Overview
What is Tuscan Brotherhood Homes Ii?
Tuscan Brotherhood Homes II is a nonprofit organization situated in Hartford, Connecticut, specifically at 49 Montville Street. Their primary focus is to provide housing facilities and services tailored to meet the unique needs of elderly individuals and those with disabilities. The organization utilizes resources from the U.S. Department of Housing and Urban Development (HUD) to offer affordable housing options for low-income elderly individuals. Their mission is to enhance the quality of life for these individuals, promoting their health, security, happiness, and overall well-being in their later years. Tuscan Brotherhood Homes II employs a team of 11 dedicated individuals to carry out their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (67%)
Tuscan Brotherhood Homes II has received a Two-Star out of Four Star rating from Charity Navigator, primarily due to its performance in the Accountability & Finance category. The organization demonstrates strong governance with a fully independent board and a solid program expense ratio of 89.90%, indicating that the majority of its expenditures are directed towards programs rather than overhead.
However, the charity faces significant challenges, particularly concerning its financial stability, as reflected in a high liabilities to assets ratio of 143.50%. This raises concerns about the organization's ability to meet its financial obligations in the long term. Despite the positive aspects of its governance and program spending, these financial indicators suggest areas where improvement is necessary for sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Tuscan Brotherhood Homes Ii legitimate?
Tuscan Brotherhood Homes Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tuscan Brotherhood Homes Ii 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: $238,508
For more financial information, click here
What is the mission statement of Tuscan Brotherhood Homes Ii?
Tuscan Brotherhood Homes II is committed to providing affordable housing for low-income elderly individuals. Utilizing resources from the HUD, they offer housing facilities and services specifically designed to cater to the physical, social, and psychological needs of elderly residents, promoting their health, security, happiness, and usefulness in longer living. The organization strives to enhance the well-being of elderly persons and those with disabilities, ensuring they lead fulfilling lives in a supportive environment.
Who is the CEO of Tuscan Brotherhood Homes Ii?
Joseph Jennings is the Director of Tuscan Brotherhood Homes Ii.
What is the revenue of Tuscan Brotherhood Homes Ii?
Tuscan Brotherhood Homes Ii's revenue in 2022 was $1,685,176.
Who are the executives of Tuscan Brotherhood Homes Ii and what are their salaries?
The average compensation at Tuscan Brotherhood Homes Ii during 2022 was $21,683. There are 11 employees and 5 volunteers at Tuscan Brotherhood Homes Ii.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tuscan Brotherhood Homes Ii?
Tuscan Brotherhood Homes Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tuscan Brotherhood Homes Ii
Tuscan Brotherhood Homes II is committed to providing affordable housing solutions for low-income elderly individuals. Their mission is to go beyond offering just living spaces; they aim to create housing facilities and services that cater specifically to the physical, social, and psychological needs of elderly persons, including those with disabilities. By doing so, Tuscan Brotherhood Homes II strives to promote their residents' health, security, happiness, and overall usefulness in longer living. Essentially, this nonprofit organization seeks to enhance the quality of life for its elderly residents, ensuring they can age gracefully and securely.
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Impact
July, 2024
Tuscan Brotherhood Homes II's impact lies in its mission to provide affordable housing to low-income elderly individuals in Hartford, CT. By utilizing HUD resources, this organization offers housing facilities and services specially designed to meet the physical, social, and psychological needs of elderly and handicapped individuals. Through its efforts, Tuscan Brotherhood Homes II promotes the health, security, happiness, and usefulness of its residents, enabling them to enjoy longer and more fulfilling lives.
This information is meant to be a general summary of Tuscan Brotherhood Homes Ii. 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: $21,639
- Program Service Revenue: $620,004
- Gross Receipts: $1,717,922
Assets and Liabilities:
- Total Assets: $2,742,819
- Total Liabilities: $3,936,124
- Net Assets: -$1,193,305
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$620,004
Organization Details
Founding Year
1984
Phone
(860) 527-0659Principal Officer
Joseph Jennings
Main Address
49 MONTVILLE ST, HARTFORD, CT, 06120
NTEE Category
Code: L200 - Housing
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