Overview
What is Medford Community Housing Inc?
Medford Community Housing Inc, based in Medford, Massachusetts, is a dedicated nonprofit organization with a mission to promote affordable housing development and maintenance. Their focus lies primarily on providing housing solutions for low and moderate-income individuals. With one dedicated employee, they manage four low-income housing units within the city. Their work contributes significantly to the local community by ensuring affordable housing options, thereby enhancing the living conditions of those in need.
Official website here: www.medfordcommunityhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Medford Community Housing Inc has received a rating of 68%, indicating some strengths but also notable areas for improvement. The organization has a fully independent board with strong governance practices in place, earning top scores in several categories such as board size and conflict of interest policies. However, it has struggled with transparency and accountability, particularly concerning its whistleblower policy and document retention practices.
While the charity demonstrates a solid commitment to its program expenses, as reflected in a perfect score in that area, the liabilities to assets ratio indicates potential concerns about financial health. This may suggest that the organization could face challenges in managing its debts relative to its assets, which could impact its sustainability and operational capacity.
Overall, while the Medford Community Housing Inc shows promise in governance and program execution, its low scores in accountability and financial management highlight areas where improvements are needed to enhance trust and effectiveness within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Medford Community Housing Inc legitimate?
Medford Community Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medford Community Housing 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: $64,773
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.medfordcommunityhousing.org
What is the mission statement of Medford Community Housing Inc?
Medford Community Housing Inc is committed to fostering the development, renovation, and upkeep of affordable housing, with a particular focus on accommodations for individuals with low and moderate incomes. The organization's primary goal is to contribute to the availability of affordable housing in the community. They provide rental units for low-income individuals in Medford, Massachusetts. The organization's mission is geared towards addressing the housing needs of those who might not otherwise have access to affordable housing options.
Official website here: www.medfordcommunityhousing.org
Who is the CEO of Medford Community Housing Inc?
Henry Rappa is the Principal Officer of Medford Community Housing Inc.
Official website here: www.medfordcommunityhousing.org
What is the revenue of Medford Community Housing Inc?
Medford Community Housing Inc's revenue in 2022 was $164,096.
Official website here: www.medfordcommunityhousing.org
Who are the executives of Medford Community Housing Inc and what are their salaries?
The average compensation at Medford Community Housing Inc during 2022 was $64,773. There is 1 employee and 7 volunteers at Medford Community Housing Inc.
Here are 8 key members and their salaries:
- Compensation: $61,046
- Related: $0
- Other: $2,959
- 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
Official website here: www.medfordcommunityhousing.org
Where can I find the form 990 for Medford Community Housing Inc?
Medford Community Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medfordcommunityhousing.org
Learn more at the official website: www.medfordcommunityhousing.org
Mission Statement of Medford Community Housing Inc
Medford Community Housing Inc, as a nonprofit organization, is dedicated to promoting the development, rehabilitation, and maintenance of affordable housing. This mission is particularly focused on serving low and moderate-income individuals in the community. By undertaking these activities, the organization aims to contribute to the housing needs of a significant portion of the population, ensuring that everyone has access to suitable living spaces, regardless of their income level.
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Impact
October, 2024
Medford Community Housing Inc significantly impacts the local community by facilitating the development, rehabilitation, and maintenance of affordable housing in Medford. With a strong emphasis on supporting low and moderate-income individuals, the organization has established rental opportunities through four dedicated housing units in the area. This commitment not only provides essential shelter but also fosters stability and enhances the overall quality of life for residents. By addressing the critical need for affordable housing, Medford Community Housing Inc plays a vital role in promoting inclusive and sustainable community growth.
This information is meant to be a general summary of Medford Community Housing 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: $1
- Program Service Revenue: $113,622
- Gross Receipts: $164,096
Assets and Liabilities:
- Total Assets: $1,105,072
- Total Liabilities: $1,319,780
- Net Assets: -$214,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$81,321
WORKSHOP FEES
Revenue
$32,301
Organization Details
Founding Year
1989
Phone
(781) 391-2866Principal Officer
Henry Rappa
Main Address
PO BOX 575, MEDFORD, MA, 02155
NTEE Category
Code: L21 - Housing
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