Overview
What is Centennial Village Corporation?
Centennial Village Corporation is a nonprofit organization situated in Mesa, Arizona, specifically at 130 West Brown, ZIP code 85201. Their primary mission, as stated in their Articles of Incorporation, is to offer a secure, comfortable, and budget-friendly living space for senior adults aged 62 and above. This mission is achieved through funding received from a contract with the U.S. Department of Housing and Urban Development (HUD). The organization's nonprofit status and support from these federal housing contracts enable it to exclusively focus on providing housing for low-income senior citizens, with all Section 8 income being dedicated to this program. With a team of nine dedicated individuals, Centennial Village Corporation is committed to enhancing the lives of older adults in its community.
Official website here: www.centennialvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Centennial Village Corporation has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score reflects a strong emphasis on financial integrity, with the organization earning full points in several key areas, including audits, conflict of interest policies, and whistleblower protections.
The organization has demonstrated a commitment to transparency and responsible financial management, as evidenced by its outstanding program expense ratio of 100%. This suggests that all of its expenditures are directed toward its programs, reinforcing its mission-driven focus. Additionally, the absence of any material diversion of assets and a low liabilities-to-assets ratio further enhance its financial stability.
However, the rating is based solely on the accountability and finance metrics, which means there are no scores available for other aspects such as impact or effectiveness. While the financial practices are commendable, potential donors and stakeholders may want to look for more information regarding the organization's overall impact and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Centennial Village Corporation legitimate?
Centennial Village Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centennial Village 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: $461,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,454
For more financial information, click here
Official website here: www.centennialvillage.org
What is the mission statement of Centennial Village Corporation?
Centennial Village Corporation's mission, as outlined in its Articles of Incorporation, is primarily focused on providing a secure, cozy, and economical housing environment for elderly adults aged 62 and above. This mission is achieved with the aid of funding secured through a contract with HUD. The organization's nonprofit status and reliance on federal housing contracts enable it to solely dedicate its resources towards catering to the housing needs of low-income senior citizens.
Official website here: www.centennialvillage.org
Who is the CEO of Centennial Village Corporation?
Matt Cheney is the Vice-President of Centennial Village Corporation. The CEO's salary of Centennial Village Corporation is $217,086 and their total compensation is $217,086.
Official website here: www.centennialvillage.org
What is the revenue of Centennial Village Corporation?
Centennial Village Corporation's revenue in 2022 was $2,081,927.
Official website here: www.centennialvillage.org
Who are the executives of Centennial Village Corporation and what are their salaries?
The average compensation at Centennial Village Corporation during 2022 was $73,307. There are 9 employees at Centennial Village Corporation.
Here are 4 key members and their salaries (Centennial Village Corporation's CEO's salary is $217,086 and their total compensation is $217,086):
- Compensation: $244,227
- Related: $0
- Other: $0
- Compensation: $217,086
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.centennialvillage.org
Where can I find the form 990 for Centennial Village Corporation?
Centennial Village Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centennialvillage.org
Learn more at the official website: www.centennialvillage.org
Mission Statement of Centennial Village Corporation
Centennial Village Corporation, a nonprofit organization, is committed to providing a secure, cozy, and financially accessible living space for senior adults, aged 62 and above. This mission is facilitated through a contract with the HUD, ensuring the organization can dedicate all its Section 8 income to this singular purpose. The corporation's primary goal is to cater to the housing needs of low-income seniors, offering them a safe and comfortable environment.
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Impact
July, 2024
Centennial Village Corporation's impact is focused on providing a safe, comfortable, and affordable apartment community for senior adults, aged 62 and older in Mesa, AZ. By leveraging funding through a contract with HUD and its nonprofit status, the organization is dedicated to fulfilling its mission of offering housing for low-income seniors. This singular focus has enabled Centennial Village Corporation to make a significant difference in the lives of senior citizens by providing them with a secure and affordable place to call home.
This information is meant to be a general summary of Centennial Village 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.
- Investment Income: $4,548
- Program Service Revenue: $2,077,379
- Gross Receipts: $2,081,927
Assets and Liabilities:
- Total Assets: $3,132,854
- Total Liabilities: $97,093
- Net Assets: $3,035,761
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Govt fees & contract
Revenue
$1,396,105
Tenant rents
Revenue
$653,519
Special claims
Revenue
$15,280
Coin op revenue
Revenue
$6,430
Tenant charges
Revenue
$1,402
Organization Details
Founding Year
1978
Principal Officer
Matt Cheney
Main Address
130 West Brown, Mesa, AZ, 85201
Website
www.centennialvillage.orgNTEE Category
Code: L22 - Housing
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