Overview
What is Stow Community Housing Corporation?
Stow Community Housing Corporation is a nonprofit organization situated in the Stow area of Massachusetts. Their primary mission is to offer low-income and affordable housing options, aiding in the acquisition, improvement, and accessibility of housing within their community. They strive to make housing more accessible for those in need, contributing positively to the local area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
Stow Community Housing Corporation has received a low score of 33%, reflecting significant concerns regarding its accountability and financial management. While the organization shows strengths in having a fully independent board and complying with certain governance aspects, it fails to adhere to important transparency and conflict of interest policies, which may raise red flags for potential donors and supporters.
The organization scored particularly poorly in areas such as its website availability, conflict of interest policy, and financial documentation practices. The program expense ratio stands at 41.46%, which indicates that less than half of its resources are directed towards programs, raising questions about its operational efficiency.
Overall, the low rating suggests a need for improvement in fiscal management and transparency practices, which are essential for building trust with the community and ensuring effective use of donations. Prospective supporters should consider these factors before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Stow Community Housing Corporation legitimate?
Stow Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stow Community Housing Corporation 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 Stow Community Housing Corporation?
Stow Community Housing Corporation's mission is centered around providing affordable housing for individuals with low income. The corporation actively works towards acquiring, improving, and making housing accessible in the specified area. Their goal is to contribute to the housing sector, ensuring that housing remains within reach for those who need it most. They strive to enhance the living conditions of their community by making housing more accessible, thereby promoting a more equitable living environment.
Who is the CEO of Stow Community Housing Corporation?
Victoria Blake is the Principal Officer of Stow Community Housing Corporation.
What is the revenue of Stow Community Housing Corporation?
Stow Community Housing Corporation's revenue in 2022 was $48,207.
Who are the executives of Stow Community Housing Corporation and what are their salaries?
There 7 volunteers at Stow Community Housing Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Stow Community Housing Corporation?
Stow Community Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stow Community Housing Corporation
Stow Community Housing Corporation, as a nonprofit organization, is dedicated to providing low-income and affordable housing solutions. Its mission involves actively seeking out and improving existing housing units in the Stow area of Massachusetts. The corporation's primary goal is to make housing more accessible for individuals and families who may not otherwise be able to afford it. By acquiring, improving, and modifying housing facilities, Stow Community Housing Corporation plays a significant role in addressing housing affordability issues in its community.
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Impact
October, 2024
Stow Community Housing Corporation plays a vital role in enhancing the quality of life for residents in Stow, Massachusetts, by providing low-income and affordable housing options. By assisting individuals and families in acquiring, improving, and making housing accessible, the organization addresses critical housing needs in the community. Through these efforts, it not only helps to stabilize the local population but also fosters a more inclusive community where diverse households can thrive. The impact of their work extends beyond housing, contributing to social and economic stability in the area.
This information is meant to be a general summary of Stow Community Housing Corporation. 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: $3,520
- Program Service Revenue: $44,687
- Gross Receipts: $48,207
Assets and Liabilities:
- Total Assets: $5,606,162
- Total Liabilities: $355
- Net Assets: $5,605,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEE
Revenue
$38,810
INTEREST INCOME ON NOT
Revenue
$5,877
Organization Details
Founding Year
1987
Phone
(978) 897-4404Principal Officer
Victoria Blake
Main Address
22 JOHNSTON WAY, STOW, MA, 01775
NTEE Category
Code: L20 - Housing
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