Overview
What is Both Development Inc?
Both Development Inc, based in Boston, Massachusetts, is a nonprofit organization dedicated to addressing housing needs in the Mission Hill area. Their primary mission is to provide affordable housing options for individuals with low income, contributing to the community's social welfare. By offering housing solutions, Both Development Inc plays a significant role in ensuring that residents in this section of Boston have access to decent and safe living spaces. The organization's focus on low-income housing contributes to the broader goal of promoting equitable access to housing and fostering a more inclusive and supportive community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Both Development Inc has received a two-star rating from Charity Navigator, indicating areas for growth despite some strong accountability and financial practices. The organization boasts a perfect score for its independent board structure, with all members being independent and no material diversion of assets reported. Additionally, it excels in financial metrics, showcasing a program expense ratio of 82.86%, which reflects a strong commitment to its mission through direct program spending.
However, the nonprofit also faces significant limitations that impact its overall rating. Key policies, including a conflict of interest policy, whistleblower policy, and document retention policy, are absent, which raises concerns about governance and transparency. Furthermore, the organization's tax form is not available on its website, leading to a lack of accessibility regarding its financial accountability.
These limitations highlight the need for Both Development Inc to enhance its governance frameworks and improve information dissemination to the public. By addressing these gaps, the organization could strengthen its credibility and trust among stakeholders while continuing to build on its existing financial strengths.
This AI summary has been generated from information found on Charity Navigator.
Is Both Development Inc legitimate?
Both Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Both Development 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 Both Development Inc?
Both Development Inc is committed to providing low-income housing within the Mission Hill section of Boston, Massachusetts. Their mission is focused on addressing the housing needs of individuals with limited financial resources. By offering housing solutions within this specific area, the organization aims to contribute positively to the local community. Their primary objective is to ensure that everyone has access to a suitable living space, regardless of their income level. The organization's activities are centered around this mission, making a significant impact in the lives of those in need.
Who is the CEO of Both Development Inc?
Richard Giordano is the President; Director of Both Development Inc.
What is the revenue of Both Development Inc?
Both Development Inc's revenue in 2022 was $94,197.
Who are the executives of Both Development Inc and what are their salaries?
Here are 10 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
- 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 Both Development Inc?
Both Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Both Development Inc
Both Development Inc, as a nonprofit organization, is committed to providing affordable housing options for individuals with low income. Located in Boston, Massachusetts, the mission of Both Development Inc is to make a significant impact in the lives of those in need by offering housing solutions in the Mission Hill section of the city. By focusing on this specific area, Both Development Inc aims to contribute to the community and improve living conditions for those who may not otherwise have access to adequate housing. Through its efforts, Both Development Inc is working towards ensuring that everyone, regardless of their financial situation, has a safe and suitable place to call home.
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
October, 2024
Both Development Inc plays a crucial role in addressing the housing needs of low-income residents in the Mission Hill section of Boston, Massachusetts. By focusing on providing affordable housing solutions, the organization contributes to community stability and helps combat homelessness in an increasingly challenging housing market. This effort not only enhances the quality of life for individuals and families in need but also fosters a sense of community and belonging.
The availability of low-income housing facilitates access to essential services and resources, enabling residents to pursue education and employment opportunities. Additionally, by promoting diverse and inclusive neighborhoods, Both Development Inc strengthens the social fabric of Mission Hill, supporting a vibrant community where individuals from various backgrounds can thrive. Overall, the organization's work has a ripple effect, positively influencing the overall economic and social health of the area.
This information is meant to be a general summary of Both Development 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: $53
- Program Service Revenue: $56,644
- Gross Receipts: $94,197
Assets and Liabilities:
- Total Assets: $188,303
- Total Liabilities: $5,471
- Net Assets: $182,832
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INC HOUSING RENT
Revenue
$56,644
Organization Details
Founding Year
1984
Phone
(617) 277-4785Principal Officer
Richard Giordano
Main Address
100 SOUTH HUNTINGTON AVE, BOSTON, MA, 02130
NTEE Category
Code: L20Z - Housing
If you are a representative of Both Development 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.