Overview
What is Hanover Legion Elderly Housing Corporation?
Hanover Legion Elderly Housing Corporation is a nonprofit organization situated in Braintree, Massachusetts. Their primary focus is to offer affordable housing solutions for elderly individuals with low income, catering to their physical, social, and psychological needs. To accomplish this mission, they provide 60 rental units, operating on a non-profit basis. The organization's aim is to enhance the quality of life for the elderly by providing a secure and supportive living environment.
Official website here: www.hanoverlegion.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Hanover Legion Elderly Housing Corporation has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain areas. With an overall score of 69%, the organization demonstrates some strengths, particularly in governance with 100% independent board members and a strong financial oversight structure. Its program expense ratio is commendable at 92.38%, suggesting that the majority of its expenditures go towards programs.
However, the organization faces significant limitations, primarily in its accountability policies. It lacks essential documents such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, each receiving a score of zero. Additionally, the liabilities to assets ratio is concerning at 112.20%, highlighting potential financial risk.
While the organization appears committed to serving its mission, the noted deficiencies in policies and financial ratios might affect its long-term sustainability and public trust. Addressing these issues would be crucial for Hanover Legion Elderly Housing Corporation to enhance its operational effectiveness and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Hanover Legion Elderly Housing Corporation legitimate?
Hanover Legion Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanover Legion Elderly 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: $0
For more financial information, click here
Official website here: www.hanoverlegion.com
What is the mission statement of Hanover Legion Elderly Housing Corporation?
The Hanover Legion Elderly Housing Corporation's mission is centered around providing sixty rental units of housing for elderly individuals with low income. Their objective is to offer this housing on a non-profit basis, aiming to cater to the physical, social, and psychological needs of the elderly residents. The corporation's primary goal is to make a positive impact on the lives of these elderly individuals, ensuring they have a comfortable and supportive living environment.
Official website here: www.hanoverlegion.com
Who is the CEO of Hanover Legion Elderly Housing Corporation?
Thomas Bailey is the President of Hanover Legion Elderly Housing Corporation.
Official website here: www.hanoverlegion.com
What is the revenue of Hanover Legion Elderly Housing Corporation?
Hanover Legion Elderly Housing Corporation's revenue in 2022 was $1,205,924.
Official website here: www.hanoverlegion.com
Who are the executives of Hanover Legion Elderly Housing Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.hanoverlegion.com
Where can I find the form 990 for Hanover Legion Elderly Housing Corporation?
Hanover Legion Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hanoverlegion.com
Learn more at the official website: www.hanoverlegion.com
Mission Statement of Hanover Legion Elderly Housing Corporation
Hanover Legion Elderly Housing Corporation is a non-profit organization with a mission to provide sixty rental units of housing for elderly individuals with low income. Their primary goal is to cater to the physical, social, and psychological needs of these elderly residents. By offering affordable housing, the corporation aims to enhance the quality of life for elderly persons, ensuring they have a supportive living environment that addresses their unique needs. The organization's mission is driven by a commitment to providing a safe and nurturing living space for elderly individuals, allowing them to maintain their independence and dignity while receiving necessary care and support.
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Impact
July, 2024
Hanover Legion Elderly Housing Corporation's impact lies in the provision of essential housing for elderly individuals with low income in Braintree, MA. By offering sixty rental units, the organization addresses the pressing need for affordable and supportive living arrangements for this vulnerable demographic. Through its mission to meet the physical, social, and psychological needs of elderly residents, Hanover Legion Elderly Housing Corporation plays a vital role in enhancing the quality of life and well-being of its community members. In doing so, the organization contributes to ensuring that elderly individuals have a safe and stable environment in which to thrive and maintain their independence.
This information is meant to be a general summary of Hanover Legion Elderly 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: $10,440
- Program Service Revenue: $356,719
- Gross Receipts: $1,205,924
Assets and Liabilities:
- Total Assets: $2,711,661
- Total Liabilities: $3,042,577
- Net Assets: -$330,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME TENANTS
Revenue
$356,719
Organization Details
Founding Year
1979
Phone
(781) 849-0011Principal Officer
Thomas Bailey
Main Address
CO CORCORAN MGMT 100 GRANDVIEW RD, BRAINTREE, MA, 02184
Website
www.hanoverlegion.comNTEE Category
Code: L22Z - Housing
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