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Venice Community Housing Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954200761 ✦ Venice, CA ✦ Designated as a 501(c)(3)

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Overview

What is Venice Community Housing Corporation?

Venice Community Housing Corporation (VCHC) is a nonprofit organization located in Venice, California. Their primary focus is on providing affordable and supportive housing for individuals in need, currently managing 252 units across 17 properties. Additionally, VCHC operates 28 short-term housing units for families and transition-aged youth experiencing homelessness. Beyond housing, they offer property management and maintenance services, and actively seek out opportunities for new construction and rehabilitation to expand housing options. VCHC's mission extends beyond housing, addressing social issues through low-income housing development and management. They also provide vital services, such as job training and education for at-risk youth and low-income constituents. The organization is deeply committed to promoting racial and economic justice and advocating for public policies that advance equity and inclusion in communities. Currently, VCHC employs a team of 57 individuals.


Official website here: www.vchcorp.org

What are the reviews and ratings of this charity?

**Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)**

Venice Community Housing Corporation has achieved a solid rating of 85% on Charity Navigator, primarily based on its accountability and finance metrics. The organization demonstrates strong governance with a fully independent board and excellent financial oversight, showing no material diversion of assets. However, the Liabilities to Assets ratio is a notable area of concern, indicating a high level of liabilities relative to its assets.

The organization is recognized for its commitment to transparency, having well-documented policies that include conflict of interest and whistleblower protections. Additionally, a significant portion of its funding comes from government sources and the general public, which underscores its community-focused approach. However, it's important to note that Venice Community Housing Corporation could not be evaluated in terms of impact, community culture, or leadership adaptability at this time, which may limit insights into its overall efficacy.

Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving a gap in the community sentiment analysis for this organization. Overall, Venice Community Housing Corporation presents as a financially accountable and transparent nonprofit, though potential supporters may want to consider the limitations outlined in the rating.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Venice Community Housing Corporation?

100% of 14 reviewers on Facebook recommend Venice Community Housing Corporation. Here is a summary of their reviews:

The nonprofit has garnered strong support from the community, with many expressing gratitude for its impactful role in providing affordable housing in Venice. Reviewers commend the organization for its commitment to assisting those in need, highlighting the positive difference it makes in people's lives.

Overall, the sentiment is overwhelmingly positive, reflecting satisfaction with the services being offered. Many appreciate the efforts of the staff and the organization’s dedication to improving housing accessibility in the area.


This AI summary has been generated from reviews found on Facebook.

Is Venice Community Housing Corporation legitimate?

Venice Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venice Community 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: $110,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,797,055

For more financial information, click here


Official website here: www.vchcorp.org

What is the mission statement of Venice Community Housing Corporation?

The Venice Community Housing Corporation supports and cultivates equitable and inclusive communities by providing affordable housing with supportive services, education, employment programs, and public policy advocacy. Their mission is centered around advancing racial and economic justice. They own and operate 252 units of affordable and supportive housing, providing property management and maintenance services for all properties. Additionally, they strive to preserve and expand housing opportunities through new construction and rehabilitation projects. The organization also offers social services, job training, and education for at-risk youth and low-income constituents. They engage in public policy advocacy to advance their cause.


Official website here: www.vchcorp.org

Who is the CEO of Venice Community Housing Corporation?

Becky Dennison is the Director of Venice Community Housing Corporation.


Official website here: www.vchcorp.org

What is the revenue of Venice Community Housing Corporation?

Venice Community Housing Corporation's revenue in 2022 was $8,403,496.


Official website here: www.vchcorp.org

Who are the executives of Venice Community Housing Corporation and what are their salaries?

The average compensation at Venice Community Housing Corporation during 2022 was $51,007. There are 57 employees and 100 volunteers at Venice Community Housing Corporation.


Here are 26 key members and their salaries:


Sophia Guel-Valenzuela (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Aroth (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Groisman (Co-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Faisal Hussain (Co-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Hwang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Levine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Milliken (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Suhd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Sweetser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha Cheresh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Diaz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonah Katende (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lindley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Madrid (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frances Segura (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michel Dory (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Motique Alston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Zimmerman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becky Dennison (Execuitve Director)
  • Compensation: $104,844
  • Related: $0
  • Other: $5,525
Allison Riley (Sr Dir Hsg Devl)
  • Compensation: $137,991
  • Related: $0
  • Other: $15,221
Erika Lee (Deputy Director)
  • Compensation: $111,194
  • Related: $0
  • Other: $0
Paola Fontana (Senior Director Of Operations)
  • Compensation: $111,489
  • Related: $0
  • Other: $1,735
Katayoon Montazemi (Senior Director Of Asset Management)
  • Compensation: $129,503
  • Related: $0
  • Other: $1,000
Yannis Oliver (Director Of Finance)
  • Compensation: $105,512
  • Related: $0
  • Other: $0


Official website here: www.vchcorp.org

Where can I find the form 990 for Venice Community Housing Corporation?

Venice Community Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vchcorp.org

Learn more at the official website: www.vchcorp.org

Mission Statement of Venice Community Housing Corporation

Venice Community Housing Corporation (VCHC) is dedicated to fostering equitable and inclusive communities by providing affordable housing with supportive services, education, employment programs, and public policy advocacy that promotes racial and economic justice. The organization supports this mission by owning and operating 252 units of affordable and supportive housing in 17 properties, as well as managing an additional 28 units of short-term housing for families and transition-aged youth experiencing homelessness. VCHC strives to preserve and expand housing opportunities through new construction and rehabilitation projects. The corporation also offers property management and maintenance services for all properties and is actively engaged in advocating for public policies that advance social justice.

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Impact




July, 2024

Venice Community Housing Corporation's impact is seen through their provision of affordable housing with supportive services, education, and employment programs. They currently own and operate 252 units of affordable and supportive housing in 17 properties, along with an additional 28 units of short-term housing for families and transition-aged youth experiencing homelessness. By offering property management and maintenance services for all properties, as well as working towards preserving and expanding housing opportunities through construction and rehabilitation projects, VCHC plays a crucial role in supporting and building equitable and inclusive communities. Their mission to advance racial and economic justice is reflected in their commitment to providing low-income constituents with not just housing, but also social services, job training, and education opportunities.




This information is meant to be a general summary of Venice Community 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.

Revenue
$8,403,496 (2022)
Expenses
$8,430,196 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20,491
  • Program Service Revenue: $1,860,958
  • Gross Receipts: $8,571,770

Assets and Liabilities:

  • Total Assets: $95,071,919
  • Total Liabilities: $84,884,134
  • Net Assets: $10,187,785

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,860,958

Organization Details

Founding Year

1988

Principal Officer

Becky Dennison

Main Address

200 LINCOLN BLVD, VENICE, CA, 90291

NTEE Category

Code: L21Z - Housing

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