Overview
What is Mission Springs Housing For The Elderly Inc C/O The Community Builders?
Mission Springs Housing For The Elderly Inc, under the umbrella of The Community Builders, is a nonprofit organization dedicated to addressing the housing needs of the elderly. They achieve this mission by proactively purchasing, refurbishing, and managing 75 units of affordable housing in Holliston, Massachusetts. These accommodations are specifically tailored for low-income elderly individuals, providing them with safe and affordable living spaces. By carrying out this mission, Mission Springs Housing For The Elderly Inc C/O The Community Builders contributes to the well-being and security of the elderly population in the community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)
Mission Springs Housing For The Elderly Inc. has received a commendable rating of 86% from Charity Navigator, which reflects its commitment to accountability and financial transparency. This score is derived solely from its Accountability & Finance metrics, indicating a strong emphasis on maintaining high standards in these areas. The organization demonstrates robust governance practices, with a fully independent board and solid financial oversight.
The charity excels in several key areas, including a perfect score for its board's independence and an effective audit and oversight committee. Additionally, it has a strong program expense ratio of 90.14%, suggesting that a significant portion of its funds is directed towards its mission of supporting the elderly. The organization also maintains a low liabilities-to-assets ratio, which indicates good financial health and stability.
There are no notable limitations indicated in the data, and the organization appears to have established sound policies to prevent conflicts of interest and ensure proper documentation of board activities. Overall, Mission Springs Housing For The Elderly Inc. is positioned as a trustworthy nonprofit focused on delivering services to its target demographic while adhering to responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Mission Springs Housing For The Elderly Inc C/O The Community Builders legitimate?
Mission Springs Housing For The Elderly Inc C/O The Community Builders is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mission Springs Housing For The Elderly Inc C/O The Community Builders 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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What is the mission statement of Mission Springs Housing For The Elderly Inc C/O The Community Builders?
Mission Springs Housing For The Elderly Inc., under the umbrella of The Community Builders, is committed to providing affordable housing solutions for the elderly. They accomplish this by acquiring, refurbishing, and managing 75 units of housing specifically designed for low-income elderly individuals. Their mission is centered around ensuring that the elderly have access to suitable living arrangements, thereby enhancing their quality of life. The organization's primary goal is to make housing affordable for this vulnerable population, thereby contributing to their overall well-being.
Who is the CEO of Mission Springs Housing For The Elderly Inc C/O The Community Builders?
Allen Goldberg is the President of Mission Springs Housing For The Elderly Inc C/O The Community Builders.
What is the revenue of Mission Springs Housing For The Elderly Inc C/O The Community Builders?
Mission Springs Housing For The Elderly Inc C/O The Community Builders's revenue in 2022 was $858,562.
Who are the executives of Mission Springs Housing For The Elderly Inc C/O The Community Builders 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 Mission Springs Housing For The Elderly Inc C/O The Community Builders?
Mission Springs Housing For The Elderly Inc C/O The Community Builders's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mission Springs Housing For The Elderly Inc C/O The Community Builders
Mission Springs Housing For The Elderly, under the leadership of The Community Builders, is dedicated to providing affordable housing solutions for the elderly. They achieve this mission by proactively pursuing and obtaining 75 units of affordable housing in Holliston, Massachusetts. Once acquired, they meticulously rehabilitate these units to ensure they meet the necessary standards for low-income elderly individuals. By owning and managing these properties, they offer a stable living environment for this vulnerable population, allowing them to live with dignity and independence.
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Impact
July, 2024
Mission Springs Housing For the Elderly Inc, operating under The Community Builders, has a significant impact in providing affordable housing for the elderly in Holliston, MA. By purchasing, rehabilitating, and operating 75 units of affordable housing for low-income elderly individuals, this organization plays a crucial role in addressing the housing needs of this vulnerable demographic. Their efforts contribute to improving the quality of life and well-being of elderly residents in the community, ensuring that they have a safe and comfortable place to call home.
This information is meant to be a general summary of Mission Springs Housing For The Elderly Inc C/O The Community Builders. 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: $129
- Program Service Revenue: $361,156
- Gross Receipts: $858,562
Assets and Liabilities:
- Total Assets: $4,077,603
- Total Liabilities: $614,991
- Net Assets: $3,462,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$361,156
Organization Details
Founding Year
1995
Phone
(857) 221-8600Principal Officer
Allen Goldberg
Main Address
185 DARTMOUTH STREET, BOSTON, MA, 02116
NTEE Category
Code: L21 - Housing
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