The Village Community
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Coralville, IA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-4309528
Organization Overview
The Village Community is located in Coralville, IA. The organization was established in 2014. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Village Community employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Community 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 Community generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 12.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PLACE WHERE PEOPLE WITH INTELLECTUAL DISABILITIES ARE NURTURED AND VALUED, A PLACE WHERE THEY WILL BE ENGAGED IN ALL ASPECTS OF THEIR LIVES, LEARNING AND WORKING ALONGSIDE LIFELONG FRIENDS, FAMILY AND MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VILLAGE COMMUNITY IS A NON-PROFIT ORGANIZATION, FOUNDED IN 2013 BY PARENTS OF ADULT CHILDREN WITH INTELLECTUAL DISABILITIES, WITH THE PURPOSE OF PROVIDING HIGH-QUALITY, ENGAGING EXPERIENCES TO OUR MEMBERS SO THAT THEY CAN CONTINUE TO LIVE HAPPY, HEALTHY, PRODUCTIVE LIVES. WE HAVE A COMMITMENT TO BUILDING RELATIONSHIPS WITH MEMBERS, MEMBER FAMILIES, STAFF, AND THE BROADER COMMUNITY. AS PART OF THIS MISSION, WE SERVE AS A PARTNER WITH THE UNIVERSITY OF IOWA AND KIRKWOOD COMMUNITY COLLEGE TO PROVIDE ON-SITE LEARNING OPPORTUNITIES TO STUDENTS INTERESTED IN WORKING WITH THIS POPULATION IN A PROFESSIONAL CAPACITY. WE HAVE BEEN RECOGNIZED AS A THOUGHT LEADER AND CONTINUE TO PROVIDE CONSULTATION TO STAKEHOLDERS AND COMMUNITY PARTNERS ON OUR MODEL OF SERVICE PROVISION THAT HAS SIGNIFICANTLY LESS OVERHEAD AND ADMINISTRATIVE COSTS THAN OTHER SIMILAR SERVICE PROVIDERS. THIS HAS TRANSLATED TO LOW STAFF TURNOVER AND A MORE POSITIVE MEMBER EXPERIENCE. IN THE FALL OF 2021, WE RENEWED OUR CARF (COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES) ACCREDITATION FOR OUR DAY HABILITATION PROGRAM WITH NO IDENTIFIED RECOMMENDATIONS, AN ACHIEVEMENT EARNED BY ONLY THREE PERCENT OF PROGRAMS SURVEYED NATIONALLY. IN ADDITION TO A THRIVING DAY HABILITATION PROGRAM, OUR RESIDENTIAL PROGRAM IS ALSO EXPERIENCING GROWTH. WE RECOGNIZE THAT OUR STAFF ARE OUR MOST VALUABLE ASSET AND WE REMAIN COMMITTED TO ENSURING THEY ARE OFFERED COMPETITIVE WAGES AND BENEFITS. OUR RESERVE FUNDS REMAIN STABLE AND AVAILABLE SHOULD THEY BE NEEDED TO SEE US THROUGH ANOTHER PANDEMIC OR IN THE FUTURE IF WE EXPERIENCE SIGNIFICANT, UNEXPECTED CHANGES WITH MEDICAID REIMBURSEMENT RATES AS WE HAVE IN THE PAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Brownsberger Treasurer, Executive Director | OfficerTrustee | 50 | $77,515 |
Mary Roberts President | OfficerTrustee | 2 | $0 |
Brenda Kurtz Secretary | OfficerTrustee | 20 | $0 |
Sarah Schrader Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $242,141 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,538 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,679 |
| Total Program Service Revenue | $1,091,215 |
| Investment income | $115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,369,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,400 |
| Compensation of current officers, directors, key employees. | $22,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,425 |
| Payroll taxes | $59,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,452 |
| Information technology | $4,002 |
| Royalties | $0 |
| Occupancy | $78,528 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,981 |
| Insurance | $22,295 |
| All other expenses | $6,457 |
| Total functional expenses | $1,185,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,673 |
| Savings and temporary cash investments | $225,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,119,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,758,090 |
| Accounts payable and accrued expenses | $69,792 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $689,373 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $759,165 |
| Net assets without donor restrictions | $926,033 |
| Net assets with donor restrictions | $72,892 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,758,090 |