Overview
What is First Parish Housing Of Fitchburg Inc?
First Parish Housing of Fitchburg Inc is a nonprofit organization that plays a significant role in providing affordable housing solutions for the elderly. Located in Fitchburg, they manage a HUD-regulated apartment building, ensuring that elderly residents can reside comfortably within their means. Their mission is centered around elderly housing, and they strive to make this essential service accessible and affordable. The organization operates under the guidelines set by the U.S. Department of Housing and Urban Development (HUD), ensuring a high standard of living and care for their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
First Parish Housing Of Fitchburg Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The charity's score is based solely on its performance in the Accountability & Finance beacon, highlighting its effective governance and transparency practices.
The organization demonstrates robust oversight with a board that is predominantly independent, boasting 77% independent members. It has implemented thorough financial oversight measures, including an active audit committee, and adheres to policies for conflict of interest, whistleblower protections, and document retention. This level of governance positions the organization as a trustworthy steward of donor funds.
In terms of financial efficiency, the charity allocates a significant portion of its budget—81.37%—to program expenses, indicating that most resources are directed towards its mission. The low liabilities to assets ratio of 9.50% further suggests strong financial stability. While the data does not indicate any major limitations, it reflects a well-managed organization focused on its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is First Parish Housing Of Fitchburg Inc legitimate?
First Parish Housing Of Fitchburg Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Parish Housing Of Fitchburg 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: $87,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,687
For more financial information, click here
What is the mission statement of First Parish Housing Of Fitchburg Inc?
First Parish Housing of Fitchburg Inc, as an organization, is dedicated to providing affordable housing for the elderly through the operation of a HUD-regulated apartment building. Their mission is to cater to the elderly population, ensuring they have a suitable living space. The company's activities primarily revolve around managing this apartment building, ensuring it adheres to HUD regulations. By doing so, First Parish Housing of Fitchburg Inc contributes to the well-being of the elderly community, providing them with a place to live that is both affordable and regulated.
Who is the CEO of First Parish Housing Of Fitchburg Inc?
David Streb is the President of First Parish Housing Of Fitchburg Inc.
What is the revenue of First Parish Housing Of Fitchburg Inc?
First Parish Housing Of Fitchburg Inc's revenue in 2022 was $1,213,034.
Who are the executives of First Parish Housing Of Fitchburg Inc and what are their salaries?
The average compensation at First Parish Housing Of Fitchburg Inc during 2022 was $27,568. There are 11 employees at First Parish Housing Of Fitchburg Inc.
Here are 9 key members and their salaries:
- Compensation: $87,566
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- Other: $0
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- Other: $0
Where can I find the form 990 for First Parish Housing Of Fitchburg Inc?
First Parish Housing Of Fitchburg Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Parish Housing Of Fitchburg Inc
First Parish Housing of Fitchburg, as a nonprofit organization, is dedicated to providing affordable housing for the elderly. They oversee a HUD-regulated apartment building specifically designed for this demographic, ensuring they have a comfortable living space. The mission of this organization revolves around managing and operating this residential facility, providing a crucial service for elderly individuals who may have limited financial resources. By offering affordable housing, First Parish Housing of Fitchburg contributes to maintaining the dignity and independence of its residents, enabling them to live out their golden years with a sense of security and stability.
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Impact
July, 2024
First Parish Housing of Fitchburg Inc provides affordable housing for the elderly in Fitchburg, Massachusetts. Their impact can be seen in the improved quality of life for elderly residents who may have otherwise struggled to find suitable and affordable housing options. By owning and operating a HUD-regulated apartment building, First Parish Housing of Fitchburg addresses the crucial need for housing security among the elderly population, ensuring they have a safe and comfortable place to call home. Additionally, this organization contributes to the overall well-being and community support for elderly individuals in Fitchburg.
This information is meant to be a general summary of First Parish Housing Of Fitchburg 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: -$6,053
- Program Service Revenue: $1,085,839
- Gross Receipts: $1,213,034
Assets and Liabilities:
- Total Assets: $2,263,507
- Total Liabilities: $215,251
- Net Assets: $2,048,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$1,085,839
Organization Details
Founding Year
1967
Phone
(978) 345-1559Principal Officer
David Streb
Main Address
29 MERRIAM PARKWAY, FITCHBURG, MA, 01420
NTEE Category
Code: L22Z - Housing
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