Overview
What is Housing Visions Unlimited Inc?
Housing Visions Unlimited Inc is a New York-based nonprofit organization dedicated to the development and management of affordable housing for 1,403 qualified low-income tenant families. Their scattered site multi-family buildings, which are not always in close proximity to each other, require strict compliance adherence. The mission of Housing Visions Unlimited transcends housing, aspiring to be a catalyst for sustainable, positive change in neighborhoods through collaborative real estate development. With a team of nine employees, they provide housing solutions for families, contributing significantly to their local community.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94% (Four-Star out of Four Stars)
Housing Visions Unlimited Inc has demonstrated a strong commitment to accountability and financial transparency, earning a Four-Star rating from Charity Navigator. The organization scored 94% overall, indicating a solid performance particularly in the Accountability & Finance category, which comprises 100% of its evaluation. This high rating reflects sound governance and responsible resource management, critical for trust in nonprofit operations.
The nonprofit's board is composed entirely of independent members, which enhances its governance structure. This is complemented by robust policies like conflict of interest and whistleblower protections, as well as thorough documentation practices. Additionally, there has been no reported material diversion of assets, underscoring the organization’s integrity and dedication to its mission.
Financially, Housing Visions Unlimited Inc shows a favorable liabilities to assets ratio of 50.44%, signifying prudent financial health. Moreover, with a program expense ratio of 92.91%, the organization prioritizes its programmatic spending effectively, ensuring that the majority of funds are directed towards its initiatives rather than administrative costs. Overall, while the organization exhibits strong financial management, the data does not highlight specific program outcomes or community impact directly, which could provide further insight into its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Visions Unlimited Inc legitimate?
Housing Visions Unlimited Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Visions Unlimited 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: $3,309,485
For more financial information, click here
What is the mission statement of Housing Visions Unlimited Inc?
Housing Visions Unlimited Inc is dedicated to initiating lasting, positive change in communities through real estate development and collaborative efforts. Their mission goes beyond just providing affordable housing, as they aim to be a catalyst for sustainable growth. The organization manages rental units for over 1,400 low-income families, distributed among multi-family buildings. These properties adhere to numerous compliance requirements, making management a complex task. The focus is on creating vibrant neighborhoods that foster growth and opportunities for residents.
Who is the CEO of Housing Visions Unlimited Inc?
Benjamin Lockwood is the Board Member of Housing Visions Unlimited Inc. The CEO's salary of Housing Visions Unlimited Inc is $0 and their total compensation is $207,396.
What is the revenue of Housing Visions Unlimited Inc?
Housing Visions Unlimited Inc's revenue in 2022 was $16,572,046.
Who are the executives of Housing Visions Unlimited Inc and what are their salaries?
The average compensation at Housing Visions Unlimited Inc during 2022 was $367,721. There are 9 employees and 25 volunteers at Housing Visions Unlimited Inc.
Here are 19 key members and their salaries (Housing Visions Unlimited Inc's CEO's salary is $0 and their total compensation is $207,396):
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- Other: $29,076
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- Related: $118,785
- Other: $16,950
- Compensation: $0
- Related: $90,409
- Other: $27,981
Where can I find the form 990 for Housing Visions Unlimited Inc?
Housing Visions Unlimited Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Visions Unlimited Inc
Housing Visions Unlimited Inc, a leading organization in real estate development, is dedicated to being the catalyst for sustainable, positive change in neighborhoods. Through their work, they develop and manage affordable housing units for 1,403 qualified low-income tenant families. Their mission goes beyond just providing shelter, as they collaborate with communities to bring about meaningful transformation.
In their quest to make a difference, Housing Visions Unlimited Inc manages scattered site multi-family buildings, ensuring compliance with numerous requirements. These properties, while not always in close proximity to each other, are an essential part of the organization's commitment to improving the lives of families in need. By providing affordable housing options, Housing Visions Unlimited Inc contributes to the overall well-being of communities, fostering stability and promoting growth.
The organization's efforts extend beyond the mere renting and managing of properties. Housing Visions Unlimited Inc is deeply invested in the success of its tenants and the neighborhoods they call home. They are dedicated to creating an environment that supports the development of thriving communities, where families can put down roots and build a better future for themselves and their children.
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Impact
October, 2024
Housing Visions Unlimited Inc significantly impacts the community by developing and managing affordable housing, catering to the needs of 1,403 qualified low-income families. Through its investment in scattered-site multi-family buildings, the organization not only provides stable housing but also enhances neighborhood cohesion by integrating these residences within various communities.
The management of these properties involves adhering to numerous compliance requirements, ensuring that the housing meets high standards for safety and livability. By acting as a catalyst for sustainable change, Housing Visions promotes real estate development that aligns with community needs, fostering collaboration among residents and local stakeholders. This approach not only secures affordable living options but also contributes to the overall vitality and improvement of neighborhoods in Syracuse, NY.
This information is meant to be a general summary of Housing Visions Unlimited 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: $104,463
- Program Service Revenue: $16,301,603
- Gross Receipts: $16,572,215
Assets and Liabilities:
- Total Assets: $52,193,410
- Total Liabilities: $26,328,989
- Net Assets: $25,864,421
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME CONSTRUCTION REVENUE
Revenue
$9,341,574
PROPERTY MANAGEMENT REVENUE
Revenue
$3,866,970
DEVELOPMENT REVENUE
Revenue
$2,211,103
RENTAL REVENUE
Revenue
$881,956
Organization Details
Founding Year
1990
Phone
(315) 472-3820Principal Officer
Benjamin Lockwood
Main Address
1201 EAST FAYETTE STREET 26, SYRACUSE, NY, 13210
NTEE Category
Code: L25 - Housing
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