Overview
What is Gamwell Development Corporation?
Gamwell Development Corporation, located in Pittsfield, Massachusetts, is a nonprofit organization mainly focused on providing affordable housing solutions for individuals with developmental disabilities. They have six units specifically designated for this purpose, under Section 811. Rental assistance is available for each unit, ensuring that the cost remains manageable for the residents. The organization's mission is to offer low-income housing options for this specific population, striving to improve their quality of life and promote their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Gamwell Development Corporation has earned a three-star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is based solely on the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible stewardship of donor funds.
The organization has shown strength in its governance practices, with a fully independent board consisting of three members and no reported material diversion of assets. Additionally, it maintains comprehensive policies for conflict of interest, whistleblowing, and document retention, all contributing to its strong accountability score.
Despite its strengths, the rating suggests there may be areas for improvement, particularly in enhancing program efficiency, as evidenced by its program expense ratio of 77.44%. This indicates that while the majority of funds are allocated to programs, there is still a need for further optimizing operational costs to bolster overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Gamwell Development Corporation legitimate?
Gamwell Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gamwell Development Corporation 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: $4,669
For more financial information, click here
What is the mission statement of Gamwell Development Corporation?
Gamwell Development Corporation is dedicated to providing low-income housing for individuals with developmental disabilities. This mission is carried out through the organization's provision of six housing units, which are available under Section 811. Rental assistance is offered for each unit, ensuring that the housing remains affordable for those in need. The corporation's mission aims to provide a safe and supportive living environment for individuals with developmental disabilities, enabling them to lead independent and fulfilling lives.
What is the revenue of Gamwell Development Corporation?
Gamwell Development Corporation's revenue in 2024 was $54,067.
Who are the executives of Gamwell Development Corporation and what are their salaries?
There 3 volunteers at Gamwell Development Corporation.
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
Where can I find the form 990 for Gamwell Development Corporation?
Gamwell Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Gamwell Development Corporation
Gamwell Development Corporation is an organization that is committed to providing low-income housing for individuals with developmental disabilities. Their mission is centered around creating a living space that caters to this specific group of individuals, ensuring they have a suitable home. To accomplish this, Gamwell Development Corporation provides six units of housing under Section 811. This section of the housing program provides rental assistance for each unit, making it more affordable for the individuals who reside there. The organization's mission is a significant step towards ensuring that individuals with developmental disabilities have equal access to safe and affordable housing, contributing to their overall well-being and quality of life.
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Impact
August, 2024
Gamwell Development Corporation's impact can be seen in the provision of low-income housing for the developmentally disabled. The organization operates 6 units of housing specifically designed for this community under Section 811. By offering rental assistance for each unit, Gamwell Development Corporation plays a crucial role in ensuring that individuals with developmental disabilities have access to safe and affordable housing in Pittsfield, MA. This initiative aligns with the organization's mission to provide a supportive living environment for the developmentally disabled, thereby contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Gamwell Development Corporation. 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 2024.
- Investment Income: $67
- Program Service Revenue: $54,000
- Gross Receipts: $54,067
Assets and Liabilities:
- Total Assets: $917,854
- Total Liabilities: $1,186,130
- Net Assets: -$268,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT RENTAL ASSISTANCE
Revenue
$31,936
RENTAL INCOME
Revenue
$22,064
Organization Details
Founding Year
2007
Principal Officer
David Cianflone
NTEE Category
Code: L20 - Housing
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