Overview
What is Fall River Group Homes Inc?
Fall River Group Homes Inc is a nonprofit organization situated in Kingston, Massachusetts, specifically at 169 Summer Street. Their primary mission is to provide affordable housing facilities and services tailored to meet the unique needs of low-income elderly and disabled individuals. To achieve this, they focus on subsidized low-income housing, with a special commitment to developing and managing such accommodations. Their goal is to ensure these vulnerable groups have a safe, supportive environment to call home.
Official website here: www.housingsolutionssema.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Fall River Group Homes Inc has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. With an overall score of 82%, the organization demonstrates strengths in governance, including a fully independent board of directors and comprehensive policies regarding conflicts of interest, whistleblowing, and document retention.
The nonprofit excels in its program expense ratio, allocating nearly all its resources towards its programs, which reflects a strong commitment to its mission. However, a significant concern is its liabilities to assets ratio, which stands at 119.77%. This indicates that the organization has more liabilities than assets, potentially raising questions about its financial sustainability.
Despite this limitation, the organization has established solid practices in transparency and accountability, exemplified by the listing of essential documents and policies. Overall, while the financial health poses some risks, Fall River Group Homes Inc is commendable for its governance and program dedication.
This AI summary has been generated from information found on Charity Navigator.
Is Fall River Group Homes Inc legitimate?
Fall River Group Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fall River Group Homes 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.
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Official website here: www.housingsolutionssema.org
What is the mission statement of Fall River Group Homes Inc?
The mission of Fall River Group Homes Inc is to develop and manage low-income housing facilities designed specifically for the elderly and disabled. Their objective is to provide affordable housing to senior citizens and disabled individuals, ensuring their needs are addressed adequately. By offering housing facilities tailored to their requirements, Fall River Group Homes Inc strives to contribute positively to the well-being and comfort of their residents.
Official website here: www.housingsolutionssema.org
Who is the CEO of Fall River Group Homes Inc?
Maureen Petersen is the Vice Chair of Fall River Group Homes Inc.
Official website here: www.housingsolutionssema.org
What is the revenue of Fall River Group Homes Inc?
Fall River Group Homes Inc's revenue in 2022 was $112,957.
Official website here: www.housingsolutionssema.org
Who are the executives of Fall River Group Homes Inc and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.housingsolutionssema.org
Where can I find the form 990 for Fall River Group Homes Inc?
Fall River Group Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingsolutionssema.org
Learn more at the official website: www.housingsolutionssema.org
Mission Statement of Fall River Group Homes Inc
Fall River Group Homes Inc, a nonprofit organization, is dedicated to providing affordable housing for the elderly and disabled. Specifically, their mission is to develop and manage low-income housing facilities that cater to the unique needs of these individuals. By offering such accommodations, they aim to help low-income elderly and disabled persons secure a comfortable living environment that suits their specific requirements. The organization's primary goal is to ensure that these vulnerable groups have access to housing that is both affordable and suitable to their needs.
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Impact
June, 2024
Fall River Group Homes Inc provides subsidized low-income housing for the elderly and disabled individuals in Kingston, MA. Their impact lies in offering affordable housing facilities and services specifically catered to meet the needs of this vulnerable population. By focusing on developing and managing low-income housing for the elderly and disabled, Fall River Group Homes Inc plays a crucial role in supporting individuals with mental health challenges to live independently and with dignity.
This information is meant to be a general summary of Fall River Group Homes 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.
- Program Service Revenue: $112,957
- Gross Receipts: $112,957
Assets and Liabilities:
- Total Assets: $412,844
- Total Liabilities: $478,368
- Net Assets: -$65,524
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$112,957
Organization Details
Founding Year
1999
Phone
(781) 422-4200Principal Officer
Maureen Petersen
Main Address
169 SUMMER STREET, KINGSTON, MA, 02364
Website
www.housingsolutionssema.orgNTEE Category
Code: F33 - Mental health
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