Altavita Village Community Foundation

Organization Overview

Altavita Village Community Foundation, operating under the name Village Resident Foundation, is located in Riverside, CA. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Resident Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Village Resident Foundation generated $104.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $70.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF WESTMONT VILLAGE. PROVIDE SUPPORT FOR RESIDENTS WHO BECOME UNABLE TO PAY FEES TO REMAIN AS RESIDENTS OF WESTMONT VILLAGE. PROVIDE RECREATION, SOCIALIZATION AND ENTERTAINMENT SERVICES TO RESIDENTS. PROVIDE AN INTERFACE ORGANIZATION WITH WESTMONT VILLAGE FOR RESIDENT CONCERNS, PROBLEMS AND REQUESTS.

Describe the Organization's Program Activity:

Part 3

LIFE CARE FUND - PROJECT TO DISTRIBUTE FUNDS SET ASSIDE BY THE ATTORNEY GENERAL FOR THE RESIDENTS WHO HAD LOST THEIR CCRC CONTRACTS DUE TO THE BANKRUPTCY OF THE PREVIOUS OWNER OF THE VILLAGE.


THIS PROGRAM INCLUDES TWO GRANTS TO INLAND EMPIRE COMMUNITY FOUNDATION


VILLAGE CONCERT PROGRAM - PROVIDING FOUR CONCERTS AT WESTMONT VILLAGE PER YEAR. THE CONCERTS CONSIST OF PARLOR MUSIC PERFORMED BY PROFESSIONAL MUSICIANS.


CONCERT PROGRAM: WE HIRE PROFESSIONAL CONCERT PERFORMERS TO PERFORM MOSTLY CLASSICAL CHAMBER MUSIC PERFORMANCES FOR WESTMONT VILLAGE RESIDENTS. IT INCLUDES RENTING THE VENUE, TUNING PIANOS AND PROVIDING REFRESHMENTS.


RESIDENT COUNCIL: RESIDENT VOLUNTEERS STAFF A RESIDENT COUNCIL WHICH IS PART OF THE FOUNDATION. THIS COUNCIL STOCKS AND MAINTAINS VARIOUS ON-SITE LIBRARIES. IT PUBLISHES A MONTHLY MAGAZINE HIGHLIGHTING RESIDENT ACTIVITIES, LOCAL INTEREST ITEMS, HISTORICAL INFORMATION OF THE LOCAL AREA AND REPORTS ON AND INTRODUCES NEW RESIDENTS OF THE VILLAGE. IT ALSO PROVIDES AND FUNDS ENTERTAINMENT EVENTS FOR RESIDENTS.


VILLAGE SHOPPE: THE FOUNDATION OPERATES A SMALL RETAIL OPERATION SO THAT RESIDENTS WITH MOBILITY PROBLEMS CAN OBTAIN COMMONLY NEEDED SMALL ITEMS LIKE STAMPS, CARDS, SOME FOOD ITEMS, CLOTHING ITEMS, ETC. WITHOUT HAVING TO ARRANGE TRANSPORTATION FROM THE VILLAGE AND BACK.


PROGRAMS AND PROJECTS: VARIOUS ONE-TIME PROJECTS. RESIDENT COUNCIL PROGRAMS AND ACTIVITIES, WOOD HOBBY SHOP OPERATION, COMPUTER ROOM OPERATION, TRAIL PROGRAM, RESIDENT LOSS OF CONTRACT DUE TO BANKRUPTCY COMPENSATION PROGRAM, VILLAGE SHOPPE RETAIL OPERATION.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$26,512
Total Program Service Revenue$52,168
Membership dues$0
Investment income $313
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$25,193
Total Revenue$104,186

Grants Awarded

Over the last fiscal year, Altavita Village Community Foundation has awarded $226,934 in support to 2 organizations.

Grant RecipientAmount

THE COMMUNITY FOUNDATION

Org PageRecipient Profile

Riverside, CA

PURPOSE: GENERAL SUPPORT

$135,000

AIR FORCE VILLAGE WEST

PURPOSE: GENERAL SUPPORT

$91,934
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Altavita Village Community Foundation has recieved totaling $257,430.

Awarding OrganizationAmount
Inland Empire Community Foundation

Riverside, CA

PURPOSE: Agency Distribution

$257,430
View Grant Recipient Profile

Peer Organizations

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