Overview
What is Brighton-Allston Elderly Homes Inc?
Brighton-Allston Elderly Homes Inc is a nonprofit organization situated in Braintree, Massachusetts. Their primary mission is to offer eighty rental units of housing on a non-profit basis, specifically catering to the needs of elderly individuals. This housing aims to address their physical, social, and psychological requirements, ensuring a supportive living environment for this group. The organization's activities are centered around providing suitable housing for the elderly, enhancing their overall well-being.
Official website here: www.mcnamarahouse.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Brighton-Allston Elderly Homes Inc has received a 73% rating from Charity Navigator, which indicates concerns regarding its overall accountability and financial transparency. While the organization has a fully independent board and demonstrates strong oversight through its audit and financial practices, it lacks essential policies such as a whistleblower policy and document retention policy, which are crucial for governance and accountability.
The organization has a commendable program expense ratio of 89.36%, suggesting that a significant portion of its resources is directed toward its mission-related programs. However, the liabilities to assets ratio raises flags, indicating potential financial instability or an over-reliance on liabilities, which has resulted in a score of 0 out of 15 points in that area. This financial imbalance could affect the organization's long-term sustainability.
Overall, while Brighton-Allston Elderly Homes Inc showcases strengths in board independence and program expenditure, areas for improvement in policy documentation and financial management are noted. These factors contribute to its two-star rating and highlight the need for strategic enhancements in governance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Brighton-Allston Elderly Homes Inc legitimate?
Brighton-Allston Elderly Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brighton-Allston Elderly Homes 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.
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Official website here: www.mcnamarahouse.com
What is the mission statement of Brighton-Allston Elderly Homes Inc?
Brighton-Allston Elderly Homes Inc's mission is centered around providing housing for elderly individuals. This organization operates on a non-profit basis, offering eighty rental units to cater to the elderly population's physical, social, and psychological needs. The primary goal is to create an environment that supports the overall well-being of its residents. The organization is dedicated to ensuring that elderly individuals have access to a secure living space that meets their diverse needs.
Official website here: www.mcnamarahouse.com
Who is the CEO of Brighton-Allston Elderly Homes Inc?
Karen Smith is the President of Brighton-Allston Elderly Homes Inc.
Official website here: www.mcnamarahouse.com
What is the revenue of Brighton-Allston Elderly Homes Inc?
Brighton-Allston Elderly Homes Inc's revenue in 2022 was $2,749,826.
Official website here: www.mcnamarahouse.com
Who are the executives of Brighton-Allston Elderly Homes Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.mcnamarahouse.com
Where can I find the form 990 for Brighton-Allston Elderly Homes Inc?
Brighton-Allston Elderly Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcnamarahouse.com
Learn more at the official website: www.mcnamarahouse.com
Mission Statement of Brighton-Allston Elderly Homes Inc
Brighton-Allston Elderly Homes Inc, as a dedicated non-profit organization, is committed to providing eighty rental units of housing for elderly individuals. Their mission goes beyond just offering housing; it's about addressing the comprehensive needs of seniors. They strive to fulfill the physical, social, and psychological needs of these elderly residents, ensuring they live in a supportive environment. By providing housing on a non-profit basis, Brighton-Allston Elderly Homes Inc aims to make quality living more accessible for this vulnerable group, thereby enhancing their overall well-being.
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Impact
July, 2024
Brighton-Allston Elderly Homes Inc's impact lies in providing a vital resource for elderly persons in the community. By offering eighty rental units of housing on a non-profit basis, the organization addresses the physical, social, and psychological needs of older individuals. Through their mission, they ensure that elderly residents have a safe and supportive environment where they can live comfortably and access the care and assistance they require. This initiative plays a significant role in enhancing the quality of life for seniors and promoting their well-being.
This information is meant to be a general summary of Brighton-Allston Elderly Homes 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: $352,160
- Program Service Revenue: $352,467
- Gross Receipts: $2,749,826
Assets and Liabilities:
- Total Assets: $20,838,560
- Total Liabilities: $20,415,293
- Net Assets: $423,267
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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
$352,467
Organization Details
Founding Year
1978
Phone
(781) 849-0011Principal Officer
Karen Smith
Main Address
CO CORCORAN MGMT 100 GRANDVIEW RD, BRAINTREE, MA, 02184
Website
www.mcnamarahouse.comNTEE Category
Code: L22 - Housing
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