Overview
What is Lena Park Community Development Corporation?
Lena Park Community Development Corporation, located in Dorchester, Massachusetts, is a dedicated nonprofit organization with a mission to maintain housing solutions for deteriorating housing sectors and the decreasing supply of affordable housing. They operate with a team of 41 individuals, striving to provide integrated programs and services that fortify families and foster healthy communities among the residents of Boston. Their activities encompass various aspects, including but not limited to, strengthening family units and enhancing the overall well-being of their community.
Official website here: www.lenaparkcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Lena Park Community Development Corporation received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its overall accountability and financial health. While the organization showcases strong governance elements such as independent board members and effective oversight committees, it falls short in financial performance metrics, particularly with a low program expense ratio.
The organization has implemented several positive policies, including conflict of interest and whistleblower protections, which display a commitment to ethical governance. However, critical issues arise in their financial management, specifically highlighted by a concerning liabilities to assets ratio that suggests potential financial instability.
In summary, while Lena Park Community Development Corporation demonstrates strengths in governance and independence, its financial challenges and low program expense ratio raise red flags about its operational effectiveness and sustainability. Potential donors and stakeholders may want to carefully consider these aspects when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lena Park Community Development Corporation legitimate?
Lena Park Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lena Park Community 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: $33,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $665,201
For more financial information, click here
Official website here: www.lenaparkcdc.org
What is the mission statement of Lena Park Community Development Corporation?
The Lena Park Community Development Corporation is committed to providing integrated programs and services that aim to strengthen families and foster the development of healthy communities for its residents. This organization strives to address the issue of deteriorating housing sectors and the decreasing supply of affordable housing by maintaining housing solutions. Its mission is centered around enhancing the living conditions and well-being of the community members.
Official website here: www.lenaparkcdc.org
Who is the CEO of Lena Park Community Development Corporation?
Olinka Briceno is the Treasurer of Lena Park Community Development Corporation.
Official website here: www.lenaparkcdc.org
What is the revenue of Lena Park Community Development Corporation?
Lena Park Community Development Corporation's revenue in 2021 was $2,633,969.
Official website here: www.lenaparkcdc.org
Who are the executives of Lena Park Community Development Corporation and what are their salaries?
The average compensation at Lena Park Community Development Corporation during 2021 was $17,041. There are 41 employees and 22 volunteers at Lena Park Community Development Corporation.
Here are 10 key members and their salaries:
- Compensation: $33,500
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- Other: $0
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- Other: $0
Official website here: www.lenaparkcdc.org
Where can I find the form 990 for Lena Park Community Development Corporation?
Lena Park Community Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lenaparkcdc.org
Learn more at the official website: www.lenaparkcdc.org
Mission Statement of Lena Park Community Development Corporation
Lena Park Community Development Corporation, a notable nonprofit organization, is dedicated to providing integrated programs and services aimed at strengthening families and fostering healthy communities within Boston's resident population. Its mission is centered around offering sustainable solutions to deteriorating housing sectors and combating the decreasing supply of affordable housing. By maintaining housing solutions, the organization aims to contribute positively to the overall well-being of the community.
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Impact
July, 2024
Lena Park Community Development Corporation's impact includes providing integrated programs and services that strengthen families and build healthy communities for the residents of Boston. Through affordable housing initiatives and community engagement efforts, the organization plays a crucial role in maintaining housing solutions for deteriorating housing sectors and addressing the decreasing supply of affordable housing in Dorchester, Massachusetts. Lena Park CDC's focus on human services contributes to the overall well-being and stability of individuals and families in the community.
This information is meant to be a general summary of Lena Park Community 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 2021.
- Investment Income: $1,657
- Program Service Revenue: $1,714,076
- Gross Receipts: $2,633,969
Assets and Liabilities:
- Total Assets: $10,685,767
- Total Liabilities: $2,385,398
- Net Assets: $8,300,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$1,104,930
RESIDENT SVCS INCOME
Revenue
$380,532
PROGRAM FEES
Revenue
$228,614
Organization Details
Founding Year
1971
Phone
(617) 533-8133Principal Officer
Olinka Briceno
Main Address
150 AMERICAN LEGION HIGHWAY, DORCHESTER, MA, 02124
Website
www.lenaparkcdc.orgNTEE Category
Code: P20Z - Human services
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