Overview
What is Charles H Farnsworth Housing Corporation?
Charles H. Farnsworth Housing Corporation is a nonprofit organization situated in Boston, Massachusetts. Their primary mission is to offer congregate housing facilities for elderly individuals of limited means who require assistance due to their inability to care for themselves. The corporation provides a 75-unit housing facility, equipped with amenities and services tailored to meet the physical, social, and psychological needs of its elderly residents. By doing so, they aim to foster their health, happiness, and overall well-being in their later years. The organization's goal is to promote a comfortable and supportive living environment for its elderly residents, enabling them to live with dignity and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Charles H Farnsworth Housing Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid level of performance in accountability and finance. This score indicates that the organization is effectively managing its resources, with a focus on transparency and governance. The strong Accountability & Finance score is driven by the presence of a fully independent board and a comprehensive array of policies in place for oversight.
Strengths of the organization include a high program expense ratio at 86.12%, showing that a significant majority of its funds are directed towards its mission-related activities. The organization also demonstrates robust financial governance practices, with audits conducted and documented board meeting minutes available. Their policies on conflict of interest and whistleblower protections further enhance their operational integrity.
However, the organization faces a challenge related to its liabilities to assets ratio, which scored 0 out of 15 points. This indicates potential concerns regarding the financial stability of the organization, suggesting a need for further scrutiny in this area to ensure ongoing sustainability and effectiveness in delivering its services.
This AI summary has been generated from information found on Charity Navigator.
Is Charles H Farnsworth Housing Corporation legitimate?
Charles H Farnsworth Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles H Farnsworth Housing 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: $286,488
For more financial information, click here
What is the mission statement of Charles H Farnsworth Housing Corporation?
The Charles H. Farnsworth Housing Corporation's mission is centered around providing congregate housing facilities for elderly individuals of limited means who find it challenging to care for themselves. The corporation aims to create an environment that caters to the elderly, offering facilities and services tailored to meet their physical, social, and psychological needs. This setting is designed to promote their health, happiness, and overall functionality in extended living. The corporation's goal is to ensure the elderly live in a supportive environment, enhancing their quality of life.
Who is the CEO of Charles H Farnsworth Housing Corporation?
Peter R Fenn Esq is the President of Charles H Farnsworth Housing Corporation.
What is the revenue of Charles H Farnsworth Housing Corporation?
Charles H Farnsworth Housing Corporation's revenue in 2022 was $1,723,033.
Who are the executives of Charles H Farnsworth Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Charles H Farnsworth Housing Corporation?
Charles H Farnsworth Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charles H Farnsworth Housing Corporation
Charles H. Farnsworth Housing Corporation is dedicated to providing congregate housing facilities for elderly individuals of limited means who find themselves unable to care for themselves. This nonprofit organization's mission is centered around creating living spaces that cater to the unique physical, social, and psychological needs of its residents, aiming to promote their health, happiness, and overall usefulness in extended living. The corporation's facilities are meticulously designed to offer a supportive environment, ensuring the well-being of its elderly inhabitants.
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Impact
July, 2024
The Charles H Farnsworth Housing Corporation's impact lies in providing congregate housing facilities for elderly individuals of limited means who are unable to care for themselves. By offering 75 low-income housing units specifically designed to meet the physical, social, and psychological needs of the elderly in Boston, MA, this organization promotes the health, happiness, and usefulness of its residents in longer living. Through their dedicated services, they contribute to enhancing the quality of life for this vulnerable population.
This information is meant to be a general summary of Charles H Farnsworth Housing 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 2022.
- Investment Income: $14,379
- Program Service Revenue: $1,705,297
- Gross Receipts: $1,723,033
Assets and Liabilities:
- Total Assets: $18,081,304
- Total Liabilities: $18,016,495
- Net Assets: $64,809
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,696,158
LAUNDRY INCOME
Revenue
$9,139
Organization Details
Founding Year
1979
Phone
(617) 363-2300Principal Officer
Peter R Fenn Esq
Main Address
ONE FLORENCE STREET, BOSTON, MA, 02131
NTEE Category
Code: P75Z - Human services
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