Overview
What is Boucher Apartments Inc?
Boucher Apartments Inc, located in Woonsocket, Rhode Island, is a nonprofit organization dedicated to providing housing for individuals with low and moderate income, specifically those who are mentally ill and elderly. Operating under Sections 202 and 8 of the National Housing Act, this organization offers 74 units spread across multiple buildings, ensuring affordable and accessible living spaces for its residents. The mission of Boucher Apartments Inc is to make a positive impact on the community by offering suitable housing solutions for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Boucher Apartments Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance particularly in accountability and financial transparency. The overall score reflects a strong commitment to ethical governance, with 100% of board members being independent and a comprehensive set of policies in place for conflict of interest, whistleblower protection, and document retention.
The organization showcases a commendable program expense ratio of 100%, signifying that all expenditures are directed towards programmatic efforts. This focus on program efficiency suggests that Boucher Apartments Inc is effectively utilizing its resources to fulfill its mission. The presence of an audit and oversight committee further enhances its accountability.
While the charity demonstrates strong governance and financial practices, the rating is solely based on the accountability and finance score, which leaves out potential insights into programmatic impact or effectiveness. Thus, while the financial health is commendable, further information regarding the charity's specific programs and outcomes would provide a more comprehensive picture of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Boucher Apartments Inc legitimate?
Boucher Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boucher Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Boucher Apartments Inc?
Boucher Apartments Inc is committed to providing housing for individuals with low and moderate income, specifically those who are elderly or have disabilities. This is carried out under Sections 202 and 8 of the National Housing Act. The organization operates 74 apartment units spread across multiple buildings, offering a home for mentally ill individuals who fall under the same income category. The mission of Boucher Apartments Inc is centered around providing a living space that caters to the unique needs of its residents, ensuring they have a safe and supportive environment.
Who is the CEO of Boucher Apartments Inc?
Benedict Lessing is the President of Boucher Apartments Inc.
What is the revenue of Boucher Apartments Inc?
Boucher Apartments Inc's revenue in 2023 was $1,161,362.
Who are the executives of Boucher Apartments Inc and what are their salaries?
There 8 volunteers at Boucher Apartments Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Boucher Apartments Inc?
Boucher Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Boucher Apartments Inc
Boucher Apartments Inc is committed to providing housing solutions for individuals with low and moderate incomes, specifically focusing on the elderly and disabled population. In line with this, the organization operates under Sections 8 and 202 of the National Housing Act. This act enables Boucher Apartments Inc to provide a 74-unit apartment complex, spread across multiple buildings, designed to cater to mentally ill individuals who fall under this income bracket. The mission of Boucher Apartments Inc is to create a living environment that is both safe and supportive, providing these individuals with the necessary resources to lead fulfilling lives.
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Impact
July, 2024
Boucher Apartments Inc provides essential low-income housing for disabled and elderly individuals under Sections 202 and 8 of the National Housing Act. With a mission to offer housing solutions for low and moderate-income individuals, particularly those who are mentally ill, this organization plays a crucial role in addressing the housing needs of vulnerable populations. By operating a 74-unit apartment complex in Woonsocket, Rhode Island, Boucher Apartments Inc significantly impacts the lives of those in need by providing them with safe and affordable housing options.
This information is meant to be a general summary of Boucher Apartments 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 2023.
- Investment Income: $504
- Program Service Revenue: $1,153,861
- Gross Receipts: $1,161,362
Assets and Liabilities:
- Total Assets: $1,660,778
- Total Liabilities: $3,679,943
- Net Assets: -$2,019,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$1,115,616
RESIDENT SERVICE GRANT
Revenue
$38,245
Organization Details
Founding Year
1990
Phone
(401) 235-7000Principal Officer
Benedict Lessing
Main Address
PO BOX 1700, WOONSOCKET, RI, 02895
NTEE Category
Code: L21 - Housing
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