Overview
What is Silver Meadow Inc?
Silver Meadow Inc, located in Springfield, Massachusetts, is a nonprofit organization dedicated to supporting low and very low-income elderly individuals. Their primary mission is to provide them with housing facilities and services tailored to their unique needs. Specifically, they offer 20 residential units, ensuring a home for this vulnerable population. Their services go beyond just housing, aiming to enhance the quality of life for these elderly residents through dedicated care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall score: 67%, Two-Star out of Four Star rating
Silver Meadow Inc has received a 'Needs Improvement' rating from Charity Navigator, with an overall score of 67%. The organization demonstrates strong accountability through its fully independent board, with 100% of board members meeting this criterion. It also maintains a high program expense ratio of 89.91%, indicating a significant commitment to its mission-driven programs.
However, the organization faces several limitations that impact its overall rating. Key governance policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, are missing. Additionally, the nonprofit's website is not listed on its tax form, which raises concerns about transparency and accessibility of information for stakeholders.
Overall, while Silver Meadow Inc shows strengths in governance independence and program expenditure, the lack of essential policies and transparency measures highlights areas that need improvement to enhance its operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Silver Meadow Inc legitimate?
Silver Meadow Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silver Meadow 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: $43,300
For more financial information, click here
What is the mission statement of Silver Meadow Inc?
Silver Meadow Inc's mission is centered around providing housing facilities and essential services tailored to the needs of elderly individuals with low and very low income. The organization strives to create an environment that caters specifically to their requirements, ensuring they live comfortably and with dignity. Their primary objective is to make these resources widely available, thereby enhancing the quality of life for these individuals. As of recently, Silver Meadow Inc has successfully provided 20 units of residential housing and support services in Massachusetts.
Who is the CEO of Silver Meadow Inc?
Guy Lucia is the President of Silver Meadow Inc.
What is the revenue of Silver Meadow Inc?
Silver Meadow Inc's revenue in 2022 was $198,575.
Who are the executives of Silver Meadow Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Silver Meadow Inc?
Silver Meadow Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Silver Meadow Inc
Silver Meadow Inc, as a nonprofit organization, is dedicated to serving the needs of elderly individuals of low and very low income. Its primary mission is to provide them with housing facilities and support services specifically designed to cater to their unique requirements. By offering these resources, Silver Meadow Inc aims to enhance the quality of life for these elderly individuals, ensuring they have access to accommodations that meet their specific requirements. The organization has successfully provided 20 units of residential housing and support services, demonstrating its commitment to this mission.
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Impact
October, 2024
Silver Meadow Inc makes a significant impact by addressing the housing needs of elderly individuals with low and very low incomes. By providing 20 units of residential housing, the organization offers a safe and supportive environment tailored to the unique requirements of older adults in Wales, Massachusetts. The services provided not only focus on housing but also include essential support that enhances the quality of life for residents. This commitment to meeting the specific needs of seniors helps combat homelessness and instability among vulnerable populations, empowering them to live independently with dignity and access to necessary resources. Silver Meadow Inc plays a crucial role in fostering a sense of community and well-being for the elderly, significantly contributing to the overall caring infrastructure within the region.
This information is meant to be a general summary of Silver Meadow 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: $207
- Program Service Revenue: $198,368
- Gross Receipts: $198,575
Assets and Liabilities:
- Total Assets: $1,386,437
- Total Liabilities: $707,296
- Net Assets: $679,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$198,368
Organization Details
Founding Year
1996
Phone
(413) 233-1651Principal Officer
Guy Lucia
Main Address
CO WAY FINDERS 1780 MAIN STREET, SPRINGFIELD, MA, 01103
NTEE Category
Code: L33Z - Housing
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