Overview
What is Gloucester Housing Inc?
Gloucester Housing Inc is a nonprofit organization situated in Danvers, Massachusetts. Their primary role involves managing a residential property in Gloucester, which was constructed with funding from the HUD. This property serves as a home for four low-income, handicapped individuals, who receive support through programs run by Northeast Arc, Inc., an affiliated 501(c)(3) nonprofit organization. The purpose of Gloucester Housing Inc is to hold this real estate property for the benefit of its associated nonprofit organization.
Official website here: www.ne-arc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Gloucester Housing Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. The high score reflects the organization's commitment to financial integrity and transparency, with a perfect score for the independent board composition and absence of material asset diversion.
The charity demonstrates excellent fiscal responsibility, evidenced by a program expense ratio of 92.26%, meaning that a significant portion of funds is directed towards its programs rather than administrative costs. The organization has robust policies in place, including a conflict of interest policy and a whistleblower policy, which are essential for maintaining ethical standards and accountability.
While the rating is exceptionally positive, it is important to note that the score is based entirely on financial metrics. Potential donors and stakeholders may want to consider additional factors such as the organization's program outcomes and community impact to gain a comprehensive view of its effectiveness. Overall, Gloucester Housing Inc appears to be a well-managed nonprofit focused on housing solutions.
This AI summary has been generated from information found on Charity Navigator.
Is Gloucester Housing Inc legitimate?
Gloucester Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester 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: $0
For more financial information, click here
Official website here: www.ne-arc.org
What is the mission statement of Gloucester Housing Inc?
Gloucester Housing Inc serves as a real estate holder for its affiliated 501(C)(3) organization, Northeast Arc. Its primary objective is to provide suitable housing for individuals who require additional support, specifically those with disabilities. The company owns a residential home in Gloucester, Massachusetts, which was built with HUD funding. This property is currently inhabited by four low-income, handicapped individuals who receive services through programs operated by Northeast Arc, Inc. By providing this housing, Gloucester Housing Inc contributes to the mission of its affiliated organization, aiming to support and empower individuals with disabilities.
Official website here: www.ne-arc.org
Who is the CEO of Gloucester Housing Inc?
Jo Ann Simons is the President/Director of Gloucester Housing Inc. The CEO's salary of Gloucester Housing Inc is $0 and their total compensation is $454,609.
Official website here: www.ne-arc.org
What is the revenue of Gloucester Housing Inc?
Gloucester Housing Inc's revenue in 2022 was $47,062.
Official website here: www.ne-arc.org
Who are the executives of Gloucester Housing Inc and what are their salaries?
There 3 volunteers at Gloucester Housing Inc.
Here are 4 key members and their salaries (Gloucester Housing Inc's CEO's salary is $0 and their total compensation is $454,609):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $327,762
- Other: $126,847
Official website here: www.ne-arc.org
Where can I find the form 990 for Gloucester Housing Inc?
Gloucester Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ne-arc.org
Learn more at the official website: www.ne-arc.org
Mission Statement of Gloucester Housing Inc
Gloucester Housing Inc, as a committed organization, is dedicated to serving a higher purpose. Its primary mission involves holding real estate on behalf of its affiliated 501(C)(3) entity, Northeast Arc. This real estate role is a crucial aspect of Gloucester Housing Inc's operations, as it provides a residential home to four low-income, handicapped individuals. This home, funded by the HUD, offers more than just a place to live; it serves as a hub for these individuals, who receive support through programs operated by Northeast Arc, another non-profit organization. By managing this property, Gloucester Housing Inc plays an integral role in contributing to the well-being of its residents, leveraging its real estate holdings to support a worthy cause.
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Impact
August, 2024
Gloucester Housing Inc's impact lies in providing stable and affordable housing for low-income, handicapped individuals in Gloucester, MA. By owning a residential home built with HUD funding, Gloucester Housing Inc. creates a safe and supportive environment for four individuals who receive essential services through programs operated by Northeast Arc, Inc. This initiative not only addresses the critical need for affordable housing but also ensures that individuals with disabilities have access to the necessary support to lead fulfilling lives. In doing so, Gloucester Housing Inc. plays a vital role in promoting inclusivity and enhancing the quality of life for vulnerable populations in the community.
This information is meant to be a general summary of Gloucester 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 2022.
- Investment Income: $5
- Program Service Revenue: $47,057
- Gross Receipts: $47,062
Assets and Liabilities:
- Total Assets: $591,900
- Total Liabilities: $266,909
- Net Assets: $324,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$47,057
Organization Details
Founding Year
2008
Phone
(978) 762-4878Principal Officer
Jo Ann Simons
Main Address
1 SOUTHSIDE ROAD, DANVERS, MA, 01923
Website
www.ne-arc.orgNTEE Category
Code: L20 - Housing
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