Overview
What is Newton Community Development Foundation Inc?
Newton Community Development Foundation Inc is a nonprofit organization situated in Newton, Massachusetts, specifically at 425 Watertown Street 205. Their primary mission is to develop and manage housing facilities catering to low-income and elderly residents, ensuring they have access to adequate accommodation within their means. The foundation serves as a community relations resource, advocating for planning and resources within the low- and moderate-income community in Newton. The organization boasts a team of 27 dedicated individuals who work tirelessly towards this goal.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% (Four-Star out of Four Star rating)
The Newton Community Development Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score of 100% for having an independent board, and a robust program expense ratio of approximately 69.73%, the organization demonstrates effective management and prioritization of funds towards its mission.
The foundation has also excelled in various governance aspects, receiving full points in areas such as financial statements oversight and conflict of interest policies. This indicates a commitment to transparency and ethical practices, which are vital for maintaining donor trust and ensuring operational integrity.
While the organization has shown notable strengths in its financial health and governance, the data does not provide insights into programmatic outcomes or community impact. This leaves a gap in understanding how effectively the foundation is achieving its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Newton Community Development Foundation Inc legitimate?
Newton Community Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newton Community Development Foundation 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: $217,801
Professional Fundraising Fees: $11,161
Other Salaries and Wages: $1,000,973
For more financial information, click here
What is the mission statement of Newton Community Development Foundation Inc?
The Newton Community Development Foundation Inc's mission is geared towards establishing and overseeing affordable housing options for low-income families and the elderly. This organization seeks to develop a comprehensive housing program that caters to the housing needs of these groups, who are economically disadvantaged and require more suitable housing facilities due to their income levels. Additionally, the Foundation functions as a community relations resource, providing advocacy and planning services for the low and moderate-income community in the wider context. The Foundation is responsible for managing and maintaining 268 units of low and moderate-income housing and elderly housing facilities.
Who is the CEO of Newton Community Development Foundation Inc?
Jeanne Strickland is the President of Newton Community Development Foundation Inc.
What is the revenue of Newton Community Development Foundation Inc?
Newton Community Development Foundation Inc's revenue in 2022 was $2,246,080.
Who are the executives of Newton Community Development Foundation Inc and what are their salaries?
The average compensation at Newton Community Development Foundation Inc during 2022 was $45,140. There are 27 employees and 30 volunteers at Newton Community Development Foundation Inc.
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- Compensation: $193,687
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Where can I find the form 990 for Newton Community Development Foundation Inc?
Newton Community Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Newton Community Development Foundation Inc
Newton Community Development Foundation Inc is a organization committed to creating and managing affordable housing options for low-income families and the elderly. Their mission extends beyond just providing housing, as they also aim to serve as a resource for advocacy and planning within the low-income community. By developing a comprehensive housing program, the foundation aims to address the housing needs of these groups, ensuring they have access to adequate and comfortable living spaces. The Newton Community Development Foundation Inc has successfully managed 268 units of low-income and elderly housing facilities, demonstrating their dedication to fulfilling their mission.
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Impact
July, 2024
Newton Community Development Foundation Inc's impact is significant in providing affordable housing options for low and moderate-income families and the elderly in Newton, Massachusetts. Through the development and management of 268 units of housing, this organization helps individuals and families who are in need of more adequate housing due to their income levels. By serving as a resource for community relations and advocating for the low and moderate-income community in Newton, they are working towards creating a more inclusive and supportive environment for all residents.
This information is meant to be a general summary of Newton Community Development Foundation 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: $263,042
- Program Service Revenue: $1,484,000
- Gross Receipts: $7,593,093
Assets and Liabilities:
- Total Assets: $11,224,820
- Total Liabilities: $2,409,629
- Net Assets: $8,815,191
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MGMT & SITE FEES
Revenue
$1,453,817
TENANT RENTAL INCOME
Revenue
$30,183
Organization Details
Founding Year
1968
Phone
(617) 244-4035Principal Officer
Jeanne Strickland
Main Address
425 WATERTOWN STREET 205, NEWTON, MA, 02458
NTEE Category
Code: L21 - Housing
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