Overview
What is Presidential Gardens Neighborhood Association Inc?
Presidential Gardens Neighborhood Association Inc, situated in Bradford, Massachusetts, is a nonprofit organization dedicated to providing affordable housing solutions for low- and moderate-income families. With 200 units under their management, this association plays a crucial role in ensuring that qualified families in the area have access to suitable living accommodations. Their core mission is centered around this particular objective, aiming to make a positive impact on the community by offering affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Presidential Gardens Neighborhood Association Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 75%. This score is based solely on the organization's Accountability & Finance metrics, indicating a strong commitment to financial management and governance practices. The charity has demonstrated excellence in various areas, including having a fully independent board and comprehensive audit and oversight procedures.
The organization excels in accountability, with perfect scores in key areas such as board independence and the presence of a robust conflict of interest policy. Additionally, it has managed to maintain a high program expense ratio, indicating that the majority of its financial resources are directed towards fulfilling its mission. This level of financial transparency is crucial for building trust with donors and stakeholders.
However, the overall rating is somewhat tempered by a low score in the liabilities to assets ratio, which received no points. This suggests potential concerns regarding the organization's financial stability. While the charity shows strengths in governance and accountability, addressing its liabilities could enhance its financial health and sustainability in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Presidential Gardens Neighborhood Association Inc legitimate?
Presidential Gardens Neighborhood Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presidential Gardens Neighborhood Association 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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Other Salaries and Wages: $376,822
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What is the mission statement of Presidential Gardens Neighborhood Association Inc?
The Presidential Gardens Neighborhood Association Inc is dedicated to providing affordable housing solutions for qualified families. Their mission is centered around making housing accessible for individuals with moderate and low income levels. The organization manages and operates approximately 200 housing units in an unspecified location, with the primary aim of offering affordable living options. By doing so, they contribute to ensuring that a diverse range of families have access to decent housing, which is a fundamental necessity for a good quality of life.
Who is the CEO of Presidential Gardens Neighborhood Association Inc?
Alan Victor is the President/Vice President of Presidential Gardens Neighborhood Association Inc.
What is the revenue of Presidential Gardens Neighborhood Association Inc?
Presidential Gardens Neighborhood Association Inc's revenue in 2023 was $3,312,808.
Who are the executives of Presidential Gardens Neighborhood Association Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Presidential Gardens Neighborhood Association Inc?
Presidential Gardens Neighborhood Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Presidential Gardens Neighborhood Association Inc
Presidential Gardens Neighborhood Association Inc, a nonprofit organization, is committed to providing affordable housing opportunities for qualified families. Situated in Bradford, Massachusetts, this association owns and manages a total of 200 housing units, specifically designed for individuals and families with low and moderate incomes. By offering these housing solutions, Presidential Gardens Neighborhood Association Inc plays a significant role in ensuring that these families can secure a place to call home without facing excessive financial burdens.
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Impact
July, 2024
Presidential Gardens Neighborhood Association Inc's impact lies in providing affordable housing to qualified families in Bradford, MA. With ownership and operation of 200 units of housing for low and moderate-income persons and families, this organization plays a crucial role in addressing the housing needs of the community. By offering affordable housing options, Presidential Gardens Neighborhood Association Inc helps ensure that individuals and families have access to safe and stable living environments, ultimately contributing to the overall well-being and prosperity of the Bradford community.
This information is meant to be a general summary of Presidential Gardens Neighborhood Association 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: $71,783
- Program Service Revenue: $3,221,559
- Gross Receipts: $3,312,808
Assets and Liabilities:
- Total Assets: $19,057,833
- Total Liabilities: $16,658,972
- Net Assets: $2,398,861
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,221,559
Organization Details
Founding Year
1993
Phone
(978) 372-8130Principal Officer
Alan Victor
Main Address
140 EVERGREEN DRIVE, BRADFORD, MA, 01835
NTEE Category
Code: L210 - Housing
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