Overview
What is Worcester Common Ground Inc?
Worcester Common Ground Inc is a nonprofit organization situated in Worcester, Massachusetts, specifically at 5 Piedmont Street. Their primary mission is to create and sustain affordable housing options for low and moderate-income families within the Worcester area. In addition to providing housing, Worcester Common Ground Inc offers an opportunity for income-eligible individuals to become homeowners. This organization, with a team of eight dedicated employees, is committed to enhancing living conditions and fostering stable communities for families in need.
Official website here: www.wcgcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Worcester Common Ground Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and finance as well as culture and community engagement. The organization scored exceptionally well in accountability metrics, showcasing a fully independent board and robust financial oversight structures. With a program expense ratio of 90.83%, it demonstrates a commitment to using the majority of its resources for programmatic activities.
In addition to its financial strengths, Worcester Common Ground Inc excels in community engagement, earning a perfect score in culture and community metrics. The organization has effectively collected and utilized constituent feedback, ensuring that the voices of those it serves are integrated into its practices and strategies. Its commitment to equity is also notable, with full scores in various equity-related assessments.
However, while the data paints a positive picture of the organization, specific challenges or areas for improvement are not explicitly mentioned. Overall, Worcester Common Ground Inc appears to be a well-managed nonprofit with a strong emphasis on accountability, community involvement, and equity practices.
This AI summary has been generated from information found on Charity Navigator.
Is Worcester Common Ground Inc legitimate?
Worcester Common Ground Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester Common Ground 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: $102,559
Professional Fundraising Fees: $0
Other Salaries and Wages: $284,489
For more financial information, click here
Official website here: www.wcgcdc.org
What is the mission statement of Worcester Common Ground Inc?
Worcester Common Ground Inc's mission is centered around providing housing solutions for families with moderate to low income. The organization strives to achieve this by establishing and maintaining residential properties within its operations. Furthermore, Worcester Common Ground offers an opportunity for income-eligible individuals to become homeowners, thereby expanding their housing options and fostering a sense of homeownership. The organization's activities aim to address the housing needs of those with limited financial resources, thereby contributing to a more equitable living environment.
Official website here: www.wcgcdc.org
Who is the CEO of Worcester Common Ground Inc?
Yvette Dyson is the Executive Director of Worcester Common Ground Inc.
Official website here: www.wcgcdc.org
What is the revenue of Worcester Common Ground Inc?
Worcester Common Ground Inc's revenue in 2022 was $3,284,426.
Official website here: www.wcgcdc.org
Who are the executives of Worcester Common Ground Inc and what are their salaries?
The average compensation at Worcester Common Ground Inc during 2022 was $48,381. There are 8 employees at Worcester Common Ground Inc.
Here are 8 key members and their salaries:
- Compensation: $102,559
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- 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.wcgcdc.org
Where can I find the form 990 for Worcester Common Ground Inc?
Worcester Common Ground Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcgcdc.org
Learn more at the official website: www.wcgcdc.org
Mission Statement of Worcester Common Ground Inc
Worcester Common Ground Inc, a nonprofit organization, is committed to establishing and maintaining affordable housing for families with moderate and low incomes in their respective communities. Beyond providing housing, this organization offers an exceptional opportunity for income-eligible individuals to become homeowners. By developing and managing housing units, Worcester Common Ground Inc strives to contribute to the well-being of families and promote sustainable living.
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Impact
October, 2024
Worcester Common Ground Inc plays a vital role in the Worcester area by developing and maintaining housing for low and moderate-income families. This organization not only addresses the pressing need for affordable housing but also provides income-eligible individuals with opportunities to become homeowners. By focusing on these initiatives, Worcester Common Ground enhances community stability, fosters economic growth, and contributes to the overall well-being of families in the region. Their efforts help create a more inclusive and equitable housing landscape in Worcester, empowering individuals to achieve homeownership and promoting stronger neighborhoods.
This information is meant to be a general summary of Worcester Common Ground 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: $2,198
- Program Service Revenue: $1,424,245
- Gross Receipts: $3,499,424
Assets and Liabilities:
- Total Assets: $16,372,506
- Total Liabilities: $7,092,043
- Net Assets: $9,280,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER & OVERHEAD FEES
Revenue
$485,500
OTHER PROGRAM SVC REVENUE
Revenue
$267,787
PROGRAM SERVICE FEES
Revenue
$48,257
RENTAL INCOME
Revenue
$622,701
Organization Details
Founding Year
1988
Phone
(508) 754-0908Principal Officer
Yvette Dyson
Main Address
5 PIEDMONT ST, WORCESTER, MA, 01610
Website
www.wcgcdc.orgNTEE Category
Code: L53Z - Housing
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