Overview
What is Advocates Co-Ops Corporation?
Advocates Co-Ops Corporation is a nonprofit organization situated in Framingham, Massachusetts. Their primary focus is to provide housing services, tailored for individuals who are financially disadvantaged and have intellectual or physical disabilities. The organization's mission is centered around offering community residences, creating an inclusive and supportive living environment for these individuals. The services they offer help to enhance their quality of life and promote their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Advocates Co-Ops Corporation has received a solid Three-Star rating from Charity Navigator, reflecting its strong emphasis on accountability and finance with a score of 81%. This rating indicates that the organization meets high standards for financial health and transparency, which can give potential donors confidence in their contributions. The rating is based solely on the Accountability & Finance beacon, demonstrating a focused commitment to these aspects.
One of the organization’s notable strengths is its board governance, featuring 100% independent members and a well-documented conflict of interest policy. Additionally, Advocates Co-Ops Corporation has demonstrated excellent program efficiency with an impressive program expense ratio of 95.34%, meaning a significant portion of its resources is directed toward its programs rather than administrative costs. Furthermore, the organization has established whistleblower and board meeting documentation policies, which enhance its accountability framework.
However, there are areas where the organization could improve. The liabilities to assets ratio stands at 57.69%, indicating some level of financial obligation that needs attention. While the overall financial management appears robust, addressing this balance could strengthen the organization's financial positioning further. Overall, Advocates Co-Ops Corporation presents itself as a reliable and accountable nonprofit, but like any organization, it has opportunities for growth.
This AI summary has been generated from information found on Charity Navigator.
Is Advocates Co-Ops Corporation legitimate?
Advocates Co-Ops Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advocates Co-Ops Corporation 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: $46,234
For more financial information, click here
What is the mission statement of Advocates Co-Ops Corporation?
Advocates Co-Ops Corporation is dedicated to providing community residences for individuals with disabilities who have low income. This organization's primary mission is to offer housing services, specifically catering to 21 individuals with intellectual and/or physical disabilities. By offering these residences, Advocates Co-Ops Corporation aims to contribute to their residents' overall well-being and living situations, ensuring they have access to a supportive community. The corporation does not specify any particular type of support or services beyond providing these residential facilities.
Who is the CEO of Advocates Co-Ops Corporation?
Jessica Kemp is the Chair & President of Advocates Co-Ops Corporation.
What is the revenue of Advocates Co-Ops Corporation?
Advocates Co-Ops Corporation's revenue in 2022 was $170,542.
Who are the executives of Advocates Co-Ops Corporation and what are their salaries?
There 6 volunteers at Advocates Co-Ops Corporation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $2,320
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Advocates Co-Ops Corporation?
Advocates Co-Ops Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Advocates Co-Ops Corporation
Advocates Co-Ops Corporation, a nonprofit organization, is dedicated to providing community residences for individuals who are financially disadvantaged and live with disabilities. Its mission is to offer a supportive living environment that caters to the unique needs of these individuals, specifically those with intellectual and/or physical disabilities. By providing housing services, Advocates Co-Ops Corporation aims to ensure that these individuals have access to a secure and nurturing place to call home, fostering their independence and overall well-being. The corporation's commitment to this cause enables 21 individuals to benefit from their housing services, ultimately contributing to a more inclusive and equitable community.
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Impact
October, 2024
Advocates Co-Ops Corporation significantly impacts the community by providing quality housing services for low-income individuals with intellectual and/or physical disabilities. Located in Framingham, MA, the organization operates community residences that cater to 21 individuals, ensuring they have a safe and supportive living environment. This initiative not only addresses the critical need for accessible housing but also fosters independence and social inclusion for those who may otherwise struggle to find appropriate accommodations. By prioritizing the needs of these individuals, Advocates Co-Ops Corporation enhances their overall quality of life and promotes community integration.
This information is meant to be a general summary of Advocates Co-Ops Corporation. 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: $84,216
- Gross Receipts: $170,542
Assets and Liabilities:
- Total Assets: $2,045,471
- Total Liabilities: $1,044,866
- Net Assets: $1,000,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$84,216
Organization Details
Founding Year
2000
Phone
(508) 628-6300Principal Officer
Jessica Kemp
Main Address
1881 WORCESTER ROAD, FRAMINGHAM, MA, 01701
NTEE Category
Code: L21 - Housing
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