Overview
What is Brownstone Gardens Ii Inc?
Brownstone Gardens II Inc is a nonprofit organization committed to offering affordable housing for low-income elderly residents. Located within their facilities, they accommodate around 32 individuals who fall under this demographic. The organization's mission is to ensure these residents have access to comfortable living quarters, and they implement various programs to achieve this objective.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Brownstone Gardens Ii Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial management. The rating is based solely on its Accountability & Finance score, which stands at 54%. While the organization excels in governance aspects such as having a fully independent board and strong conflict of interest and whistleblower policies, it struggles with financial efficiency as evidenced by its low program expense ratio of 4.09%.
The organization has demonstrated strong accountability measures, as reflected in its perfect scores for board independence and policies related to asset management and document retention. However, the liabilities to assets ratio of 1.57% and the starkly low program expense ratio raise red flags about the allocation of its resources towards its programs and impact.
In summary, while Brownstone Gardens Ii Inc shows strengths in governance and accountability, its financial performance and program spending are areas of concern that may affect its overall effectiveness and sustainability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Brownstone Gardens Ii Inc legitimate?
Brownstone Gardens Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brownstone Gardens Ii 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
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What is the mission statement of Brownstone Gardens Ii Inc?
Brownstone Gardens II, a housing facility, is dedicated to serving the needs of 32 low-income elderly residents. Its mission is to offer them affordable housing as its primary objective. The programs implemented within the organization are designed to support this purpose, aiming to enhance the living conditions of its residents.
What is the revenue of Brownstone Gardens Ii Inc?
Brownstone Gardens Ii Inc's revenue in 2023 was $0.
Who are the executives of Brownstone Gardens Ii Inc and what are their salaries?
There 9 volunteers at Brownstone Gardens Ii Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Brownstone Gardens Ii Inc?
Brownstone Gardens Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Brownstone Gardens Ii Inc
Brownstone Gardens II, a nonprofit organization, is dedicated to providing affordable housing for approximately 32 low-income elderly residents. Its mission is accomplished through a range of programs tailored to meet the needs of its residents, working tirelessly to fulfill this purpose. Brownstone Gardens II strives to create an inclusive living environment for its elderly residents, ensuring they have access to affordable housing that enhances their quality of life.
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Impact
October, 2024
Brownstone Gardens II, Inc. plays a crucial role in the East Longmeadow community by providing affordable housing for approximately 32 low-income elderly residents. By offering a stable living environment, it addresses the significant need for accessible housing options for older adults who may otherwise struggle to secure safe and affordable accommodation. The organization’s initiatives not only ensure that residents have a place to call home but also contribute to their overall well-being and independence.
The programs in place are designed to support the unique needs of elderly residents, fostering a sense of community and belonging. This impact is essential in combating issues such as social isolation and financial insecurity among seniors. By focusing on affordable housing, Brownstone Gardens II helps to enhance the quality of life for its residents, ensuring that they can live with dignity and respect in their later years.
This information is meant to be a general summary of Brownstone Gardens Ii 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 2023.
Assets and Liabilities:
- Total Assets: $885,182
- Total Liabilities: $14,550
- Net Assets: $870,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent - tenants
Organization Details
Founding Year
1985
Principal Officer
Alan Van Tassel
NTEE Category
Code: L22 - Housing
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