Overview
What is North Shore Heritage Associates Inc?
North Shore Heritage Associates Inc, based in Danvers, Massachusetts, serves as a real estate holding company. Its primary purpose is to support the housing needs of individuals with developmental disabilities. The organization leases its property to Northeast Arc Inc, a nonprofit affiliate, allowing them to house their tax-exempt programs. North Shore Heritage Associates Inc plays a crucial role in providing suitable living spaces for this specific community, ensuring their well-being and community integration.
Official website here: www.ne-arc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
North Shore Heritage Associates Inc has achieved a commendable score of 88% on Charity Navigator, reflecting strong performance in accountability and finance. The rating indicates that the organization operates with a high level of transparency, as evidenced by its independent board composition and comprehensive policies addressing conflicts of interest and whistleblower protections.
The organization excels in program expense efficiency, with a remarkable 96.03% of its expenses directed towards its programs. Additionally, it has a fully independent board, ensuring that governance practices are upheld and conflicts are minimized. The financial oversight frameworks in place further enhance its credibility and operational integrity.
However, while the organization has a solid financial structure, its liabilities to assets ratio stands at 60.84%, which may indicate some level of financial leverage. This aspect could be a concern for potential donors who prioritize long-term financial stability in nonprofits. Overall, North Shore Heritage Associates Inc demonstrates strong governance and effective resource allocation, making it a trustworthy option for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is North Shore Heritage Associates Inc legitimate?
North Shore Heritage Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Shore Heritage Associates 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ne-arc.org
What is the mission statement of North Shore Heritage Associates Inc?
North Shore Heritage Associates Inc serves as a real estate holding company, maintaining and leasing properties to Northeast Arc Inc, a 501(c)(3) organization associated with it. This is done with the primary objective of supporting housing programs for individuals with developmental disabilities. The organization, North Shore Heritage Associates Inc, owns and manages real estate, then leases it to Northeast Arc Inc for their tax-exempt programs. The aim is to provide suitable housing facilities for these individuals, thereby contributing to their welfare and living needs.
Official website here: www.ne-arc.org
Who is the CEO of North Shore Heritage Associates Inc?
Cynthia Park is the Director of North Shore Heritage Associates Inc.
Official website here: www.ne-arc.org
What is the revenue of North Shore Heritage Associates Inc?
North Shore Heritage Associates Inc's revenue in 2022 was $1,516,234.
Official website here: www.ne-arc.org
Who are the executives of North Shore Heritage Associates Inc and what are their salaries?
There 3 volunteers at North Shore Heritage Associates Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $327,762
- Other: $126,847
- Compensation: $0
- Related: $217,287
- Other: $14,750
- Compensation: $0
- Related: $168,422
- Other: $15,422
Official website here: www.ne-arc.org
Where can I find the form 990 for North Shore Heritage Associates Inc?
North Shore Heritage Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ne-arc.org
Learn more at the official website: www.ne-arc.org
Mission Statement of North Shore Heritage Associates Inc
North Shore Heritage Associates Inc, as a real estate holding company, plays a crucial role in supporting the housing programs for individuals with developmental disabilities. The organization maintains and leases property to Northeast Arc Inc, an affiliated 501(c)(3) nonprofit organization. This partnership allows Northeast Arc Inc to offer tax-exempt housing programs, providing a vital living space for those in need. North Shore Heritage Associates Inc's mission is to hold and manage real estate, ultimately leasing it to Northeast Arc Inc, ensuring the availability of housing facilities for their programs.
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Impact
July, 2024
North Shore Heritage Associates Inc's impact lies in providing essential real estate support for Northeast Arc Inc, an affiliated 501(c)(3) organization that offers housing programs for people with developmental disabilities. By owning and managing real estate that is leased to Northeast Arc, North Shore Heritage Associates facilitates the provision of tax-exempt housing programs that cater to the needs of individuals with developmental disabilities in Danvers, MA. Through this partnership, North Shore Heritage Associates contributes significantly to supporting human services that enhance the lives of vulnerable populations in the community.
This information is meant to be a general summary of North Shore Heritage Associates 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: $173
- Program Service Revenue: $1,446,061
- Gross Receipts: $1,516,234
Assets and Liabilities:
- Total Assets: $10,369,179
- Total Liabilities: $5,726,863
- Net Assets: $4,642,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,446,061
Organization Details
Founding Year
1977
Phone
(978) 762-4878Principal Officer
Cynthia Park
Main Address
1 SOUTHSIDE ROAD, DANVERS, MA, 01923
Website
www.ne-arc.orgNTEE Category
Code: P80 - Human services
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