Overview
What is Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc?
Riley House Non-Profit Housing Corporation, under the supervision of Maloney Properties Inc., is a dedicated nonprofit organization situated in Wellesley, Massachusetts. Their primary mission is to offer housing facilities and services tailored to the unique physical, social, and psychological needs of elderly individuals. They achieve this goal by providing affordable housing to qualified persons, with rental assistance facilitated under Section 8. Currently, the organization operates one program, which is financially backed by HUD Section 202.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Riley House Non-Profit Housing Corporation has earned a commendable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a perfect score for having an independent board, showcasing a commitment to governance and oversight. Their financial practices are also robust, with no material diversions of assets reported and a strong program expense ratio of 100%, ensuring that all funds are directed toward their mission.
Additionally, the nonprofit has established clear policies regarding conflict of interest and document retention, which further enhances their operational integrity. They also maintain thorough documentation of board meeting minutes, reflecting transparency in their decision-making processes. These strengths highlight Riley House's dedication to responsible management and effective use of resources.
While the overall score indicates strong fiscal health and governance, there is always room for improvement in areas such as expanding outreach or increasing program impact, which could enhance their rating further. Continued efforts to maintain transparency and accountability will be essential as they strive to meet community needs effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc legitimate?
Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riley House Non-Profit Housing Corporation C/O Maloney Properties 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: $142,078
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What is the mission statement of Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc?
The Riley House Non-Profit Housing Corporation, in partnership with Maloney Properties Inc., is dedicated to providing affordable housing to qualified individuals. This is primarily facilitated through rental assistance under Section 8, funded by HUD Section 202. Their mission extends beyond housing, as they aim to offer services specifically tailored to the physical, social, and psychological needs of elderly residents. This organization operates with a program that prioritizes the well-being of its elderly tenants, ensuring they live in suitable and supportive environments.
Who is the CEO of Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc?
William Grogan is the President & Clerk of Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc.
What is the revenue of Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc?
Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc's revenue in 2023 was $584,739.
Who are the executives of Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc?
Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc
Riley House Non-Profit Housing Corporation, under the management of Maloney Properties Inc, is dedicated to providing a mission of service. This mission revolves around offering affordable housing to qualified individuals, with financial aid provided through Section 8 rental assistance, as funded by HUD Section 202. Beyond just housing, the organization's primary focus is on catering to the needs of elderly persons. They achieve this by providing elderly individuals with housing facilities and services specifically tailored to their physical, social, and psychological needs. By offering this specialized care, Riley House Non-Profit Housing Corporation seeks to enhance the quality of life for its elderly residents, ensuring they live in a safe and supportive environment.
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Impact
July, 2024
Riley House Non-Profit Housing Corporation C/O Maloney Properties Inc's impact lies in its provision of affordable housing to qualified elderly persons. By offering rental assistance under Section 8 and operating a program financed by HUD Section 202, this organization serves the critical need for housing facilities and services tailored to the physical, social, and psychological needs of the elderly. In doing so, it contributes to enhancing the quality of life and well-being of elderly individuals in Wellesley, MA, and underscores its dedication to providing housing and services to those in need.
This information is meant to be a general summary of Riley House Non-Profit Housing Corporation C/O Maloney Properties 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 2023.
- Investment Income: $540
- Program Service Revenue: $584,199
- Gross Receipts: $584,739
Assets and Liabilities:
- Total Assets: $3,649,210
- Total Liabilities: $7,021,672
- Net Assets: -$3,372,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$584,199
Organization Details
Founding Year
2000
Phone
(781) 943-0200Principal Officer
William Grogan
Main Address
27 MICA LANE, WELLESLEY, MA, 024811707
NTEE Category
Code: L22 - Housing
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