Overview
What is Cil Realty Of Ma Inc?
Cil Realty of Massachusetts, or Cil Realty of Ma Inc., is a nonprofit organization located in Hartford, Connecticut (06106). Their primary mission is to support individuals with physical and mental disabilities of low to moderate income in Massachusetts. They achieve this by acquiring, owning, operating, and leasing real estate to non-profit organizations and state agencies. During the fiscal year ending June 30, 2023, Cil Realty of Massachusetts expanded its operations, acquiring and managing approximately 248 licensed residential facilities in Massachusetts, providing group homes for individuals with disabilities.
Official website here: www.cil.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Cil Realty Of Ma Inc has earned an 81% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's score is primarily based on its strong governance practices, including a fully independent board and robust financial oversight mechanisms. Notably, it has no material diversion of assets and maintains comprehensive policies on conflict of interest and whistleblower protections.
The organization exhibits a high program expense ratio, indicating that a significant portion of its funds is directed toward its programs. This is complemented by a thorough audit and oversight committee, which further enhances financial transparency. Noteworthy are the documented board meeting minutes, ensuring that decisions are well-recorded and accessible.
However, the liabilities to assets ratio is concerning at 92.36%, which suggests that the organization may have a high level of liabilities compared to its assets. This aspect could pose potential financial risks in the future if not managed properly. Overall, while Cil Realty Of Ma Inc displays strong governance and program funding commitment, it should address its financial liabilities to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Cil Realty Of Ma Inc legitimate?
Cil Realty Of Ma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cil Realty Of Ma 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
Official website here: www.cil.org
What is the mission statement of Cil Realty Of Ma Inc?
Cil Realty of Ma Inc's mission is centered around providing support for individuals with physical and mental disabilities of low to moderate income. They achieve this by acquiring, owning, operating, and leasing real estate to non-profit organizations and state agencies. The primary goal is to provide a network of licensed residential facilities that cater to these individuals, ensuring they have a suitable living environment. As of the fiscal year ending June 30, 2023, Cil Realty of Ma Inc managed approximately 248 such facilities in Massachusetts. The organization's mission is therefore to enhance the lives of individuals with disabilities by offering comprehensive supported residential services and programs.
Official website here: www.cil.org
Who is the CEO of Cil Realty Of Ma Inc?
Maria Green is the President/Ceo of Cil Realty Of Ma Inc. The CEO's salary of Cil Realty Of Ma Inc is $0 and their total compensation is $311,670.
Official website here: www.cil.org
What is the revenue of Cil Realty Of Ma Inc?
Cil Realty Of Ma Inc's revenue in 2023 was $10,458,626.
Official website here: www.cil.org
Who are the executives of Cil Realty Of Ma Inc and what are their salaries?
There 9 volunteers at Cil Realty Of Ma Inc.
Here are 12 key members and their salaries (Cil Realty Of Ma Inc's CEO's salary is $0 and their total compensation is $311,670):
- Compensation: $0
- Related: $260,869
- Other: $50,801
- Compensation: $0
- Related: $209,039
- Other: $33,958
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $82,040
- Other: $17,673
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cil.org
Where can I find the form 990 for Cil Realty Of Ma Inc?
Cil Realty Of Ma Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cil.org
Learn more at the official website: www.cil.org
Mission Statement of Cil Realty Of Ma Inc
Cil Realty of Massachusetts Inc, a non-profit organization, is dedicated to providing supported residential services, programs, and environments for individuals with physical and mental disabilities of low and moderate income. Their mission is to accomplish this by acquiring, owning, operating, and leasing real estate to both non-profit organizations and state agencies in Massachusetts. By doing so, they aim to create accommodations for individuals with disabilities, ensuring they have access to appropriate housing solutions. Throughout the fiscal year ending on June 30, 2023, Cil Realty of Massachusetts Inc successfully acquired, developed, leased, and managed approximately 248 licensed residential facilities to house individuals with disabilities within the state.
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Impact
July, 2024
Cil Realty Of Ma Inc's impact lies in providing crucial group homes for people with disabilities in Massachusetts. By acquiring, developing, leasing, and managing approximately 248 licensed residential facilities, Cil Realty Of Ma Inc plays a significant role in housing individuals with disabilities in the state. Their mission focuses on offering supported residential services, programs, and environments to those with physical and mental disabilities of low and moderate income. Through their dedication to acquiring, owning, operating, and leasing real estate to nonprofit organizations and state agencies, Cil Realty Of Ma Inc directly contributes to improving the lives of individuals with disabilities in Massachusetts.
This information is meant to be a general summary of Cil Realty Of Ma 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 2023.
- Investment Income: $182,239
- Program Service Revenue: $10,046,910
- Gross Receipts: $10,458,626
Assets and Liabilities:
- Total Assets: $474,002,680
- Total Liabilities: $437,832,544
- Net Assets: $36,170,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIRECT FINANCING LEASE
Revenue
$8,129,673
PROGRAM RENTAL INCOME
Revenue
$1,917,237
Organization Details
Founding Year
1985
Phone
(860) 563-6011Principal Officer
Maria Green
Main Address
57 CHARTER OAK AVENUE SUITE A, HARTFORD, CT, 06106
Website
www.cil.orgNTEE Category
Code: S47 - Community improvement
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