Overview
What is Nashua Street Corporation?
The Nashua Street Corporation, located in Providence, Rhode Island, is a nonprofit organization dedicated to providing low-income housing facilities for individuals struggling with chronic mental illness. Their mission is twofold: to create housing solutions that cater to the physical, social, and psychological needs of the residents, and to support the Providence Center, Inc. in their endeavors. This nonprofit organization strives to provide a safe and supportive environment for its residents, managing 11 such units as per the information available.
Official website here: www.theprovidencecenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
Nashua Street Corporation has achieved an 87% overall score, which translates to a Three-Star rating from Charity Navigator. This score reflects a strong emphasis on accountability and finance, indicating that the organization is well-managed and adheres to financial best practices.
The organization excels in several key areas, including having a majority of independent board members and maintaining a complete set of policies regarding conflicts of interest and whistleblower protections. Additionally, it has demonstrated responsible management of assets, with a low liabilities-to-assets ratio and full allocation of expenses toward programs.
While the score is commendable, the focus on accountability and finance leaves limited insight into other operational aspects, such as program effectiveness or impact. Nonetheless, the strong financial practices underscore a commitment to transparency and responsible governance.
This AI summary has been generated from information found on Charity Navigator.
Is Nashua Street Corporation legitimate?
Nashua Street Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nashua Street 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.theprovidencecenter.org
What is the mission statement of Nashua Street Corporation?
The Nashua Street Corporation's mission is focused on providing low-income housing facilities for individuals suffering from chronic mental illness. This mission aligns with the Providence Center, Inc., with the aim to create housing that caters to the physical, social, and psychological needs of the occupants. The organization, recognized as a tax-exempt affiliate under Section 501(c)(3) of the Internal Revenue Code, manages eleven units of low-income housing specifically for these individuals, ensuring their wellbeing and support.
Official website here: www.theprovidencecenter.org
Who is the CEO of Nashua Street Corporation?
Mary Marran is the President/Coo-Trustee of Nashua Street Corporation.
Official website here: www.theprovidencecenter.org
What is the revenue of Nashua Street Corporation?
Nashua Street Corporation's revenue in 2022 was $157,302.
Official website here: www.theprovidencecenter.org
Who are the executives of Nashua Street Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $404,175
- Other: $39,640
- Compensation: $0
- Related: $224,989
- Other: $17,400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theprovidencecenter.org
Where can I find the form 990 for Nashua Street Corporation?
Nashua Street Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theprovidencecenter.org
Learn more at the official website: www.theprovidencecenter.org
Mission Statement of Nashua Street Corporation
Nashua Street Corporation, a tax-exempt organization under Internal Revenue Code Section 501(c)(3), is dedicated to providing low-income housing facilities for individuals suffering from chronic mental illness. The corporation, in conjunction with The Providence Center, Inc., aims to create housing facilities that cater to the physical, social, and psychological needs of its residents.
The mission of Nashua Street Corporation is multifaceted. Primarily, it focuses on offering housing solutions for individuals with chronic mental illness, ensuring they have a safe and supportive environment. Beyond housing, the corporation also strives to meet the broader needs of its residents, managing 11 units of low-income housing specifically designed for this purpose.
In essence, Nashua Street Corporation serves as a beacon of hope for those struggling with mental illness, offering them a place to call home and a community to support their recovery journey. By providing low-income housing facilities that cater to the unique needs of its residents, the corporation is playing a vital role in fostering a healthier and more inclusive society.
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Impact
June, 2024
Nashua Street Corporation's impact lies in providing essential low-income housing facilities to individuals with chronic mental illness. By managing 11 units specifically designed to meet occupants' physical, social, and psychological needs, the corporation plays a key role in supporting vulnerable individuals in the community. This initiative not only addresses the acute need for affordable housing but also contributes to the overall well-being and stability of those living with chronic mental illness. Through its partnership with The Providence Center, Inc., Nashua Street Corporation is able to amplify its impact and help create a supportive environment for those in need.
This information is meant to be a general summary of Nashua Street 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 2022.
- Investment Income: $285
- Program Service Revenue: $157,017
- Gross Receipts: $157,302
Assets and Liabilities:
- Total Assets: $863,111
- Total Liabilities: $143,118
- Net Assets: $719,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$132,052
OTHER PROGRAM RELATED REVENUE
Revenue
$24,965
Organization Details
Founding Year
2000
Phone
(401) 921-7602Principal Officer
Mary Marran
Main Address
4 RICHMOND SQUARE 4TH FLOOR, PROVIDENCE, RI, 02906
Website
www.theprovidencecenter.orgNTEE Category
Code: F33 - Mental health
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