Overview
What is Fields Corner Community Development Corp?
Fields Corner Community Development Corp is a nonprofit organization situated in Dorchester, Massachusetts, specifically at ONE ARCADIA PLACE, 02122. Their primary mission is to uplift the Fields Corner neighborhood in Dorchester, MA, by focusing on economic development, community education, and housing rehabilitation and development. With a team of 16 dedicated individuals, they strive to improve the area's living conditions and foster a sense of community. Their activities encompass various initiatives aimed at revitalizing the neighborhood and bettering the lives of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Fields Corner Community Development Corp has received a Three-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The rating is based entirely on the organization's performance in this area, which scored an impressive 82%. This suggests that the nonprofit maintains a solid financial foundation and adheres to best practices in financial management.
The organization demonstrates exemplary governance with 100% of its board members being independent, which enhances transparency and accountability. They have a robust financial health profile, evidenced by a low liabilities to assets ratio of 22.19% and a high program expense ratio of 76.98%, indicating that the majority of its expenses are directed toward its mission-driven programs.
While the overall score is commendable, it is derived solely from financial metrics, which may limit insights into other critical aspects such as program effectiveness or community impact. Nonetheless, Fields Corner Community Development Corp appears to be well-managed financially, with sound governance practices in place.
This AI summary has been generated from information found on Charity Navigator.
Is Fields Corner Community Development Corp legitimate?
Fields Corner Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fields Corner Community Development Corp 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: $697,228
For more financial information, click here
What is the mission statement of Fields Corner Community Development Corp?
The Fields Corner Community Development Corp was established with the aim of enhancing a specific neighborhood through economic development, community education, and housing rehabilitation and development. Its mission is to improve the living conditions and opportunities in this community by fostering economic growth, promoting education, and facilitating the renovation and development of housing. The corporation manages several low-income properties to support this mission and contribute to the overall betterment of the community.
Who is the CEO of Fields Corner Community Development Corp?
Ellen Mason is the President of Fields Corner Community Development Corp.
What is the revenue of Fields Corner Community Development Corp?
Fields Corner Community Development Corp's revenue in 2022 was $858,841.
Who are the executives of Fields Corner Community Development Corp and what are their salaries?
The average compensation at Fields Corner Community Development Corp during 2022 was $43,577. There are 16 employees at Fields Corner Community Development Corp.
Here are 6 key members and their salaries:
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- Compensation: $91,811
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Where can I find the form 990 for Fields Corner Community Development Corp?
Fields Corner Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fields Corner Community Development Corp
Fields Corner Community Development Corp, a nonprofit organization, was established with a mission to enhance the welfare of its community. With a focus on Dorchester, Massachusetts, this corporation aims to improve the area through three primary avenues: economic development, community education, and housing rehabilitation and development. By engaging in these activities, Fields Corner Community Development Corp seeks to uplift the local community and create a better living environment for its residents.
The organization's approach to achieving its mission is multifaceted. It manages several low-income properties in Dorchester, demonstrating its commitment to improving housing conditions in the neighborhood. By offering affordable housing options, Fields Corner Community Development Corp ensures that residents have access to decent living spaces, which is a fundamental component of a thriving community.
In addition to housing, the corporation also invests in community education. This initiative not only equips local residents with valuable skills and knowledge but also fosters a sense of community engagement and empowerment. By promoting education, Fields Corner Community Development Corp contributes to a more informed and active community that can participate in shaping its own future.
In summary, Fields Corner Community Development Corp is a nonprofit organization dedicated to improving the Fields Corner neighborhood in Dorchester, Massachusetts. It achieves this mission through economic development, community education, and housing rehabilitation and development, making significant strides in providing decent living spaces and promoting community engagement and education.
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Impact
July, 2024
Fields Corner Community Development Corp's impact can be seen through its efforts to improve the Fields Corner neighborhood of Dorchester, MA. By focusing on economic development, community education, and housing rehabilitation and development, the organization plays a vital role in enhancing the quality of life for residents in the area. Through managing several low-income properties in Dorchester, MA, Fields Corner CDC provides affordable housing options for those in need. Additionally, their work contributes to the overall revitalization and sustainability of the community, making it a more vibrant and thriving place to live.
This information is meant to be a general summary of Fields Corner Community Development Corp. 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: $148
- Program Service Revenue: $716,449
- Gross Receipts: $858,841
Assets and Liabilities:
- Total Assets: $917,469
- Total Liabilities: $68,381
- Net Assets: $849,088
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCATION OF SALARY A
Revenue
$813,737
MANAGEMENT FEES
Revenue
$311,236
GAINS (LOSSES) FROM SU
Revenue
-$408,524
Organization Details
Founding Year
1980
Phone
(617) 282-4290Principal Officer
Ellen Mason
Main Address
ONE ARCADIA PLACE, DORCHESTER, MA, 02122
NTEE Category
Code: L20Z - Housing
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