Overview
What is Brownstone Gardens I Inc?
Brownstone Gardens I Inc is a nonprofit organization located in East Longmeadow, Massachusetts. Their primary mission is to provide affordable and comfortable living accommodations for low-income elderly residents. They achieve this through their senior citizens housing and retirement community programs. The organization is committed to ensuring that elderly individuals have access to suitable housing, thereby enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
Brownstone Gardens I Inc has received a low rating of 54%, resulting in a One-Star evaluation primarily due to its Accountability & Finance score. The charity demonstrates strong governance practices, with an entirely independent board and policies in place for conflict of interest and whistleblower protections. Additionally, it maintains comprehensive documentation for board meetings, which reflects a commitment to transparency.
However, the organization struggles significantly in financial aspects, with a program expense ratio of only 18.03%, indicating that a large portion of its resources may not be directed towards its mission-related programs. Furthermore, the liabilities to assets ratio is concerning at 1.63%, which could raise alarms about the charity's financial sustainability and management.
Overall, while Brownstone Gardens I Inc shows good governance practices, its financial performance significantly hampers its overall rating, suggesting potential difficulties in effectively utilizing its resources for its intended charitable purposes.
This AI summary has been generated from information found on Charity Navigator.
Is Brownstone Gardens I Inc legitimate?
Brownstone Gardens I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brownstone Gardens I 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:
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What is the mission statement of Brownstone Gardens I Inc?
Brownstone Gardens I Inc, as an organization, is committed to providing affordable and comfortable living accommodations for the elderly with limited income. This is accomplished through their senior citizens housing and retirement community programs. The mission of Brownstone Gardens is centered around ensuring that the elderly population has access to suitable living arrangements, thereby enhancing their quality of life. This mission is carried out without specifying a particular location.
Who is the CEO of Brownstone Gardens I Inc?
Alan Van Tassel is the President of Brownstone Gardens I Inc.
What is the revenue of Brownstone Gardens I Inc?
Brownstone Gardens I Inc's revenue in 2022 was $57,159.
Who are the executives of Brownstone Gardens I Inc and what are their salaries?
There 9 volunteers at Brownstone Gardens I Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Brownstone Gardens I Inc?
Brownstone Gardens I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brownstone Gardens I Inc
Brownstone Gardens I Inc, a nonprofit organization, is dedicated to providing affordable and comfortable living accommodations for low income elderly residents. Through its senior citizens housing and retirement community programs, Brownstone Gardens fulfills its mission of offering a homely environment for its elderly residents. Located in East Longmeadow, Massachusetts, this organization provides a sanctuary for the elderly, ensuring they can live with dignity and independence. By offering housing solutions, Brownstone Gardens I Inc contributes to the well-being of the elderly community, ensuring they have a place to call home.
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Impact
August, 2024
Brownstone Gardens I Inc's impact lies in providing housing for low-income elderly residents in East Longmeadow, MA. Through its senior citizens housing and retirement community programs, Brownstone Gardens fulfills its mission to offer affordable and comfortable living accommodations for this vulnerable population. The organization plays a crucial role in addressing the housing needs of elderly individuals who may otherwise struggle to find suitable and affordable housing options. Overall, Brownstone Gardens I Inc's impact is significant in improving the quality of life for low-income elderly residents in the community.
This information is meant to be a general summary of Brownstone Gardens I 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: $57,159
- Gross Receipts: $57,159
Assets and Liabilities:
- Total Assets: $4,949,362
- Total Liabilities: $85,090
- Net Assets: $4,864,272
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Organization Details
Founding Year
1971
Phone
(413) 525-4321Principal Officer
Alan Van Tassel
Main Address
75 Pleasant Street, East Longmeadow, MA, 01028
NTEE Category
Code: L22 - Housing
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