Overview
What is 437 Essex Inc?
437 Essex Inc, located in Beverly, Massachusetts, is a nonprofit organization that offers rental services for both buildings and motor vehicles to other exempt organizations. Their primary focus is to support day activity programs and residential programs designed for adults with intellectual disabilities or developmental challenges. By providing these resources, 437 Essex Inc aims to enhance the living and learning experiences of these individuals, contributing to their overall well-being and inclusion in society.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
437 Essex Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is based entirely on its accountability metrics, which it excels in, showcasing a commitment to transparency and responsible financial management.
The organization boasts a fully independent board and has demonstrated high standards in various areas, including the oversight of financial statements and the absence of material diversion of assets. Its financial ratios indicate a solid fiscal health, with a program expense ratio of 91.83%, signifying that the majority of its funding is directed toward its mission.
While the ratings highlight the strengths of 437 Essex Inc, the summary does not mention any areas of concern or limitations, indicating a positive outlook for the charity's operations and governance practices. This strong performance positions the nonprofit as a trustworthy organization in the sector.
This AI summary has been generated from information found on Charity Navigator.
Is 437 Essex Inc legitimate?
437 Essex Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 437 Essex 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: $65,043
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,342
For more financial information, click here
What is the mission statement of 437 Essex Inc?
437 Essex Inc, as a organization, offers rental services for buildings and vehicles to exempt organizations. Their primary focus is on day activity programs and residential programs designed for adults with intellectual disabilities or developmental challenges. Through these rentals, they aim to provide necessary facilities and resources, thereby supporting these organizations in their mission to care for and empower individuals with such conditions. By offering these rental services, 437 Essex Inc contributes to the broader goal of enhancing the quality of life and opportunities for individuals with intellectual disabilities.
Who is the CEO of 437 Essex Inc?
Gail Hall is the President of 437 Essex Inc.
What is the revenue of 437 Essex Inc?
437 Essex Inc's revenue in 2023 was $795,624.
Who are the executives of 437 Essex Inc and what are their salaries?
The average compensation at 437 Essex Inc during 2023 was $54,192. There are 2 employees and 2 volunteers at 437 Essex Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Compensation: $0
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- Compensation: $65,043
- Related: $0
- Other: $0
Where can I find the form 990 for 437 Essex Inc?
437 Essex Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 437 Essex Inc
437 Essex Inc, as a mission-driven organization, provides rental services for both buildings and motor vehicles to other exempt organizations. Their primary focus is on offering resources for day activity programs and residential programs specifically designed for adults with intellectual and developmental disabilities. By offering these services, 437 Essex Inc plays a crucial role in supporting these organizations and enabling them to provide essential care and opportunities for personal growth and development for their clients.
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Impact
July, 2024
437 Essex Inc's impact is significant in providing essential rental services to exempt organizations in Beverly, MA. By offering buildings and motor vehicles for day activity programs and residential programs for intellectually disabled adults, 437 Essex plays a crucial role in supporting the human services sector in the community. Its mission-driven approach ensures that these organizations have access to the resources they need to carry out their vital work, ultimately benefiting the individuals and families they serve.
This information is meant to be a general summary of 437 Essex 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 2023.
- Investment Income: $34,202
- Program Service Revenue: $753,907
- Gross Receipts: $808,700
Assets and Liabilities:
- Total Assets: $4,878,203
- Total Liabilities: $1,276,715
- Net Assets: $3,601,488
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM GOVT AGENCIES
Revenue
$42,133
LEASE OF PROPERTY TO EXEMPT ORG
Revenue
$711,774
Organization Details
Founding Year
1978
Phone
(978) 927-5326Principal Officer
Gail Hall
Main Address
437 ESSEX STREET, BEVERLY, MA, 01915
NTEE Category
Code: P12 - Human services
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