Overview
What is Hubbardston Elderly Housing Inc?
Hubbardston Elderly Housing Inc is a nonprofit organization situated in Worcester, Massachusetts, specifically at 191 May Street. Its primary mission is to make affordable residential housing available for elderly individuals residing in Hubbardston, Massachusetts. To accomplish this goal, the organization engages in various activities, including acquiring, constructing, and rehabilitating suitable properties. The ultimate aim is to provide a comfortable living environment for the elderly population within the specified location.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Hubbardston Elderly Housing Inc received a Three-Star rating from Charity Navigator, indicating a strong level of accountability and finance management. The organization excelled in several areas, notably achieving 100% for having an independent board and a solid program expense ratio of 92.40%. This reflects a commitment to prioritizing funds for its programs and services, which is critical for nonprofit effectiveness.
However, the nonprofit does have some limitations that were identified in the evaluation. Notably, it lacks a whistleblower policy and a document retention and destruction policy, both of which are considered important for transparency and governance. Additionally, the organization has not posted its tax form on its website, which could limit public access to important financial information.
Overall, Hubbardston Elderly Housing Inc demonstrates a strong commitment to financial accountability, but addressing the noted gaps in policy could enhance its governance and transparency efforts. These improvements could further strengthen trust among stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Hubbardston Elderly Housing Inc legitimate?
Hubbardston Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hubbardston Elderly Housing 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: $0
For more financial information, click here
What is the mission statement of Hubbardston Elderly Housing Inc?
Hubbardston Elderly Housing Inc is committed to providing affordable residential housing for elderly individuals. Their mission is to acquire, construct, rehabilitate, and operate such housing facilities within their capabilities. The primary objective of this organization is to offer a living space that is within the financial reach of elderly persons, thereby ensuring they have a comfortable and dignified living environment.
Who is the CEO of Hubbardston Elderly Housing Inc?
Brian Scales is the Director of Hubbardston Elderly Housing Inc.
What is the revenue of Hubbardston Elderly Housing Inc?
Hubbardston Elderly Housing Inc's revenue in 2022 was $549,425.
Who are the executives of Hubbardston Elderly Housing Inc and what are their salaries?
Here are 6 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: $288,400
- Other: $15,221
- Compensation: $0
- Related: $157,644
- Other: $9,178
- Compensation: $0
- Related: $73,027
- Other: $4,318
Where can I find the form 990 for Hubbardston Elderly Housing Inc?
Hubbardston Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hubbardston Elderly Housing Inc
Hubbardston Elderly Housing Inc is dedicated to providing affordable residential housing for elderly individuals. Their mission is to acquire, construct, rehabilitate, and operate a total of 36 units of residential housing specifically designed for the elderly population. This nonprofit organization aims to contribute to the welfare of elderly individuals by offering them a suitable living space in Hubbardston, Massachusetts. By providing affordable housing, Hubbardston Elderly Housing Inc seeks to ensure that elderly persons can maintain their independence and dignity while living in a secure and comfortable environment.
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Impact
July, 2024
Hubbardston Elderly Housing Inc's impact is evident in the provision of affordable residential housing for elderly individuals in Hubbardston, Massachusetts. By acquiring, constructing, rehabilitating, and operating 36 units of affordable housing, this organization plays a vital role in addressing the housing needs of the elderly population in the area. Through their mission to provide safe and affordable housing options, Hubbardston Elderly Housing Inc positively impacts the lives of elderly residents, ensuring they have a comfortable and secure place to call home.
This information is meant to be a general summary of Hubbardston Elderly Housing 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: $22
- Program Service Revenue: $169,248
- Gross Receipts: $549,425
Assets and Liabilities:
- Total Assets: $3,382,876
- Total Liabilities: $1,867,881
- Net Assets: $1,514,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$169,248
Organization Details
Founding Year
1983
Phone
(978) 630-6600Principal Officer
Brian Scales
Main Address
191 MAY STREET, WORCESTER, MA, 01602
NTEE Category
Code: L21Z - Housing
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