Overview
What is Union Neighborhood Assistance Corp?
Union Neighborhood Assistance Corp, based in Boston, Massachusetts, is a nonprofit organization primarily focused on providing support to low and moderate-income individuals and communities. Their mission involves assisting these groups in securing affordable housing and carrying out neighborhood stabilization initiatives. Beyond housing, the corporation engages in research and activities related to fair lending, addressing economic justice, and combating financial exploitation within these income brackets. Their work encompasses a broad range of initiatives aimed at improving the living conditions and financial well-being of low and moderate-income communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Union Neighborhood Assistance Corp has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The charity's overall score is based entirely on its performance in the Accountability & Finance beacon, showcasing a strong commitment to transparency and prudent financial management.
The organization demonstrates excellent practices, such as having a majority of independent board members (66%) and no material diversion of assets, which enhances its credibility. Additionally, it has robust policies in place for conflict of interest, whistleblower protection, and document retention, all contributing to its transparent governance structure.
While the charity's program expense ratio stands at an impressive 72.09%, indicating that a significant portion of its funding is directed towards its programs, there may be areas for improvement in stakeholder engagement or outreach efforts, as this data did not provide insights into these aspects. Overall, Union Neighborhood Assistance Corp appears to be a responsible organization with a strong foundation in financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Union Neighborhood Assistance Corp legitimate?
Union Neighborhood Assistance Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Neighborhood Assistance Corp 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 Union Neighborhood Assistance Corp?
Union Neighborhood Assistance Corp's mission is centered around assisting individuals with low to moderate income in obtaining affordable housing and promoting neighborhood stabilization initiatives. The organization provides homeownership assistance primarily to those in the low and moderate income bracket. In addition, Union Neighborhood Assistance Corp engages in neighborhood stabilization initiatives, conducts research related to fair lending, and addresses economic justice and financial exploitation issues affecting primarily low and moderate income individuals and communities.
Who is the CEO of Union Neighborhood Assistance Corp?
Bruce Marks is the Pres/Ceo/Dir of Union Neighborhood Assistance Corp. The CEO's salary of Union Neighborhood Assistance Corp is $0 and their total compensation is $254,667.
What is the revenue of Union Neighborhood Assistance Corp?
Union Neighborhood Assistance Corp's revenue in 2022 was $56,649.
Who are the executives of Union Neighborhood Assistance Corp and what are their salaries?
Here are 8 key members and their salaries (Union Neighborhood Assistance Corp's CEO's salary is $0 and their total compensation is $254,667):
- Compensation: $0
- Related: $234,890
- Other: $19,777
- Compensation: $0
- Related: $171,695
- Other: $23,785
- Compensation: $0
- Related: $150,010
- Other: $23,234
- Compensation: $0
- Related: $140,457
- Other: $19,217
- Compensation: $0
- Related: $131,175
- Other: $20,857
- Compensation: $0
- Related: $111,251
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Union Neighborhood Assistance Corp?
Union Neighborhood Assistance Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Union Neighborhood Assistance Corp
Union Neighborhood Assistance Corp, a nonprofit organization, is committed to assisting individuals and communities with low to moderate income in attaining affordable housing and promoting neighborhood stabilization initiatives. Its primary mission is to provide homeownership assistance, primarily focusing on those who fall under the low and moderate income brackets. In addition to this, the corporation engages in neighborhood stabilization initiatives, conducting research and activities related to fair lending. Furthermore, Union Neighborhood Assistance Corp addresses issues of economic justice and financial exploitation that predominantly affect low and moderate income individuals and communities.
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Impact
August, 2024
Union Neighborhood Assistance Corp plays a crucial role in assisting individuals with low to moderate income in accessing affordable housing and neighborhood stabilization initiatives in Boston, MA. By providing homeownership assistance and engaging in activities related to fair lending, economic justice, and financial exploitation prevention, UNAC contributes to enhancing the overall well-being of primarily low and moderate-income individuals and communities. Through its mission-driven efforts, UNAC helps promote housing equity and fosters stable and thriving neighborhoods.
This information is meant to be a general summary of Union Neighborhood Assistance Corp. 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: $6,649
- Gross Receipts: $56,649
Assets and Liabilities:
- Total Assets: $1,694,797
- Total Liabilities: $17,909
- Net Assets: $1,676,888
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Organization Details
Founding Year
1988
Phone
(617) 250-6222Principal Officer
Bruce Marks
Main Address
225 CENTRE ST SUITE 100, BOSTON, MA, 02119
NTEE Category
Code: L30Z - Housing
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