Overview
What is The Association's Second Property Inc?
The Association's Second Property Inc, located in Springfield, Massachusetts, is a nonprofit organization that focuses on providing housing and support services for adults with disabilities. Their mission is to offer long-term housing facilities and specialized care tailored to meet the physical, social, and psychological needs of these individuals. Their aim is to enhance their health, security, happiness, and overall well-being. To achieve this, they offer 24-hour live-in programming, ensuring round-the-clock assistance and care. The organization is dedicated to addressing the unique needs of this community, thus promoting their independence and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Star rating).
The Association's Second Property Inc has received a rating of 61%, indicating some strengths in its accountability and finance practices. Notably, the organization has a fully independent board, which is seen as a positive aspect for governance. Additionally, there are no reported material diversions of assets, and the organization's website is properly listed on its tax form, contributing positively to its transparency metrics.
However, the nonprofit faces significant limitations, particularly due to missing key policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, all of which detract from its overall accountability score. Furthermore, the liabilities to assets ratio is concerning at 152.26%, which indicates potential financial issues that could impact its operations. Despite a strong program expense ratio of 84.39%, these weaknesses suggest that potential donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Association's Second Property Inc legitimate?
The Association's Second Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Association's Second Property 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 The Association's Second Property Inc?
The Association's Second Property Inc's mission is centered around providing housing for low-income adults with disabilities. Their primary objective is to establish housing facilities that cater specifically to the physical, social, and psychological needs of these individuals. The aim is to enhance their health, security, happiness, and overall usefulness in extended living. Moreover, they offer supportive services designed to promote their well-being. The organization goes beyond just providing housing; they also offer 24-hour live-in programming for developmentally disabled individuals to ensure comprehensive care.
Who is the CEO of The Association's Second Property Inc?
Andrew Caires is the President (Until 03/22) of The Association's Second Property Inc.
What is the revenue of The Association's Second Property Inc?
The Association's Second Property Inc's revenue in 2022 was $51,736.
Who are the executives of The Association's Second Property Inc and what are their salaries?
There 5 volunteers at The Association's Second Property Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $201,264
- Other: $9,726
- Compensation: $0
- Related: $126,862
- Other: $26,673
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Association's Second Property Inc?
The Association's Second Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Association's Second Property Inc
The Association's Second Property Inc is dedicated to providing housing for adults with disabilities who have low incomes. Their mission is to go beyond offering just residential facilities; they strive to create housing environments that cater to the physical, social, and psychological needs of these individuals. This holistic approach aims to promote their health, security, happiness, and overall usefulness in their longer lives. The organization also provides supportive services specifically designed for these individuals, ensuring they live comfortably and with a sense of purpose. Furthermore, The Association's Second Property Inc offers satellite residential services, including 24-hour live-in programming for developmentally disabled individuals. These services aim to support their personal growth and development, contributing to their overall well-being.
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Impact
August, 2024
The Association's Second Property Inc has a significant impact on providing housing for low-income adults with disabilities in Springfield, MA. Their mission is to offer housing facilities for very low-income adults with disabilities and provide supportive services tailored to meet their physical, social, and psychological needs. By offering twenty-four-hour live-in programming for developmentally disabled individuals, the organization promotes the health, security, happiness, and usefulness of these individuals in long-term living. This initiative contributes to enhancing the quality of life for this underserved population and ensuring they have access to safe and supportive housing.
This information is meant to be a general summary of The Association's Second Property 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: $16
- Program Service Revenue: $44,506
- Gross Receipts: $51,736
Assets and Liabilities:
- Total Assets: $651,682
- Total Liabilities: $932,198
- Net Assets: -$280,516
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$44,506
Organization Details
Founding Year
2009
Phone
(413) 732-0531Principal Officer
Andrew Caires
Main Address
220 BROOKDALE DRIVE, SPRINGFIELD, MA, 01104
NTEE Category
Code: L20 - Housing
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