Overview
What is Walsh Park Benevolent Corporation?
Walsh Park Benevolent Corporation is a nonprofit organization situated on Fishers Island. Its primary objective is to provide affordable housing to a substantial number of residents in the area. Beyond this, the corporation engages in charitable activities, leveraging the income generated from the rental of these affordable homes to fulfill its mission.
Official website here: www.walshpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Walsh Park Benevolent Corporation has received a two-star rating from Charity Navigator, indicating areas that need attention. While the organization scores well in aspects such as majority independent board members and maintaining a low liabilities to assets ratio, it faces significant challenges in financial transparency, as evidenced by its score of zero in financial statements and a lack of posted tax forms on its website.
The organization demonstrates strong accountability through its conflict of interest policy and proper documentation of board meeting minutes, but weaknesses in whistleblower policies and document retention practices raise concerns about governance and operational integrity. The program expense ratio is commendable, showing a commitment to its mission-related activities, yet the overall financial management requires improvement to build trust and ensure sustainability.
Stakeholders should consider these ratings and feedback when evaluating the organization. While there are solid practices in place, the highlighted financial reporting issues could impact donor confidence and the organization's long-term effectiveness. Addressing these gaps could enhance its overall standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Walsh Park Benevolent Corporation legitimate?
Walsh Park Benevolent Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walsh Park Benevolent 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: $50,300
For more financial information, click here
Official website here: www.walshpark.org
What is the mission statement of Walsh Park Benevolent Corporation?
Walsh Park Benevolent Corporation's mission revolves around providing affordable housing to a significant number of individuals, serving as a source of rental income. Additionally, the corporation is committed to pursuing charitable objectives through its programs, with the primary focus remaining on the provision of affordable housing. This mission strategy allows the corporation to contribute positively to the livelihoods of its residents while also generating income.
Official website here: www.walshpark.org
Who is the CEO of Walsh Park Benevolent Corporation?
Andrew Burr is the Director of Walsh Park Benevolent Corporation.
Official website here: www.walshpark.org
What is the revenue of Walsh Park Benevolent Corporation?
Walsh Park Benevolent Corporation's revenue in 2022 was $558,688.
Official website here: www.walshpark.org
Who are the executives of Walsh Park Benevolent Corporation and what are their salaries?
The average compensation at Walsh Park Benevolent Corporation during 2022 was $50,300. There is 1 employee at Walsh Park Benevolent Corporation.
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Official website here: www.walshpark.org
Where can I find the form 990 for Walsh Park Benevolent Corporation?
Walsh Park Benevolent Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.walshpark.org
Learn more at the official website: www.walshpark.org
Mission Statement of Walsh Park Benevolent Corporation
Walsh Park Benevolent Corporation, a nonprofit organization, is committed to providing affordable housing for a multitude of residents. Beyond this, the corporation also pursues charitable objectives through various programs. At its core, the mission of Walsh Park Benevolent Corporation revolves around generating income through the provision of affordable housing, thereby contributing to the well-being of its residents.
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Impact
July, 2024
Walsh Park Benevolent Corporation directly impacts the community of Fishers Island by providing affordable housing to numerous residents. Through their rental income generated from affordable housing units, they are able to support individuals and families in need of quality, affordable housing options. This impact not only addresses a crucial need in the community but also contributes to the overall well-being and stability of Fishers Island residents. Their commitment to charitable purposes further enhances their impact, making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Walsh Park Benevolent 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: $21,354
- Gross Receipts: $558,688
Assets and Liabilities:
- Total Assets: $8,955,602
- Total Liabilities: $35,024
- Net Assets: $8,920,578
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Organization Details
Founding Year
1980
Phone
(201) 760-1834Principal Officer
Andrew Burr
Main Address
C/O MATTHEW EDWARDS BOX 684, FISHERS ISLAND, NY, 06390
Website
www.walshpark.orgNTEE Category
Code: L22 - Housing
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