Overview
What is Visalia Senior Housing Ii Inc?
Visalia Senior Housing II Inc., operating under the name Oak Meadows, is a nonprofit organization based in Walnut Creek, California. Their primary mission is to provide housing solutions for low-income elderly individuals, in line with Section 202 of the National Housing Act. Under an agreement with the Department of Housing and Urban Development (HUD), they offer shelter and accommodations, contributing to the well-being of this specific demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. The overall rating reflects a moderate level of accountability and transparency for Visalia Senior Housing II Inc. While the organization demonstrates strong governance practices, such as having a fully independent board and effective oversight of financial statements, it has room for improvement in critical areas related to policy documentation.
The nonprofit excels in its financial program expense ratio, with 91.23% of its expenses going directly to programs, indicating a strong focus on its mission. However, the organization is lacking important policies such as a whistleblower policy and document retention and destruction policy, which may raise concerns regarding its governance practices. Additionally, the liabilities to assets ratio is notably high at 161.96%, suggesting potential financial stability issues.
Overall, while Visalia Senior Housing II Inc shows a strong commitment to its mission and effective financial management, it faces significant challenges in governance transparency and financial health. Addressing these limitations could enhance its ratings and improve stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Visalia Senior Housing Ii Inc legitimate?
Visalia Senior Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visalia Senior Housing Ii 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $101,995
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What is the mission statement of Visalia Senior Housing Ii Inc?
Visalia Senior Housing II Inc. is committed to providing housing for low-income elderly individuals, operating under Section 202 of the National Housing Act. In collaboration with the Department of Housing and Urban Development, this organization ensures that elderly individuals in need have access to suitable housing accommodations. The primary goal of Visalia Senior Housing II Inc. is to contribute to the well-being of this vulnerable population by offering them a secure living environment.
Who is the CEO of Visalia Senior Housing Ii Inc?
Cynthia Alvarez is the Director of Visalia Senior Housing Ii Inc.
What is the revenue of Visalia Senior Housing Ii Inc?
Visalia Senior Housing Ii Inc's revenue in 2023 was $623,410.
Who are the executives of Visalia Senior Housing Ii Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Visalia Senior Housing Ii Inc?
Visalia Senior Housing Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Visalia Senior Housing Ii Inc
Visalia Senior Housing II Inc, as a nonprofit organization, is dedicated to providing housing solutions for low-income elderly individuals. This mission is carried out under the agreement with the Department of Housing and Urban Development (HUD), in accordance with Section 202 of the National Housing Act. The organization's primary goal is to create a living environment that caters to the needs of this specific demographic, ensuring they have access to safe and affordable housing. By doing so, Visalia Senior Housing II Inc contributes to enhancing the quality of life for the elderly population, providing them with a secure and comfortable living space.
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Impact
July, 2024
Visalia Senior Housing II Inc provides essential housing to low-income elderly persons under Section 202 of the National Housing Act through an agreement with the Department of Housing and Urban Development (HUD). By offering affordable and safe housing options to this vulnerable population, Visalia Senior Housing II Inc positively impacts the lives of elderly individuals in need. This organization plays a crucial role in addressing housing insecurity and improving the quality of life for low-income seniors in Walnut Creek, California.
This information is meant to be a general summary of Visalia Senior Housing Ii 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: $1,443
- Program Service Revenue: $621,967
- Gross Receipts: $623,410
Assets and Liabilities:
- Total Assets: $3,911,809
- Total Liabilities: $6,335,718
- Net Assets: -$2,423,909
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO ELDERLY
Revenue
$621,967
Organization Details
Founding Year
2000
Phone
(510) 632-6712Principal Officer
Cynthia Alvarez
Main Address
1855 OLYMPIC BLVD SUITE 300, WALNUT CREEK, CA, 94596
NTEE Category
Code: L21 - Housing
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