Overview
What is Scandinavian Charitable Society Of Greater Boston Inc?
The Scandinavian Charitable Society of Greater Boston Inc is a nonprofit organization that is dedicated to providing affordable housing and assistance to elders, while also fostering cultural enrichment and community connection. Located at 206 Waltham Street, W. Newton, MA 02465, this society has a strong commitment to its mission. As of December 31, 2022, the organization housed 40 residents, with an average age of 83.9 years. Among these residents, 23 were classified as very low income, 9 were low income, 3 were moderate income, and 5 were at market rate income levels based on poverty levels in Massachusetts. The society's census for the year was 89.4%, which increased to 98.39% by the end of the year. With a team of 35 employees, the Scandinavian Charitable Society of Greater Boston Inc continues to serve its community with care and dedication.
Official website here: www.slcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Scandinavian Charitable Society of Greater Boston Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization's overall score is derived solely from its performance in these areas, indicating a focused and effective approach to managing its resources.
Strengths of the organization are evident through its fully independent board, which includes 15 members, and its rigorous financial oversight measures. The charity has also demonstrated excellent transparency with policies on conflicts of interest and whistleblower protections, alongside a robust program expense ratio of 83.76%, ensuring that a significant portion of its funds goes directly to its charitable activities.
While the data showcases a well-managed organization, there are no specific limitations or concerns noted in the feedback. Overall, the Scandinavian Charitable Society of Greater Boston Inc stands out as a reliable and financially responsible nonprofit, demonstrating a strong commitment to its mission and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Scandinavian Charitable Society Of Greater Boston Inc legitimate?
Scandinavian Charitable Society Of Greater Boston Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scandinavian Charitable Society Of Greater Boston Inc 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: $178,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $924,680
For more financial information, click here
Official website here: www.slcenter.org
What is the mission statement of Scandinavian Charitable Society Of Greater Boston Inc?
The Scandinavian Charitable Society of Greater Boston is dedicated to serving two primary purposes. Firstly, it strives to provide affordable housing and support for the elderly. Secondly, it aims to promote cultural enrichment and foster community connections. This organization's mission is geared towards improving the living conditions and quality of life for its elderly population, while also preserving and celebrating Scandinavian culture.
Official website here: www.slcenter.org
Who is the CEO of Scandinavian Charitable Society Of Greater Boston Inc?
Joseph Carella is the Director (Until 3/8/22) of Scandinavian Charitable Society Of Greater Boston Inc.
Official website here: www.slcenter.org
What is the revenue of Scandinavian Charitable Society Of Greater Boston Inc?
Scandinavian Charitable Society Of Greater Boston Inc's revenue in 2022 was $3,142,770.
Official website here: www.slcenter.org
Who are the executives of Scandinavian Charitable Society Of Greater Boston Inc and what are their salaries?
The average compensation at Scandinavian Charitable Society Of Greater Boston Inc during 2022 was $31,528. There are 35 employees and 23 volunteers at Scandinavian Charitable Society Of Greater Boston Inc.
Here are 23 key members and their salaries:
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- Compensation: $127,112
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- Other: $27,169
Official website here: www.slcenter.org
Where can I find the form 990 for Scandinavian Charitable Society Of Greater Boston Inc?
Scandinavian Charitable Society Of Greater Boston Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.slcenter.org
Learn more at the official website: www.slcenter.org
Mission Statement of Scandinavian Charitable Society Of Greater Boston Inc
The Scandinavian Charitable Society of Greater Boston is dedicated to delivering affordable housing and assistance to the elderly, while simultaneously fostering cultural enrichment and strengthening community connections. This organization's mission is encapsulated in its commitment to providing a nurturing environment for the elderly and preserving the Scandinavian culture within the community.
At the heart of this nonprofit's operations lies the Scandinavian Living Center, which offers affordable housing for seniors. The center has a high occupancy rate, with a census of 89.4% throughout the year, reaching an impressive 98.39% as of December 31, 2022. The center houses a diverse group of residents, with 40 individuals, including 28 females and 12 males, averaging around 83.9 years of age. The residents' income levels vary, with 23 falling under very low income, 9 categorized as low income, 3 as moderate income, and 5 residing at market rate income levels based on Massachusetts' poverty standards.
The Scandinavian Charitable Society of Greater Boston's mission extends beyond providing affordable housing. It also seeks to preserve Scandinavian culture and foster a sense of community among its residents. By supporting cultural enrichment activities, this organization serves as a vital resource for maintaining the rich heritage of the Scandinavian community while providing a welcoming environment for its elderly residents.
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Impact
July, 2024
The Scandinavian Charitable Society Of Greater Boston Inc's impact is focused on providing affordable housing and assistance to elders, as well as supporting cultural enrichment and community connection. Through the Scandinavian Living Center, the organization maintains a high occupancy rate and serves a diverse group of residents, including those with very low, low, moderate, and market-rate incomes. This demonstrates their dedication to ensuring that elders from various economic backgrounds have access to quality housing and support services. Additionally, their emphasis on cultural enrichment and community connection shows a commitment to promoting social engagement and well-being among the residents.
This information is meant to be a general summary of Scandinavian Charitable Society Of Greater Boston Inc. 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 2022.
- Investment Income: $43,242
- Program Service Revenue: $2,955,129
- Gross Receipts: $3,365,947
Assets and Liabilities:
- Total Assets: $7,075,682
- Total Liabilities: $1,988,049
- Net Assets: $5,087,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTS'FEES
Revenue
$2,919,973
COMMUNITY FEES
Revenue
$19,425
CULTURAL CENTER REVENU
Revenue
$15,731
Organization Details
Founding Year
1912
Phone
(617) 527-6566Principal Officer
Joseph Carella
Main Address
206 WALTHAM STREET, W NEWTON, MA, 02465
Website
www.slcenter.orgNTEE Category
Code: P750 - Human services
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