Overview
What is New Garden Park Inc?
New Garden Park Inc is a charitable organization, headquartered in Worcester, Massachusetts, with a specific mission to alleviate the burden of government by combatting community deterioration and fostering economic development. They achieve this goal by providing essential infrastructure in distressed areas. The organization operates under the auspices of the Worcester Business Development Corporation (WBDC), utilizing various strategies such as acquiring, holding, owning, maintaining, improving, leasing, financing, refinancing, selling, exchanging, or disposing of properties. By doing so, New Garden Park Inc contributes to the revitalization of underdeveloped areas, ultimately benefiting the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
New Garden Park Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. With a total score of 94%, the organization excels particularly in the Accountability & Finance category, which indicates a high level of transparency and responsibility in its financial practices.
The organization showcases a commendable structure, with 85% of its board members being independent. It also maintains robust financial oversight, demonstrated through an audit and oversight committee, and a clear conflict of interest policy. These factors contribute to a high level of trust in its operations, as evidenced by the absence of any material diversion of assets.
While New Garden Park Inc scores exceptionally well in program expenses, allocating 99.53% of its budget directly to programs, it is important for potential donors to consider the broader impact and effectiveness of its programs. Overall, the organization appears to be a reliable nonprofit dedicated to fulfilling its mission with integrity and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is New Garden Park Inc legitimate?
New Garden Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Garden Park 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
What is the mission statement of New Garden Park Inc?
New Garden Park Inc, as part of its charitable purpose, aims to alleviate governmental burdens and combat community deterioration. They achieve this by facilitating economic development in distressed areas. This is done through the acquisition, maintenance, improvement, and disposal of properties, with the goal of providing necessary infrastructure. The organization's activities are designed to lessen the burden on government and enable growth in these areas, ultimately contributing to the betterment of the community.
Who is the CEO of New Garden Park Inc?
Craig L Blais is the President & of New Garden Park Inc.
What is the revenue of New Garden Park Inc?
New Garden Park Inc's revenue in 2022 was $1,415,061.
Who are the executives of New Garden Park Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Garden Park Inc?
New Garden Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Garden Park Inc
New Garden Park Inc, as a charitable entity, is dedicated to supporting the mission of the Worcester Business Development Corporation (WBDC). This mission is focused on alleviating government burdens and combating community deterioration by promoting economic development. The organization achieves this by providing essential infrastructure in distressed areas. This is done through various means such as acquiring, holding, owning, maintaining, improving, leasing, financing, refinancing, selling, exchanging, or disposing of properties, all or in part. In essence, New Garden Park Inc plays a crucial role in revitalizing neglected areas and fostering economic growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
New Garden Park Inc's impact is focused on combating community deterioration and enabling economic development in distressed areas. By providing infrastructure and engaging in property-related activities, the organization works to alleviate the burdens on government while supporting the charitable purpose of the Worcester Business Development Corporation. Through acquisition, maintenance, leasing, and other strategies, New Garden Park Inc plays a role in revitalizing communities and fostering growth in Worcester, MA.
This information is meant to be a general summary of New Garden Park 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: $977,233
- Gross Receipts: $1,735,714
Assets and Liabilities:
- Total Assets: $37,046,113
- Total Liabilities: $11,333,556
- Net Assets: $25,712,557
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2004
Phone
(508) 755-5734Principal Officer
Craig L Blais
Main Address
89 SHREWSBURY STREET, WORCESTER, MA, 01604
NTEE Category
Code: S99 - Community improvement
If you are a representative of New Garden Park Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.