Overview
What is Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc?
Geneva Avenue Elderly Housing Inc, under the umbrella of Maloney Properties Inc, is a nonprofit organization situated at 27 Mica Lane, Wellesley, Massachusetts. Their primary mission is to offer housing solutions to low-income elderly individuals, as well as those who are disabled or handicapped. They are committed to providing a living space that caters to this specific population's unique needs. The organization's activities revolve around offering housing services, ensuring that those in need can maintain a safe and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating. This rating indicates that Geneva Avenue Elderly Housing Inc has some strengths but also significant areas that need improvement. The organization demonstrates a strong commitment to financial accountability, earning full points in areas such as independent board member representation and financial oversight.
However, there are notable concerns regarding transparency and governance. The organization has received zero points in several critical areas, including conflict of interest and whistleblower policies, as well as missing disclosures on their website. This lack of essential policy documentation raises questions about their operational practices.
Financially, while the program expense ratio is commendable at 97.86%, the high liabilities to assets ratio of 150.63% suggests potential financial instability. Given these factors, while the nonprofit is effectively directing funds towards its programs, it must enhance its governance and financial transparency to improve its overall rating and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc legitimate?
Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Geneva Avenue Elderly Housing Inc 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: $0
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What is the mission statement of Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc?
Geneva Avenue Elderly Housing Inc, under the umbrella of Maloney Properties Inc, has a mission to provide housing for individuals who fall into the low-income elderly and/or handicapped categories. This organization is dedicated to offering a residential space that is accommodating to the specific needs of this group of people. Their mission is to ensure that these individuals have access to a suitable living environment, enabling them to maintain their independence and dignity. The organization's activities are centered around providing housing solutions that cater to the unique needs of the elderly and handicapped population, promoting their well-being and overall quality of life.
Who is the CEO of Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc?
John Wells is the Treasurer of Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc.
What is the revenue of Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc?
Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc's revenue in 2022 was $515,969.
Who are the executives of Geneva Avenue Elderly Housing Inc 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 Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc?
Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc
Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc is a dedicated organization with a mission to provide housing for individuals who fall under the categories of low-income elderly and/or handicapped persons. This nonprofit entity is committed to serving this specific demographic by offering them a place to call home. The core activity of the organization revolves around the provision of suitable housing, catering to the unique needs of elderly and disabled individuals. By offering housing solutions, Geneva Avenue Elderly Housing Inc C/O Maloney Properties Inc aims to contribute positively to the lives of these individuals, providing them with a secure and comfortable living environment.
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Impact
July, 2024
Geneva Avenue Elderly Housing Inc, managed by Maloney Properties Inc, has a direct impact on the lives of low-income elderly and disabled individuals by providing them with affordable housing. This organization's mission to offer a safe and comfortable living environment for those in need helps improve their quality of life and ensures they have a stable place to call home. Through their dedicated efforts, Geneva Avenue Elderly Housing Inc positively impacts the community by addressing the housing needs of vulnerable populations and promoting social inclusion and support for the elderly and disabled.
This information is meant to be a general summary of Geneva Avenue Elderly Housing Inc 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 2022.
- Investment Income: $52
- Program Service Revenue: $506,455
- Gross Receipts: $515,969
Assets and Liabilities:
- Total Assets: $4,703,489
- Total Liabilities: $6,936,766
- Net Assets: -$2,233,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$506,455
Organization Details
Founding Year
2000
Phone
(781) 943-0200Principal Officer
John Wells
Main Address
27 MICA LANE, WELLESLEY, MA, 02481
NTEE Category
Code: L22 - Housing
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