Overview
What is Forty West Street Corporation?
Forty West Street Corporation is a nonprofit organization located in Southbridge, Massachusetts, with the address 40 West Street. Their primary mission is to offer housing and support services to individuals with disabilities. This mission is carried out through various activities, including providing essential living accommodations and offering necessary assistance to help these individuals lead more independent and fulfilling lives. The corporation's dedication to this cause is evident in its mission statement and description, which emphasizes its commitment to making a positive impact on the lives of individuals with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Forty West Street Corporation has received a Three-Star rating from Charity Navigator, primarily driven by its strong performance in Accountability and Finance. With a score of 79%, the organization demonstrates robust governance practices, including a board composed of 90% independent members, indicating a commitment to unbiased decision-making. The charity has also maintained a solid program expense ratio of 85.18%, reflecting its focus on utilizing funds towards its mission and programs.
However, the organization faces challenges in its financial health, evidenced by a liabilities to assets ratio of 176.61%, which raised concerns about its overall stability. Despite this, the charity has established essential policies such as conflict of interest, whistleblower, and document retention, which contribute positively to its accountability and transparency.
Overall, while Forty West Street Corporation excels in governance and program expenses, potential donors may want to consider its financial ratios to gain a fuller understanding of its operational health.
This AI summary has been generated from information found on Charity Navigator.
Is Forty West Street Corporation legitimate?
Forty West Street Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forty West Street 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: $5,602
For more financial information, click here
What is the mission statement of Forty West Street Corporation?
Forty West Street Corporation is dedicated to offering housing and support services for individuals with disabilities. Their mission is centered around providing a living environment and essential assistance to individuals who may require additional care due to their disabilities. By offering housing and support services, they aim to enhance the quality of life for these individuals, enabling them to live as independently as possible. The corporation's activities are geared towards meeting the unique needs of individuals with disabilities, ensuring they have access to the necessary resources and care.
Who is the CEO of Forty West Street Corporation?
Cindy Howard is the Principal Officer of Forty West Street Corporation. The CEO's salary of Forty West Street Corporation is $0 and their total compensation is $186,279.
What is the revenue of Forty West Street Corporation?
Forty West Street Corporation's revenue in 2022 was $63,031.
Who are the executives of Forty West Street Corporation and what are their salaries?
Here are 17 key members and their salaries (Forty West Street Corporation's CEO's salary is $0 and their total compensation is $186,279):
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- Related: $146,299
- Other: $20,189
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- Related: $160,339
- Other: $25,940
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- Related: $129,420
- Other: $1,090
- Compensation: $0
- Related: $125,239
- Other: $21,791
Where can I find the form 990 for Forty West Street Corporation?
Forty West Street Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forty West Street Corporation
Forty West Street Corporation is committed to providing housing and supportive services for individuals with disabilities. Their mission is centered around ensuring these individuals have access to appropriate living arrangements and necessary assistance. The corporation operates with the goal of enhancing the quality of life for individuals with disabilities, offering them a sense of independence and self-sufficiency. By offering housing and support services, Forty West Street Corporation aims to empower these individuals, enabling them to lead fulfilling lives.
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Impact
August, 2024
Forty West Street Corporation's impact is significant in providing housing and support services for individuals with disabilities in Southbridge, MA. They play a crucial role in improving the lives of these individuals by offering them safe and supportive housing options tailored to their specific needs. Through their efforts, Forty West Street Corporation contributes to creating a more inclusive and accessible community for people with disabilities, addressing a crucial social need and enhancing the quality of life for those they serve.
This information is meant to be a general summary of Forty West Street 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: $31
- Program Service Revenue: $33,338
- Gross Receipts: $63,031
Assets and Liabilities:
- Total Assets: $1,001,797
- Total Liabilities: $1,666,850
- Net Assets: -$665,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD RENTAL INCOME
Revenue
$33,338
Organization Details
Founding Year
2006
Phone
(508) 764-4085Principal Officer
Cindy Howard
Main Address
40 WEST STREET, SOUTHBRIDGE, MA, 01550
NTEE Category
Code: L21 - Housing
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