Overview
What is Westfield 202 Inc?
Westfield 202 Inc, located in Boston, Massachusetts, is a nonprofit organization that plays a significant role in providing housing and support services for low-income elderly individuals. Situated in Westfield, Massachusetts, their primary mission is to offer housing facilities and assistance tailored to the unique needs of this demographic. They cater to 46 elderly residents, ensuring they have access to a comfortable living environment. Their services extend beyond just housing, contributing to the overall well-being of the community's elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Westfield 202 Inc has received an 80% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is based entirely on the organization's performance in the Accountability & Finance category. The high rating suggests that the charity effectively manages its resources and adheres to best practices in governance.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. This strong board structure, coupled with a low liabilities-to-assets ratio of 19.87%, reflects a sound financial position. Additionally, Westfield 202 Inc demonstrates a commitment to transparency by documenting board meeting minutes and having a clear conflict of interest policy in place.
On the operational front, the charity has an impressive program expense ratio of 93.96%, meaning that nearly all of its expenses are directed towards its programs. While these metrics highlight the strengths of Westfield 202 Inc, the overall score does not account for other potential factors such as community impact or program effectiveness that could further inform stakeholders about the charity's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Westfield 202 Inc legitimate?
Westfield 202 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westfield 202 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: $0
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What is the mission statement of Westfield 202 Inc?
Westfield 202 Inc's primary purpose is to serve elderly individuals with low and very low income by providing them with housing facilities and services tailored to their specific needs. The organization's mission is to offer a living environment that caters to the elderly, ensuring their comfort and well-being. Westfield 202 Inc has demonstrated its commitment by providing 46 units of residential housing and support services in Westfield, Massachusetts. Their goal is to enhance the living conditions of elderly individuals, enabling them to maintain their independence and dignity in a safe and supportive environment.
Who is the CEO of Westfield 202 Inc?
Phillip Clay is the Principal Officer of Westfield 202 Inc.
What is the revenue of Westfield 202 Inc?
Westfield 202 Inc's revenue in 2022 was $475,136.
Who are the executives of Westfield 202 Inc and what are their salaries?
There 6 volunteers at Westfield 202 Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Westfield 202 Inc?
Westfield 202 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westfield 202 Inc
Westfield 202 Inc, a nonprofit organization, is dedicated to serving the needs of elderly individuals with low and very low incomes. Its primary mission is to provide them with housing facilities and services specifically tailored to cater to their unique requirements. The organization's purpose is to offer a safe and supportive living environment where elderly people can thrive and maintain their independence. By doing so, Westfield 202 Inc strives to enhance the quality of life for this vulnerable population.
In practice, Westfield 202 Inc provides 46 units of residential housing and support services to eligible elderly individuals. These facilities are designed to meet their specific needs, ensuring a comfortable and secure living environment. The organization's mission extends beyond just providing housing; it also offers support services to help these elderly residents lead fulfilling lives. These services may include assistance with daily activities, health care, social programs, and other resources to promote their overall well-being. By offering a comprehensive range of services, Westfield 202 Inc aims to empower elderly individuals and help them maintain their independence, dignity, and quality of life.
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Impact
July, 2024
Westfield 202 Inc's impact is substantial as it provides crucial support to low and very low-income elderly individuals in Westfield, Massachusetts. By offering 46 units of residential housing along with tailored support services, Westfield 202 Inc plays a vital role in ensuring the well-being and security of this vulnerable population. Through its primary mission of providing housing facilities and services that cater to the specific needs of elderly individuals with limited financial resources, Westfield 202 Inc contributes significantly to enhancing the quality of life for this demographic in the Boston area.
This information is meant to be a general summary of Westfield 202 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: $47
- Program Service Revenue: $180,638
- Gross Receipts: $475,136
Assets and Liabilities:
- Total Assets: $3,039,210
- Total Liabilities: $576,115
- Net Assets: $2,463,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$180,638
Organization Details
Founding Year
1999
Phone
(857) 221-8600Principal Officer
Phillip Clay
Main Address
CO TCB INC 185 DARTMOUTH STREET, BOSTON, MA, 02116
NTEE Category
Code: L22 - Housing
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