Overview
What is Homesavers Council Of Greenfield Gardens Inc?
Homesavers Council of Greenfield Gardens Inc is a nonprofit organization situated in Greenfield, Massachusetts, specifically at 58 Pray Drive. Their primary objective is to provide affordable housing and resident services to low-income families. The organization manages 202 apartments, with approximately 65% occupied by families with children. The remaining apartments are home to elderly, disabled, near-elderly, or disabled tenants. Homesavers Council's mission is to improve the physical and social conditions for the residents at Greenfield Gardens and to own, maintain, and develop affordable housing for low and moderate-income families. They operate an affordable housing project with the goal of enhancing the living conditions for their residents.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67%, Two-Star out of Four Star rating.
Homesavers Council Of Greenfield Gardens Inc has received a Two-Star rating primarily due to its Accountability & Finance score of 67%. This rating indicates that while the organization demonstrates a good level of accountability and sound financial practices, there are areas that require improvement, particularly regarding its financial stability as reflected in the liabilities to assets ratio.
The organization has strengths in governance, with 100% of its board members being independent, and a robust program expense ratio of 82.50%, which indicates that a significant portion of its funds is directed towards its programs. Furthermore, it operates with an audit and oversight committee and maintains transparency by documenting board meeting minutes, contributing positively to its accountability framework.
However, the charity faces challenges regarding its financial ratios, specifically the liabilities to assets ratio, which received no points. This could be a concern for potential donors who prioritize overall financial health and sustainability. Overall, while Homesavers Council Of Greenfield Gardens Inc demonstrates promising accountability measures, its financial sustainability remains a critical area for growth.
This AI summary has been generated from information found on Charity Navigator.
Is Homesavers Council Of Greenfield Gardens Inc legitimate?
Homesavers Council Of Greenfield Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homesavers Council Of Greenfield Gardens 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Homesavers Council Of Greenfield Gardens Inc?
The Homesavers Council of Greenfield Gardens Inc is committed to improving the physical and social conditions for its residents. Their primary mission is to operate an affordable housing project and own, maintain, and develop affordable housing for low and moderate-income families. The council provides an affordable housing and resident services program, with 202 apartments in total. Sixty-five percent of these apartments are occupied by families with children, while the remaining one-bedroom units are inhabited by elderly, disabled, or near-elderly tenants.
Who is the CEO of Homesavers Council Of Greenfield Gardens Inc?
Andrea Goldman is the President of Homesavers Council Of Greenfield Gardens Inc.
What is the revenue of Homesavers Council Of Greenfield Gardens Inc?
Homesavers Council Of Greenfield Gardens Inc's revenue in 2021 was $2,643,641.
Who are the executives of Homesavers Council Of Greenfield Gardens Inc and what are their salaries?
There 7 volunteers at Homesavers Council Of Greenfield Gardens Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Homesavers Council Of Greenfield Gardens Inc?
Homesavers Council Of Greenfield Gardens Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Homesavers Council Of Greenfield Gardens Inc
Homesavers Council of Greenfield Gardens Inc is dedicated to enhancing the living conditions of its residents. Their primary mission is twofold: firstly, they aim to improve the physical environment for the inhabitants of Greenfield Gardens. Secondly, they are committed to owning, maintaining, and developing affordable housing for low- and moderate-income families.
In practice, Homesavers Council of Greenfield Gardens Inc operates an affordable housing project. They provide a comprehensive program that includes not only housing but also resident services. The housing project consists of 202 apartments, with a significant portion occupied by families with children. The remaining apartments are home to elderly tenants, disabled tenants, or near-elderly tenants, highlighting the organization's commitment to catering to a diverse range of low-income families.
In summary, Homesavers Council of Greenfield Gardens Inc is a nonprofit organization that is deeply invested in the well-being of its residents. They strive to improve the physical environment of their housing project and provide affordable housing options for low- and moderate-income families. Their commitment extends beyond just housing, as they also offer resident services to further support their tenants.
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Impact
July, 2024
Homesavers Council Of Greenfield Gardens Inc's impact is significant in providing affordable housing and resident services to low-income families in Greenfield, MA. With 202 apartments, 65% of which are occupied by families with children, the organization plays a crucial role in supporting the housing needs of its community. By owning, maintaining, and developing affordable housing for low and moderate-income families, Homesavers Council Of Greenfield Gardens Inc helps improve the physical and social conditions for its residents at Greenfield Gardens.
This information is meant to be a general summary of Homesavers Council Of Greenfield Gardens 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 2021.
- Investment Income: $6,682
- Program Service Revenue: $2,621,507
- Gross Receipts: $2,643,641
Assets and Liabilities:
- Total Assets: $17,732,068
- Total Liabilities: $12,926,190
- Net Assets: $4,805,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,568,108
TENANT FUND REVENUE
Revenue
$49,200
OTHER INCOME
Revenue
$2,760
TENANT CHARGES
Revenue
$1,439
Organization Details
Founding Year
1996
Phone
(413) 772-8710Principal Officer
Andrea Goldman
Main Address
58 PRAY DRIVE, GREENFIELD, MA, 01301
NTEE Category
Code: L200 - Housing
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