Overview
What is Worcester New Horizons Inc C/O Rcap Solutions Inc?
Worcester New Horizons Inc C/O Rcap Solutions Inc is a nonprofit organization located at 191 May Street, Worcester, Massachusetts. Their primary mission is to acquire, construct, rehabilitate, and operate 34 units of affordable residential housing specifically designed for individuals with disabilities in the Worcester area. By providing this critical service, they aim to contribute positively to the local community, ensuring that individuals with disabilities have access to safe and comfortable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator rating: 71%, Two-Star out of Four Star rating.
Worcester New Horizons Inc has received a Two-Star rating from Charity Navigator, indicating room for improvement in its accountability and financial practices. The organization shows strong performance in areas such as having a fully independent board and a good program expense ratio, demonstrating that a significant portion of its funding is allocated to programs rather than administrative costs.
However, there are notable weaknesses in key areas, particularly concerning governance policies. The absence of a whistleblower policy and document retention guidelines may raise concerns about transparency and risk management. Additionally, the organization has a high liabilities to assets ratio, which suggests potential financial instability that can affect its operations and sustainability.
Overall, while Worcester New Horizons Inc exhibits strengths in certain governance aspects, the lack of essential policies and high liabilities highlights areas needing attention for enhanced accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Worcester New Horizons Inc C/O Rcap Solutions Inc legitimate?
Worcester New Horizons Inc C/O Rcap Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester New Horizons Inc C/O Rcap Solutions 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
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What is the mission statement of Worcester New Horizons Inc C/O Rcap Solutions Inc?
Worcester New Horizons Inc, under the umbrella of Rcap Solutions Inc, has a mission to acquire, construct, rehabilitate, and operate 34 units of affordable residential housing specifically designed for individuals with disabilities. This organization is committed to providing a living space that caters to the needs of handicapped persons, aiming to enhance their quality of life. The organization's activities are centered around the acquisition, construction, and rehabilitation of these residential units, followed by their operation to ensure the comfortable and affordable housing for the intended population.
Who is the CEO of Worcester New Horizons Inc C/O Rcap Solutions Inc?
Brian Scales is the Director of Worcester New Horizons Inc C/O Rcap Solutions Inc.
What is the revenue of Worcester New Horizons Inc C/O Rcap Solutions Inc?
Worcester New Horizons Inc C/O Rcap Solutions Inc's revenue in 2022 was $778,226.
Who are the executives of Worcester New Horizons Inc C/O Rcap Solutions Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $73,027
- Other: $4,318
- Compensation: $0
- Related: $157,644
- Other: $9,178
- Compensation: $0
- Related: $288,400
- Other: $15,221
Where can I find the form 990 for Worcester New Horizons Inc C/O Rcap Solutions Inc?
Worcester New Horizons Inc C/O Rcap Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Worcester New Horizons Inc C/O Rcap Solutions Inc
Worcester New Horizons Inc, under the guidance of Rcap Solutions Inc, is committed to a crucial mission. Their primary objective is to acquire, construct, rehabilitate, and operate 34 units of affordable residential housing specifically tailored for individuals with disabilities. This mission serves to provide a secure and accessible living environment for these individuals, ensuring they have a place to call home. By undertaking this project, Worcester New Horizons Inc contributes to the broader goal of promoting inclusivity and equality, ensuring that individuals with disabilities have the same opportunities as everyone else to live independently and comfortably.
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Impact
July, 2024
Worcester New Horizons Inc C/O Rcap Solutions Inc's impact lies in providing essential affordable residential housing for handicapped individuals in Worcester, MA. By acquiring, constructing, rehabilitating, and operating 34 units tailored for the needs of this specific population, the organization directly addresses a critical gap in housing accessibility and accommodation for individuals with disabilities in the community. This initiative not only enriches the lives of its residents by offering suitable and supportive living arrangements but also serves as a beacon of inclusivity and support for the broader community.
This information is meant to be a general summary of Worcester New Horizons Inc C/O Rcap Solutions 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: -$329
- Program Service Revenue: $123,941
- Gross Receipts: $778,617
Assets and Liabilities:
- Total Assets: $1,145,784
- Total Liabilities: $1,773,248
- Net Assets: -$627,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$123,941
Organization Details
Founding Year
1995
Phone
(978) 630-6600Principal Officer
Brian Scales
Main Address
191 MAY STREET, WORCESTER, MA, 01602
NTEE Category
Code: L21 - Housing
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