Overview
What is Next Gen 16 Addington Road Inc?
Next Gen 16 Addington Road Inc, based in Boston, Massachusetts, is a nonprofit organization with a notable mission. It owns and manages four condominiums, specifically designed to cater to individuals with developmental disabilities. Their objective is to provide independent living spaces, enabling these individuals to live with dignity and autonomy. The organization's income from these properties is used efficiently, with the remaining funds after expenses being transferred to a related tax-exempt 501(c)(3) organization, CJP Next Generation Housing Foundation, Inc. This nonprofit's work is dedicated to improving the living conditions and empowering individuals with developmental disabilities.
Is Next Gen 16 Addington Road Inc legitimate?
Next Gen 16 Addington Road Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Next Gen 16 Addington Road 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.
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What is the mission statement of Next Gen 16 Addington Road Inc?
Next Gen 16 Addington Road Inc's primary mission is to maintain ownership of four condominiums, which serve as independent living spaces for individuals with developmental disabilities. The organization's primary objective is to generate income from these properties. After deducting expenses, the entire net income is then transferred to a related, tax-exempt organization, CJP Next Generation Housing Foundation, Inc. This transfer of funds is aimed at supporting the cause of providing independent living facilities for individuals with developmental disabilities.
Who is the CEO of Next Gen 16 Addington Road Inc?
Unavailable
What is the revenue of Next Gen 16 Addington Road Inc?
Next Gen 16 Addington Road Inc's revenue in 2022 was $65,687.
Who are the executives of Next Gen 16 Addington Road Inc and what are their salaries?
There 12 volunteers at Next Gen 16 Addington Road Inc.
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Where can I find the form 990 for Next Gen 16 Addington Road Inc?
Next Gen 16 Addington Road Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Next Gen 16 Addington Road Inc
Next Gen 16 Addington Road, a nonprofit organization, is dedicated to its primary purpose of providing independent living spaces for individuals with developmental disabilities. The organization holds the title to four condominiums, generating income from these properties. Its mission is to meticulously manage these assets, retaining the income earned after deducting expenses. The surplus income is then transferred in its entirety to a related tax-exempt 501(c)(3) organization named CJP Next Generation Housing Foundation, Inc. By doing so, Next Gen 16 Addington Road contributes significantly to the cause of providing housing opportunities for individuals with developmental disabilities.
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Impact
October, 2024
Next Gen 16 Addington Road Inc has a significant impact by providing independent living opportunities for individuals with developmental disabilities. By owning and managing four condominiums, it enables residents to live with dignity and autonomy in a supportive environment. This initiative facilitates community integration, helping individuals develop life skills, build social connections, and experience a greater quality of life.
Moreover, the organization contributes to the local community in Boston, Massachusetts, by enhancing housing options for those with disabilities. Its mission of collecting rental income and supporting a related organization further amplifies its positive influence, allowing for sustained resources and programs that benefit individuals who may otherwise face housing challenges.
In essence, Next Gen 16 Addington Road Inc plays a crucial role in promoting inclusion, independence, and community improvement for one of the most vulnerable populations, fostering a more equitable society for everyone.
This information is meant to be a general summary of Next Gen 16 Addington Road 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: $65,687
- Gross Receipts: $65,687
Assets and Liabilities:
- Total Assets: $1,018,355
- Total Liabilities: $6,997
- Net Assets: $1,011,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISABLED PERSONS RENTAL REVENUE
Revenue
$65,687
Organization Details
Founding Year
2010
Phone
(617) 457-8514Main Address
Kraft Family Building 126 High St, Boston, MA, 021102700
NTEE Category
Code: S47 - Community improvement
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