Overview
What is United Residents In Academy Homes Ii Inc?
United Residents In Academy Homes II Inc is a nonprofit organization situated in Roxbury, Massachusetts, at 2900 Washington Street. Their primary mission is to address community deterioration, alleviate poverty, and decrease governmental burden by carrying out various charitable and educational activities. Additionally, they provide housing for low-income residents and strive to educate these residents to manage subsidized multi-family properties. Moreover, they offer a social enrichment program that includes engaging activities for their residents. This program aims to enhance the overall well-being and community engagement of the residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42% (Zero-Star out of Four Stars)
United Residents In Academy Homes Ii Inc has received a low rating of 42% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The organization has achieved a perfect score in some areas, such as having an entirely independent board and a strong oversight committee, which reflects a commitment to governance. However, the overall score is heavily impacted by various missing policies and insufficient financial transparency.
The nonprofit's weaknesses are particularly notable in the absence of key governance documents, such as a conflict of interest policy and whistleblower policy, which are critical for maintaining trust and accountability. Additionally, the lack of documentation for board meeting minutes and the failure to post required tax forms on its website further detracts from its credibility. These limitations suggest a need for improvement in financial practices and compliance with standard nonprofit governance.
Furthermore, the organization's program expense ratio is alarmingly low at 0.49%, indicating that a minimal portion of its funds is being directed toward its stated mission. This raises questions about the effectiveness of its programs and overall impact. To restore confidence among donors and the community, United Residents In Academy Homes Ii Inc needs to address these critical shortcomings in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is United Residents In Academy Homes Ii Inc legitimate?
United Residents In Academy Homes Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Residents In Academy Homes Ii 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: $374,142
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What is the mission statement of United Residents In Academy Homes Ii Inc?
United Residents In Academy Homes Ii Inc's mission is centered around combating community deterioration and alleviating poverty. The organization aims to reduce the burden on government by providing charitable and educational activities. One of their primary objectives is to manage housing for low-income residents. Moreover, they strive to empower these residents by helping them become owners of subsidized multi-family properties, thereby teaching them property management skills. The organization also implements a social enrichment program, offering various activities for the residents to engage in.
Who is the CEO of United Residents In Academy Homes Ii Inc?
Gloria Bowers is the President of United Residents In Academy Homes Ii Inc.
What is the revenue of United Residents In Academy Homes Ii Inc?
United Residents In Academy Homes Ii Inc's revenue in 2022 was $9,799,655.
Who are the executives of United Residents In Academy Homes Ii Inc 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 United Residents In Academy Homes Ii Inc?
United Residents In Academy Homes Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Residents In Academy Homes Ii Inc
United Residents in Academy Homes II Inc, as a nonprofit organization, is committed to combating community deterioration and alleviating poverty. Their primary mission is to reduce the burden on government by providing charitable and educational activities. In a unique approach, the organization aims to empower low-income residents by providing them with housing and teaching them how to manage multi-family properties. This dual focus not only addresses the immediate need for affordable housing but also equips residents with the skills necessary to become property owners, thereby fostering a sense of community ownership and self-sufficiency. To further enrich the lives of its residents, United Residents in Academy Homes II Inc offers a social enrichment program, providing a variety of activities for their community members.
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Impact
July, 2024
United Residents In Academy Homes II Inc's impact is focused on combating community deterioration, relieving poverty, lessening the burden on government, and providing charitable and educational activities in the Roxbury and Egleston Square neighborhoods. The organization's mission includes providing and managing housing for low-income residents, empowering community residents to become owners of subsidized multi-family properties, and learning how to manage them. Through programs like the Social Enrichment Program, the organization is actively working to create a positive impact on the lives of residents and strengthen the community.
This information is meant to be a general summary of United Residents In Academy Homes Ii 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: $173,749
- Gross Receipts: $9,903,777
Assets and Liabilities:
- Total Assets: $38,739,062
- Total Liabilities: $880,010
- Net Assets: $37,859,052
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Organization Details
Founding Year
2004
Phone
(617) 445-1160Principal Officer
Gloria Bowers
Main Address
2908 Washington St, Roxbury, MA, 02119
NTEE Category
Code: L80Z - Housing
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