Overview
What is Monsignor Neagle Apartments Inc?
Monsignor Neagle Apartments Inc is a nonprofit organization situated in Malden, Massachusetts, with a specific focus on providing affordable housing. The organization operates a 76-unit residential property, catering to elderly and handicapped individuals who meet HUD-established income limits. Their primary mission is to offer affordable housing and related services to this demographic, aiming to contribute positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
Monsignor Neagle Apartments Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a strong performance in accountability and finance. This high score reflects the organization’s commitment to transparency and responsible financial management, as evidenced by a 100% program expense ratio, meaning all expenses are directed towards programs rather than administrative costs.
The organization boasts a fully independent board, which contributes positively to its governance and oversight. All board members are independent, ensuring that decision-making is free from conflicts of interest. The charity has also implemented robust policies for document retention and conflict of interest, further enhancing its operational integrity.
While the overall score is impressive, it is based solely on the Accountability & Finance beacon, meaning that other aspects such as impact and effectiveness are not assessed in this rating. This focus may limit a comprehensive understanding of the charity's overall performance, but the financial metrics indicate a well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is Monsignor Neagle Apartments Inc legitimate?
Monsignor Neagle Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monsignor Neagle Apartments 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: $227,086
For more financial information, click here
What is the mission statement of Monsignor Neagle Apartments Inc?
Monsignor Neagle Apartments Inc. is dedicated to providing affordable housing and related services to the elderly and handicapped individuals. The organization operates a 76-unit residential rental property to cater to this specific group, ensuring they have access to affordable housing options that align with the income limits established by the HUD. By doing so, Monsignor Neagle Apartments Inc. contributes to enhancing the living conditions of these vulnerable groups, providing them with a suitable place to reside.
Who is the CEO of Monsignor Neagle Apartments Inc?
Joseph Antonelli is the President of Monsignor Neagle Apartments Inc.
What is the revenue of Monsignor Neagle Apartments Inc?
Monsignor Neagle Apartments Inc's revenue in 2023 was $1,127,302.
Who are the executives of Monsignor Neagle Apartments Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Monsignor Neagle Apartments Inc?
Monsignor Neagle Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Monsignor Neagle Apartments Inc
Monsignor Neagle Apartments Inc, a nonprofit organization, is dedicated to providing affordable housing and related services to elderly persons. Its mission is to operate a residential rental property, specifically a 76-unit complex, catering to elderly and handicapped individuals who meet the income limits established by HUD. This housing initiative enables these individuals to reside in a secure and affordable environment. By offering such services, Monsignor Neagle Apartments Inc contributes to the well-being and independence of elderly persons, ensuring they can maintain a decent quality of life.
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Impact
July, 2024
Monsignor Neagle Apartments Inc's impact lies in its provision of affordable housing to elderly and handicapped individuals who meet HUD-established income limits in Malden, MA. Through its operation of a 76-unit residential rental property, the organization addresses the critical need for accessible housing for these vulnerable populations. By offering affordable housing options and related services, Monsignor Neagle Apartments Inc contributes to enhancing the quality of life for elderly individuals in the community.
This information is meant to be a general summary of Monsignor Neagle Apartments 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: $5,835
- Program Service Revenue: $892,060
- Gross Receipts: $1,127,302
Assets and Liabilities:
- Total Assets: $4,219,262
- Total Liabilities: $119,327
- Net Assets: $4,099,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$891,725
TENANT CHARGES
Revenue
$335
Organization Details
Founding Year
1994
Phone
(781) 388-9600Principal Officer
Joseph Antonelli
Main Address
350 CHARLES STREET, MALDEN, MA, 02148
NTEE Category
Code: L22Z - Housing
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