Overview
What is Chestnut Hill Foundation Inc?
The Chestnut Hill Foundation Inc, situated in Chestnut Hill, Massachusetts, is a nonprofit organization primarily dedicated to hosting educational and religious programs. It caters to high school, university, and professional men, offering them a conducive environment for learning and growth. The foundation provides housing for the staff members who manage these programs, which include religious services and classes in Christian doctrine and moral teachings. This organization is an integral part of the Roman Catholic Prelature of the Holy Cross and Opus Dei, contributing to the spiritual support of its attendees.
Official website here: www.chestnuthillcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Chestnut Hill Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score reflects a perfect performance in various aspects, with a strong emphasis on transparency and governance, signifying the organization's commitment to maintaining trust and integrity within its operations.
The foundation showcases a well-structured board, with 57% of its members being independent, which contributes to its effective oversight. It adheres to strict policies regarding conflicts of interest and whistleblowing, further solidifying its commitment to ethical governance. Additionally, the organization has demonstrated efficient financial management, with a low liabilities-to-assets ratio and a substantial program expense ratio of over 84%, indicating that the majority of its funding is directed towards its mission.
While the foundation has shown excellence in accountability and financial performance, potential donors and stakeholders may want to explore the specifics of its programs and impact to fully understand the scope of its work. Overall, the Chestnut Hill Foundation Inc stands out as a strong organization committed to operating transparently and effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Chestnut Hill Foundation Inc legitimate?
Chestnut Hill Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chestnut Hill Foundation 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: $161,530
For more financial information, click here
Official website here: www.chestnuthillcenter.org
What is the mission statement of Chestnut Hill Foundation Inc?
The Chestnut Hill Foundation Inc is dedicated to offering facilities and housing for religious and educational programs aimed at professional, college, and high school men. Their mission involves providing a supportive environment for these individuals, with up to twelve staff members residing in their center to oversee the programs. The foundation hosts various educational and religious activities, with Roman Catholic priests from the Prelature of the Holy Cross and Opus Dei offering pastoral support and conducting religious services in the center's chapel. Additionally, they conduct classes in Christian doctrine and moral teachings.
Official website here: www.chestnuthillcenter.org
Who is the CEO of Chestnut Hill Foundation Inc?
Joseph G Billmeier is the President, Treasurer & Dir of Chestnut Hill Foundation Inc.
Official website here: www.chestnuthillcenter.org
What is the revenue of Chestnut Hill Foundation Inc?
Chestnut Hill Foundation Inc's revenue in 2022 was $498,584.
Official website here: www.chestnuthillcenter.org
Who are the executives of Chestnut Hill Foundation Inc and what are their salaries?
There 18 volunteers at Chestnut Hill Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.chestnuthillcenter.org
Where can I find the form 990 for Chestnut Hill Foundation Inc?
Chestnut Hill Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chestnuthillcenter.org
Learn more at the official website: www.chestnuthillcenter.org
Mission Statement of Chestnut Hill Foundation Inc
Chestnut Hill Foundation Inc is dedicated to providing facilities and resources for religious and educational programs, catering to professional, college, and high school men. The organization goes beyond just offering spaces; it also provides housing for the individuals who oversee these programs. Within its center, the foundation houses up to twelve staff members who are engaged in the activities of the center. This group includes priests from the Roman Catholic Prelature of the Holy Cross and Opus Dei, who offer pastoral support to the staff and participants, conduct religious services in the chapel, and lead classes on Christian doctrine and moral teachings. Overall, Chestnut Hill Foundation Inc serves as a supportive hub for the personal and spiritual growth of its attendees, providing them with a conducive environment for learning and spiritual enrichment.
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Impact
July, 2024
Chestnut Hill Foundation Inc provides facilities for educational and religious programs for professional, college, and high school men. The organization also offers housing for the men who oversee these programs. Included in its activities are educational and religious programs for high school students, university students, professional men, and others. The foundation supports its exempt purposes by housing up to twelve staff members at its center, including priests who provide pastoral support, conduct religious services, and lead classes in Christian doctrine and moral teachings. Located in Chestnut Hill, MA, Chestnut Hill Foundation Inc plays a crucial role in offering educational and spiritual enrichment to its participants, contributing to the overall growth and development of the community.
This information is meant to be a general summary of Chestnut Hill Foundation 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.
- Program Service Revenue: $204,884
- Gross Receipts: $498,584
Assets and Liabilities:
- Total Assets: $7,751,478
- Total Liabilities: $49,892
- Net Assets: $7,701,586
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENCE FEE
Revenue
$178,025
HIGH SCHOOL ACTIVITY
Revenue
$25,799
RELIGIOUS BOOK SALES
Revenue
$1,060
Organization Details
Founding Year
1991
Phone
(617) 738-7348Principal Officer
Joseph G Billmeier
Main Address
481 HAMMOND STREET, CHESTNUT HILL, MA, 02467
Website
www.chestnuthillcenter.orgNTEE Category
Code: X20Z - Religion related
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