Overview
What is Central Valley Association Of Realtors Charitable Foundation?
The Central Valley Association of Realtors Charitable Foundation is a nonprofit organization situated in Manteca, California. Its primary mission is to manage funds and property for charitable purposes, extending aid and support to various charitable institutions, associations, and projects. The foundation also donates funds for public welfare or community causes, with a focus on charitable, educational, scientific, or civic objectives. It has been active in the Central Valley of California, contributing to organized charities within the region.
Official website here: www.cvar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Central Valley Association Of Realtors Charitable Foundation has received a low rating of 56%, primarily due to its accountability and finance practices. The score reveals significant concerns, notably the absence of independent board members, which raises questions about governance and oversight. Additionally, the charity lacks essential policies, including conflict of interest and whistleblower protections, which are critical for operational integrity.
Despite these governance issues, the organization demonstrates a strong commitment to its programs, as evidenced by an impressive program expense ratio of 98.92%. This indicates that nearly all of its funds are directed toward its charitable objectives, which is a positive aspect of its operations. Furthermore, there are no reported diversions of assets, suggesting that the charity is managing its resources responsibly in this regard.
However, the missing policies and lack of independent oversight could pose risks to the foundation's long-term sustainability and trustworthiness. For potential donors and stakeholders, it is essential to consider these weaknesses alongside the organization's financial accountability and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Central Valley Association Of Realtors Charitable Foundation legitimate?
Central Valley Association Of Realtors Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Valley Association Of Realtors Charitable Foundation 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.
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For more financial information, click here
Official website here: www.cvar.org
What is the mission statement of Central Valley Association Of Realtors Charitable Foundation?
The Central Valley Association of Realtors Charitable Foundation's mission is centered around managing funds and property for charitable purposes. This includes providing assistance and support to various charitable institutions, associations, and undertakings. The organization also makes donations for the public welfare or community funds, with a focus on charitable, educational, scientific, or civic causes. Their primary objective is to contribute to the betterment of the community and support various charitable endeavors.
Official website here: www.cvar.org
Who is the CEO of Central Valley Association Of Realtors Charitable Foundation?
Gwen Dimarzio is the President of Central Valley Association Of Realtors Charitable Foundation.
Official website here: www.cvar.org
What is the revenue of Central Valley Association Of Realtors Charitable Foundation?
Central Valley Association Of Realtors Charitable Foundation's revenue in 2023 was $207,821.
Official website here: www.cvar.org
Who are the executives of Central Valley Association Of Realtors Charitable Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.cvar.org
Where can I find the form 990 for Central Valley Association Of Realtors Charitable Foundation?
Central Valley Association Of Realtors Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cvar.org
Learn more at the official website: www.cvar.org
Mission Statement of Central Valley Association Of Realtors Charitable Foundation
The Central Valley Association of Realtors Charitable Foundation is dedicated to managing property and funds for charitable and eleemosynary purposes. This mission includes providing assistance and support to various charitable institutions, associations, and undertakings. The foundation's objectives extend beyond this, as it also aims to make donations for public welfare or community funds, with a focus on charitable, educational, scientific, or civic purposes. By doing so, the Central Valley Association of Realtors Charitable Foundation contributes to the betterment of the community and supports various worthy causes.
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Impact
October, 2024
The Central Valley Association of Realtors Charitable Foundation significantly impacts the Central Valley community by managing and distributing funds for various charitable initiatives. Its focus on supporting institutions and efforts that enhance public welfare ensures that donations are directed towards meaningful causes, such as education, civic projects, and emergency assistance. By collaborating with organized charities in the region, the foundation addresses crucial needs within the community, fostering a spirit of philanthropy and enhancing the quality of life for residents. Its commitment to charitable, educational, scientific, and civic purposes strengthens community ties and creates a positive ripple effect across the Central Valley.
This information is meant to be a general summary of Central Valley Association Of Realtors Charitable Foundation. 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: $89
- Gross Receipts: $296,497
Assets and Liabilities:
- Total Assets: $209,433
- Total Liabilities: $0
- Net Assets: $209,433
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Organization Details
Phone
(209) 858-1700Principal Officer
Gwen Dimarzio
Main Address
531 E YOSEMITE AVENUE, MANTECA, CA, 95336
Website
www.cvar.orgNTEE Category
Code: T30 - Philanthropy
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