Overview
What is Harmony Villa Inc?
Harmony Villa Inc, situated in North Hollywood, California, is a nonprofit organization that has dedicated its mission to providing permanent housing solutions for families with limited financial resources. The organization owns an 18-unit complex, serving as a sanctuary for these families. Beyond this, Harmony Villa Inc also holds a 1% interest in Glenoaks Gardens, L.P., furthering its commitment to affordable housing. The organization's primary focus is on low-income housing, aiming to make a substantial impact in the community.
Official website here: www.lafh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Harmony Villa Inc has earned an 82% rating from Charity Navigator, which indicates a solid performance in accountability and finance. This rating is based solely on a single beacon score, highlighting the importance of financial transparency and responsible governance in nonprofit organizations. The charity's strong points include a fully independent board and the absence of material diversions of assets, both of which are critical indicators of integrity and accountability.
The organization scored particularly well in areas such as conflict of interest policies and program expense ratios, achieving full marks in these categories. Additionally, Harmony Villa Inc's commitment to keeping thorough records, including board meeting minutes, reflects a robust operational framework that supports its mission.
However, the organization did face a challenge with its liabilities to assets ratio, which stands at 340.23%, resulting in a poor score in this specific area. This high ratio may warrant further examination, as it suggests potential financial risks that could impact the organization's sustainability. Overall, while Harmony Villa Inc demonstrates strong governance practices, it may need to address its financial liabilities to enhance its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Harmony Villa Inc legitimate?
Harmony Villa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harmony Villa 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,604
For more financial information, click here
Official website here: www.lafh.org
What is the mission statement of Harmony Villa Inc?
Harmony Villa Inc, as an organization, was established with the primary goal of providing permanent housing for families with low income. They have achieved this by owning an 18-unit complex located in North Hollywood, California. Beyond this, they also hold a 1% interest in Glenoaks Gardens, L.P. In essence, Harmony Villa Inc's mission aligns with the provision of affordable housing solutions, offering a stable living environment for families in need.
Official website here: www.lafh.org
Who is the CEO of Harmony Villa Inc?
Aaron Leon is the Principal Officer of Harmony Villa Inc.
Official website here: www.lafh.org
What is the revenue of Harmony Villa Inc?
Harmony Villa Inc's revenue in 2022 was $192,620.
Official website here: www.lafh.org
Who are the executives of Harmony Villa Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lafh.org
Where can I find the form 990 for Harmony Villa Inc?
Harmony Villa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lafh.org
Learn more at the official website: www.lafh.org
Mission Statement of Harmony Villa Inc
Harmony Villa Inc, a nonprofit organization, was established with the primary mission of providing permanent housing solutions for families with low income. This mission materialized through the ownership of an 18-unit complex situated in North Hollywood, California. Beyond this, Harmony Villa Inc also holds a 1% interest in Glenoaks Gardens, L.P., further expanding its capacity to assist families in need. The organization's mission is centered around offering a safe and stable living environment for those who may not have the financial means to secure such accommodations on their own.
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Impact
October, 2024
Harmony Villa Inc has a significant impact on the community by providing permanent housing for families with low income in North Hollywood, California. The establishment of the 18-unit complex, known as Harmony Villa, offers a stable living environment for those who might otherwise struggle to find affordable housing. By ensuring that families have a place to call home, Harmony Villa helps to strengthen the community, fostering social stability and improving quality of life. Additionally, the organization's involvement with Glenoaks Gardens further expands its commitment to promoting community improvement and addressing housing needs in the area.
This information is meant to be a general summary of Harmony Villa 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.
- Investment Income: $1
- Program Service Revenue: $192,619
- Gross Receipts: $192,620
Assets and Liabilities:
- Total Assets: $912,662
- Total Liabilities: $3,105,161
- Net Assets: -$2,192,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING
Revenue
$192,619
LAUNDRY/VENDING
Organization Details
Founding Year
1991
Phone
(818) 982-4091Principal Officer
Aaron Leon
Main Address
7843 Lankershim Blvd, North Hollywood, CA, 91605
Website
www.lafh.orgNTEE Category
Code: S80Z - Community improvement
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