Overview
What is Franklin Park Development Tenant Association Inc?
Franklin Park Development Tenant Association Inc, located at 246 Humboldt Avenue, Dorchester, MA 02121, is a nonprofit organization committed to supporting low- and moderate-income residents. Their primary mission is to offer assistance in organizational development, training, and analyzing the feasibility of resident acquisition of Franklin Park Development. They aim to provide relief for the underprivileged and offer related community-based housing programs through various support services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Franklin Park Development Tenant Association Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is based entirely on the organization's performance in the Accountability & Finance category, which scored 56%. This low rating highlights several deficiencies in governance and financial transparency.
Key strengths include a perfect score for material diversion of assets and a strong liabilities to assets ratio, suggesting good management of financial obligations. However, the organization struggles with critical areas such as insufficient independent board members and a lack of publicly available financial statements, which raises concerns about oversight and transparency.
Additionally, the organization does not have several essential policies in place, including a whistleblower policy and a clear document retention strategy. These issues potentially undermine stakeholder trust and limit the organization's accountability to its supporters and the public. Overall, while there are some financial strengths, the lack of governance standards is a significant limitation.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Park Development Tenant Association Inc legitimate?
Franklin Park Development Tenant Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Park Development Tenant 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:
Executive Compensation: $75,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Franklin Park Development Tenant Association Inc?
The Franklin Park Development Tenant Association Inc's mission is centered around providing support services and housing programs for individuals with low and moderate income. Their primary objective is to alleviate poverty by offering these resources. The organization is dedicated to fostering organizational development, offering training and technical assistance, and analyzing the feasibility of acquiring a residential development for its residents. Their goal is to improve the living conditions and well-being of those in need.
Who is the CEO of Franklin Park Development Tenant Association Inc?
Patricia Mayo is the Outgoing-Board Member of Franklin Park Development Tenant Association Inc.
What is the revenue of Franklin Park Development Tenant Association Inc?
Franklin Park Development Tenant Association Inc's revenue in 2022 was $1,783,439.
Who are the executives of Franklin Park Development Tenant Association Inc and what are their salaries?
There 2 volunteers at Franklin Park Development Tenant Association Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Franklin Park Development Tenant Association Inc?
Franklin Park Development Tenant Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin Park Development Tenant Association Inc
Franklin Park Development Tenant Association Inc is an organization dedicated to providing support services and community-based housing programs for low-income and moderate-income residents. Their mission is twofold: firstly, to offer relief for those in need, and secondly, to enhance the operational development, training, and analytical capabilities of these residents, particularly in the context of acquiring Franklin Park Development. This nonprofit aims to uplift its community by providing essential resources and fostering an environment that fosters growth and sustainability.
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Impact
July, 2024
Franklin Park Development Tenant Association Inc impacts the community by providing essential support services and community-based housing programs to low and moderate-income residents. Their mission is to offer relief for the poor and support organizational development, training, and technical assistance. The association's work aims to improve living conditions and empower residents in the Dorchester area of Massachusetts. Their efforts contribute to enhancing the quality of life for individuals and families in need of affordable housing solutions.
This information is meant to be a general summary of Franklin Park Development Tenant 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 2022.
- Investment Income: $91,114
- Program Service Revenue: $1,692,325
- Gross Receipts: $1,783,439
Assets and Liabilities:
- Total Assets: $12,181,170
- Total Liabilities: $80,592
- Net Assets: $12,100,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FRANKLIN HIGHLANDS
Revenue
$1,692,325
Organization Details
Founding Year
1994
Phone
(617) 427-5339Principal Officer
Patricia Mayo
Main Address
246 HUMBOLDT AVENUE, DORCHESTER, MA, 02121
NTEE Category
Code: L21 - Housing
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