Overview
What is Coalition For A Better Acre Inc?
Coalition For A Better Acre Inc is a nonprofit organization situated in Lowell, Massachusetts, specifically at 517 Moody Street, 01854. Their primary focus is on community development, offering support and training to facilitate the creation of affordable housing within the community. They also provide educational resources for residents residing in problematic housing situations. The organization is dedicated to this mission with a team of 13 employees, working tirelessly to make a positive impact on their community.
What are the reviews and ratings of this charity?
Charity Navigator rates Coalition For A Better Acre Inc at 90%, which qualifies the organization for a Four-Star out of Four Star rating. This score reflects strong performance in both Accountability & Finance and Culture & Community, indicating a well-managed nonprofit that prioritizes transparency and responsible financial practices.
The organization boasts 100% independent board members, and it has established comprehensive policies that promote accountability, including conflict of interest and whistleblower policies. The financial health of Coalition For A Better Acre is also commendable, with a low liabilities-to-assets ratio and a strong working capital ratio, suggesting prudent financial management.
While the ratings highlight significant strengths, the Culture & Community score indicates strong engagement with stakeholders and effective feedback collection and usage. Overall, Coalition For A Better Acre shows a robust commitment to operational excellence and community impact, although specific challenges or areas for improvement were not noted in the evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Coalition For A Better Acre Inc legitimate?
Coalition For A Better Acre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coalition For A Better Acre 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $438,583
Professional Fundraising Fees: $0
Other Salaries and Wages: $761,122
For more financial information, click here
What is the mission statement of Coalition For A Better Acre Inc?
The Coalition For A Better Acre Inc's mission is centered around community development. Their primary focus is to provide support and training to facilitate the development of affordable housing within the community. Additionally, they aim to educate residents about problem housing situations, empowering them to make informed decisions and improvements. Through these initiatives, the organization seeks to contribute to the betterment of the community and its residents.
Who is the CEO of Coalition For A Better Acre Inc?
Richard Chavez is the Treasurer of Coalition For A Better Acre Inc.
What is the revenue of Coalition For A Better Acre Inc?
Coalition For A Better Acre Inc's revenue in 2022 was $4,512,668.
Who are the executives of Coalition For A Better Acre Inc and what are their salaries?
The average compensation at Coalition For A Better Acre Inc during 2022 was $92,285. There are 13 employees at Coalition For A Better Acre Inc.
Here are 23 key members and their salaries:
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- Compensation: $76,765
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- Other: $11,715
Where can I find the form 990 for Coalition For A Better Acre Inc?
Coalition For A Better Acre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coalition For A Better Acre Inc
Coalition For A Better Acre Inc is committed to community development, with a primary focus on providing support and training to facilitate the creation of affordable housing in the local area. Beyond this, the organization also aims to educate residents about problem housing situations. By implementing these programs, Coalition For A Better Acre Inc aims to contribute positively to the community, making housing more accessible and helping residents improve their living conditions. The nonprofit's mission is to empower the community by fostering the development of affordable housing and educating residents about housing issues.
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Impact
July, 2024
The Coalition For A Better Acre Inc's impact includes providing support, training, and affordable housing for residents in the city of Lowell, MA. Through their community development programs, they work towards the development of affordable housing in the community and educate residents about housing issues. Their efforts have contributed to addressing housing challenges and improving the quality of life for residents in Lowell.
This information is meant to be a general summary of Coalition For A Better Acre 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: $716,944
- Program Service Revenue: $1,816,123
- Gross Receipts: $4,512,668
Assets and Liabilities:
- Total Assets: $36,090,256
- Total Liabilities: $12,181,321
- Net Assets: $23,908,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE TAX CREDIT PROCE
Revenue
$664,300
DEVELOPER OVERHEAD
Revenue
$538,951
TENANT RENTS (MSLP)
Revenue
$436,097
ASSET MANAGEMENT
Revenue
$176,775
Organization Details
Founding Year
1982
Phone
(978) 452-7523Principal Officer
Richard Chavez
Main Address
517 MOODY STREET, LOWELL, MA, 01854
NTEE Category
Code: L200 - Housing
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