Centennial Village Corporation

Organization Overview

Centennial Village Corporation is located in Mesa, AZ. The organization was established in 1981. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Centennial Village Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centennial Village Corporation 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, Centennial Village Corporation generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATIONS ONLY MISSION, AS OUTLINED IN ITS ARTICLES OF INCORPORATION, IS TO PROVIDE A SAFE, COMFORTABLE, AND AFFORDABLE APARTMENT COMMUNITY FOR SENIOR ADULTS, 62 YEARS AND OLDER, WITH THE ASSISTANCE OF FUNDING THROUGH A CONTRACT WITH HUD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATIONS NONPROFIT STATUS, AND SUPPORT FROM ITS FEDERAL HOUSING CONTRACTS, HAVE ALLOWED THE ORGANIZATION TO CARRY OUT THE SINGLE PURPOSE OF PROVIDING HOUSING FOR LOW-INCOME SENIORS. ALL OF THE SECTION 8 INCOME IS DEDICATED TO THIS PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Matt Cheney
President And CEO
$317,578
Craig Cheney
Executive Chairman
$219,611
Judi Ward
Director
$0
Jerry Ferguson
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,174,673
Investment income $6,889
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 $2,181,562

Grants Awarded

Over the last fiscal year, Centennial Village Corporation has awarded $8,959,726 in support to 2 organizations.

Grant RecipientAmount

130 WEST BROWN ROAD LLC

PURPOSE: Low-income housing to be leased back

$7,200,000

CENTURY FUND CORPORATION

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$1,759,726
View Grant Profile

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