Overview
What is Affordable Housing And Services Collaborative Inc?
Affordable Housing and Services Collaborative Inc is a Massachusetts-based nonprofit organization dedicated to developing and preserving affordable housing for low-income families, youth, persons with disabilities, elders, veterans, and other special populations. Their mission goes beyond just providing housing, as they offer supportive services and programs that enhance the quality of life for their residents. These initiatives include wellness, educational, social, and supportive services that directly benefit the targeted demographic. The corporation not only focuses on creating new affordable housing opportunities but also seeks to preserve existing developments, ensuring the continued provision of residential-based services and programs for its residents. With a team of four employees, they are committed to making a difference in their community.
Official website here: www.ahscinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
Affordable Housing and Services Collaborative Inc has received an 84% rating, indicating a solid performance primarily based on its accountability and financial management. The charity demonstrates a strong governance structure, with 100% of its board members being independent, which enhances its overall transparency and accountability. Additionally, it has a comprehensive audit and oversight committee in place and adheres to policies regarding conflict of interest and whistleblower protection.
The organization shows significant commitment to utilizing its resources effectively, as reflected in its program expense ratio of 83.20%. This suggests that a large portion of its funds is directed towards its mission-related activities. However, the liabilities to assets ratio of 66.58% raises some concerns about its financial leverage, indicating that a notable portion of its assets are financed through liabilities, which could affect its long-term financial sustainability.
Overall, while Affordable Housing and Services Collaborative Inc exhibits strong financial practices and governance, the organization may need to address its balance sheet structure to ensure continued effectiveness and stability in delivering its services.
This AI summary has been generated from information found on Charity Navigator.
Is Affordable Housing And Services Collaborative Inc legitimate?
Affordable Housing And Services Collaborative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing And Services Collaborative 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: $356,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,720,128
For more financial information, click here
Official website here: www.ahscinc.org
What is the mission statement of Affordable Housing And Services Collaborative Inc?
The Affordable Housing and Services Collaborative Inc is dedicated to developing and preserving affordable housing for low-income families, youth, elders, individuals with disabilities, and other special populations, including veterans and the homeless. Their mission extends beyond providing housing, as they aim to enhance the quality of life of their residents through various supportive services and initiatives. These services encompass wellness, education, social programs, and other benefits that directly benefit low-income families, youth, persons with disabilities, and the elderly residing in affordable housing developments. The organization also seeks opportunities to develop new affordable housing projects, which are essential for the delivery of residential-based services and programs for their targeted population.
Official website here: www.ahscinc.org
Who is the CEO of Affordable Housing And Services Collaborative Inc?
Michael Mattos is the Director (As Of 2/11/22) of Affordable Housing And Services Collaborative Inc.
Official website here: www.ahscinc.org
What is the revenue of Affordable Housing And Services Collaborative Inc?
Affordable Housing And Services Collaborative Inc's revenue in 2022 was $21,678,364.
Official website here: www.ahscinc.org
Who are the executives of Affordable Housing And Services Collaborative Inc and what are their salaries?
The average compensation at Affordable Housing And Services Collaborative Inc during 2022 was $519,256. There are 4 employees and 8 volunteers at Affordable Housing And Services Collaborative Inc.
Here are 9 key members and their salaries:
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $287,296
- Related: $0
- Other: $42,562
Official website here: www.ahscinc.org
Where can I find the form 990 for Affordable Housing And Services Collaborative Inc?
Affordable Housing And Services Collaborative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahscinc.org
Learn more at the official website: www.ahscinc.org
Mission Statement of Affordable Housing And Services Collaborative Inc
Affordable Housing and Services Collaborative Inc is dedicated to developing and preserving affordable housing for low-income families, youth, elders, persons with disabilities, veterans, homeless individuals, and other special populations. The organization's mission extends beyond just providing housing, with a focus on enhancing and expanding the quality of life for residents through supportive services.
These services include wellness, educational, social, and supportive programs that directly benefit the targeted populations residing in affordable housing developments. The Collaborative goes above and beyond its mission by actively seeking opportunities to develop new affordable housing projects. This residential-based approach enables the organization to effectively deliver essential services and programs to those in need.
In essence, Affordable Housing and Services Collaborative Inc strives to create thriving communities by offering affordable housing and a comprehensive range of supportive services, empowering its residents to live fulfilling and self-sufficient lives.
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Impact
October, 2024
Affordable Housing and Services Collaborative Inc impacts the community by developing and preserving affordable housing options that are crucial for low-income households and individuals with special needs. Their initiatives not only provide access to safe and stable living environments but also integrate supportive services that enhance the quality of life for residents.
Through programs focused on wellness, education, social engagement, and various supportive services, the organization addresses the holistic needs of vulnerable populations, including low-income families, youth, people with disabilities, the elderly, veterans, and the homeless. These efforts foster a supportive community atmosphere, reduce social isolation, and empower residents to thrive.
By creating and sustaining affordable housing developments, the organization ensures that essential residential-based services are accessible. This commitment fundamentally bolsters the community's social fabric, ultimately leading to improved health outcomes, increased economic stability, and greater overall well-being for those they serve in Braintree, MA.
This information is meant to be a general summary of Affordable Housing And Services Collaborative 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: -$18,687
- Program Service Revenue: $15,620,042
- Gross Receipts: $21,678,364
Assets and Liabilities:
- Total Assets: $172,672,816
- Total Liabilities: $114,972,643
- Net Assets: $57,700,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,545,648
INCENTIVE MANAGEMENT F
Revenue
$72,719
DEVELOPMENT INCOME
Revenue
$1,675
Organization Details
Founding Year
2001
Phone
(781) 794-1000Principal Officer
Michael Mattos
Main Address
536 GRANITE STREET, BRAINTREE, MA, 02184
Website
www.ahscinc.orgNTEE Category
Code: L20 - Housing
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