Overview
What is Ccba Tai Tung Management Inc?
Ccba Tai Tung Management Inc is a nonprofit organization situated in Boston, Massachusetts, specifically at 232 Harrison Ave, dedicated to ensuring long-term affordable housing within Boston's Chinatown community. The organization manages a 214-unit housing complex primarily for low and moderate-income individuals, adhering to HUD regulations regarding rental charges and operating methods. Their mission is centered around providing affordable housing within the Asian community of Boston, aiming to maintain an inclusive and affordable living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ccba Tai Tung Management Inc has received a two-star rating from Charity Navigator, indicating areas that require significant improvement. With an overall score of 64%, the organization faces challenges related to transparency and governance. Notably, it has no independent board members, which raises concerns about the objectivity of its oversight.
Despite these governance issues, the nonprofit excels in its program expense ratio, allocating approximately 92.94% of its budget towards programming. This suggests a strong commitment to its mission and effective use of donations for its intended purpose. However, the organization lacks essential financial disclosures, including its financial statements and tax forms on its website, which limits its accountability to the public.
The presence of policies for conflict of interest, whistleblower protections, and document retention indicates some level of operational integrity. Nevertheless, the absence of independent oversight and transparency measures could deter potential donors and stakeholders from fully supporting the organization in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ccba Tai Tung Management Inc legitimate?
Ccba Tai Tung Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ccba Tai Tung Management 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
What is the mission statement of Ccba Tai Tung Management Inc?
Ccba Tai Tung Management Inc's mission is centered around providing affordable housing for the Asian community. The organization strives to ensure long-term affordability in housing, overseeing a 214-unit complex in Boston, specifically catering to individuals with low and moderate incomes. Regulated by HUD, the organization adheres to specific guidelines regarding rental charges and operating methods, thereby ensuring accessible housing solutions for this community.
Who is the CEO of Ccba Tai Tung Management Inc?
Felix Lui is the President of Ccba Tai Tung Management Inc.
What is the revenue of Ccba Tai Tung Management Inc?
Ccba Tai Tung Management Inc's revenue in 2021 was $8,662,376.
Who are the executives of Ccba Tai Tung Management Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $4,800
- Other: $0
- Compensation: $0
- Related: $3,600
- Other: $0
- Compensation: $0
- Related: $3,600
- Other: $0
- Compensation: $0
- Related: $3,600
- Other: $0
- Compensation: $0
- Related: $3,600
- Other: $0
- Compensation: $0
- Related: $121,851
- Other: $6,011
Where can I find the form 990 for Ccba Tai Tung Management Inc?
Ccba Tai Tung Management Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ccba Tai Tung Management Inc
Ccba Tai Tung Management Inc, a nonprofit organization, is dedicated to serving the Asian community in Boston by providing them with affordable housing options. Their primary mission is to ensure the availability of long-term, affordable housing within the Chinatown community. To accomplish this, the organization owns and manages a 214-unit housing complex, which is specifically designed for individuals with low to moderate incomes. This complex is regulated by HUD, ensuring that rental charges and operating methods adhere to established guidelines. By providing affordable housing, Ccba Tai Tung Management Inc is contributing to the well-being and stability of the Asian community in Boston, thereby enhancing the overall quality of life for its residents.
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Impact
July, 2024
CCBA Tai Tung Management Inc's impact lies in providing long-term affordable housing in Boston's Chinatown community. By owning and operating a 214-unit housing complex for low and moderate-income individuals, the organization ensures that residents have access to housing that is regulated by HUD in terms of rental charges and operating methods. This commitment serves to address the housing needs of the Asian community in Boston, contributing to a more stable and supportive living environment for those in need of affordable housing solutions.
This information is meant to be a general summary of Ccba Tai Tung Management 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: $48,972
- Program Service Revenue: $8,531,136
- Gross Receipts: $8,662,376
Assets and Liabilities:
- Total Assets: $39,986,974
- Total Liabilities: $383,743
- Net Assets: $39,603,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS - HUD SUBSIDY
Revenue
$6,044,512
RENTS - TENANTS
Revenue
$1,801,640
COMMERCIAL RENT
Revenue
$572,955
PARKING REVENUE
Revenue
$85,276
LAUNDRY AND VENDING
Revenue
$26,753
Organization Details
Founding Year
1994
Phone
(617) 542-2574Principal Officer
Felix Lui
Main Address
232 HARRISON AVE, BOSTON, MA, 02111
NTEE Category
Code: L805 - Housing
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