Overview
What is Boston Homeowner Services Collaborative Inc?
Boston Homeowner Services Collaborative Inc. is a nonprofit organization situated in Dorchester, Massachusetts, aiming to foster cooperation among various elements of Boston to combat the deterioration of city neighborhoods. Their primary mission involves providing affordable housing loans, contributing to the revitalization of local communities. The collaborative's efforts aim to encourage unity and collective action in addressing the decline and decay of Boston's neighborhoods, ultimately promoting a more vibrant and sustainable living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Boston Homeowner Services Collaborative Inc has achieved an impressive 94% rating, highlighting its strong performance in accountability and finance. This score is derived entirely from a single beacon score, emphasizing the organization’s commitment to financial transparency and responsible management. The charity has demonstrated a solid grasp on governance, indicated by its 100% independent board members and robust policies in place, such as conflict of interest and whistleblower protections.
The organization also boasts a remarkable program expense ratio of 91.44%, signifying that a significant portion of its funds are directed towards its mission rather than administrative costs. Additionally, there are no noted liabilities, which further underscores its financial health and stability. The presence of well-documented board meeting minutes and strict policies for document retention adds to its credibility and operational transparency.
However, while the financial metrics are exemplary, the data does not provide insights into the organization’s programmatic impact or the communities it serves. Evaluating the effectiveness of its services and long-term outcomes could provide a more comprehensive understanding of its overall contribution to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Homeowner Services Collaborative Inc legitimate?
Boston Homeowner Services Collaborative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Homeowner Services Collaborative 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 Boston Homeowner Services Collaborative Inc?
Boston Homeowner Services Collaborative Inc, as a nonprofit organization, aims to foster collaborative efforts among diverse elements within Boston, Massachusetts. The primary objective is to combat the decline and decay of neighborhoods within the city. By encouraging cooperation, the organization strives to address the issues facing these communities and promote their improvement and revitalization. The organization provides programs such as affordable housing lending, further demonstrating its commitment to neighborhood development.
Who is the CEO of Boston Homeowner Services Collaborative Inc?
Daryl Wright is the President of Boston Homeowner Services Collaborative Inc. The CEO's salary of Boston Homeowner Services Collaborative Inc is $0 and their total compensation is $199,059.
What is the revenue of Boston Homeowner Services Collaborative Inc?
Boston Homeowner Services Collaborative Inc's revenue in 2022 was $23,923.
Who are the executives of Boston Homeowner Services Collaborative Inc and what are their salaries?
There 3 volunteers at Boston Homeowner Services Collaborative Inc.
Here are 11 key members and their salaries (Boston Homeowner Services Collaborative Inc's CEO's salary is $0 and their total compensation is $199,059):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $168,024
- Other: $31,035
- Compensation: $0
- Related: $207,692
- Other: $49,351
- Compensation: $0
- Related: $177,500
- Other: $36,431
- Compensation: $0
- Related: $64,356
- Other: $20,130
- Compensation: $0
- Related: $180,000
- Other: $40,320
- Compensation: $0
- Related: $101,363
- Other: $24,748
- Compensation: $0
- Related: $125,000
- Other: $47,454
- Compensation: $0
- Related: $125,000
- Other: $47,274
Where can I find the form 990 for Boston Homeowner Services Collaborative Inc?
Boston Homeowner Services Collaborative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boston Homeowner Services Collaborative Inc
Boston Homeowner Services Collaborative, Inc. is a nonprofit organization with a mission to encourage collaboration among diverse elements of Boston, Massachusetts, with the aim of combating the decline and decay in the city's neighborhoods. This mission is accomplished by fostering cooperative efforts to address the challenges facing these communities. The organization does not provide specific details about the programs or initiatives it implements, but it is known for offering affordable housing lending from its location in Dorchester, MA. This suggests that Boston Homeowner Services Collaborative, Inc. focuses on improving housing conditions and promoting community development within Boston's neighborhoods.
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Impact
August, 2024
Boston Homeowner Services Collaborative Inc's impact can be seen in the improvement and revitalization of neighborhoods in Boston, Massachusetts. Through its cooperative efforts and programs, the organization has successfully combated the decline and decay of communities within the city. By providing affordable housing lending and other services, Boston Homeowner Services Collaborative Inc has played a significant role in promoting sustainable and inclusive development in Dorchester, MA, and beyond.
This information is meant to be a general summary of Boston Homeowner Services Collaborative 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.
- Program Service Revenue: $17
- Gross Receipts: $23,923
Assets and Liabilities:
- Total Assets: $571,377
- Total Liabilities: $0
- Net Assets: $571,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE LOAN INTEREST
Revenue
$17
Organization Details
Founding Year
1974
Phone
(617) 825-4200Principal Officer
Daryl Wright
Main Address
CO DBEDC 594 COLUMBIA ROAD, DORCHESTER, MA, 02125
NTEE Category
Code: L200 - Housing
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