Overview
What is Commonwealth Housing Inc C/O Allston Brighton Cdc?
Commonwealth Housing Inc C/O Allston Brighton Cdc is a nonprofit organization situated at 18R Shepard Street 100, Brighton, MA 02135. Their primary mission is to provide affordable housing and related services, fostering tenant empowerment. They achieve this by owning land and leasing it to Commglen LLC through a ground lease, resulting in 118 units of low and moderate income housing. This initiative encourages tenant participation in the operation, maintenance, and management of their housing, thereby supporting the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Commonwealth Housing Inc C/O Allston Brighton CDC has achieved an impressive Four-Star rating from Charity Navigator, reflecting a robust commitment to accountability and financial health. The charity's overall score is derived solely from its accountability and finance metrics, showcasing its strong governance and transparency practices. The assessment highlights that the organization has no material diversion of assets and adheres to a well-defined set of policies, including conflict of interest and whistleblower protections.
The organization boasts a fully independent board, with 100% of its members meeting this criterion, which contributes positively to its governance score. Additionally, it maintains a solid liabilities to assets ratio of 2.62% and allocates all of its expenses to programs, indicating efficient financial management and a focus on its mission.
Overall, Commonwealth Housing Inc C/O Allston Brighton CDC exemplifies strong operational practices and financial integrity. However, it is essential for potential donors and stakeholders to continue monitoring their activities to ensure sustained effectiveness and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Housing Inc C/O Allston Brighton Cdc legitimate?
Commonwealth Housing Inc C/O Allston Brighton Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Housing Inc C/O Allston Brighton Cdc 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 Commonwealth Housing Inc C/O Allston Brighton Cdc?
Commonwealth Housing Inc C/O Allston Brighton Cdc's mission is centered around providing affordable housing. The organization owns land and leases it to COMMGLEN LLC through a ground lease, specifically for 118 units of low and moderate income housing. The entity's mission extends beyond just housing, as it strives to empower tenants by offering related services and encouraging their participation in the operation, maintenance, and management of their housing. This approach aims to foster a sense of community and tenant involvement, ultimately enhancing the living experience for those residing in these affordable units.
Who is the CEO of Commonwealth Housing Inc C/O Allston Brighton Cdc?
John Woods is the President of Commonwealth Housing Inc C/O Allston Brighton Cdc.
What is the revenue of Commonwealth Housing Inc C/O Allston Brighton Cdc?
Commonwealth Housing Inc C/O Allston Brighton Cdc's revenue in 2022 was $50,000.
Who are the executives of Commonwealth Housing Inc C/O Allston Brighton Cdc and what are their salaries?
There 5 volunteers at Commonwealth Housing Inc C/O Allston Brighton Cdc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Commonwealth Housing Inc C/O Allston Brighton Cdc?
Commonwealth Housing Inc C/O Allston Brighton Cdc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Commonwealth Housing Inc C/O Allston Brighton Cdc
Commonwealth Housing Inc C/O Allston Brighton Cdc is dedicated to providing affordable housing solutions. The organization achieves this by owning land and leasing it to Commglen LLC through a ground lease. This arrangement allows for the development of 118 units of housing designed for individuals and families with low to moderate incomes.
Beyond just offering affordable housing, Commonwealth Housing Inc C/O Allston Brighton Cdc strives to empower its tenants. They achieve this by providing related services and encouraging tenant participation in the operation, maintenance, and management of their housing. This holistic approach not only ensures affordable living but also fosters a sense of community and involvement among the residents. By facilitating tenant empowerment, the organization aims to contribute to a more stable and thriving community.
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Impact
August, 2024
Commonwealth Housing Inc C/O Allston Brighton CDC's impact lies in providing affordable housing to individuals in need. By owning land and leasing it to Commglen LLC through a ground lease for 118 units of low and moderate-income housing, this organization plays a crucial role in addressing the housing needs of the community in Brighton, MA. Moreover, their mission to foster tenant empowerment through affordable housing and related services highlights their commitment to encouraging tenant participation in the operation, maintenance, and management of their housing. This initiative contributes to creating a more inclusive and sustainable living environment for those with limited financial resources.
This information is meant to be a general summary of Commonwealth Housing Inc C/O Allston Brighton Cdc. 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.
- Program Service Revenue: $50,000
- Gross Receipts: $50,000
Assets and Liabilities:
- Total Assets: $1,703,981
- Total Liabilities: $44,758
- Net Assets: $1,659,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$50,000
Organization Details
Founding Year
1996
Phone
(617) 787-3874Principal Officer
John Woods
Main Address
18R SHEPARD STREET 100, BRIGHTON, MA, 02135
NTEE Category
Code: L20 - Housing
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