Overview
What is The Pelham Ii Corporation C/O John M Corcoran & Company?
The Pelham II Corporation, affiliated with John M Corcoran & Company, is a nonprofit organization situated at 100 Grandview Road, 207, Braintree, Massachusetts. Their primary mission is to promote and ensure the availability of affordable housing options for individuals with low and moderate income levels. Their activities and objectives revolve around this core mission, working diligently to make housing more accessible for this demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Pelham II Corporation has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates solid program expense management, there are significant concerns regarding its financial health. The organization has a strong accountability framework, with all board members being independent and robust practices for financial oversight, such as well-documented board meeting minutes and a conflict of interest policy in place.
However, the charity struggles with a high liabilities-to-assets ratio, which raises questions about its financial stability. The organization also lacks crucial transparency measures, including a missing tax form on its website and the absence of a whistleblower policy. These factors contribute to a lower overall score, suggesting that while the charity is effective in its programming, it needs to improve its financial practices and transparency to enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is The Pelham Ii Corporation C/O John M Corcoran & Company legitimate?
The Pelham Ii Corporation C/O John M Corcoran & Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pelham Ii 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $408,183
For more financial information, click here
What is the mission statement of The Pelham Ii Corporation C/O John M Corcoran & Company?
The organization, The Pelham II Corporation, is committed to a mission that prioritizes making affordable housing accessible to individuals with low and moderate income levels. This mission is carried out through various activities and initiatives, all aimed at providing affordable housing solutions for those in need. The corporation recognizes the significance of affordable housing and strives to make it a reality for a broad section of the population.
Who is the CEO of The Pelham Ii Corporation C/O John M Corcoran & Company?
Robert E Engler is the President of The Pelham Ii Corporation C/O John M Corcoran & Company.
What is the revenue of The Pelham Ii Corporation C/O John M Corcoran & Company?
The Pelham Ii Corporation C/O John M Corcoran & Company's revenue in 2022 was $5,741,908.
Who are the executives of The Pelham Ii Corporation C/O John M Corcoran & Company and what are their salaries?
There 10 volunteers at The Pelham Ii Corporation C/O John M Corcoran & Company.
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Where can I find the form 990 for The Pelham Ii Corporation C/O John M Corcoran & Company?
The Pelham Ii 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 Ii Corporation C/O John M Corcoran & Company
The Pelham II Corporation, led by John M Corcoran & Company, is committed to a noble mission. They strive to make affordable housing a reality for individuals and families who fall within the low-income and moderate-income brackets. This organization's primary goal is to bridge the gap in housing affordability, ensuring that everyone has a roof over their heads. By providing affordable housing, The Pelham II Corporation aims to contribute positively to the lives of many, promoting equality and social justice in housing opportunities.
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Impact
July, 2024
The Pelham II Corporation, operating through John M Corcoran & Company, has a significant impact on providing affordable housing to individuals with low and moderate incomes in Braintree, MA. Their mission to make housing accessible to those in need plays a crucial role in addressing the housing affordability crisis faced by many individuals and families. By offering affordable housing options, The Pelham II Corporation helps ensure that vulnerable populations have a place to call home, promoting stability and security within the community. Their efforts contribute to creating a more inclusive and equitable society where everyone has access to safe and affordable housing options.
This information is meant to be a general summary of The Pelham Ii 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: $3,112
- Program Service Revenue: $1,888,690
- Gross Receipts: $5,741,908
Assets and Liabilities:
- Total Assets: $9,417,176
- Total Liabilities: $23,591,115
- Net Assets: -$14,173,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,888,690
Organization Details
Founding Year
1990
Phone
(781) 849-0014Principal Officer
Robert E Engler
Main Address
100 GRANDVIEW ROAD 207, BRAINTREE, MA, 02184
NTEE Category
Code: L202 - Housing
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