Overview
What is Three Gems Inc?
Three Gems Inc is a nonprofit organization situated in Cambridge, Massachusetts, specifically at 810 Memorial Drive 107. Their primary mission is to offer housing solutions for individuals living with low income and chronic mental disabilities. They have approximately eight housing units situated in Lowell, Massachusetts, which they manage and maintain. The organization's main objective is to provide a supportive living environment for these individuals, ensuring they have access to safe and comfortable accommodations.
Official website here: www.cascap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Three Gems Inc has achieved an 82% rating from Charity Navigator, which reflects a solid performance in accountability and finance. The organization boasts a commendable 100% independent board membership, indicating a strong commitment to governance. With an impressive program expense ratio of 90.77%, it shows that a significant portion of its funding is directed towards its programs, demonstrating effective use of resources.
The charity has received full marks for several key policies and practices, including its conflict of interest policy and whistleblower policy. This highlights a commitment to transparency and ethical governance. Additionally, the organization has no recorded material diversion of assets, reinforcing its integrity in financial management.
However, while the overall rating is positive, the organization holds a Three-Star rating, which suggests there may be areas for improvement in its operations or outreach efforts. Stakeholders might consider monitoring how the organization addresses any potential shortcomings as it continues its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Three Gems Inc legitimate?
Three Gems Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Gems 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: $11,275
For more financial information, click here
Official website here: www.cascap.org
What is the mission statement of Three Gems Inc?
Three Gems Inc is committed to providing low-income housing for individuals who are chronically mentally disabled. Their mission is to offer a supportive living environment for these individuals, ensuring they have a place to call home. The organization operates and maintains approximately eight units of housing, providing a safe and secure living space. Their goal is to enhance the quality of life for these individuals, offering them a sense of independence and community. By providing affordable housing, Three Gems Inc aims to promote inclusivity and equal opportunities for those who may face challenges in securing housing due to their mental health conditions.
Official website here: www.cascap.org
Who is the CEO of Three Gems Inc?
Sara Barcan is the Director of Three Gems Inc.
Official website here: www.cascap.org
What is the revenue of Three Gems Inc?
Three Gems Inc's revenue in 2022 was $126,923.
Official website here: www.cascap.org
Who are the executives of Three Gems Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.cascap.org
Where can I find the form 990 for Three Gems Inc?
Three Gems Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cascap.org
Learn more at the official website: www.cascap.org
Mission Statement of Three Gems Inc
Three Gems Inc, a nonprofit organization, is committed to providing low-income housing for individuals who are chronically mentally disabled. Their mission is to create a safe and supportive living environment for these individuals, offering them a place to call home. The organization operates and maintains approximately eight units of housing, providing a much-needed service to this vulnerable population. By offering affordable housing, Three Gems Inc enables individuals with mental disabilities to lead more stable and independent lives, free from the stresses and challenges associated with homelessness. The organization's mission is a testament to their dedication to improving the lives of those in need.
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Impact
October, 2024
Three Gems Inc significantly impacts the community by providing essential housing for low-income individuals with chronic mental disabilities. Operating approximately eight housing units in Lowell, Massachusetts, the organization ensures that some of the most vulnerable populations have access to stable living environments. This initiative not only addresses the immediate need for affordable housing but also contributes to the overall well-being and stability of its residents, fostering a sense of community and support. By focusing on this underserved demographic, Three Gems Inc plays a crucial role in improving the quality of life and facilitating greater independence for individuals facing mental health challenges.
This information is meant to be a general summary of Three Gems 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: $19
- Program Service Revenue: $125,953
- Gross Receipts: $126,923
Assets and Liabilities:
- Total Assets: $1,305,772
- Total Liabilities: $953,012
- Net Assets: $352,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$125,953
Organization Details
Founding Year
2000
Phone
(617) 492-5559Principal Officer
Sara Barcan
Main Address
810 MEMORIAL DRIVE 107, CAMBRIDGE, MA, 02139
Website
www.cascap.orgNTEE Category
Code: L21 - Housing
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