Overview
What is Virginia Lane Housing Inc?
Virginia Lane Housing Inc is a nonprofit organization established to serve as the managing general partner of Virginia Lane, LP. Their primary mission is to own and operate a low-income housing project, with the aim of providing affordable living spaces for individuals with limited financial resources. The organization's activities are focused on managing this housing project, ensuring that it remains a viable and affordable option for those in need.
Official website here: www.edenhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
Virginia Lane Housing Inc has received a low score of 57% from Charity Navigator, resulting in a One-Star rating. This score indicates potential concerns regarding the organization's overall accountability and financial management. While the charity has an independent board with full points for composition and policies, significant issues were noted in other areas, particularly in financial health indicators.
The organization demonstrates a strong commitment to governance, as evidenced by full marks in areas like conflict of interest and whistleblower policies. However, the lack of transparency is highlighted by the absence of the tax form on their website, which negatively impacts their overall score. Additionally, the liabilities to assets ratio and program expense ratio received zero points, raising questions about the charity's operational efficiency and financial stability.
In summary, while Virginia Lane Housing Inc shows strengths in its governance structure, the concerning financial metrics and transparency issues suggest that potential donors should proceed with caution and consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Lane Housing Inc legitimate?
Virginia Lane Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Lane Housing Inc submitted a form 990EZ, 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.
Official website here: www.edenhousing.org
What is the mission statement of Virginia Lane Housing Inc?
Virginia Lane Housing Inc's mission is to act as the managing general partner for Virginia Lane, LP, a company that owns and operates a housing project. Their primary goal is to provide affordable living accommodations for individuals with low income. By overseeing this project, they aim to contribute to the availability of affordable housing, thereby addressing the housing needs of a significant portion of the population.
Official website here: www.edenhousing.org
Who is the CEO of Virginia Lane Housing Inc?
Unavailable
Official website here: www.edenhousing.org
What is the revenue of Virginia Lane Housing Inc?
Virginia Lane Housing Inc's revenue in 2022 was $355.
Official website here: www.edenhousing.org
Who are the executives of Virginia Lane Housing Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.edenhousing.org
Where can I find the form 990EZ for Virginia Lane Housing Inc?
Virginia Lane Housing Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.edenhousing.org
Learn more at the official website: www.edenhousing.org
Mission Statement of Virginia Lane Housing Inc
Virginia Lane Housing Inc, as the managing general partner of Virginia Lane, LP, is dedicated to providing affordable low-income housing. Their mission is centered around operating a housing project that caters to individuals with limited financial resources. By serving as the manager, Virginia Lane Housing Inc ensures the availability of reasonably priced dwellings, contributing to the well-being of the community and addressing the housing needs of those in need.
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Impact
October, 2024
Virginia Lane Housing Inc has a significant impact on the community by providing affordable low-income housing in Hayward, California. As the managing general partner of Virginia Lane, LP, the organization plays a crucial role in the ownership and operation of a housing project specifically designed to meet the needs of low-income residents. This initiative not only addresses the pressing issue of housing affordability but also fosters stability and improved quality of life for families and individuals who might otherwise struggle to secure safe and suitable accommodations. By focusing on affordable living solutions, Virginia Lane Housing Inc helps to alleviate the challenges associated with housing insecurity, contributing positively to the overall well-being of the community it serves.
This information is meant to be a general summary of Virginia Lane Housing 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.
- Gross Receipts: $355
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $1,650
- Net Assets: -$1,650
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Organization Details
Phone
(510) 582-1460Main Address
22645 GRAND STREET, HAYWARD, CA, 94541
Website
www.edenhousing.orgNTEE Category
Code: L20 - Housing
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