Overview
What is Newton Community Development Foundation Ii Inc?
Newton Community Development Foundation II is a nonprofit organization, specifically focused on providing affordable housing solutions for the elderly and disabled. Located in Newton, Massachusetts, they have successfully furnished 42 units of housing for this demographic, ensuring they have suitable living spaces. Furthermore, one unit is dedicated to the property caretaker, ensuring the overall maintenance and well-being of the community. The organization's mission remains steadfast in providing affordable housing, enhancing the quality of life for these vulnerable groups.
Official website here: www.ncdfinc.org
What are the reviews and ratings of this charity?
77% - Three-Star out of Four Star Rating
The Newton Community Development Foundation Ii Inc has received a Three-Star rating from Charity Navigator, reflecting its overall accountability and financial practices. The organization scored particularly well in areas such as having an independent board and a strong program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, there are areas for improvement noted in the ratings. The lack of a whistleblower policy and the absence of its tax forms on the nonprofit's website could raise concerns about transparency and governance. Additionally, the liabilities to assets ratio is quite high, which may suggest potential financial stability issues that warrant further scrutiny.
Overall, while the organization demonstrates strong accountability through various metrics, addressing these limitations could enhance its credibility and operational effectiveness in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Newton Community Development Foundation Ii Inc legitimate?
Newton Community Development Foundation Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newton Community Development Foundation Ii 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:
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For more financial information, click here
Official website here: www.ncdfinc.org
What is the mission statement of Newton Community Development Foundation Ii Inc?
The Newton Community Development Foundation II, as a organization, is committed to providing affordable housing solutions for the elderly and disabled individuals. They have successfully furnished 42 housing units for these groups, along with an additional unit for the property caretaker. The foundation's primary objective is to ensure that elderly and disabled persons have access to comfortable and affordable living spaces.
Official website here: www.ncdfinc.org
Who is the CEO of Newton Community Development Foundation Ii Inc?
Robert Engler is the President of Newton Community Development Foundation Ii Inc.
Official website here: www.ncdfinc.org
What is the revenue of Newton Community Development Foundation Ii Inc?
Newton Community Development Foundation Ii Inc's revenue in 2022 was $1,388,803.
Official website here: www.ncdfinc.org
Who are the executives of Newton Community Development Foundation Ii Inc and what are their salaries?
There 18 volunteers at Newton Community Development Foundation Ii Inc.
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- Related: $193,687
- Other: $24,114
Official website here: www.ncdfinc.org
Where can I find the form 990 for Newton Community Development Foundation Ii Inc?
Newton Community Development Foundation Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncdfinc.org
Learn more at the official website: www.ncdfinc.org
Mission Statement of Newton Community Development Foundation Ii Inc
Newton Community Development Foundation II, as a nonprofit organization, is committed to providing affordable housing solutions for the elderly and disabled individuals. They have successfully furnished 42 units of housing, catering specifically to the needs of this demographic, and also allocated a unit for the property caretaker. This dedication to affordable housing enables these vulnerable groups to maintain a decent living standard, thereby improving their overall quality of life.
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Impact
July, 2024
Newton Community Development Foundation II Inc directly impacts the community by providing affordable housing to the elderly and disabled in Newton, Massachusetts. Through its mission, it has furnished 42 units of housing for elderly and disabled individuals, as well as one unit for the property caretaker. This initiative helps ensure that vulnerable populations have access to safe and stable housing, contributing positively to their quality of life and well-being.
This information is meant to be a general summary of Newton Community Development Foundation Ii 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: $3,045
- Program Service Revenue: $185,368
- Gross Receipts: $1,388,803
Assets and Liabilities:
- Total Assets: $3,073,598
- Total Liabilities: $7,749,427
- Net Assets: -$4,675,829
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$185,368
Organization Details
Founding Year
1978
Phone
(617) 244-4035Principal Officer
Robert Engler
Main Address
425 WATERTOWN STREET SUITE 205, NEWTON, MA, 02458
Website
www.ncdfinc.orgNTEE Category
Code: L22Z - Housing
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