Overview
What is Orinda Senior Village Inc?
Orinda Senior Village Inc is a nonprofit organization based in Orinda, California, specifically at 20 Irwin Way. Established under Section 202 of the National Housing Act, its primary mission is to provide affordable housing for low-income elderly and handicapped individuals. The organization operates a 150-unit apartment complex that adheres to HUD regulations regarding rental charges and operational methods. The mission of Orinda Senior Village Inc extends beyond just providing a place to live, as it is committed to meeting the physical, social, and psychological needs of its residents, thereby contributing to their overall well-being and happiness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating
Orinda Senior Village Inc has received a Two-Star rating from Charity Navigator, indicating some areas of concern regarding its financial practices and transparency. The organization's Accountability & Finance score of 71 suggests that while it has strengths, notably a fully independent board and effective audit oversight, there are significant gaps in its compliance with financial transparency standards.
One of the organization's notable strengths is its high program expense ratio of 99.55%, indicating that the vast majority of its expenses are directed towards its programs rather than administrative costs. However, the organization has been criticized for missing key disclosures on its website, such as tax forms, conflict of interest policies, and whistleblower protections, which could impact stakeholder trust.
Additionally, the organization has a concerning liabilities to assets ratio of 100.91%, which raises flags about its financial health. Addressing these issues could improve its rating and overall organizational effectiveness, ensuring that it can better serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Orinda Senior Village Inc legitimate?
Orinda Senior Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orinda Senior 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: $727,094
For more financial information, click here
What is the mission statement of Orinda Senior Village Inc?
Orinda Senior Village Inc's mission is centered around providing housing and necessary facilities for the elderly. This mission aims to cater to the physical, social, and psychological needs of the elderly, enhancing their health, security, happiness, and overall usefulness in their extended living. The corporation's objective is to contribute positively to the well-being of the elderly, ensuring they live with dignity and comfort. This is achieved through the operation of a 150-unit apartment complex, which is specifically designed for low-income elderly and disabled individuals, as regulated by HUD.
Who is the CEO of Orinda Senior Village Inc?
Victoria Smith is the Secretary of Orinda Senior Village Inc.
What is the revenue of Orinda Senior Village Inc?
Orinda Senior Village Inc's revenue in 2023 was $4,311,758.
Who are the executives of Orinda Senior Village Inc and what are their salaries?
There 9 volunteers at Orinda Senior Village Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Orinda Senior Village Inc?
Orinda Senior Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Orinda Senior Village Inc
Orinda Senior Village Inc, as a nonprofit organization, is dedicated to providing suitable housing and facilities for the elderly, catering to their physical, social, and psychological needs. The corporation's mission is to create an environment that contributes to the health, security, happiness, and overall well-being of the elderly residents. Orinda Senior Village Inc aims to operate a 150-unit apartment complex, specifically designed for low-income elderly and disabled individuals. This project falls under Section 202 of the National Housing Act and is regulated by the Department of Housing and Urban Development (HUD), ensuring affordable rental charges and operating methods. The primary objective of Orinda Senior Village Inc is to enhance the living experience for the elderly, fostering their long-term happiness and independence.
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Impact
July, 2024
Orinda Senior Village Inc's impact lies in providing essential housing and support services to low-income elderly and handicapped individuals in Orinda, CA. By offering 150 units under Section 8/Section 202 of the National Housing Act, this organization plays a vital role in ensuring the well-being and security of vulnerable members of the community. Through their mission to meet the physical, social, and psychological needs of the elderly, Orinda Senior Village Inc contributes to promoting health, happiness, and usefulness in longer living for its residents.
This information is meant to be a general summary of Orinda Senior 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 2023.
- Investment Income: $255,620
- Program Service Revenue: $718,628
- Gross Receipts: $7,392,463
Assets and Liabilities:
- Total Assets: $33,931,591
- Total Liabilities: $34,241,606
- Net Assets: -$310,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$691,230
MISC TENANT CHARGES
Revenue
$21,400
LAUNDRY INCOME
Revenue
$5,433
MISC REVENUE
Revenue
$565
Organization Details
Founding Year
1980
Phone
(925) 627-7000Principal Officer
Victoria Smith
Main Address
20 IRWIN WAY, ORINDA, CA, 94563
NTEE Category
Code: L22Z - Housing
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