Overview
What is Lewis Mall Apartments Inc?
Lewis Mall Apartments Inc is a nonprofit organization situated in East Boston, Massachusetts, specifically at 80 Border Street, 3rd Floor. Their primary mission is to offer affordable housing and supportive services to at-risk elderly and disabled individuals within the East Boston community. This includes operating a 47-unit facility that caters to this demographic. The organization's activities are centered around providing affordable housing facilities and related support services to low-income elderly and disabled individuals, aiming to enhance their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Lewis Mall Apartments Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 79% based solely on its Accountability & Finance metrics. This rating indicates that the organization demonstrates a satisfactory level of transparency and responsible financial practices, which are crucial for gaining public trust.
One of the organization's notable strengths is its governance structure, with 87% of its board members being independent. This independence is important as it helps ensure unbiased decision-making. Additionally, Lewis Mall Apartments Inc has established policies for conflicts of interest, whistleblower protection, and document retention, all of which contribute to strong organizational integrity and accountability.
While the overall rating is commendable, potential donors and stakeholders should remain aware that the score is derived from a single beacon. This means the organization may have room for improvement in other areas not reflected in this particular rating. However, their program expense ratio of 79.09% suggests a good portion of their funding is directed towards their programs, which is a positive indicator of their operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lewis Mall Apartments Inc legitimate?
Lewis Mall Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewis Mall Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lewis Mall Apartments Inc?
Lewis Mall Apartments Inc, as an organization, is committed to providing affordable housing facilities and related support services to low-income elderly and disabled individuals. Their primary goal is to ensure that these vulnerable individuals have access to safe and comfortable living spaces. They operate a 47-unit affordable housing facility, offering housing and essential support services to at-risk elderly and disabled individuals in need. The organization strives to enhance the lives of its residents by providing them with the necessary resources to maintain their independence and improve their overall well-being.
Who is the CEO of Lewis Mall Apartments Inc?
Albert F Caldarelli is the President of Lewis Mall Apartments Inc.
What is the revenue of Lewis Mall Apartments Inc?
Lewis Mall Apartments Inc's revenue in 2022 was $498,434.
Who are the executives of Lewis Mall Apartments Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $279,247
- Other: $18,117
- 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
Where can I find the form 990 for Lewis Mall Apartments Inc?
Lewis Mall Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lewis Mall Apartments Inc
Lewis Mall Apartments Inc, as a nonprofit organization, is committed to providing affordable housing facilities and related support services to low-income elderly and disabled individuals. Their mission is centered around creating an environment that caters to the unique needs of this vulnerable population, ensuring they have access to safe and comfortable living spaces. By offering housing and essential support services, Lewis Mall Apartments Inc aims to improve the quality of life for at-risk elderly and disabled individuals, enabling them to live with dignity and independence. The organization's mission reflects a deep-seated commitment to making a positive impact in the lives of those who require additional care and assistance.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lewis Mall Apartments Inc's impact is significant in East Boston, Massachusetts. By operating a 47-unit affordable housing facility, they provide crucial housing and support services to at-risk elderly and disabled individuals in the community. This not only improves the quality of life for these vulnerable populations but also contributes to creating a more inclusive and supportive environment in East Boston. Lewis Mall Apartments Inc plays a vital role in addressing the housing needs of low-income individuals, ultimately helping to strengthen the overall well-being of the community.
This information is meant to be a general summary of Lewis Mall Apartments 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: $98
- Program Service Revenue: $498,336
- Gross Receipts: $498,434
Assets and Liabilities:
- Total Assets: $1,794,502
- Total Liabilities: $3,776,789
- Net Assets: -$1,982,287
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RESIDENTIAL RENTS
Revenue
$457,796
TENANT CHARGES
Revenue
$40,540
Organization Details
Founding Year
1992
Phone
(617) 569-5590Principal Officer
Albert F Caldarelli
Main Address
80 BORDER STREET 3RD FLOOR, EAST BOSTON, MA, 021281926
NTEE Category
Code: L22 - Housing
If you are a representative of Lewis Mall Apartments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.