Overview
What is Union Congregational Church Homes Inc?
Union Congregational Church Homes Inc, located in Weymouth, Massachusetts, is a dedicated nonprofit organization focusing on providing quality, dignified housing and related support services for low-income elderly individuals. Operated under the regulation of the U.S. Department of Housing & Urban Development, the organization houses approximately 200 elderly residents in a project that caters specifically to their physical, social, and psychological needs. The mission of Union Congregational Church Homes Inc is to contribute to the elderly's health, security, happiness, and usefulness in longer living, offering rental housing and facilities that are tailored to their unique needs on a non-discriminatory, non-profit basis. With a workforce of 18 dedicated individuals, the organization aims to enhance the quality of life for its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Union Congregational Church Homes Inc has received a 79% rating from Charity Navigator, indicating a Three-Star rating. This score reflects a strong emphasis on accountability and finance, as all points in the overall score are derived from this single beacon. The organization exhibits a high level of transparency and governance, with a fully independent board and robust financial oversight mechanisms in place.
The strengths of the organization include a perfect score in several key areas such as independent board membership, material diversion of assets, and comprehensive financial policies, all of which demonstrate a commitment to ethical management and accountability. Additionally, the program expense ratio is quite favorable, with nearly 90% of expenses directed toward programs, suggesting an effective allocation of resources.
However, the organization does face limitations, particularly with its liabilities to assets ratio, which scored 0 out of 15 points. This indicates potential concerns regarding the management of financial obligations relative to assets. Overall, while the organization shows strong governance and financial responsibility, attention may be needed to improve its financial health metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Union Congregational Church Homes Inc legitimate?
Union Congregational Church Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Congregational Church Homes 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: $97,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $482,643
For more financial information, click here
What is the mission statement of Union Congregational Church Homes Inc?
Union Congregational Church Homes Inc's mission is centered around providing quality, dignified housing and related support services to low-income elderly individuals. They strive to offer elderly families and individuals a non-discriminatory, non-profit housing and related facilities and services, specifically designed to cater to the physical, social, and psychological needs of the elderly. This mission aims to contribute positively to their health, security, happiness, and usefulness in longer living. Union Congregational Church Homes Inc operates a 200-unit housing project for the low-income elderly, regulated by the U.S. Department of Housing & Urban Development.
Who is the CEO of Union Congregational Church Homes Inc?
Ronald Gates is the President of Union Congregational Church Homes Inc.
What is the revenue of Union Congregational Church Homes Inc?
Union Congregational Church Homes Inc's revenue in 2022 was $5,052,958.
Who are the executives of Union Congregational Church Homes Inc and what are their salaries?
The average compensation at Union Congregational Church Homes Inc during 2022 was $32,218. There are 18 employees at Union Congregational Church Homes Inc.
Here are 11 key members and their salaries:
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- Compensation: $78,970
- Related: $29,649
- Other: $28,879
Where can I find the form 990 for Union Congregational Church Homes Inc?
Union Congregational Church Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Union Congregational Church Homes Inc
Union Congregational Church Homes Inc is dedicated to providing high-quality, dignified housing and related support services to low-income elderly individuals. Their mission is rooted in the belief that every elderly person deserves a safe and nurturing environment that caters to their physical, social, and psychological needs. The organization operates on a non-discriminatory, non-profit basis, providing elderly families with rental housing and facilities specifically designed to enhance their health, security, happiness, and overall well-being in their later years. By offering these services, Union Congregational Church Homes Inc aims to contribute positively to the elderly's ability to live longer and more fulfilling lives. The organization is regulated by the U.S. Department of Housing & Urban Development, overseeing a 200-unit housing project for this demographic.
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Impact
October, 2024
Union Congregational Church Homes Inc significantly impacts the community by providing quality, dignified housing and related support services to low-income elderly individuals and families. The organization operates a 200-unit housing project in Weymouth, MA, which is regulated by the U.S. Department of Housing and Urban Development. This initiative ensures access to safe and affordable living spaces tailored specifically for the elderly population.
The mission focuses on meeting the physical, social, and psychological needs of older adults, fostering an environment that enhances their health, security, and overall well-being. By offering rental housing and a variety of related facilities and services, Union Congregational Church Homes Inc plays a vital role in improving the quality of life for its residents, promoting happiness and purpose in their daily lives. Through these efforts, the organization contributes to the empowerment and dignity of low-income elderly individuals, allowing them to lead fulfilling lives in a supportive community setting.
This information is meant to be a general summary of Union Congregational Church Homes 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: $51,274
- Program Service Revenue: $4,999,694
- Gross Receipts: $5,052,958
Assets and Liabilities:
- Total Assets: $42,573,444
- Total Liabilities: $35,501,249
- Net Assets: $7,072,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT - LOW INCOME
Revenue
$4,864,840
RENT - COMMERCIAL
Revenue
$130,866
OTHER TENANT CHARGES
Revenue
$3,988
Organization Details
Founding Year
1972
Phone
(781) 335-2667Principal Officer
Ronald Gates
Main Address
95 BROAD STREET SUITE 1100, WEYMOUTH, MA, 02188
NTEE Category
Code: L22 - Housing
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