Overview
What is Jefferson Avenue School Associates Inc?
Jefferson Avenue School Associates Inc, based in Springfield, Massachusetts, is a nonprofit organization committed to serving the needs of elderly and handicapped families. Their primary mission is to provide affordable housing, offering a safe and comfortable living environment for individuals who may face financial challenges. By focusing on low-income housing, this organization aims to ensure that everyone, regardless of their circumstances, has access to necessary amenities and support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Jefferson Avenue School Associates Inc has received a Two-Star rating from Charity Navigator, indicating a mixed performance in accountability and finance. While the organization demonstrates strong governance with 100% independent board members and a solid audit process, it faces significant challenges in financial stability, evident from a liabilities to assets ratio of 131.60%. This raises concerns about the organization's ability to manage its financial obligations effectively.
The nonprofit shows a commendable program expense ratio of 73.54%, suggesting that a substantial portion of its budget is directed towards its programs. However, the absence of essential policies such as conflict of interest, whistleblower, and document retention policies indicates a lack of comprehensive governance practices that could enhance transparency and trust with stakeholders.
Despite these strengths, the lack of a posted tax form on the organization's website further complicates its financial transparency. Overall, while Jefferson Avenue School Associates Inc has made strides in certain areas, significant improvements are needed in financial management and governance policies to enhance its rating and stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Jefferson Avenue School Associates Inc legitimate?
Jefferson Avenue School Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Avenue School Associates 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: $133,023
For more financial information, click here
What is the mission statement of Jefferson Avenue School Associates Inc?
Jefferson Avenue School Associates Inc's mission is centered around providing affordable housing solutions. Specifically, the organization focuses on catering to the needs of elderly and handicapped individuals, offering them suitable living facilities. Their objective is to ensure that these individuals have access to decent housing, despite their financial constraints. The organization's activities primarily revolve around providing low-income facilities, thus creating an inclusive living environment for elderly and disabled families.
Who is the CEO of Jefferson Avenue School Associates Inc?
Heriberto Flores is the President of Jefferson Avenue School Associates Inc.
What is the revenue of Jefferson Avenue School Associates Inc?
Jefferson Avenue School Associates Inc's revenue in 2022 was $833,956.
Who are the executives of Jefferson Avenue School Associates Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Jefferson Avenue School Associates Inc?
Jefferson Avenue School Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jefferson Avenue School Associates Inc
Jefferson Avenue School Associates Inc, as a nonprofit organization, is dedicated to providing low-income housing facilities for elderly and handicapped individuals. Their mission is focused on ensuring that these vulnerable populations have access to suitable living spaces, catering to their unique needs. By offering low-income housing, this organization aims to provide a safe and comfortable environment for these individuals, enabling them to live with dignity and independence. The organization's activities are centered around this mission, striving to make a meaningful impact in the lives of elderly and handicapped individuals.
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Impact
October, 2024
Jefferson Avenue School Associates Inc significantly impacts the community by providing low-income housing specifically designed for elderly and handicapped individuals. This initiative addresses a critical need for accessible and affordable living spaces, enhancing the quality of life for vulnerable populations in Springfield, MA.
By focusing on the elderly and handicapped, the organization ensures that these individuals have safe and supportive environments where they can thrive. The availability of low-income facilities plays a vital role in reducing homelessness and financial distress among families facing economic challenges.
The presence of such housing options fosters inclusivity and dignity, allowing residents to maintain their independence while accessing necessary resources and support systems. Jefferson Avenue School Associates Inc not only improves living conditions but also contributes to the overall well-being and stability of the community by creating a foundation where every individual, regardless of their circumstances, can find solace and support.
This information is meant to be a general summary of Jefferson Avenue School Associates 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: $123
- Program Service Revenue: $144,776
- Gross Receipts: $833,956
Assets and Liabilities:
- Total Assets: $2,448,125
- Total Liabilities: $3,221,819
- Net Assets: -$773,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL REVENUE
Revenue
$144,776
Organization Details
Founding Year
1984
Phone
(413) 736-5300Principal Officer
Heriberto Flores
Main Address
2460 MAIN STREET 112, SPRINGFIELD, MA, 01107
NTEE Category
Code: L22Z - Housing
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