Overview
What is Cambridge Cooperative Club Trust?
The Cambridge Cooperative Club Trust is a nonprofit organization situated in Cambridge, Massachusetts, specifically at 64 Wendell St. Their primary mission is to offer affordable housing to individuals who embrace the concept of cooperative living. In 2022, they continued to face challenges related to retaining members due to the effects of the COVID-19 pandemic. This led to the postponement of repair projects and reduced capacity in managing cooperative groups. Despite these challenges, the members remained active in their community, providing volunteer service, exchanging knowledge, practicing arts, minimizing their environmental impact, and advocating for cooperative living. The Trust's members have a shared commitment to living cooperatively, resulting in a supportive community and a reduced ecological footprint.
Official website here: www.cambridgecoop.wordpress
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Cambridge Cooperative Club Trust has achieved a score of 76%, resulting in a Three-Star rating based on its Accountability & Finance practices. This score suggests that the organization has a solid level of accountability, particularly highlighted by its independent board composition and the absence of material asset diversion. The charity maintains a favorable liabilities to assets ratio, indicating strong financial stability.
Strengths of the organization include having a fully independent board and a program expense ratio of 100%, which demonstrates a commitment to directing funds towards its programs. The presence of board meeting minutes is also a positive aspect, showcasing transparency in governance. However, the charity has been noted for missing several important policies, including conflict of interest and whistleblower policies, which could raise concerns regarding governance practices.
Overall, while the Cambridge Cooperative Club Trust exhibits commendable financial accountability and governance strengths, the absence of essential policies suggests areas for improvement. Addressing these missing elements could enhance the organization's overall rating and effectiveness in operations.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Cooperative Club Trust legitimate?
Cambridge Cooperative Club Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Cooperative Club Trust 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.cambridgecoop.wordpress
What is the mission statement of Cambridge Cooperative Club Trust?
The Cambridge Cooperative Club Trust's mission is centered around providing affordable housing options for individuals who are committed to living cooperatively in a group setting. The trust aims to facilitate an environment that fosters community, volunteer work, sharing of knowledge, artistic pursuits, and environmental consciousness. Due to the impacts of the COVID-19 pandemic, the trust has faced challenges in retaining members and has deferred some repair projects due to reduced management capacity within the cooperative groups.
Official website here: www.cambridgecoop.wordpress
What is the revenue of Cambridge Cooperative Club Trust?
Cambridge Cooperative Club Trust's revenue in 2023 was $53,074.
Official website here: www.cambridgecoop.wordpress
Who are the executives of Cambridge Cooperative Club Trust and what are their salaries?
There 15 volunteers at Cambridge Cooperative Club Trust.
Here are 5 key members and their salaries:
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Official website here: www.cambridgecoop.wordpress
Where can I find the form 990 for Cambridge Cooperative Club Trust?
Cambridge Cooperative Club Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cambridgecoop.wordpress
Learn more at the official website: www.cambridgecoop.wordpress
Mission Statement of Cambridge Cooperative Club Trust
The Cambridge Cooperative Club Trust, as a mission-driven organization, is dedicated to offering affordable, reasonable housing options for individuals who embrace the concept of cooperative group living. This nonprofit serves as a facilitator, providing a living space that encourages community and shared resources among its members. Despite facing challenges due to the COVID-19 pandemic, the Trust continued to uphold its commitment to providing low-cost housing. The members of the Cambridge Cooperative Club Trust are actively involved in their community, volunteering their time and skills, sharing knowledge, and pursuing artistic endeavors. They also strive to minimize their environmental footprint and support the broader cooperative movement. In summary, the Cambridge Cooperative Club Trust is a housing provider that fosters a sense of community and shared responsibility among its members, promoting a sustainable and cooperative living environment.
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Impact
August, 2024
The impact of the Cambridge Cooperative Club Trust is in providing reasonable low-cost alternative housing for people committed to cooperative group living. Despite challenges such as retaining members and deferred repair projects due to reduced management capacity post-COVID pandemic, the Trust continues to facilitate cooperative group living. Members contribute to the community through volunteer service, knowledge sharing, arts practice, reducing ecological footprint, and supporting the cooperative movement. This impact aligns with the Trust's mission of providing affordable housing for individuals committed to cooperative living in Cambridge, MA.
This information is meant to be a general summary of Cambridge Cooperative Club Trust. 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 2023.
- Investment Income: $513
- Gross Receipts: $53,074
Assets and Liabilities:
- Total Assets: $1,509,538
- Total Liabilities: $0
- Net Assets: $1,509,538
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Organization Details
Founding Year
1963
Principal Officer
Gregory S Lee
Website
www.cambridgecoop.wordpressNTEE Category
Code: P20 - Human services
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