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Asian Healthcare Foundation Of Massachusetts Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205004218 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Asian Healthcare Foundation Of Massachusetts Inc?

Asian Healthcare Foundation of Massachusetts Inc, located at 145 South Street, Boston, MA 02111, is a nonprofit organization established to support the activities of South Cove Community Health Center Inc. Both entities operate under the IRC 501(c)(3) status, focusing on health-related activities. The foundation's primary goal is to contribute to the operations and initiatives of South Cove Community Health Center Inc., ensuring they can continue providing essential healthcare services to the community.


Official website here: www.scchc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

The Asian Healthcare Foundation of Massachusetts Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in governance practices, with a majority of independent board members and robust policies in place for financial oversight, conflict of interest, and whistleblowing. These factors contribute positively to the foundation's operational integrity and transparency.

Despite its strengths in governance, the foundation's program expense ratio of 56.43% reflects that a significant portion of its expenses may not be allocated directly to programs, which could be a concern for potential donors looking for high-impact initiatives. This aspect suggests there may be room for improvement in ensuring that a larger share of funding directly supports its mission-related activities.

Overall, while the foundation demonstrates strong accountability and governance practices, potential supporters might consider its program expenditure when evaluating the organization's effectiveness in delivering healthcare initiatives within the Asian community in Massachusetts.


This AI summary has been generated from information found on Charity Navigator.

Is Asian Healthcare Foundation Of Massachusetts Inc legitimate?

Asian Healthcare Foundation Of Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Healthcare Foundation Of Massachusetts 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.scchc.org

What is the mission statement of Asian Healthcare Foundation Of Massachusetts Inc?

The Asian Healthcare Foundation of Massachusetts Inc. is established with a mission to support the activities of South Cove Community Health Center Inc. This non-profit organization, like its partner, operates under the IRC 501(c)(3), working together to promote health and wellness within their community. By supporting the initiatives of South Cove Community Health Center Inc., the foundation contributes to providing essential healthcare services, ensuring accessibility and affordability for those in need.


Official website here: www.scchc.org

Who is the CEO of Asian Healthcare Foundation Of Massachusetts Inc?

Eugene Welch is the Board Member of Asian Healthcare Foundation Of Massachusetts Inc.


Official website here: www.scchc.org

What is the revenue of Asian Healthcare Foundation Of Massachusetts Inc?

Asian Healthcare Foundation Of Massachusetts Inc's revenue in 2022 was $1,331,545.


Official website here: www.scchc.org

Who are the executives of Asian Healthcare Foundation Of Massachusetts Inc and what are their salaries?

There 6 volunteers at Asian Healthcare Foundation Of Massachusetts Inc.


Here are 7 key members and their salaries:


Alvin Wing (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Tang (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene Welch (Treasurer)
  • Compensation: $0
  • Related: $505,741
  • Other: $33,366
Frederick Taw (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herman Lee (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Moy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nelson Liu (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.scchc.org

Where can I find the form 990 for Asian Healthcare Foundation Of Massachusetts Inc?

Asian Healthcare Foundation Of Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.scchc.org

Learn more at the official website: www.scchc.org

Mission Statement of Asian Healthcare Foundation Of Massachusetts Inc

The Asian Healthcare Foundation of Massachusetts Inc is committed to supporting the activities of South Cove Community Health Center Inc. This organization serves as a vital partner, working collaboratively with the health center to advance their shared mission. Both entities are recognized as IRC 501(c)(3) nonprofits, which signifies their dedication to public service and charitable activities. The Asian Healthcare Foundation of Massachusetts Inc's primary role is to bolster the initiatives and programs of South Cove Community Health Center Inc, contributing to their collective goal of improving healthcare access and services for their community.

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Impact




October, 2024

Asian Healthcare Foundation Of Massachusetts Inc plays a vital role in enhancing health services for the community by supporting the activities of South Cove Community Health Center Inc. By providing essential resources, the foundation helps improve access to quality healthcare for underserved populations, particularly within the Asian community in Boston, MA. This collaboration fosters a holistic approach to healthcare, addressing both medical needs and cultural sensitivities.

Through its efforts, the foundation contributes to the overall well-being of the community, facilitating programs that emphasize preventive care, education, and outreach. By enabling South Cove Community Health Center to expand its services, the foundation significantly impacts public health outcomes, ultimately striving for a healthier, more informed community.




This information is meant to be a general summary of Asian Healthcare Foundation Of Massachusetts 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.

Revenue
$1,331,545 (2022)
Expenses
$609,740 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $14,762
  • Gross Receipts: $1,331,545

Assets and Liabilities:

  • Total Assets: $19,820,278
  • Total Liabilities: $502,990
  • Net Assets: $19,317,288

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Organization Details

Founding Year

2006

Principal Officer

Eugene Welch

Main Address

145 SOUTH STREET, BOSTON, MA, 02111

NTEE Category

Code: E11 - Health

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