Overview
What is Williamstown Elderly Housing Corp?
Williamstown Elderly Housing Corp is a nonprofit organization devoted to offering affordable living solutions for elderly individuals. Situated within its operations, the corporation provides 60 units of low-income housing, ensuring that every apartment comes with Section 8 rental assistance. In essence, the organization's primary mission is to cater to the housing needs of the elderly community, ensuring they have access to suitable, affordable accommodations.
What are the reviews and ratings of this charity?
79% rating from Charity Navigator indicates a Three-Star out of Four Star rating for Williamstown Elderly Housing Corp, reflecting a strong performance in accountability and finance. This score is derived solely from the organization's financial management practices, suggesting a commitment to transparency and responsible fiscal stewardship.
The organization has demonstrated significant strengths, including a fully independent board and comprehensive policies on conflict of interest and whistleblower protections. Moreover, it allocates a high percentage (81.33%) of its expenses directly towards programs, showcasing its focus on delivering value to its mission.
However, a notable limitation is the organization’s liabilities to assets ratio, which scored 0 out of 15 points. This could imply potential financial risks that may need to be addressed to ensure long-term sustainability. Overall, while Williamstown Elderly Housing Corp exhibits solid accountability, attention to its financial liabilities may enhance its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Williamstown Elderly Housing Corp legitimate?
Williamstown Elderly Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Williamstown Elderly Housing Corp 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: $154,794
For more financial information, click here
What is the mission statement of Williamstown Elderly Housing Corp?
The Williamstown Elderly Housing Corporation is committed to providing affordable housing options for the elderly. Their mission is accomplished through the operation of 60 units of low-income housing, with Section 8 rental assistance available for each apartment in the project. The corporation aims to make housing accessible for senior citizens, enhancing their living conditions and promoting a sense of community.
Who is the CEO of Williamstown Elderly Housing Corp?
Brian O'Grady is the President of Williamstown Elderly Housing Corp.
What is the revenue of Williamstown Elderly Housing Corp?
Williamstown Elderly Housing Corp's revenue in 2022 was $885,726.
Who are the executives of Williamstown Elderly Housing Corp and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Williamstown Elderly Housing Corp?
Williamstown Elderly Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Williamstown Elderly Housing Corp
Williamstown Elderly Housing Corp is committed to providing affordable housing options for the elderly. This nonprofit organization operates with 60 units of low-income housing specifically designed for senior citizens. To further assist these residents, Section 8 rental assistance is available for each apartment within the project. The mission of Williamstown Elderly Housing Corp is centered around ensuring that elderly individuals have access to comfortable and affordable living spaces, thereby enhancing their quality of life.
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Impact
July, 2024
Williamstown Elderly Housing Corp's impact is profound in providing low-income housing for seniors in the city of Pittsfield, Massachusetts. With a total of 60 units available, this organization ensures that elderly individuals have access to affordable housing options. Additionally, with Section 8 rental assistance available for every apartment in the project, Williamstown Elderly Housing Corp plays a crucial role in supporting seniors who may be facing financial challenges. Through its dedicated mission, this organization is able to address a critical need in the community by helping senior citizens find stable and affordable housing options.
This information is meant to be a general summary of Williamstown Elderly Housing Corp. 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: $396
- Program Service Revenue: $885,330
- Gross Receipts: $885,726
Assets and Liabilities:
- Total Assets: $1,701,314
- Total Liabilities: $1,692,050
- Net Assets: $9,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY RECEIPTS
Revenue
$2,660
RENTAL RECEIPTS
Revenue
$343,645
SECTION 8 SUBSIDIES
Revenue
$539,025
Organization Details
Founding Year
1978
Phone
(413) 499-1630Principal Officer
Brian O'Grady
Main Address
C/O BERKSHIRE HOUSING PO BOX 1180, PITTSFIELD, MA, 01202
NTEE Category
Code: L22Z - Housing
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