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Unquity House Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043581983 ✦ Milton, MA ✦ Designated as a 501(c)(3)

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Overview

What is Unquity House Corporation?

Unquity House Corporation is a nonprofit organization situated in Milton, Massachusetts, at 30 Curtis Road. Their primary mission is to cater to the needs of seniors in the area, providing them with affordable housing and necessary services. Under a regulatory agreement with Metro Housing Boston and a Section 8 Project-Based Voucher program from the U.S. Department of Housing and Urban Development (HUD), Unquity House Corporation managed and maintained 140 independent living units during the year, ensuring the well-being and preserving the dignity of the seniors residing there.


Official website here: www.mreinc.org/unquity.html

What are the reviews and ratings of this charity?

Charity Navigator rating: 84% (Three-Star out of Four Stars)

Unquity House Corporation has received an 84% score from Charity Navigator, reflecting a solid performance in accountability and finance. The organization is noted for having a fully independent board and an excellent financial structure, with a low liabilities to assets ratio and a high program expense ratio, indicating that a large portion of its resources is dedicated to its programs.

However, the assessment also highlights some areas for improvement, particularly regarding governance policies. Unquity House Corporation is missing key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for enhancing transparency and accountability. Additionally, the organization has not posted its tax form on its website, which is a requirement of good practice for nonprofit organizations.

Despite these limitations, the overall financial health and governance structure demonstrate a commitment to fulfilling its mission effectively. Addressing the noted policy gaps could further strengthen Unquity House Corporation's standing and reassure stakeholders of its commitment to best practices in nonprofit governance.


This AI summary has been generated from information found on Charity Navigator.

Is Unquity House Corporation legitimate?

Unquity House Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unquity House 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


Official website here: www.mreinc.org/unquity.html

What is the mission statement of Unquity House Corporation?

Unquity House Corporation's mission is centered around addressing the needs of senior citizens. It strives to go beyond Milton, providing affordable housing and essential services to seniors, ensuring their well-being and preserving their dignity. The organization operates with sensitivity and care, operating 140 independent living units for very low and extremely low-income individuals and families under regulatory agreements and Section 8 project-based voucher programs. The corporation's primary goal is to enhance the quality of life for seniors, providing them with the necessary support and resources.


Official website here: www.mreinc.org/unquity.html

Who is the CEO of Unquity House Corporation?

W Paul Needham is the Trustee of Unquity House Corporation.


Official website here: www.mreinc.org/unquity.html

What is the revenue of Unquity House Corporation?

Unquity House Corporation's revenue in 2022 was $2,234,668.


Official website here: www.mreinc.org/unquity.html

Who are the executives of Unquity House Corporation and what are their salaries?

There 15 volunteers at Unquity House Corporation.


Here are 10 key members and their salaries:


John Looney Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Needham (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maritta Cronin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Brady (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ewald Charles (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Savage (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Geary (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Branch Lane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mreinc.org/unquity.html

Where can I find the form 990 for Unquity House Corporation?

Unquity House Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mreinc.org/unquity.html

Learn more at the official website: www.mreinc.org/unquity.html

Mission Statement of Unquity House Corporation

Unquity House Corporation, a nonprofit organization, is dedicated to meeting the needs of seniors, extending beyond Milton, by providing housing and essential services. With sensitivity and care, their mission is to ensure the well-being and preserve the dignity of elderly individuals. They operate affordable housing units for very low and extremely low-income persons and families, under a regulatory agreement with Metro Housing Boston and a Section 8 Project-Based Voucher program from HUD. During the year, Unquity House Corporation successfully provided and maintained 140 independent living units, demonstrating their commitment to providing a safe and secure living environment for the senior community.

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Impact




July, 2024

Unquity House Corporation's impact is evident through its dedication to meeting the needs of seniors in Milton and beyond by providing affordable housing and services. The organization operates 140 independent living units for very low and extremely low-income individuals and families, ensuring access to safe and stable housing. Through their regulatory agreements and programs, such as the Section 8 Project-Based Voucher Program from HUD, Unquity House Corporation plays a critical role in supporting the well-being and dignity of seniors in the community. Their commitment to human services reflects their mission to provide essential support to vulnerable populations, highlighting the significance of their work in creating a positive impact on the lives of those they serve.




This information is meant to be a general summary of Unquity House 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.

Revenue
$2,234,668 (2022)
Expenses
$1,955,759 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29,248
  • Program Service Revenue: $2,203,490
  • Gross Receipts: $2,234,668

Assets and Liabilities:

  • Total Assets: $7,465,981
  • Total Liabilities: $304,367
  • Net Assets: $7,161,614

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$2,182,454

MISCELLANEOUS INCOME

Revenue

$10,843

LAUNDRY INCOME

Revenue

$10,193

Organization Details

Founding Year

2001

Principal Officer

W Paul Needham

Main Address

30 CURTIS ROAD, MILTON, MA, 02186

NTEE Category

Code: P75 - Human services

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