Overview
What is Quebec Square Housing Inc?
Quebec Square Housing Inc, situated in Brooklyn, Connecticut, is a nonprofit organization that prioritizes providing affordable housing for individuals with low income. Adhering to section 221(d)(3) of the national act, Quebec Square Housing plays a crucial role in addressing housing needs within the community. Their mission is to ensure that affordable housing is accessible, thereby contributing positively to the local living standards.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Quebec Square Housing Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 94% in its Accountability & Finance metrics, which indicates a solid operational framework and responsible management of resources. This high score is attributed to its entirely independent board, comprehensive financial oversight, and effective policies related to conflict of interest and whistleblowing.
The organization demonstrates exemplary practices with 100% of its board members being independent and maintaining a well-structured Audit and Oversight Committee. Furthermore, it has no reported issues related to asset diversion, showcasing a commitment to ethical practices. The organization's financial ratios, such as liabilities to assets at 6.24% and a program expense ratio of 100%, underline its focus on mission-driven expenditures rather than administrative costs.
While the data highlights many strengths, potential donors may want to consider the overall impact and specific programs of Quebec Square Housing Inc, as these aspects are not reflected in the financial metrics. Nonetheless, the organization’s strong governance and accountability are solid indicators of its reliability and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Quebec Square Housing Inc legitimate?
Quebec Square Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quebec Square Housing 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: $159,322
For more financial information, click here
What is the mission statement of Quebec Square Housing Inc?
Quebec Square Housing Inc., as part of its mission, focuses on providing low-income housing under the provisions of section 221(d)(3) of the national act. The organization's primary objective is to make affordable housing available to its residents. Located in an unspecified location, Quebec Square Housing Inc. is committed to this mission in Brooklyn, Connecticut.
Who is the CEO of Quebec Square Housing Inc?
Bruce Parsons is the President of Quebec Square Housing Inc.
What is the revenue of Quebec Square Housing Inc?
Quebec Square Housing Inc's revenue in 2023 was $741,733.
Who are the executives of Quebec Square Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Quebec Square Housing Inc?
Quebec Square Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Quebec Square Housing Inc
Quebec Square Housing Inc, as a nonprofit organization, is dedicated to providing low-income housing. Operating under section 221(d)(3) of the national act, Quebec Square Housing's mission is to make affordable housing accessible. Their objective is to serve the community by offering housing solutions to individuals with limited financial resources. By providing affordable housing, Quebec Square Housing contributes to the overall well-being of its residents, enabling them to focus on other essential aspects of their lives.
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Impact
July, 2024
Quebec Square Housing Inc's impact lies in its provision of low-income housing under section 221(d)(3) of the national act in Brooklyn, Connecticut. By offering affordable housing options, Quebec Square Housing contributes to addressing the ongoing issue of housing affordability and accessibility for individuals in need within the community. Through its mission-focused work, the organization plays a vital role in supporting vulnerable populations and ensuring that residents have a safe and stable place to call home.
This information is meant to be a general summary of Quebec Square Housing 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: $1,560
- Program Service Revenue: $740,173
- Gross Receipts: $741,733
Assets and Liabilities:
- Total Assets: $1,812,000
- Total Liabilities: $97,433
- Net Assets: $1,714,567
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$740,173
Organization Details
Founding Year
1976
Phone
(860) 779-3339Principal Officer
Bruce Parsons
Main Address
87 QUEBEC SQUARE, BROOKLYN, CT, 06234
NTEE Category
Code: L200 - Housing
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