Overview
What is Community Renewal Inc C/O The Community Builders Inc?
Community Renewal Inc, under the umbrella of The Community Builders Inc, is a nonprofit organization situated in Boston, Massachusetts, specifically at 185 Dartmouth Street. Their primary mission is to offer affordable housing to eligible individuals and families, with a focus on 85 low-income residential rental units located in Worcester, Massachusetts. By providing such housing, the organization aims to contribute positively to the local community, offering a solution to those in need of suitable living arrangements.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star Rating
Community Renewal Inc C/O The Community Builders Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability and Finance. The charity's score is derived entirely from its accountability practices, with a notable focus on financial management and transparency.
The organization demonstrates strong governance, with a fully independent board and comprehensive financial oversight, resulting in high scores across various metrics. Their program expense ratio is particularly impressive at 95.33%, indicating a significant commitment to directing resources toward their mission and programs.
However, while the overall score is commendable, it is based solely on the Accountability & Finance category, leaving room for further evaluation of effectiveness and impact in other areas. This indicates a need for more comprehensive information on outcomes and community engagement to provide a complete picture of the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Community Renewal Inc C/O The Community Builders Inc legitimate?
Community Renewal Inc C/O The Community Builders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Renewal Inc C/O The Community Builders 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
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What is the mission statement of Community Renewal Inc C/O The Community Builders Inc?
Community Renewal Inc., under the umbrella of The Community Builders Inc., has a mission to provide low-income housing opportunities for eligible individuals and families. The organization's primary objective is to make housing accessible to those in need, ensuring they have a place to call home. Operating in an unspecified location, they manage 85 residential rental units, offering a critical service to their community. The focus is on making housing affordable and accessible, contributing to a more equitable living situation for low-income families and individuals.
Who is the CEO of Community Renewal Inc C/O The Community Builders Inc?
D Morgan Wilson is the President of Community Renewal Inc C/O The Community Builders Inc.
What is the revenue of Community Renewal Inc C/O The Community Builders Inc?
Community Renewal Inc C/O The Community Builders Inc's revenue in 2022 was $737,317.
Who are the executives of Community Renewal Inc C/O The Community Builders Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Renewal Inc C/O The Community Builders Inc?
Community Renewal Inc C/O The Community Builders Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Renewal Inc C/O The Community Builders Inc
Community Renewal Inc C/O The Community Builders Inc is committed to providing low-income housing opportunities for eligible individuals and families. Their mission is centered around this objective, aiming to make a positive impact on those who are in need of affordable housing solutions. The organization operates a total of 85 low-income residential rental units, demonstrating their dedication to this cause. By offering these units, Community Renewal Inc C/O The Community Builders Inc is contributing to the well-being and stability of their community by providing a crucial necessity for many families and individuals.
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Impact
October, 2024
Community Renewal Inc C/O The Community Builders Inc plays a significant role in addressing housing insecurity by providing low-income housing for eligible individuals and families. Operating 85 residential rental units in Worcester, Massachusetts, the organization directly impacts the lives of many by offering affordable living options. This support enables residents to improve their quality of life, fostering stability and community development. By focusing on low-income housing, the organization not only alleviates the immediate need for shelter but also contributes to long-term socioeconomic stability for families in the region. Through its mission, Community Renewal Inc helps to create a supportive environment, encouraging residents to thrive and build a better future.
This information is meant to be a general summary of Community Renewal Inc C/O The Community Builders 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: $11,598
- Program Service Revenue: $577,000
- Gross Receipts: $737,317
Assets and Liabilities:
- Total Assets: $6,277,572
- Total Liabilities: $2,395,424
- Net Assets: $3,882,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$577,000
Organization Details
Founding Year
1987
Phone
(857) 221-8600Principal Officer
D Morgan Wilson
Main Address
185 DARTMOUTH STREET, BOSTON, MA, 02116
NTEE Category
Code: L20 - Housing
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