Overview
What is Visitacion Valley Affordable Housing Corporation?
Visitacion Valley Affordable Housing Corporation is a nonprofit organization situated in Denver, Colorado. Its primary objective is to manage and oversee entities that create stable, thriving communities by developing, financing, and operating affordable, program-enhanced housing for families, seniors, and individuals with special needs who struggle financially and face challenges in accessing secure housing opportunities. The organization's mission extends to providing housing and supportive services to disadvantaged groups, including low-income families, the elderly, homeless individuals, and those at risk of becoming homeless.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Visitacion Valley Affordable Housing Corporation has received a Three-Star rating, reflecting its solid performance in accountability and finance. The rating indicates that the organization has a strong commitment to transparency and responsible financial management, with no material diversion of assets reported. Its metrics show a high program expense ratio of 90.53%, suggesting that a significant portion of its resources is directed towards its mission-related activities.
The organization demonstrates a strong governance structure, as evidenced by its well-documented policies, including conflict of interest and whistleblower policies, all of which scored the maximum points in the evaluation. Additionally, the presence of board meeting minutes indicates a commitment to operational transparency. The low liabilities to assets ratio of 2.93% further highlights its sound financial health.
While the overall rating is positive, the charity's single beacon scoring system may limit a more nuanced understanding of its effectiveness in other areas. However, the focus on accountability and finance positions Visitacion Valley Affordable Housing Corporation as a reliable organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Visitacion Valley Affordable Housing Corporation legitimate?
Visitacion Valley Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visitacion Valley Affordable Housing Corporation 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
Official website here: www.mercyhousing.org
What is the mission statement of Visitacion Valley Affordable Housing Corporation?
The Visitacion Valley Affordable Housing Corporation is dedicated to managing or directing entities with the goal of creating stable, vibrant, and healthy communities. They achieve this by developing, financing, and operating affordable, program-enriched housing for families, seniors, and individuals with special needs who struggle to access quality, safe housing opportunities due to financial constraints. The corporation's mission is to cater to low-income families, elderly, handicapped, homeless, potentially homeless, or otherwise disadvantaged persons, aiming to provide them with a conducive living environment.
Official website here: www.mercyhousing.org
Who is the CEO of Visitacion Valley Affordable Housing Corporation?
Doug Shoemaker is the President/Director of Visitacion Valley Affordable Housing Corporation.
Official website here: www.mercyhousing.org
What is the revenue of Visitacion Valley Affordable Housing Corporation?
Visitacion Valley Affordable Housing Corporation's revenue in 2022 was $30,000.
Official website here: www.mercyhousing.org
Who are the executives of Visitacion Valley Affordable Housing Corporation and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $151,225
- Other: $7,573
- Compensation: $0
- Related: $304,832
- Other: $28,064
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $157,372
- Other: $10,314
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $256,515
- Other: $45,801
- Compensation: $0
- Related: $169,136
- Other: $31,795
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $189,462
- Other: $7,937
- Compensation: $0
- Related: $198,100
- Other: $21,341
- Compensation: $0
- Related: $143,251
- Other: $38,467
- Compensation: $0
- Related: $164,838
- Other: $15,948
- Compensation: $0
- Related: $161,460
- Other: $35,386
Official website here: www.mercyhousing.org
Where can I find the form 990 for Visitacion Valley Affordable Housing Corporation?
Visitacion Valley Affordable Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of Visitacion Valley Affordable Housing Corporation
Visitacion Valley Affordable Housing Corporation's mission is centered around creating sustainable, thriving communities by developing, financing, and managing affordable housing opportunities for families, seniors, and individuals with special needs. This nonprofit organization aims to provide housing solutions for those who lack the economic resources to secure safe and quality living spaces. By managing entities focused on this mission, Visitacion Valley Affordable Housing Corporation seeks to establish stable and vibrant communities, where those who are economically disadvantaged can live comfortably and have access to essential services.
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Impact
October, 2024
Visitacion Valley Affordable Housing Corporation significantly enhances the quality of life for low-income families, seniors, and individuals with special needs in Denver, Colorado. By developing and managing affordable housing, the organization creates stable and vibrant communities that foster a sense of belonging and security.
The impact is profound, as it not only provides essential housing solutions but also offers supportive services tailored to the unique needs of disadvantaged individuals, including the elderly and the homeless. This holistic approach helps residents navigate challenges and empowers them to achieve greater stability and independence.
Furthermore, the Corporation plays an instrumental role in addressing the affordable housing crisis, ensuring that those with limited economic resources have access to safe, quality living environments. Through its mission, it contributes to building healthier communities where everyone has the opportunity to thrive, ultimately promoting social equity and dignity for those it serves.
This information is meant to be a general summary of Visitacion Valley Affordable Housing Corporation. 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.
- Program Service Revenue: $30,000
- Gross Receipts: $30,000
Assets and Liabilities:
- Total Assets: $3,145,357
- Total Liabilities: $92,375
- Net Assets: $3,052,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP MANAGEMENT FEES
Revenue
$30,000
Organization Details
Founding Year
1997
Phone
(303) 830-3300Principal Officer
Doug Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L20Z - Housing
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