a fully independent board, many other critical governance elements are lacking, which raises questions about its operational effectiveness.
Despite the financial concerns, the organization demonstrates strong program expense ratios, indicating that a substantial portion of its resources is directed towards its mission. However, the absence of proper documentation and reporting standards undermines trust and could limit potential donor confidence in their operations. Furthermore, its lack of scoring in leadership, adaptability, culture, and impact further suggests areas for improvement that could be vital for its future effectiveness.
User reviews from GreatNonprofits could not be retrieved, so sentiments from direct beneficiaries or community members are not represented here. Overall, potential supporters should carefully consider these limitations and seek additional information before contributing to Village Enterprises.
This AI summary has been generated from information found on Charity Navigator.
Is Village Enterprises legitimate?
Village Enterprises is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Enterprises 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: $4,224,401
For more financial information, click here
What is the mission statement of Village Enterprises?
Village Enterprises is committed to honoring and respecting the elderly, regardless of their financial or physical condition. As a nonprofit organization, it provides compassionate and professional care to over 250 seniors through three facilities. The primary mission of Village Enterprises is to meet the physical, social, and psychological needs of the elderly by offering assisted care housing and related facilities on a non-profit basis. By developing, constructing, and operating such housing, Village Enterprises combats community deterioration. It lessens the burdens of government by providing affordable housing, Alzheimer's care, and social services to the elderly. The organization collaborates with other public and private entities to address the health and housing needs of low-income seniors, aiming to lessen neighborhood tensions.
Who is the CEO of Village Enterprises?
Michael Maslowsky is the President of Village Enterprises.
What is the revenue of Village Enterprises?
Village Enterprises's revenue in 2021 was $9,652,880.
Who are the executives of Village Enterprises and what are their salaries?
There 7 volunteers at Village Enterprises.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Village Enterprises?
Village Enterprises's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Village Enterprises
Village Enterprises is a nonprofit organization dedicated to honoring and respecting the elderly, regardless of their financial or physical condition. Its primary mission is to address the physical, social, and psychological needs of the elderly by providing assisted care housing and related facilities on a non-profit basis. By developing, constructing, and operating such housing, Village Enterprises combats community deterioration. It lessens the burdens of government by providing affordable housing, Alzheimer's care, and social services to the elderly. Furthermore, the nonprofit works with other public and private entities to lessen neighborhood tensions and address the health and housing needs of low-income seniors in the surrounding area.
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Impact
July, 2024
Village Enterprises provides compassionate and professional care to over 250 seniors through its three residential care facilities in Portland. These facilities offer a range of housing options, including assisted living, independent living, and Alzheimer's care units. By addressing the physical, social, and psychological needs of the elderly on a nonprofit basis, Village Enterprises plays a crucial role in combating community deterioration and providing much-needed affordable housing and social services to seniors. Additionally, the organization works collaboratively with public and private entities to address neighborhood tensions and support the health and housing needs of low-income seniors in the Portland area.
This information is meant to be a general summary of Village Enterprises. 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 2021.
- Investment Income: $2,923
- Program Service Revenue: $8,466,711
- Gross Receipts: $9,652,880
Assets and Liabilities:
- Total Assets: $12,295,539
- Total Liabilities: $22,861,630
- Net Assets: -$10,566,091
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE REVENUES
Revenue
$5,993,674
TENANT RENTALS
Revenue
$2,466,501
FEES AND OTHER INCOME
Revenue
$6,536
Organization Details
Founding Year
1997
Phone
(503) 245-7932Principal Officer
Michael Maslowsky
Main Address
PO BOX 83749, PORTLAND, OR, 97203
NTEE Category
Code: L22 - Housing
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