Overview
What is Tent City Corporation?
Tent City Corporation is a community development corporation based in Boston, Massachusetts, specifically at 130 Dartmouth Street, with a ZIP code of 02116. Established with a mission to provide affordable housing and related services, they operate various facilities. Their primary program encompasses 269 units of mixed-income housing, 129 underground parking spaces, and approximately 8,900 square feet of commercial space. Furthermore, the organization manages 30 units of low to moderate mixed-income housing under a different program. As a community-focused organization, Tent City Corporation strives for neighborhood development with citizen involvement and aims to provide decent, affordable housing for displaced or inadequately housed residents in the South End/Lower Roxbury Urban Renewal Area of Boston.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Tent City Corporation has received a rating of 64%, resulting in a Two-Star out of Four Stars designation from Charity Navigator. The organization demonstrates strong governance with 100% independent board members and effective policies in place, such as a conflict of interest policy and a whistleblower policy. However, the lack of financial transparency, as evidenced by missing financial statements and tax forms on their website, significantly contributes to their low overall score.
The organization shows a high program expense ratio of 91.54%, indicating a strong focus on delivering services rather than administrative costs. Nonetheless, the liabilities to assets ratio is concerning at 172.56%, suggesting financial instability. While the organization has strengths in governance and program spending, the financial management aspects need considerable improvement to enhance trust and accountability.
Overall, while Tent City Corporation excels in certain governance practices, the absence of financial documentation and the high liabilities indicate areas that require urgent attention for future growth and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Tent City Corporation legitimate?
Tent City Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tent City Corporation 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: $605,363
For more financial information, click here
What is the mission statement of Tent City Corporation?
Tent City Corporation, functioning as a community development corporation, is dedicated to promoting neighborhood development with citizen involvement. Its primary mission is to provide decent and affordable housing for displaced or inadequately housed residents, focusing on the South End/Lower Roxbury Urban Renewal Area in an unspecified city. Through this commitment, the organization operates various housing units, parking spaces, and commercial spaces, totaling 269 units, 129 underground parking spaces, and approximately 8,900 square feet of commercial space. Furthermore, the agency oversees 30 units of low to moderate mixed-income housing under this program.
Who is the CEO of Tent City Corporation?
Vanessa Saulsberry is the Chairperson of Tent City Corporation.
What is the revenue of Tent City Corporation?
Tent City Corporation's revenue in 2021 was $6,196,753.
Who are the executives of Tent City Corporation and what are their salaries?
There 15 volunteers at Tent City Corporation.
Here are 10 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tent City Corporation?
Tent City Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Tent City Corporation
Tent City Corporation, as a community development corporation, is dedicated to promoting neighborhood development with citizen involvement. Its primary mission is to provide decent, affordable housing for displaced or inadequately housed residents in the South End/Lower Roxbury urban renewal area of Boston. The organization operates various housing programs, including 269 units of mixed-income housing, 129 underground parking spaces, and approximately 8,900 square feet of commercial space in Boston, Massachusetts. In addition, Tent City Corporation manages 30 units of low to moderate mixed-income housing under another program. The corporation's goal is to contribute to the community's development and provide housing solutions for individuals who are in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Tent City Corporation's impact can be seen in its provision of affordable housing and related services in the South End/Lower Roxbury urban renewal area of Boston, Massachusetts. Through its real estate operations, the organization manages 269 units of mixed-income housing, 129 underground parking spaces, and approximately 8,900 square feet of commercial space. Additionally, Tent City Corporation operates 30 units of low to moderate mixed-income housing, contributing to neighborhood development with citizen involvement and ensuring decent and affordable housing for displaced or inadequately housed residents. This demonstrates the organization's commitment to addressing housing needs and promoting community development in the Boston area.
This information is meant to be a general summary of Tent City Corporation. 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 2021.
- Investment Income: $3,462
- Program Service Revenue: $6,140,503
- Gross Receipts: $6,196,753
Assets and Liabilities:
- Total Assets: $46,310,020
- Total Liabilities: $74,284,548
- Net Assets: -$27,974,528
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$6,140,503
Organization Details
Founding Year
1979
Phone
(617) 262-4103Principal Officer
Vanessa Saulsberry
Main Address
130 DARTMOUTH STREET, BOSTON, MA, 02116
NTEE Category
Code: L21 - Housing
If you are a representative of Tent City Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.