Overview
What is Astor Assets Inc?
Astor Assets Inc, based in Boston, Massachusetts, is a dedicated nonprofit organization with a mission to promote affordable housing for individuals and families with low and moderate incomes. Established with the purpose of fostering housing accessibility, Astor Assets Inc actively works towards making housing options available within the state of Massachusetts. Their primary objective is to contribute to the betterment of living conditions for those who may not otherwise have such opportunities.
Official website here: www.fenwaycdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Astor Assets Inc has received an 81% rating from Charity Navigator, reflecting a solid performance primarily in the Accountability & Finance category. This score indicates the organization is effective in managing its financial resources, which is crucial for nonprofit sustainability. The three-star designation suggests that while the organization is performing well, there may be some areas for improvement.
The nonprofit shows strengths in several key areas, including a high percentage of independent board members and a strong program expense ratio, indicating that a large portion of its funds is directed towards its mission. Additionally, Astor Assets Inc has implemented various governance policies, such as conflict of interest and whistleblower policies, which contribute to its accountability and transparency. These factors collectively enhance the organization's credibility and operational integrity.
However, the organization did face challenges with its liabilities to assets ratio, receiving no points in this area. This could imply potential concerns regarding financial stability that may need to be addressed moving forward. Overall, while Astor Assets Inc demonstrates a commendable commitment to accountability and finance, attention to its liabilities could strengthen its overall rating and performance in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Astor Assets Inc legitimate?
Astor Assets Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Astor Assets 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.fenwaycdc.org
What is the mission statement of Astor Assets Inc?
Astor Assets Inc., as an organization, was established with the goal of promoting affordable housing options for low and moderate-income families and individuals. Their primary mission is to provide, or facilitate the availability, of housing solutions for these income groups. Astor Assets is dedicated to making a difference in the lives of many by ensuring that housing remains an attainable resource. Their activities are centered around Massachusetts, providing affordable housing options for individuals and families in need.
Official website here: www.fenwaycdc.org
Who is the CEO of Astor Assets Inc?
Leah Camhi is the Clerk of Astor Assets Inc.
Official website here: www.fenwaycdc.org
What is the revenue of Astor Assets Inc?
Astor Assets Inc's revenue in 2022 was $657,603.
Official website here: www.fenwaycdc.org
Who are the executives of Astor Assets Inc and what are their salaries?
There 3 volunteers at Astor Assets Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $140,909
- Other: $5,089
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fenwaycdc.org
Where can I find the form 990 for Astor Assets Inc?
Astor Assets Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fenwaycdc.org
Learn more at the official website: www.fenwaycdc.org
Mission Statement of Astor Assets Inc
Astor Assets, a nonprofit organization, was established with the aim of promoting affordable housing for individuals and families with low to moderate income. Their mission is to make housing available to these individuals, extending a helping hand in the realm of housing provision in Massachusetts. Astor Assets plays a significant role in addressing the housing needs of those who may not otherwise have access to such resources. By providing or facilitating the acquisition of housing, this organization contributes to the wellbeing and stability of these families and individuals, enabling them to focus on other aspects of their lives.
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Impact
July, 2024
Astor Assets Inc has a significant impact on promoting affordable housing for low and moderate-income families and individuals in Massachusetts. By providing or facilitating access to housing options for those in need, Astor Assets plays a crucial role in addressing the housing challenges faced by vulnerable populations in the state. Their focus on ensuring that individuals and families have a safe and stable place to call home helps improve overall quality of life and contributes to the well-being of the communities they serve.
This information is meant to be a general summary of Astor Assets 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.
- Investment Income: $9,407
- Program Service Revenue: $646,700
- Gross Receipts: $657,603
Assets and Liabilities:
- Total Assets: $5,893,141
- Total Liabilities: $5,472,013
- Net Assets: $421,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$646,700
Organization Details
Founding Year
1992
Phone
(617) 267-4637Principal Officer
Leah Camhi
Main Address
70 BURBANK STREET, BOSTON, MA, 02115
Website
www.fenwaycdc.orgNTEE Category
Code: L20 - Housing
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