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Cheverus School Apartments Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043292605 ✦ East boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Cheverus School Apartments Inc?

Cheverus School Apartments Inc, located in East Boston, Massachusetts, is a nonprofit organization that operates a 47-unit housing facility. Their primary mission is to provide affordable housing and supportive services to the low-income elderly community in the area. By offering a comprehensive range of assistance, they aim to improve the quality of life for their residents. This includes but is not limited to, offering housing, providing essential support services, and fostering a nurturing environment for the elderly population in need.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating.

Cheverus School Apartments Inc has received a moderate rating, reflecting some strengths in its financial management but also notable areas for improvement. The organization demonstrates solid practices with a perfect score in its audit of financial statements and policies related to conflict of interest and whistleblower protections. However, the lack of independent board members raises concerns about governance and oversight.

While the organization manages its program expenses effectively, a critical weakness is identified in its transparency and accessibility of financial documentation. The absence of its tax form on the nonprofit's website and a poor score in the liabilities to assets ratio suggest that stakeholders may have difficulty assessing its financial health. Overall, while Cheverus School Apartments Inc shows some strong financial practices, it faces challenges in governance and transparency that could affect its overall effectiveness and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is Cheverus School Apartments Inc legitimate?

Cheverus School Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cheverus School 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: $0

For more financial information, click here

What is the mission statement of Cheverus School Apartments Inc?

Cheverus School Apartments Inc, as an organization, is dedicated to providing housing and supportive services to low-income elderly individuals. Their primary mission is to create an environment where these individuals can reside affordably while receiving essential support services. Operating a 47-unit housing facility in an unspecified location, this organization serves the very low-income elderly community, ensuring they have access to a secure and nurturing living environment. The goal is to enhance their overall quality of life, providing them with the resources they need to thrive.

Who is the CEO of Cheverus School Apartments Inc?

John Cradock is the President of Cheverus School Apartments Inc.

What is the revenue of Cheverus School Apartments Inc?

Cheverus School Apartments Inc's revenue in 2022 was $522,985.

Who are the executives of Cheverus School Apartments Inc and what are their salaries?


Here are 6 key members and their salaries:


John Cradock (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert F Caldarelli (Treasurer And Clerk)
  • Compensation: $0
  • Related: $279,247
  • Other: $18,117
Albert Festa (Director)
  • Compensation: $0
  • Related: $255,036
  • Other: $16,391
Pasquale Cordisco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Rogers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Sorrento (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cheverus School Apartments Inc?

Cheverus School Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cheverus School Apartments Inc

Cheverus School Apartments Inc, a nonprofit organization, is dedicated to providing housing and supportive services to low-income elderly individuals. Their mission is centered around offering affordable housing and essential support services to the most vulnerable elderly population, ensuring they live with dignity and security. By operating a 47-unit housing facility, Cheverus School Apartments Inc plays a crucial role in addressing the housing needs of very low-income elderly residents, thereby contributing to their overall well-being and quality of life.

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Impact




July, 2024

Cheverus School Apartments Inc has a significant impact by providing housing and supportive services to low-income elderly individuals in the East Boston, MA community. Through its operation of a 47-unit housing facility, this organization offers affordable housing and vital support services to very low-income elderly residents. By addressing the housing needs of this vulnerable population, Cheverus School Apartments Inc positively contributes to the well-being and quality of life of elderly individuals in the community, fulfilling its mission to provide essential housing and supportive services to those in need.




This information is meant to be a general summary of Cheverus School 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.

Revenue
$522,985 (2022)
Expenses
$626,785 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $89
  • Program Service Revenue: $522,896
  • Gross Receipts: $522,985

Assets and Liabilities:

  • Total Assets: $2,635,089
  • Total Liabilities: $5,267,683
  • Net Assets: -$2,632,594

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NET RESIDENTIAL RENT

Revenue

$520,331

TENANT CHARGES

Revenue

$2,565

Organization Details

Founding Year

1995

Principal Officer

John Cradock

Main Address

80 BORDER STREET 3RD FLOOR, EAST BOSTON, MA, 021281926

NTEE Category

Code: P75 - Human services

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