Overview
What is Boston Community Cooperatives?
Boston Community Cooperatives is a nonprofit organization dedicated to fostering community connections through cooperative living, education, neighborhood enhancement, and collective action. Their unique model involves members sharing ownership and decision-making rights in democratically governed, affordable housing. By embracing this group-equity approach, individuals not only secure affordable living spaces but also gain access to educational services. Throughout the year, Boston Community Cooperatives reduced its focus on cooperative housing operations, signaling a possible shift in priorities within the organization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 66%)
Boston Community Cooperatives has received a Two-Star rating from Charity Navigator, indicating that there are areas for improvement in its accountability and financial management. While the organization has a majority independent board and demonstrates strong financial ratios, several compliance and governance issues have been noted that may affect stakeholder confidence.
Strengths include a perfect score for the liabilities to assets ratio and program expense ratio, suggesting that the organization effectively utilizes its resources for its programs. Additionally, the material diversion of assets is well managed, reflecting responsible oversight of organizational assets. However, the lack of an independent board and a comprehensive set of governance policies raises concerns about its operational transparency.
Limitations include a low score in key governance areas, such as absence of a conflict of interest policy and whistleblower policy, which are critical for safeguarding against potential misconduct. Furthermore, the nonprofit did not post its tax form on its website, which can hinder transparency efforts. These shortcomings highlight the need for the organization to enhance its governance practices to build trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Community Cooperatives legitimate?
Boston Community Cooperatives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Community Cooperatives submitted a form 990EZ, 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.
What is the mission statement of Boston Community Cooperatives?
Boston Community Cooperatives' mission is centered around fostering community through cooperative living, member education, neighborhood enhancement, and collective action. The organization encourages its members to engage in a communal ownership model, offering them affordable housing and educational services. As part of its mission, Boston Community Cooperatives promotes democratic living and works towards improving the local community. Notably, during the year, the cooperative scaled back its cooperative housing operations.
Who is the CEO of Boston Community Cooperatives?
Unavailable
What is the revenue of Boston Community Cooperatives?
Boston Community Cooperatives's revenue in 2022 was $72.
Who are the executives of Boston Community Cooperatives and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Boston Community Cooperatives?
Boston Community Cooperatives's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Boston Community Cooperatives
Boston Community Cooperatives, as an organization, strives to foster community unity through cooperative living, education, neighborhood enhancement, and collective action. Their mission is accomplished by implementing a group-equity model of democratically owned housing, where members share in the ownership and management of their living spaces. By doing so, Boston Community Cooperatives provides its members with an affordable living solution and educational services. During the year, the organization scaled back its cooperative housing operations, continuing to uphold its dedication to community building and member empowerment.
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Impact
October, 2024
Boston Community Cooperatives has a significant impact on the local community by fostering a sense of belonging and cooperation among its members. Through its group-equity model, it promotes affordable, democratical housing that empowers residents to engage collectively in decision-making processes. This model not only supports the financial stability of its members but also cultivates a culture of mutual aid and shared responsibility.
In addition to providing cooperative living arrangements, Boston Community Cooperatives emphasizes member education, enabling individuals to gain valuable skills and knowledge that enhance their personal and community development. The focus on neighborhood improvement initiatives further strengthens local ties and contributes to a more vibrant and cohesive community.
Despite a recent deescalation in its cooperative housing operations, the organization's commitment to cooperative living and collective action continues to foster a supportive environment, making it a cornerstone of the community in Melrose, MA.
This information is meant to be a general summary of Boston Community Cooperatives. 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.
- Gross Receipts: $72
Assets and Liabilities:
- Total Assets: $6,727
- Total Liabilities: $0
- Net Assets: $6,727
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Organization Details
Phone
(781) 325-6259Main Address
12 MOUNT VERNON ST 16, MELROSE, MA, 02176
NTEE Category
Code: L20 - Housing
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