Overview
What is Nantucket Community Service Inc?
Nantucket Community Service Inc is a nonprofit organization that prioritizes affordable housing for low-income and disabled elderly residents residing on the island of Nantucket. They accomplish this by collaborating with the Farmers Home Administration through a loan and rental subsidy agreement. Their primary mission is to provide a comfortable living space for this specific demographic, ensuring they have access to essential housing needs. By doing so, Nantucket Community Service Inc contributes to the well-being and security of the community's elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Nantucket Community Service Inc has received a 76% score from Charity Navigator, which translates to a Three-Star rating. This score reflects a strong emphasis on accountability and finance, with the organization achieving high marks for its independent board structure and the absence of any material diversion of assets. The charity scored particularly well in several areas, including an independent board and a robust financial oversight committee, indicating effective governance practices.
The organization has demonstrated a commendable program expense ratio of 87.25%, suggesting that a significant portion of its resources is directed towards its mission-driven activities. This is a positive indicator of the charity's commitment to its programs and services. Additionally, it has established a conflict of interest policy and maintains transparency through documented board meeting minutes, further enhancing its credibility.
However, the charity's liabilities to assets ratio of 62.71% raises some concerns, as it indicates a relatively high level of liabilities compared to its assets. This could suggest potential financial risks or challenges in fulfilling its obligations. Overall, while Nantucket Community Service Inc shows strong governance and program expenditure, the financial structure warrants monitoring to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Nantucket Community Service Inc legitimate?
Nantucket Community Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nantucket Community Service 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $155,810
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What is the mission statement of Nantucket Community Service Inc?
Nantucket Community Service Inc, in its mission, focuses on providing affordable housing for low-income and disabled elderly individuals. It achieves this objective through a strategic partnership with the Farmers Home Administration, utilizing loan and rent subsidies. The primary goal of this organization is to ensure that elderly residents have access to suitable housing accommodations despite their financial limitations.
Who is the CEO of Nantucket Community Service Inc?
Virginia Bretschneider is the Director of Nantucket Community Service Inc.
What is the revenue of Nantucket Community Service Inc?
Nantucket Community Service Inc's revenue in 2022 was $699,554.
Who are the executives of Nantucket Community Service Inc and what are their salaries?
The average compensation at Nantucket Community Service Inc during 2022 was $77,905. There are 2 employees and 5 volunteers at Nantucket Community Service Inc.
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Where can I find the form 990 for Nantucket Community Service Inc?
Nantucket Community Service Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nantucket Community Service Inc
Nantucket Community Service, a renowned organization, is dedicated to the mission of providing low-income and disabled elderly residents with suitable housing. They accomplish this mission through a strategic arrangement with the Farmers Home Administration, offering a loan/rent subsidy. This arrangement allows the organization to operate a housing facility, catering specifically to the needs of the elderly population in Nantucket. The primary goal of Nantucket Community Service is to make affordable housing available to this vulnerable group, ensuring they can age with dignity and comfort.
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Impact
July, 2024
Nantucket Community Service Inc has a significant impact on the community by providing essential housing for low-income and disabled elderly residents of Nantucket. Through a loan/rent subsidy arrangement with the Farmers Home Administration, this organization ensures that vulnerable members of the community have a safe and affordable place to live. By focusing on the specific needs of this demographic, Nantucket Community Service Inc plays a crucial role in addressing the housing challenges faced by low-income elderly individuals on the island.
This information is meant to be a general summary of Nantucket Community Service 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: $55
- Program Service Revenue: $353,239
- Gross Receipts: $699,554
Assets and Liabilities:
- Total Assets: $1,824,354
- Total Liabilities: $1,144,061
- Net Assets: $680,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL SUBSIDIES
Revenue
$139,052
RENTAL INCOME - TENANT
Revenue
$109,222
INTEREST SUBSIDIES
Revenue
$101,348
MISCELLANEOUS INCOME
Revenue
$3,617
Organization Details
Founding Year
1983
Phone
(508) 228-6888Principal Officer
Virginia Bretschneider
Main Address
144 ORANGE STREET, NANTUCKET, MA, 02554
NTEE Category
Code: L22 - Housing
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