Overview
What is Housing For Rockdale Elders Inc?
Housing For Rockdale Elders Inc is a nonprofit organization situated in Worcester, Massachusetts, with an address at 191 May Street. Their primary mission is to provide affordable residential housing for elderly individuals, specifically in Northbridge, Massachusetts. To accomplish this goal, they undertake various activities such as acquiring, constructing, rehabilitating, and operating 40 units of housing for the elderly. By doing so, they aim to contribute positively to the living conditions of this specific demographic in the Northbridge area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%)
Housing For Rockdale Elders Inc has received a two-star rating indicating that there are significant areas needing attention. The organization has an overall score of 64%, with a strong performance in program expenses, showing that nearly 90% of its budget is directed towards its primary mission. However, the financial stability is concerning, reflected in a liabilities to assets ratio of 274.80%, which raises red flags about the organization’s overall financial health.
The charity boasts a fully independent board, which is a positive aspect of its governance, receiving top marks in this area. Additionally, there are no reported issues regarding material diversions of assets, and the organization has robust auditing practices in place. However, weaknesses are observed in transparency, as the organization fails to provide a website link on its tax forms and does not have vital policies such as a whistleblower policy or a document retention policy in place.
Overall, while Housing For Rockdale Elders Inc demonstrates a commitment to its mission through high program expense ratios and an independent governance structure, it faces challenges with financial liabilities and transparency that need to be addressed for improved accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Housing For Rockdale Elders Inc legitimate?
Housing For Rockdale Elders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing For Rockdale Elders 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 Housing For Rockdale Elders Inc?
Housing For Rockdale Elders Inc's mission is centered around providing affordable residential housing for elderly individuals. This mission is carried out through various activities, including acquiring, constructing, rehabilitating, and operating such housing units. The primary goal is to make housing accessible for the elderly, ensuring they can live with dignity and security. The organization's mission does not specify a particular location, indicating its commitment to serving elderly persons across various communities.
Who is the CEO of Housing For Rockdale Elders Inc?
Brian Scales is the Director of Housing For Rockdale Elders Inc.
What is the revenue of Housing For Rockdale Elders Inc?
Housing For Rockdale Elders Inc's revenue in 2022 was $530,810.
Who are the executives of Housing For Rockdale Elders Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $157,644
- Other: $9,178
- Compensation: $0
- Related: $288,400
- Other: $15,221
- Compensation: $0
- Related: $73,027
- Other: $4,318
Where can I find the form 990 for Housing For Rockdale Elders Inc?
Housing For Rockdale Elders Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing For Rockdale Elders Inc
Housing For Rockdale Elders Inc is committed to providing affordable residential housing for elderly individuals. This nonprofit organization's mission is to acquire, construct, rehabilitate, and operate 40 units of such housing in Northbridge, Massachusetts. By doing so, Housing For Rockdale Elders Inc aims to contribute to the well-being and comfort of the elderly population, offering them a secure and affordable living space. The organization's efforts are geared towards providing a home where elderly individuals can live with dignity and independence, fostering a sense of community and support among its residents.
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Impact
July, 2024
Housing For Rockdale Elders Inc provides a vital service by offering affordable residential housing for elderly persons in Northbridge, Massachusetts. Their mission to acquire, construct, rehabilitate, and operate 40 units of affordable housing directly impacts the lives of senior citizens in the community. By fulfilling this mission, Housing For Rockdale Elders Inc enables elderly individuals to access safe and comfortable living arrangements, ensuring their well-being and quality of life. This organization plays a crucial role in addressing the housing needs of the elderly population in Northbridge, ultimately contributing to the overall welfare of the community.
This information is meant to be a general summary of Housing For Rockdale Elders 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: $54
- Program Service Revenue: $179,710
- Gross Receipts: $530,810
Assets and Liabilities:
- Total Assets: $629,224
- Total Liabilities: $1,729,126
- Net Assets: -$1,099,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$179,710
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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