Overview
What is Cathedral Green Inc?
Cathedral Green Inc is a nonprofit organization based in Hartford, Connecticut, specifically at 839-841 Asylum Avenue, 06105. Their primary mission is to provide housing and support services to families in need, who are struggling with various forms of abuse. They are currently renovating a school building into 28 family living units, aiming to provide subsidized housing for homeless families of low income. The organization also offers social services to assist these families in overcoming substance and/or physical abuse, ultimately helping them to achieve better socio-economic outcomes. In essence, Cathedral Green Inc is dedicated to improving the living conditions and well-being of disadvantaged families in Hartford, Connecticut.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (49% score)
Cathedral Green Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 49% overall, with its rating derived solely from the accountability and finance beacon. While it received full points for having a majority of independent board members and for documenting board meeting minutes, serious issues were noted in areas such as its liabilities to assets ratio and the absence of key policies.
One notable strength is the charity’s adherence to governance standards, as evidenced by its fully independent board and the lack of material diversion of assets. However, the high liabilities to assets ratio of 238.45% raises red flags regarding financial health and sustainability. Additionally, the nonprofit has not made essential documents, such as its tax form, available on its website, which further impacts transparency.
The absence of critical policies like conflict of interest and whistleblower protections, combined with missing data regarding key personnel salaries, highlights a lack of comprehensive governance practices. Overall, Cathedral Green Inc shows potential in certain governance areas but needs substantial improvements in financial management and transparency to enhance its trustworthiness and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cathedral Green Inc legitimate?
Cathedral Green Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral Green 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: $62,044
For more financial information, click here
What is the mission statement of Cathedral Green Inc?
Cathedral Green Inc's mission is centered around providing supportive and affordable housing for families in need, specifically those struggling with substance and/or physical abuse. The aim is to lease and improve a 28-unit apartment complex to offer a safe living environment. Alongside housing, the organization provides essential social services to assist these families in overcoming their challenges, ultimately helping them to improve their socio-economic outcomes. The mission of Cathedral Green Inc is geared towards offering a chance for disadvantaged families to regain stability and gradually enhance their lives.
Who is the CEO of Cathedral Green Inc?
Richard Braam is the President of Cathedral Green Inc.
What is the revenue of Cathedral Green Inc?
Cathedral Green Inc's revenue in 2022 was $469,906.
Who are the executives of Cathedral Green Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Cathedral Green Inc?
Cathedral Green Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cathedral Green Inc
Cathedral Green Inc, a nonprofit organization, is dedicated to renovating a school building into 28 family living units. This initiative aims to provide subsidized housing to homeless families of low income who are battling substance and/or physical abuse. The mission of Cathedral Green Inc extends beyond mere housing, as it also offers supportive social services to the residents. These services are designed to help disadvantaged families overcome their challenges and strive for better socio-economic outcomes. The organization's goal is to lease and improve this 28-unit apartment complex in an effort to offer affordable and supportive housing, thereby providing a safe and nurturing environment for families in dire need.
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Impact
July, 2024
Cathedral Green Inc's impact revolves around renovating a school building into 28 family living units for homeless families of low income. Their goal is to offer subsidized housing and social services to assist disadvantaged families residing there to overcome substance and/or physical abuse, enabling them to have a chance of gaining better socio-economic outcomes. Their mission focuses on providing housing for families in dire need and struggling with various forms of abuse in Hartford, CT. Through their efforts, Cathedral Green Inc is creating a supportive environment that aims to empower these families and help them rebuild their lives.
This information is meant to be a general summary of Cathedral Green 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: $6,872
- Program Service Revenue: $449,105
- Gross Receipts: $469,906
Assets and Liabilities:
- Total Assets: $5,074,690
- Total Liabilities: $12,101,101
- Net Assets: -$7,026,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$449,105
Organization Details
Founding Year
2006
Phone
(860) 541-6491Principal Officer
Richard Braam
Main Address
839-841 ASYLUM AVENUE, HARTFORD, CT, 06105
NTEE Category
Code: X22 - Religion related
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