Overview
What is Caritas Communities Inc?
Caritas Communities Inc, based in Braintree, Massachusetts, is a dedicated nonprofit organization specializing in property management and real estate development. With a team of 101 employees, they oversee 30 buildings in 14 Greater Boston communities, ensuring the standard of excellence required by their residents. The organization's mission is to combat homelessness by providing permanent housing, support, a sense of community, and expanded opportunities for individuals with very low incomes. By serving as both developer and property manager of their rental housing, Caritas Communities Inc strives to prevent homelessness and promote stable, safe living situations.
Official website here: www.caritascommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Caritas Communities Inc has earned an 81% rating from Charity Navigator, which reflects a strong emphasis on accountability and finance. The organization has received top scores for its independent board composition, financial oversight, and various governance policies, indicating a solid structure in place for handling funds and maintaining ethical standards. The charity’s program expense ratio of approximately 84% also suggests a significant portion of its budget is directed towards its programs.
However, user feedback from Great Nonprofits presents a contrasting view, with a reviewer rating the organization at 2 out of 5. The complaint highlights issues of disorganization and lack of meaningful community improvement over a span of one and a half years. Specific concerns include poor maintenance of facilities such as a broken pool and laundry machines, which suggests a gap between the charity’s financial management and its operational effectiveness.
While Caritas Communities Inc demonstrates robust accountability measures, the negative user experiences point to potential shortcomings in its service delivery and community impact. This disparity underscores the importance of not only financial integrity but also the actual outcomes of the charity's efforts in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Caritas Communities Inc legitimate?
Caritas Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caritas Communities 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: $536,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,086,018
For more financial information, click here
Official website here: www.caritascommunities.org
What is the mission statement of Caritas Communities Inc?
Caritas Communities Inc's mission is centered around preventing homelessness by providing permanent housing, support, a sense of community, and expanded opportunities for individuals with low income. For over three decades, the organization has been instrumental in addressing the need for safe and secure housing in greater Boston. Caritas Communities Inc. serves as the developer and property manager of its 30 buildings located in 14 communities, ensuring that the housing maintains a standard of excellence that its residents deserve. Furthermore, the organization goes beyond just housing by offering a supportive environment, fostering a sense of community among its residents.
Official website here: www.caritascommunities.org
Who is the CEO of Caritas Communities Inc?
Karin Cassel is the Coo of Caritas Communities Inc.
Official website here: www.caritascommunities.org
What is the revenue of Caritas Communities Inc?
Caritas Communities Inc's revenue in 2021 was $5,716,151.
Official website here: www.caritascommunities.org
Who are the executives of Caritas Communities Inc and what are their salaries?
The average compensation at Caritas Communities Inc during 2021 was $16,064. There are 101 employees and 217 volunteers at Caritas Communities Inc.
Here are 22 key members and their salaries:
- Compensation: $274,795
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- Other: $19,944
- Compensation: $223,338
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- Other: $18,400
- Compensation: $130,157
- Related: $0
- Other: $32,105
- Compensation: $123,186
- Related: $0
- Other: $15,396
- Compensation: $114,044
- Related: $0
- Other: $15,121
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Official website here: www.caritascommunities.org
Where can I find the form 990 for Caritas Communities Inc?
Caritas Communities Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.caritascommunities.org
Learn more at the official website: www.caritascommunities.org
Mission Statement of Caritas Communities Inc
Caritas Communities Inc, a nonprofit organization, is dedicated to combating homelessness by offering permanent housing and support to individuals with very low incomes. For over three decades, Caritas has been instrumental in addressing the need for safe and secure housing in greater Boston. By serving as the developer and property manager of its 30 buildings in 14 communities, and co-developing three additional affordable housing projects, Caritas ensures that its rental housing maintains a standard of excellence that its residents deserve. The organization's mission is not just about providing housing; it's about creating a sense of community and offering expanded opportunities for its residents. By doing so, Caritas Communities Inc plays a pivotal role in preventing homelessness and empowering its residents to lead stable and fulfilling lives.
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Impact
July, 2024
Caritas Communities Inc's impact lies in preventing homelessness by providing very low-income individuals with permanent housing, support, a sense of community, and expanded opportunities in Greater Boston. With a track record of over 35 years, Caritas Communities Inc serves as a crucial support system for those in need of safe, secure housing in the area. Through its property management and real estate development endeavors, Caritas ensures that its 30 buildings across 14 communities in Greater Boston meet the standard of excellence that its residents deserve. Additionally, the organization has co-developed three affordable housing projects in South Boston, further expanding its reach and impact in addressing the housing needs of vulnerable populations.
This information is meant to be a general summary of Caritas Communities 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 2021.
- Investment Income: $32,539
- Program Service Revenue: $2,590,313
- Gross Receipts: $5,891,232
Assets and Liabilities:
- Total Assets: $16,422,870
- Total Liabilities: $18,904,594
- Net Assets: -$2,481,724
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,244,659
MANAGEMENT FEE
Revenue
$340,590
INCOME FROM INVESTMENTS
Revenue
$5,064
Organization Details
Founding Year
1985
Phone
(781) 843-1242Principal Officer
Karin Cassel
Main Address
25 BRAINTREE HILL OFFICE PK 206, BRAINTREE, MA, 02184
Website
www.caritascommunities.orgNTEE Category
Code: L200 - Housing
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