Overview
What is Warren Apartments Corporation?
Warren Apartments Corporation is a nonprofit organization situated in Boston, Massachusetts, specifically at 130 Dartmouth Street, 02116. Their primary mission is to support individuals of low-income by providing housing that caters to their various health, physical, social, and psychological needs. The organization's goal is to promote security and well-being for its residents. Through their acquisitions and preservations, they have made a significant impact in the Boston community by offering specialized housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Warren Apartments Corporation has achieved a 79% rating on Charity Navigator, indicating a moderate level of financial health and accountability. The rating is based entirely on their Accountability & Finance score, which reflects the organization’s practices in managing its funds and governance. In FY2020, their strong performance on various metrics demonstrates a well-structured board and adherence to best practices, such as having a majority of independent board members and effective policies for conflict of interest and whistleblowing.
The organization scored exceptionally in several areas, particularly with a program expense ratio of 99.89%, showing that nearly all of their expenditures are directed toward their mission. Their commitment to transparency is evidenced by the existence of documented board meeting minutes and comprehensive policies for document retention. This level of governance contributes positively to their reputation and trustworthiness among donors and stakeholders.
However, a significant concern arises from their liabilities to assets ratio, which is extremely high at 11873.67%, resulting in a score of 0 out of 15 in that category. This could indicate potential financial instability or risk if not addressed. Overall, while Warren Apartments Corporation displays many strengths in governance and financial accountability, addressing its liabilities may be crucial for future sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Warren Apartments Corporation legitimate?
Warren Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Warren Apartments Corporation 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 Warren Apartments Corporation?
The Warren Apartments Corporation's mission is centered around providing housing for individuals of low income. This housing is specifically designed to cater to their health, physical, social, and psychological needs, aiming to promote security and well-being. The organization's primary objective is to meet the comprehensive needs of its residents, ensuring a holistic living environment. By acquiring and preserving real estate, Warren Apartments Corporation makes a significant contribution to the availability of affordable housing.
Who is the CEO of Warren Apartments Corporation?
Nikiya Fortes is the Director of Warren Apartments Corporation.
What is the revenue of Warren Apartments Corporation?
Warren Apartments Corporation's revenue in 2020 was $0.
Who are the executives of Warren Apartments Corporation and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $6,850
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Where can I find the form 990 for Warren Apartments Corporation?
Warren Apartments Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Warren Apartments Corporation
Warren Apartments Corporation, as a mission-driven organization, is dedicated to providing housing opportunities for individuals of low-income. This housing is specifically designed to cater to the health, physical, social, and psychological needs of its residents. The corporation strives to promote security within these communities, ensuring a safe and supportive living environment. By acquiring and preserving real estate in various locations, Warren Apartments Corporation offers a sanctuary for individuals who may be in need of such facilities. The organization's mission is a testament to its commitment to enhancing the lives of its residents, providing them with a residence that addresses their comprehensive needs.
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Impact
October, 2024
Warren Apartments Corporation plays a vital role in addressing the housing needs of low-income individuals in Boston, MA. By acquiring and preserving real estate, the organization ensures that affordable housing options are available to those who require special accommodations to meet their health, physical, social, and psychological needs. This focus not only enhances the quality of life for residents but also fosters a sense of security and community.
The corporation's mission directly contributes to the overall well-being of vulnerable populations, promoting stability and empowerment through access to safe and supportive living environments. By creating purpose-driven housing solutions, Warren Apartments Corporation helps bridge the gap in affordable housing, allowing residents to thrive in a nurturing atmosphere that acknowledges and addresses their specific circumstances.
This information is meant to be a general summary of Warren Apartments Corporation. 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 2020.
Assets and Liabilities:
- Total Assets: $566
- Total Liabilities: $67,205
- Net Assets: -$66,639
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Organization Details
Founding Year
1996
Phone
(617) 262-4103Principal Officer
Nikiya Fortes
Main Address
130 DARTMOUTH STREET, BOSTON, MA, 02116
NTEE Category
Code: L21 - Housing
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