Overview
What is Associated Catholic Charities?
Associated Catholic Charities is a nonprofit organization based in Binghamton, New York, with an address at 232 Main Street. Its primary mission is to support Catholic Charities of Broome County, a subsidiary of the Roman Catholic Diocese of Syracuse, by providing rental housing for individuals with developmental disabilities. Beyond this, the organization has established an endowment fund dedicated to serving the non-profit purposes of Catholic Charities of Broome County. This housing project is aimed at providing affordable living spaces for elderly families and individuals, as well as those with mental disabilities. Overall, Associated Catholic Charities plays a crucial role in enriching the lives of vulnerable communities in the Binghamton area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating. This high score reflects the organization's strong performance, particularly in accountability and finance, where it received a perfect score. The rating indicates that Associated Catholic Charities demonstrates a robust commitment to transparency and responsible financial management.
The organization features an entirely independent board with 19 members, ensuring diverse governance. Their financial oversight practices are thorough, as evidenced by the full marks in audit and oversight committee performance, as well as the absence of material diversion of assets. Furthermore, policies like conflict of interest and whistleblower protection are in place, reinforcing their commitment to ethical standards.
While the organization excels in financial metrics, the summary does not provide specific insights into programmatic impacts or beneficiary feedback. Therefore, while the financial health appears strong, understanding how effectively the organization achieves its mission may require further exploration beyond financial indicators.
This AI summary has been generated from information found on Charity Navigator.
Is Associated Catholic Charities legitimate?
Associated Catholic Charities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Associated Catholic Charities 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.
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What is the mission statement of Associated Catholic Charities?
The Associated Catholic Charities' mission is centered around providing housing solutions for elderly families, elderly individuals, and those with mental disabilities of low to moderate income. They accomplish this by purchasing, constructing, operating, and maintaining rental properties specifically for this purpose. Their operations are aligned with the non-profit objectives of Catholic Charities of the Roman Catholic Diocese of Syracuse, NY, commonly known as Catholic Charities of Broome County. The corporation also manages real estate, renting it exclusively to Catholic Charities for residential programming for developmentally disabled individuals. Furthermore, they have established an endowment fund for the non-profit activities of Catholic Charities of Broome County.
Who is the CEO of Associated Catholic Charities?
Lori Accardi is the President of Associated Catholic Charities.
What is the revenue of Associated Catholic Charities?
Associated Catholic Charities's revenue in 2022 was $987,972.
Who are the executives of Associated Catholic Charities and what are their salaries?
Here are 30 key members and their salaries:
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Where can I find the form 990 for Associated Catholic Charities?
Associated Catholic Charities's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Associated Catholic Charities
Associated Catholic Charities, a non-profit organization, is dedicated to serving the needs of elderly families, elderly individuals, and the mentally disabled with low or moderate income. Its primary mission involves the purchase, construction, operation, and maintenance of rental housing units. This mission aligns with the non-profit purposes of Catholic Charities of the Roman Catholic Diocese of Syracuse, NY, doing business as Catholic Charities of Broome County.
Beyond housing, Associated Catholic Charities also manages an endowment fund solely for the non-profit purposes of Catholic Charities of Broome County. This fund serves as a financial resource to support the organization's mission and operations. The corporation, in its property management role, rents real estate exclusively to Catholic Charities of Broome County for the operation of residential programming for developmentally disabled individuals. This comprehensive approach to housing and support enables the organization to make a significant impact on the lives of those in need.
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Impact
October, 2024
Associated Catholic Charities significantly impacts the community by providing essential housing solutions for vulnerable populations, including elderly families and individuals of low to moderate income, as well as those with developmental disabilities. By holding and managing real estate specifically for Catholic Charities of Broome County, the organization creates safe, supportive residential environments that enhance quality of life for residents.
The corporation's mission extends beyond mere housing. It also focuses on the construction, operation, and maintenance of rental properties that accommodate the specific needs of these populations, ensuring that they have access to stable living conditions. Additionally, the establishment of an endowment fund reinforces the long-term sustainability of these efforts, allowing continuous support for community programs that assist individuals facing challenges related to age or mental capabilities.
Through these initiatives, Associated Catholic Charities fosters a sense of belonging and dignity among its residents, contributing positively to the overall wellbeing of the community in Binghamton, NY. By addressing the critical housing needs of some of the most vulnerable members of the population, it plays a vital role in promoting inclusivity and support for those who may otherwise struggle to find adequate housing.
This information is meant to be a general summary of Associated Catholic Charities. 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: $76,921
- Program Service Revenue: $151,051
- Gross Receipts: $992,604
Assets and Liabilities:
- Total Assets: $9,044,600
- Total Liabilities: $37,091
- Net Assets: $9,007,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$151,051
Organization Details
Founding Year
1968
Phone
(607) 729-9166Principal Officer
Lori Accardi
Main Address
232 MAIN STREET, BINGHAMTON, NY, 13905
NTEE Category
Code: P20Z - Human services
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