Overview
What is Waterfront Historic Area League Of New Bedford Inc?
Waterfront Historic Area League of New Bedford Inc, established 57 years ago, functions as a Community Development Corporation. Their primary focus lies in restoring historic buildings for affordable, workforce, and market-rate housing projects, as well as mixed-use and creative economy development. With over 55 completed projects in New Bedford, they demonstrate a long-standing commitment to the city's architectural heritage. Apart from acting as an owner/developer, WHALE also collaborates with other developers and non-profits, offering real estate consulting services. Their mission is to preserve the city's historical structures, fostering community and economic growth in New Bedford. With a team of 5 employees, WHALE continues to contribute to the city's vitality and development.
Official website here: www.waterfrontleague.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
The Waterfront Historic Area League Of New Bedford Inc has achieved an impressive 95% rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is primarily based on a thorough evaluation of their financial practices, with the organization demonstrating a commitment to transparency and good governance.
The league boasts a fully independent board with 17 members, affirming its dedication to having a diverse and unbiased decision-making body. Key strengths include a high program expense ratio of 88.17%, meaning that the majority of its funds are directed towards its mission-related activities, alongside effective financial oversight and the absence of material asset diversions.
While the organization excels in many areas, its liabilities to assets ratio is slightly below the ideal, sitting at 51.55%. However, this minor concern does not detract significantly from its overall positive standing, as the league maintains healthy financial practices and a solid commitment to its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Waterfront Historic Area League Of New Bedford Inc legitimate?
Waterfront Historic Area League Of New Bedford Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterfront Historic Area League Of New Bedford 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: $96,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,852
For more financial information, click here
Official website here: www.waterfrontleague.org/
What is the mission statement of Waterfront Historic Area League Of New Bedford Inc?
The Waterfront Historic Area League of New Bedford, often referred to as WHALE, is committed to promoting historic preservation and ensuring the ongoing utilization of the city's architectural heritage. This mission aims to enhance both the community and economic vitality within the city. As a 57-year-old Community Development Corporation, WHALE specializes in restoring historic properties for affordable, workforce, and market-rate housing, as well as mixed-use and creative economy development projects. Over the years, the organization has completed over 55 projects in New Bedford, acting not only as an owner/developer but also as a consultant or partner for other developers and non-profits.
Official website here: www.waterfrontleague.org/
Who is the CEO of Waterfront Historic Area League Of New Bedford Inc?
Diana Henry is the President of Waterfront Historic Area League Of New Bedford Inc.
Official website here: www.waterfrontleague.org/
What is the revenue of Waterfront Historic Area League Of New Bedford Inc?
Waterfront Historic Area League Of New Bedford Inc's revenue in 2022 was $1,103,377.
Official website here: www.waterfrontleague.org/
Who are the executives of Waterfront Historic Area League Of New Bedford Inc and what are their salaries?
The average compensation at Waterfront Historic Area League Of New Bedford Inc during 2022 was $43,748. There are 5 employees and 25 volunteers at Waterfront Historic Area League Of New Bedford Inc.
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Official website here: www.waterfrontleague.org/
Where can I find the form 990 for Waterfront Historic Area League Of New Bedford Inc?
Waterfront Historic Area League Of New Bedford Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waterfrontleague.org/
Learn more at the official website: www.waterfrontleague.org/
Mission Statement of Waterfront Historic Area League Of New Bedford Inc
The Waterfront Historic Area League of New Bedford, often referred to as WHALE, has a mission that revolves around fostering historic preservation and promoting the continued use of a city's architectural heritage. This nonprofit organization aims to enhance both community and economic vitality by doing so. By embracing its role as a Community Development Corporation for over half a century, WHALE has specialized in restoring historic properties, focusing on affordable, workforce, and market-rate housing, as well as mixed-use and creative economy development. With over 55 completed projects under its belt in the city of New Bedford, WHALE not only acts as an owner/developer but also collaborates with developers and other non-profits, offering its expertise as consultants or partners in real estate services.
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Impact
July, 2024
The Waterfront Historic Area League Of New Bedford Inc's impact can be seen in its significant contributions to historic preservation and community revitalization in New Bedford. With a focus on restoring the city's architectural heritage, WHALE has played a crucial role in enhancing both the community and economic vitality of New Bedford. Over its 57-year history, WHALE has successfully completed over 55 projects in the city, encompassing affordable housing, workforce housing, market-rate housing, mixed-use developments, and creative economy initiatives. By serving as owner/developer and working in partnership with other developers and non-profits, WHALE has been instrumental in driving preservation efforts and fostering sustainable development in New Bedford.
This information is meant to be a general summary of Waterfront Historic Area League Of New Bedford 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: $368
- Program Service Revenue: $10,667
- Gross Receipts: $1,178,610
Assets and Liabilities:
- Total Assets: $2,545,477
- Total Liabilities: $1,312,399
- Net Assets: $1,233,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Historical preservation
Revenue
$10,667
Organization Details
Founding Year
1962
Principal Officer
Diana Henry
Main Address
15 Johnny Cake Hill 2nd Floor, New Bedford, MA, 02740
Website
www.waterfrontleague.org/NTEE Category
Code: N32I - Recreation
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