Overview
What is Stow Elderly Housing Corporation?
Stow Elderly Housing Corporation is a nonprofit organization located in Stow, Massachusetts, specifically at 22 Johnston Way. Its primary mission is to aid in the acquisition, improvement, and accessibility of housing for low-income elderly and handicapped individuals. The corporation's activities are centered around providing specialized housing facilities and services that cater to the physical, social, and psychological needs of these individuals, aiming to promote their health, security, happiness, and usefulness in longer living. The organization's goal is to enhance the quality of life for the elderly and handicapped in the Stow area of Massachusetts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Stow Elderly Housing Corporation has received a low rating of 58%, indicating significant areas for improvement in accountability and finance. While the organization excels in aspects such as having an independent board and a high program expense ratio of 85.74%, it has serious deficiencies in governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policies contributes to its rating.
The organization's strengths include full compliance with documenting board meeting minutes and maintaining a majority independent board. However, its liabilities to assets ratio is concerning at 86.23%, suggesting potential financial sustainability issues. These financial weaknesses, combined with the lack of essential governance measures, raise questions about its overall management and operational practices.
Overall, while Stow Elderly Housing Corporation demonstrates a commitment to its programmatic mission, the critical gaps in governance and financial management must be addressed to improve its accountability and transparency. This nonprofit needs to implement necessary policies to enhance trust and efficacy moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Stow Elderly Housing Corporation legitimate?
Stow Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stow 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
What is the mission statement of Stow Elderly Housing Corporation?
The Stow Elderly Housing Corporation's mission is centered around providing housing facilities and services for elderly and handicapped individuals of low income. This organization strives to fulfill their physical, social, and psychological needs, promoting their health, security, happiness, and usefulness in longer living. Their goal is to enhance the living conditions for low-income persons and families in the relevant area, aiding in the acquisition, improvement, and accessibility of housing facilities.
Who is the CEO of Stow Elderly Housing Corporation?
Victoria Blake is the Principal Officer of Stow Elderly Housing Corporation.
What is the revenue of Stow Elderly Housing Corporation?
Stow Elderly Housing Corporation's revenue in 2022 was $101,869.
Who are the executives of Stow Elderly Housing Corporation and what are their salaries?
There 7 volunteers at Stow Elderly Housing Corporation.
Here are 7 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
Where can I find the form 990 for Stow Elderly Housing Corporation?
Stow Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stow Elderly Housing Corporation
Stow Elderly Housing Corporation is committed to providing low-income housing for the elderly and handicapped. Their mission is primarily focused on offering specialized housing facilities and services that cater to the unique physical, social, and psychological needs of this demographic. The corporation aims to enhance the health, security, happiness, and overall usefulness of elderly and handicapped individuals, enabling them to live comfortably and with dignity in their later years.
In line with this mission, the corporation plays a significant role in facilitating the acquisition, improvement, and accessibility of housing for low-income individuals and families in the Stow area of Massachusetts. By doing so, they contribute to the overall well-being of the elderly and handicapped population, providing them with a secure and supportive environment that promotes their independence and quality of life. The corporation's efforts are instrumental in ensuring that elderly and handicapped individuals can age gracefully, with the necessary support and resources to maintain their health and happiness.
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
October, 2024
Stow Elderly Housing Corporation significantly impacts the Stow, Massachusetts community by providing low-income housing specifically designed for elderly and handicapped individuals. The organization focuses on improving the accessibility and quality of housing for those in need, ensuring that residents can enjoy facilities and services tailored to support their physical, social, and psychological well-being.
By promoting health, security, happiness, and a sense of usefulness, the corporation helps elderly residents maintain their independence while fostering a supportive community atmosphere. This commitment not only addresses the immediate housing needs of low-income seniors but also enhances their overall quality of life, allowing them to thrive in their golden years. Through its efforts, Stow Elderly Housing Corporation contributes to building a more inclusive and compassionate environment for vulnerable populations in the area.
This information is meant to be a general summary of Stow 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.
- Program Service Revenue: $101,869
- Gross Receipts: $101,869
Assets and Liabilities:
- Total Assets: $3,779,045
- Total Liabilities: $3,258,693
- Net Assets: $520,352
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.
GROUND LEASE RENTAL
Revenue
$101,869
Organization Details
Founding Year
1981
Phone
(978) 897-4404Principal Officer
Victoria Blake
Main Address
22 JOHNSTON WAY, STOW, MA, 01775
NTEE Category
Code: L20Z - Housing
If you are a representative of Stow Elderly Housing 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.