Overview
What is Nate Smith Housing Corporation Jpndc?
Nate Smith Housing Corporation Jpndc is a nonprofit organization situated in Jamaica Plain, Massachusetts, specifically at 284 Amory Street Building K, ZIP code 02130. Their primary mission is to provide affordable housing for the elderly population in the local Jamaica Plain area. They have successfully managed to offer 45 housing units, along with social services, to low-income elderly individuals in this community. The organization is dedicated to rehabilitating, owning, and operating these 45 units, ensuring a comfortable living environment for the elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Nate Smith Housing Corporation has received a Two-Star rating from Charity Navigator, indicating that while it shows strengths in certain areas, there are significant concerns regarding its financial health. The organization boasts a high program expense ratio of 91.79%, which suggests that a large portion of its funding goes directly towards programs rather than administrative costs. Additionally, it scores well in governance aspects, with a fully independent board and policies in place to manage conflicts of interest and document retention.
Despite these strengths, the organization faces challenges reflected in its financial metrics. The liabilities to assets ratio is alarmingly high at 111.34%, indicating potential financial instability. Furthermore, the charity has not provided its tax forms on its website, which is a crucial transparency measure that donors often look for. The absence of a whistleblower policy and missing tax forms could raise red flags for potential supporters and stakeholders.
Overall, while Nate Smith Housing Corporation demonstrates a commitment to its mission through program spending and governance, the financial indicators and transparency issues noted by Charity Navigator suggest that potential donors should exercise caution and seek further information.
This AI summary has been generated from information found on Charity Navigator.
Is Nate Smith Housing Corporation Jpndc legitimate?
Nate Smith Housing Corporation % Jpndc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nate Smith Housing Corporation % Jpndc 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.
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What is the mission statement of Nate Smith Housing Corporation Jpndc?
The Nate Smith Housing Corporation's mission is centered around providing affordable housing. Specifically, they aim to rehabilitate, own, and operate 45 units of low-income housing for the elderly. This initiative is carried out to offer a residential solution for elderly individuals with limited financial resources. The corporation's activities extend beyond mere housing, as they also provide essential social services to the residents, ensuring they live in a supportive environment. The housing units are located in Jamaica Plain, Massachusetts.
Who is the CEO of Nate Smith Housing Corporation Jpndc?
Adam Burrows is the President of Nate Smith Housing Corporation % Jpndc.
What is the revenue of Nate Smith Housing Corporation Jpndc?
Nate Smith Housing Corporation Jpndc's revenue in 2022 was $477,183.
Who are the executives of Nate Smith Housing Corporation Jpndc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Nate Smith Housing Corporation Jpndc?
Nate Smith Housing Corporation Jpndc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nate Smith Housing Corporation Jpndc
Nate Smith Housing Corporation Jpndc is an organization with a mission to rehabilitate, own, and operate affordable housing for the elderly. Specifically, they have successfully provided 45 units of low-income housing for the elderly in Jamaica Plain, Massachusetts. This nonprofit corporation is dedicated to supporting the elderly population by offering not just a place to live, but also essential social services. Their goal is to enhance the living conditions and well-being of this vulnerable group, ensuring they can age with dignity and security.
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Impact
July, 2024
Nate Smith Housing Corporation Jpndc's impact is evident in its provision of affordable housing and social services to low-income elderly individuals in the Jamaica Plain section of Boston, MA. By owning and operating 45 units of housing specifically designed for this demographic, this organization directly addresses the critical need for safe and affordable housing for elderly residents in the community. Their mission to rehabilitate and offer these housing options demonstrates a tangible commitment to supporting the well-being and dignity of elderly individuals in Jamaica Plain, MA.
This information is meant to be a general summary of Nate Smith Housing Corporation Jpndc. 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: $266
- Program Service Revenue: $113,554
- Gross Receipts: $477,183
Assets and Liabilities:
- Total Assets: $881,854
- Total Liabilities: $981,867
- Net Assets: -$100,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$113,554
Organization Details
Founding Year
1995
Phone
(617) 522-2424Principal Officer
Adam Burrows
Main Address
284 AMORY STREET BUILDING K, JAMAICA PLAIN, MA, 02130
NTEE Category
Code: L20 - Housing
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