Overview
What is Grafton Housing Associates Inc?
Grafton Housing Associates Inc is a nonprofit organization situated in South Grafton, Massachusetts. Their primary focus is to provide housing solutions, specifically managing 48 units of multi-family housing within the region. This organization is dedicated to serving both elderly and handicapped individuals, offering facilities and services tailored to meet their unique physical, social, and psychological needs. Additionally, Grafton Housing Associates Inc provides housing opportunities for low-income families and families displaced from urban renewal areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Grafton Housing Associates Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The rating is based on a comprehensive evaluation of various financial metrics, showcasing a high level of transparency and effective governance. The organization boasts a fully independent board and demonstrates rigorous oversight through its audit and oversight committee.
The financial health of Grafton Housing Associates is impressive, with a program expense ratio of 93.56%, indicating that the majority of its funds are directed towards programs rather than administrative costs. Additionally, the organization maintains a low liabilities to assets ratio of 37.97%, signaling a solid balance sheet and financial stability. The presence of well-defined policies, including conflict of interest and whistleblower protocols, further underscores its commitment to ethical practices.
While the ratings are quite favorable, the summary predominantly highlights financial metrics and governance without delving into programmatic impact or beneficiary feedback. As such, potential supporters might seek additional information regarding the effectiveness of its programs and the tangible outcomes achieved for the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Grafton Housing Associates Inc legitimate?
Grafton Housing Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grafton Housing Associates Inc 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.
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What is the mission statement of Grafton Housing Associates Inc?
Grafton Housing Associates Inc's mission is centered around providing suitable housing facilities and services for elderly and handicapped individuals, catering to their unique physical, social, and psychological needs. Additionally, the organization offers housing options for low-income families and families displaced from urban renewal areas. The primary objective of Grafton Housing Associates Inc is to ensure that these individuals and families have access to comfortable and supportive living environments.
Who is the CEO of Grafton Housing Associates Inc?
Justin Phillips is the President of Grafton Housing Associates Inc.
What is the revenue of Grafton Housing Associates Inc?
Grafton Housing Associates Inc's revenue in 2022 was $992,349.
Who are the executives of Grafton Housing Associates Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Grafton Housing Associates Inc?
Grafton Housing Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grafton Housing Associates Inc
Grafton Housing Associates Inc is an organization committed to providing housing facilities and services tailored to meet the unique needs of elderly and handicapped individuals. Recognizing the physical, social, and psychological requirements of this demographic, the nonprofit aims to create an environment that caters to their specific needs. Moreover, Grafton Housing Associates Inc extends its services to low- and moderate-income families and families displaced from urban renewal areas, offering them secure housing solutions. By owning and operating 48 units of multi-family housing, this nonprofit seeks to make a tangible impact on the lives of these vulnerable groups, providing them with a sense of stability and security.
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Impact
July, 2024
Grafton Housing Associates Inc's impact lies in providing housing solutions for elderly and handicapped individuals in Grafton, Massachusetts. By owning and operating 48 units of multi-family housing specifically designed to meet the physical, social, and psychological needs of this vulnerable population, Grafton Housing Associates Inc contributes to improving the quality of life for those in need. Additionally, the organization provides housing options for low and moderate-income families as well as families displaced from urban renewal areas, addressing the pressing issue of affordable housing in the community. Through these initiatives, Grafton Housing Associates Inc plays a crucial role in supporting and empowering individuals and families to secure stable and secure housing options.
This information is meant to be a general summary of Grafton Housing Associates Inc. 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: $1,790
- Program Service Revenue: $271,660
- Gross Receipts: $992,349
Assets and Liabilities:
- Total Assets: $976,619
- Total Liabilities: $244,249
- Net Assets: $732,370
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$271,660
Organization Details
Founding Year
1979
Phone
(508) 839-5605Principal Officer
Justin Phillips
Main Address
13 ZGONIS DRIVE, SOUTH GRAFTON, MA, 015601152
NTEE Category
Code: L22Z - Housing
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