Overview
What is Villa Garcia Inc?
Villa Garcia Inc, situated in San Jose, California, functions as the general partner for limited partnerships. These partnerships own and manage affordable housing projects, catering to individuals and families with low and moderate incomes. The primary mission of Villa Garcia Inc is to facilitate the development of affordable housing, thereby providing a vital service to those in need. The organization has been actively operating housing facilities for this demographic.
Is Villa Garcia Inc legitimate?
Villa Garcia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Garcia 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: $0
For more financial information, click here
What is the mission statement of Villa Garcia Inc?
Villa Garcia Inc's mission is centered around facilitating the development of affordable housing. The organization serves as a general partner in limited partnerships, which own and operate affordable housing projects for low and moderate-income individuals and families. By doing so, Villa Garcia Inc aims to contribute to providing housing solutions for those who may otherwise struggle to afford it. The organization's activities primarily focus on the ownership and operation of affordable housing projects, thereby addressing the housing needs of the economically disadvantaged.
What is the revenue of Villa Garcia Inc?
Villa Garcia Inc's revenue in 2023 was $701,669.
Who are the executives of Villa Garcia Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $415,956
- Other: $66,209
- Compensation: $0
- Related: $280,329
- Other: $16,541
- Compensation: $0
- Related: $262,017
- Other: $37,901
- Compensation: $0
- Related: $465,270
- Other: $27,877
Where can I find the form 990 for Villa Garcia Inc?
Villa Garcia Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Villa Garcia Inc
Villa Garcia Inc, a prominent organization, is committed to facilitating the development of affordable housing. In pursuit of this mission, the nonprofit serves as the general partner of limited partnerships that own and operate affordable housing projects. These projects cater to individuals and families with low and moderate incomes, providing them with much-needed housing solutions. By playing this role, Villa Garcia Inc contributes significantly to addressing housing affordability challenges, thereby enhancing the living conditions of a substantial number of people.
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Impact
October, 2024
Villa Garcia Inc plays a crucial role in addressing the housing needs of low and moderate-income individuals and families in San Jose, California. By managing affordable housing projects through limited partnerships, the organization helps ensure that residents have access to safe and secure living environments. This not only provides immediate shelter but also fosters community stability and well-being. Villa Garcia Inc's commitment to facilitating the development of affordable housing significantly contributes to the overall reduction of homelessness and housing insecurity in the region, making a lasting positive impact on the lives of those it serves.
This information is meant to be a general summary of Villa Garcia 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 2023.
- Investment Income: $1
- Program Service Revenue: $361,688
- Gross Receipts: $701,669
Assets and Liabilities:
- Total Assets: $9,608,559
- Total Liabilities: $10,500
- Net Assets: $9,598,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$235,697
INTEREST - PROGRAM REL
Revenue
$124,966
OTHER INCOME
Revenue
$1,025
Organization Details
Founding Year
1970
Principal Officer
Preston Prince
NTEE Category
Code: L21 - Housing
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