Overview
What is Metro West Collaborative Development Inc?
Metro West Collaborative Development Inc, located in Newton, Massachusetts (02458), is a dedicated nonprofit organization committed to engaging local residents in planning and decision-making processes that impact their neighborhoods. Their mission encompasses preserving and promoting affordable housing, fostering economic development that strengthens communities, and building alliances with regional partners to increase support for community development. To achieve these goals, they organize residents, mobilize resources, and identify innovative ideas to enhance the quality of life in Metro West communities. Their efforts include creating and preserving affordable homes, supporting economic growth that strengthens neighborhoods, and collaborating with partners to raise awareness and garner support for community development initiatives. With a team of 12 employees, Metro West Collaborative Development Inc is actively working towards positive change in its community.
Official website here: www.metrowestcd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Metro West Collaborative Development Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial management. The charity's score is derived entirely from its Accountability & Finance metrics, reflecting a strong emphasis on transparency and ethical governance. This rating highlights the organization's adherence to key financial practices, ensuring that resources are utilized effectively.
The organization boasts a fully independent board with eight members, which contributes positively to its governance structure. Additionally, Metro West Collaborative Development demonstrates strong oversight with a well-managed Audit and Oversight Committee. They have established comprehensive policies, including conflict of interest and whistleblower protections, further underscoring their commitment to ethical operations.
However, while the ratings indicate a strong program expense ratio of 88.56%, the overall score is limited to the accountability aspect, suggesting that other areas such as program effectiveness or community impact might not have been assessed in this evaluation. Overall, the charity presents itself as a responsible organization with commendable financial practices, but potential donors may want to seek further insights into its overall effectiveness and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Metro West Collaborative Development Inc legitimate?
Metro West Collaborative Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metro West Collaborative Development 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: $133,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $552,288
For more financial information, click here
Official website here: www.metrowestcd.org
What is the mission statement of Metro West Collaborative Development Inc?
Metro West Collaborative Development Inc's mission is centered around improving the quality of life for local residents. They accomplish this by creating and preserving affordable housing, supporting economic development that strengthens communities, and building alliances with regional partners. This organization aims to promote and preserve affordable housing and foster economic development, striving to increase support for community development. Additionally, Metro West Collaborative Development Inc encourages resident involvement in local planning and decision-making processes that affect their neighborhoods.
Official website here: www.metrowestcd.org
Who is the CEO of Metro West Collaborative Development Inc?
Caitlin Madden is the President of Metro West Collaborative Development Inc.
Official website here: www.metrowestcd.org
What is the revenue of Metro West Collaborative Development Inc?
Metro West Collaborative Development Inc's revenue in 2022 was $1,743,878.
Official website here: www.metrowestcd.org
Who are the executives of Metro West Collaborative Development Inc and what are their salaries?
The average compensation at Metro West Collaborative Development Inc during 2022 was $57,155. There are 12 employees and 8 volunteers at Metro West Collaborative Development Inc.
Here are 10 key members and their salaries:
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- Compensation: $122,337
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- Other: $11,231
Official website here: www.metrowestcd.org
Where can I find the form 990 for Metro West Collaborative Development Inc?
Metro West Collaborative Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metrowestcd.org
Learn more at the official website: www.metrowestcd.org
Mission Statement of Metro West Collaborative Development Inc
Metro West Collaborative Development Inc is committed to preserving and promoting affordable housing, fostering economic development, and building support for community development. By engaging residents in local planning and decision-making processes, the organization aims to enhance the quality of life in the Metro West communities. They achieve this by creating and preserving affordable homes, supporting economic developments that strengthen neighborhoods, towns, and the region, and building alliances with regional partners and constituencies to increase awareness and garner support for community development. In essence, Metro West Collaborative Development Inc works to improve living conditions for residents in Metro West communities, ensuring affordable housing, fostering economic growth, and building a supportive network for community development.
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Impact
October, 2024
Metro West Collaborative Development Inc significantly enhances the quality of life for residents in the Metro West communities by focusing on several key initiatives. Firstly, it actively works to create and preserve affordable homes, ensuring that residents have access to stable and sustainable living conditions. This commitment to affordable housing plays a vital role in maintaining the socioeconomic diversity of the area.
Secondly, the organization supports economic development efforts that not only strengthen individual neighborhoods and towns but also bolster the broader regional economy. By fostering local businesses and encouraging economic growth, it helps create job opportunities and improves overall community vitality.
Furthermore, Metro West Collaborative Development Inc is dedicated to building alliances and fostering partnerships throughout the region. This collaborative approach increases awareness and support for community development initiatives, ensuring that residents have a voice in planning and decision-making processes that impact their neighborhoods.
Through these efforts, the organization not only addresses immediate housing and economic needs but also empowers residents, promoting a sense of ownership and engagement in their community.
This information is meant to be a general summary of Metro West Collaborative Development 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: $29,049
- Program Service Revenue: $1,235,666
- Gross Receipts: $1,743,878
Assets and Liabilities:
- Total Assets: $17,809,934
- Total Liabilities: $15,992,556
- Net Assets: $1,817,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$411,903
DEVELOPER FEES
Revenue
$394,631
PROGRAM FEES
Revenue
$284,457
COMMERCIAL INCOME
Revenue
$144,675
Organization Details
Founding Year
1990
Phone
(617) 923-3505Principal Officer
Caitlin Madden
Main Address
79-B CHAPEL STREET, NEWTON, MA, 02458
Website
www.metrowestcd.orgNTEE Category
Code: L25Z - Housing
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