Overview
What is Samaritan Village Inc?
Samaritan Village Inc, located in Corvallis, Oregon, is a nonprofit organization committed to assisting low-income elderly individuals. They achieve this mission by providing them with essential housing and meals, leveraging funding from the U.S. Department of Housing and Urban Development (HUD) and rental subsidies. Their work focuses on enhancing the quality of life for this vulnerable population, ensuring they have a place to call home and access to nutritious meals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating. This rating indicates a moderate level of accountability and financial health for Samaritan Village Inc. The organization has excelled in several key areas, particularly in maintaining a fully independent board and demonstrating robust financial oversight, achieving a perfect score in several accountability metrics.
The strengths of Samaritan Village include a high program expense ratio, with 99.57% of its spending allocated to programs, which suggests a strong commitment to its mission and effective use of resources. The organization has also shown no diversion of assets, reflecting transparency and ethical governance practices. Moreover, it has well-documented policies regarding conflict of interest and records retention, which contribute to its overall accountability.
However, the organization displays a concerning liability to assets ratio of 115.30%, which indicates that its liabilities exceed its assets. This situation may raise questions about financial stability and long-term sustainability. While the charity demonstrates strong governance and a commitment to programmatic spending, potential donors should consider this financial aspect when assessing the organization's overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Samaritan Village Inc legitimate?
Samaritan Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samaritan Village 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: $181,456
For more financial information, click here
What is the mission statement of Samaritan Village Inc?
Samaritan Village Inc's mission is centered around providing essential support for low-income elderly individuals. They achieve this by leveraging HUD financing and rental assistance programs. Their primary objectives include offering housing and nutritious meals to this specific demographic. By doing so, they aim to enhance their living conditions and contribute to their overall well-being. The organization's mission is crucial in ensuring that elderly individuals in need have access to essential resources, thereby improving their quality of life.
Who is the CEO of Samaritan Village Inc?
Joe Heaney is the Board Member of Samaritan Village Inc.
What is the revenue of Samaritan Village Inc?
Samaritan Village Inc's revenue in 2022 was $984,892.
Who are the executives of Samaritan Village Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Samaritan Village Inc?
Samaritan Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Samaritan Village Inc
Samaritan Village Inc, a nonprofit organization, is dedicated to serving the needs of low-income elderly individuals. Their mission is centered around providing suitable housing and nutritious meals for this demographic. They accomplish this by leveraging funding from the HUD (Department of Housing and Urban Development) and rental assistance programs. This means they can offer affordable living spaces and ensure their residents have access to essential meals, making a significant difference in the lives of the elderly population they serve.
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Impact
July, 2024
Samaritan Village Inc's impact can be seen in the lives of low-income elderly individuals in Corvallis, Oregon. By providing housing and meals through HUD financing and rental assistance, this organization addresses a crucial need for this vulnerable population. Through their efforts, Samaritan Village Inc contributes to enhancing the quality of life and ensuring the well-being of low-income elderly individuals in the community. Their work helps to create a sense of security, stability, and support for those in need.
This information is meant to be a general summary of Samaritan Village 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: $495
- Program Service Revenue: $984,397
- Gross Receipts: $984,892
Assets and Liabilities:
- Total Assets: $1,961,969
- Total Liabilities: $2,261,758
- Net Assets: -$299,789
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$369,339
Rental Subsidies - HUD
Revenue
$445,160
Food ServiceOther Serv
Revenue
$148,943
LaundryDamagesFees
Revenue
$20,955
Organization Details
Founding Year
1967
Principal Officer
Joe Heaney
Main Address
285 NW 35th Street, Corvallis, OR, 97330
NTEE Category
Code: L21Z - Housing
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