Overview
What is Roxbury Development Corporation?
Roxbury Development Corporation is a nonprofit organization situated in Roxbury, Massachusetts. Their primary mission is to enhance the living conditions of low to moderate income residents in the greater Boston area, contributing to neighborhood improvement. The corporation provides affordable housing to 26 residential tenants, ensuring a stable living environment. Moreover, they lease five commercial units to four local businesses, fostering community growth and service provision. By offering housing and business opportunities, Roxbury Development Corporation aims to positively impact the lives of its residents and contribute to the overall well-being of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Roxbury Development Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The overall score is based entirely on Accountability & Finance, showcasing the organization's strong governance practices and financial transparency. With a perfect program expense ratio of 100%, the organization demonstrates a clear commitment to directing its resources towards its mission.
The organization benefits from a strong independent board, with 75% of its members being independent, which enhances its credibility and accountability. Additionally, the charity has robust policies in place, including a conflict of interest policy and a whistleblower policy, both of which have been evaluated positively. These practices contribute to a transparent operational environment that stakeholders can trust.
While the organization excels in financial management, potential donors and supporters can feel confident in its responsible stewardship of resources. The lack of noted limitations in the data reinforces the perception of Roxbury Development Corporation as a well-managed nonprofit dedicated to its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Roxbury Development Corporation legitimate?
Roxbury Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Roxbury Development 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: $0
For more financial information, click here
What is the mission statement of Roxbury Development Corporation?
The Roxbury Development Corporation's mission is centered around serving low and moderate-income individuals by improving their housing conditions and expanding the opportunities for them to own, manage, and operate businesses. This organization aims to enhance the living standards of these individuals in their community. The corporation provides affordable housing to 26 residential tenants and offers five commercial units, which are rented to local small businesses that serve the community. In essence, the Roxbury Development Corporation is dedicated to uplifting the living conditions and economic prospects of its low and moderate-income residents.
Who is the CEO of Roxbury Development Corporation?
N Paul Tonthat is the President of Roxbury Development Corporation.
What is the revenue of Roxbury Development Corporation?
Roxbury Development Corporation's revenue in 2021 was $725,635.
Who are the executives of Roxbury Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Roxbury Development Corporation?
Roxbury Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Roxbury Development Corporation
Roxbury Development Corporation, a nonprofit organization, is dedicated to enhancing the living conditions and expanding opportunities for low to moderate income individuals residing in greater Boston's neighborhoods. Their mission is twofold: firstly, they strive to improve housing conditions for this demographic, and secondly, they aim to provide resources and support that enable individuals and groups to own, manage, and operate business enterprises within their community.
In pursuit of this mission, Roxbury Development Corporation provides affordable housing to 26 residential tenants. This commitment to housing extends beyond the residential sector, as they also offer five commercial units for lease. These commercial spaces are leased to four local businesses, which contribute to the community by providing essential services. By catering to the housing and commercial needs of the local population, Roxbury Development Corporation plays a significant role in fostering a thriving and inclusive community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Roxbury Development Corporation's impact is significant in the Greater Boston area, particularly in Roxbury. By providing low-income housing to residential tenants and offering commercial units to local businesses, they are actively contributing to the improvement of housing conditions in low to moderate-income areas. This directly benefits the community by increasing opportunities for individuals and groups to own, manage, and operate businesses, thereby fostering economic development and empowerment. Additionally, their focus on neighborhood improvement underscores their commitment to enhancing the quality of life for residents in the area.
This information is meant to be a general summary of Roxbury Development 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 2021.
- Investment Income: $188
- Program Service Revenue: $501,423
- Gross Receipts: $725,635
Assets and Liabilities:
- Total Assets: $2,622,822
- Total Liabilities: $1,985,504
- Net Assets: $637,318
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$501,423
Organization Details
Founding Year
2001
Phone
(617) 427-3599Principal Officer
N Paul Tonthat
Main Address
PO BOX 190939, ROXBURY, MA, 02119
NTEE Category
Code: L21 - Housing
If you are a representative of Roxbury Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.