Overview
What is The Pelham Corporation C/O John M Corcoran & Company?
The Pelham Corporation, under the oversight of John M Corcoran & Company, is a nonprofit organization situated in Braintree, Massachusetts. With a primary focus, they aim to make affordable housing accessible to individuals with low and moderate incomes. This mission is carried out through their dedicated activities, ensuring that a substantial portion of the community has access to reasonably priced housing options.
What are the reviews and ratings of this charity?
Charity Navigator rating: 2 stars (65%)
The Pelham Corporation has received a 2-star rating from Charity Navigator, primarily due to its Accountability & Finance score. The organization demonstrates strong governance with a fully independent board and effective financial oversight, indicated by high scores in areas such as board independence and audit practices. However, several critical policies, including whistleblower and document retention policies, are missing, which negatively impacts its overall rating.
While the organization maintains a solid liability to assets ratio, indicating good financial stability, its program expense ratio is relatively low at 52.94%. This suggests that a smaller portion of its expenses is directed towards programmatic activities, which could raise concerns about the efficacy of its resource allocation. The absence of publicly posted tax documents also reflects a lack of transparency that may affect donor confidence.
Overall, The Pelham Corporation shows strengths in board independence and financial oversight, yet its limitations in policy implementation and program spending warrant attention. Addressing these issues could enhance its rating and improve public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Pelham Corporation C/O John M Corcoran & Company legitimate?
The Pelham Corporation C/O John M Corcoran & Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pelham Corporation C/O John M Corcoran & Company 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:
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What is the mission statement of The Pelham Corporation C/O John M Corcoran & Company?
The organization, The Pelham Corporation, is dedicated to making affordable housing accessible for individuals with low and moderate income. Their mission encompasses providing a viable living solution for this specific group, ensuring they can secure suitable accommodations without straining their financial resources. Their activities are centered around this objective, aiming to bridge the gap between housing needs and financial capabilities for a substantial portion of the population.
Who is the CEO of The Pelham Corporation C/O John M Corcoran & Company?
Robert Engler is the Trustee of The Pelham Corporation C/O John M Corcoran & Company.
What is the revenue of The Pelham Corporation C/O John M Corcoran & Company?
The Pelham Corporation C/O John M Corcoran & Company's revenue in 2022 was $1,739,858.
Who are the executives of The Pelham Corporation C/O John M Corcoran & Company and what are their salaries?
There 10 volunteers at The Pelham Corporation C/O John M Corcoran & Company.
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Where can I find the form 990 for The Pelham Corporation C/O John M Corcoran & Company?
The Pelham Corporation C/O John M Corcoran & Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Pelham Corporation C/O John M Corcoran & Company
The Pelham Corporation, overseen by John M Corcoran & Company, is dedicated to a noble cause. Its mission, in simple terms, is to make housing affordable for individuals who fall under the categories of low and moderate income. This mission is a testament to the organization's commitment to addressing a pressing social issue, ensuring that everyone has access to a roof over their heads regardless of their financial circumstances. By making affordable housing available, The Pelham Corporation contributes to the well-being and stability of its community, providing a basic necessity that is often out of reach for many. This mission is a fundamental part of The Pelham Corporation's identity and operations, continually striving to make a positive impact in people's lives.
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Impact
July, 2024
The Pelham Corporation, operating via John M Corcoran & Company, positively impacts communities by providing affordable housing options for individuals of low and moderate income. Through their mission to make affordable housing accessible, they contribute to addressing the ongoing housing affordability crisis, offering a vital solution for those in need. Their efforts help improve the quality of life for many individuals and families by ensuring they have a safe and stable place to call home. This organization's work plays a crucial role in promoting economic stability and social equity within their community.
This information is meant to be a general summary of The Pelham Corporation C/O John M Corcoran & Company. 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: $32,691
- Program Service Revenue: $506,517
- Gross Receipts: $2,082,985
Assets and Liabilities:
- Total Assets: $13,684,516
- Total Liabilities: $73,184
- Net Assets: $13,611,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE FEES
Revenue
$506,517
Organization Details
Founding Year
1988
Phone
(781) 849-0014Principal Officer
Robert Engler
Main Address
100 GRANDVIEW ROAD, BRAINTREE, MA, 02184
NTEE Category
Code: L200 - Housing
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