Overview
What is Joyce A And James R Reed?
Joyce A and James R Reed are a nonprofit organization that dedicates its efforts to alleviating hardships for underprivileged individuals. Their mission is twofold, encompassing both the provision of affordable housing and the dissemination of educational resources. By offering low-income housing, they contribute to the betterment of those in financial distress, providing them with a stable living environment. Simultaneously, they invest in educational resources, which ultimately aim to uplift the less fortunate and broaden their opportunities for a more prosperous future.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating. This rating indicates that Joyce A And James R Reed has demonstrated a moderate level of financial health and accountability in its operations. The score is derived solely from its accountability and finance metrics, highlighting a focus on ensuring good governance and responsible management of resources.
The organization showcases strong points, including a fully independent board and a high program expense ratio of 84.51%, indicating that a significant portion of its funds is directed towards its programs rather than administrative expenses. Additionally, the charity has no reported material diversion of assets and maintains thorough documentation of board meeting minutes, affirming its commitment to transparency.
However, the charity does have room for improvement, particularly in its liabilities to assets ratio, which stands at 58.76%. This metric suggests that the organization may have a higher level of liabilities compared to its assets, which could pose financial risks. Overall, while Joyce A And James R Reed shows strengths in governance and program spending, potential donors should consider its financial leverage when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Joyce A And James R Reed legitimate?
Joyce A And James R Reed is a legitimate nonprofit organization registered as a 501(c)(3) entity. Joyce A And James R Reed 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.
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What is the mission statement of Joyce A And James R Reed?
Joyce A and James R Reed's organization is committed to alleviating hardships faced by underprivileged individuals. They achieve this by providing affordable housing and educational resources. Their mission is to extend aid to those in distress, the poor, and those less fortunate, ensuring they have access to essential living and learning facilities. By offering low-income housing and educational resources, they strive to contribute positively to their community and improve the lives of those in need.
Who is the CEO of Joyce A And James R Reed?
Melvin H King is the Treasurer of Joyce A And James R Reed.
What is the revenue of Joyce A And James R Reed?
Joyce A And James R Reed's revenue in 2021 was $60,504.
Who are the executives of Joyce A And James R Reed and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Joyce A And James R Reed?
Joyce A And James R Reed's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Joyce A And James R Reed
Joyce A and James R Reed, a nonprofit organization, is dedicated to providing relief to individuals who are economically disadvantaged, distressed, or underprivileged. They accomplish this mission by offering two primary resources: low-income housing and educational resources. By doing so, the organization aims to make a significant impact on the lives of those in need, offering them a chance to improve their circumstances. The nonprofit's mission is to provide a helping hand to the less fortunate, ensuring they have access to essential living spaces and the tools for education, thereby fostering their overall well-being.
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Impact
August, 2024
The impact of Joyce A and James R Reed is profound in providing relief to the poor, distressed, and underprivileged individuals in Boston, MA. Through their initiative, they offer low-income housing and educational resources to those in need. Their mission to alleviate suffering and empower vulnerable communities through housing and education highlights their dedication to creating a better future for those facing adversity. Joyce A and James R Reed's work undoubtedly leaves a lasting positive impact on the lives of many individuals in need.
This information is meant to be a general summary of Joyce A And James R Reed. 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 2021.
- Program Service Revenue: $50,000
- Gross Receipts: $60,504
Assets and Liabilities:
- Total Assets: $1,885,284
- Total Liabilities: $1,065,250
- Net Assets: $820,034
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
20 RUTLAND SQUARE
Revenue
$50,000
Organization Details
Founding Year
2010
Phone
(617) 578-0597Principal Officer
Melvin H King
Main Address
20 RUTLAND SQUARE, BOSTON, MA, 02118
NTEE Category
Code: L20 - Housing
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