Overview
What is Westwood Affordable Housing Assoc?
Westwood Affordable Housing Assoc is a nonprofit organization situated in Westwood, Massachusetts. Their primary purpose is to offer diverse, affordable housing options to individuals and families with varying income levels, ensuring they live in safe, clean, and comfortable environments. The organization is dedicated to fulfilling its mission of providing housing for Westwood residents, offering a wide range of suitable accommodations that cater to the needs of those classified as low, moderate, and middle-income.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Westwood Affordable Housing Association has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score is based solely on its accountability and finance metrics, indicating a solid foundation in these areas. The fiscal year 2022 demonstrated effective governance and transparency, which is crucial for donor confidence.
The organization boasts a fully independent board, with eight out of eight points awarded for board member independence. It has also excelled in financial management, with a remarkable program expense ratio of 94.68%, suggesting that the majority of its funding is directed towards its mission rather than administrative costs. Furthermore, it has established comprehensive policies regarding conflict of interest, whistleblower protection, and document retention, which further bolster its credibility.
No significant limitations were noted in the data, as the organization has no material diversion of assets and maintains a healthy liabilities to assets ratio of 32.32%. Overall, Westwood Affordable Housing Association appears to be a well-managed nonprofit committed to its mission and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Westwood Affordable Housing Assoc legitimate?
Westwood Affordable Housing Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westwood Affordable Housing Assoc 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 Westwood Affordable Housing Assoc?
Westwood Affordable Housing Assoc is committed to providing a variety of affordable housing options that cater to individuals of low, moderate, and middle income levels. Their mission is centered around offering safe, clean, and comfortable living spaces that meet a wide range of needs. By doing so, they aim to contribute positively to the housing scenario within their community, ensuring that housing remains an attainable resource for a broad spectrum of income groups.
Who is the CEO of Westwood Affordable Housing Assoc?
Unavailable
What is the revenue of Westwood Affordable Housing Assoc?
Westwood Affordable Housing Assoc's revenue in 2022 was $683,468.
Who are the executives of Westwood Affordable Housing Assoc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Westwood Affordable Housing Assoc?
Westwood Affordable Housing Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westwood Affordable Housing Assoc
Westwood Affordable Housing Associates, or WAHA, is a nonprofit organization dedicated to providing affordable housing solutions. Their mission is to offer a diverse range of safe, clean, and suitable living accommodations to individuals and families with low, moderate, and middle incomes residing in Westwood, Massachusetts. Essentially, WAHA exists to ensure that affordable housing is accessible to every income group within the community, providing a necessary service that supports the well-being and stability of its residents.
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Impact
July, 2024
Westwood Affordable Housing Assoc's impact is significant in providing affordable housing for residents of Westwood, MA. They offer diverse types of housing options to ensure that individuals of low, moderate, and middle income have access to safe, sanitary, and suitable living accommodations. By fulfilling their mission of providing affordable housing, Westwood Affordable Housing Assoc plays a crucial role in supporting the community and addressing housing needs in Westwood.
This information is meant to be a general summary of Westwood Affordable Housing Assoc. 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: $1,035
- Program Service Revenue: $532,433
- Gross Receipts: $683,468
Assets and Liabilities:
- Total Assets: $4,127,186
- Total Liabilities: $1,334,233
- Net Assets: $2,792,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$186,058
Linkage Fees
Revenue
$346,375
Organization Details
Founding Year
1998
Main Address
580 High Street, Westwood, MA, 02090
NTEE Category
Code: L80 - Housing
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