Altavita Village Community Foundation
- Assets
- $253.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-3651997
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 12/2023, Village Resident Foundation generated $42.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $67.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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.
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.
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.
THIS PROGRAM INCLUDES TWO GRANTS TO INLAND EMPIRE COMMUNITY FOUNDATION
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 CONCERT PROGRAM - PROVIDING FOUR CONCERTS AT WESTMONT VILLAGE PER YEAR. THE CONCERTS CONSIST OF PARLOR MUSIC PERFORMED BY PROFESSIONAL MUSICIANS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Baltazar Chairman | 4 | $0 | |
James Pemberton Treasurer | 8 | $0 | |
Doris Weingart Secretary | 4 | $0 | |
Rosalee Chiara Director | 1 | $0 | |
Dan Waldo Director | 1 | $0 | |
Suzy Hanigan Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,706 |
| Total Program Service Revenue | $40,918 |
| Membership dues | $0 |
| Investment income | $131 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,992 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $65,394 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,206 |
| Other expenses | $0 |
| Total expenses | $67,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $253,289 |
| Other assets | $0 |
| Total assets | $253,289 |
| Total liabilities | $0 |
| Net assets or fund balances | $253,289 |
Grants Awarded
Over the last fiscal year, Altavita Village Community Foundation has awarded $226,934 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AIR FORCE VILLAGE WEST PURPOSE: GENERAL SUPPORT | $91,934 |
THE COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $135,000 |