Overview
What is Just-A-Start Corporation?
Just-A-Start Corporation is a nonprofit organization situated in Cambridge, Massachusetts. With a strong commitment to promoting equity, they focus on providing stable housing and creating paths to economic opportunity. They have developed and manage 621 affordable apartments in Cambridge and Somerville, accommodating approximately 1,500 individuals who might otherwise struggle to afford housing in these costly, high-opportunity cities. The organization also has a development pipeline for an additional 250 affordable apartments, planned for construction within the next 4-5 years. Furthermore, Just-A-Start Corporation aims to make homeownership accessible for moderate-income households by developing 130 homeownership units. They also manage the preservation, rehabilitation, and resale of affordable units to ensure long-term availability of affordable condominiums in Cambridge for moderate-income residents. With a total of 62 employees, this dedicated organization continues to contribute to the community by offering affordable housing solutions.
Official website here: www.justastart.org
What are the reviews and ratings of this charity?
Just-A-Star out of Four Starst Corporation has received an impressive Four-Star rating from Charity Navigator, with an overall score of 93%, signifying strong performance in several critical areas. A significant highlight is the Accountability & Finance score of 85, indicating robust financial practices and governance. The independence and size of the board, along with comprehensive policies like conflict of interest and whistleblower protection, underscore a commitment to transparency and accountability.
The organization exhibits a high program expense ratio of 82.80%, reflecting efficient use of funds towards its mission of increasing housing stability and supporting economic resiliency. Notably, Just-A-Start demonstrates excellence in its impact and community scores, each at 100. Its strategic goals are attuned to real community needs, underscoring its significant positive impact on beneficiaries. Investment in leadership development further supports its adaptability and sustainability.
Despite a few areas for potential improvement, such as the liabilities to assets and fundraising efficiency ratios, Just-A-Start Corporation maintains overall financial health and a mission-focused approach. Its commitment to leadership and community engagement positions it as a respected nonprofit in its field, with clear strategic objectives aimed at enhancing its societal contributions.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Just-A-Start Corporation?
4 reviews have been submitted on Facebook for Just-A-Start Corporation, but no ratings have been established yet. The comments reflect a concerning sentiment regarding the building management, specifically highlighting difficulties related to cleanup requests from the city. One reviewer explicitly stated their view that they would not recommend the organization based on their experience.
The overall impression from this limited feedback points to dissatisfaction with operational aspects of the nonprofit. There seems to be a significant need for improvement in how building management is handled, indicating that the organization might not be meeting expectations in this area.
Given the limited number of reviews, it's challenging to draw a comprehensive picture, but this feedback suggests that stakeholders may want to address these management issues to enhance their service delivery and community reputation.
This AI summary has been generated from reviews found on Facebook.
Is Just-A-Start Corporation legitimate?
Just-A-Start Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Just-A-Start 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: $196,509
Professional Fundraising Fees: $69,832
Other Salaries and Wages: $3,381,211
For more financial information, click here
Official website here: www.justastart.org
What is the mission statement of Just-A-Start Corporation?
Just-A-Start Corporation aims to promote equity by providing access to stable housing and creating opportunities for economic advancement. Through real estate development, they have constructed and manage over 1,500 affordable apartments in expensive cities, housing individuals who might otherwise struggle to afford housing. In addition, they have a pipeline of 250 more affordable apartments in development, scheduled for completion within the next 4-5 years. Furthermore, the corporation assists moderate-income households in realizing homeownership by developing 130 ownership units. They also manage the preservation, renovation, and resale of affordable units to ensure future access to affordable condominiums for low-income residents in Cambridge.
Official website here: www.justastart.org
Who is the CEO of Just-A-Start Corporation?
Carl Nagy-Koechlin is the President of Just-A-Start Corporation.
Official website here: www.justastart.org
What is the revenue of Just-A-Start Corporation?
Just-A-Start Corporation's revenue in 2022 was $11,435,335.
Official website here: www.justastart.org
Who are the executives of Just-A-Start Corporation and what are their salaries?
The average compensation at Just-A-Start Corporation during 2022 was $57,705. There are 62 employees and 101 volunteers at Just-A-Start Corporation.
Here are 25 key members and their salaries:
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Official website here: www.justastart.org
Where can I find the form 990 for Just-A-Start Corporation?
Just-A-Start Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.justastart.org
Learn more at the official website: www.justastart.org
Mission Statement of Just-A-Start Corporation
Just-A-Start Corporation, a nonprofit organization, is dedicated to promoting equity by creating access to stable housing and building pathways to economic opportunity. This mission is carried out in various ways. Firstly, the corporation develops and operates affordable apartments, currently housing approximately 1,500 individuals who might otherwise struggle to afford housing in expensive and high-opportunity cities. In addition to this, Just-A-Start Corporation has a development pipeline with an anticipated 250 new affordable apartments set to be constructed within the next 4-5 years.
Furthermore, the organization's commitment to economic opportunity extends to homeownership. Just-A-Start Corporation has developed 130 ownership units, making it a reality for moderate-income households. The corporation also manages the preservation, rehabilitation, and resale of affordable units to ensure future access to affordable condominiums in Cambridge for moderate-income residents. By promoting equity through stable housing and economic opportunities, Just-A-Start Corporation is working towards a more equitable society.
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Impact
October, 2024
Just-A-Start Corporation significantly impacts the communities of Cambridge and Somerville by promoting equity through stable housing and creating pathways to economic opportunity. The organization has developed and continues to own and operate 621 affordable apartments, providing housing for approximately 1,500 residents who might otherwise struggle to afford living in these high-cost areas.
In addition to its current properties, Just-A-Start has an ambitious pipeline with plans to develop 250 new affordable apartments in the next 4-5 years. This expansion will further enhance access to affordable housing for those in need.
The organization also facilitates first-time homeownership for moderate-income households, having developed 130 homeownership units. Furthermore, Just-A-Start is committed to the preservation, rehabilitation, and resale of affordable units, ensuring that moderate-income residents maintain access to decent and affordable condominiums in Cambridge. Through these efforts, Just-A-Start plays a vital role in strengthening community ties and fostering economic stability in the region.
This information is meant to be a general summary of Just-A-Start 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: $343,593
- Program Service Revenue: $1,920,518
- Gross Receipts: $12,365,932
Assets and Liabilities:
- Total Assets: $49,969,547
- Total Liabilities: $34,483,461
- Net Assets: $15,486,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$1,097,977
MANAGEMENT AND SERVICE FEES
Revenue
$638,363
RENTAL INCOME
Revenue
$184,178
Organization Details
Founding Year
1970
Phone
(617) 494-0444Principal Officer
Carl Nagy-Koechlin
Main Address
1035 CAMBRIDGE STREET 12, CAMBRIDGE, MA, 02141
Website
www.justastart.orgNTEE Category
Code: S200 - Community improvement
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