Overview
What is Proctor Community Housing Corporation?
Proctor Community Housing Corporation is a nonprofit organization dedicated to offering low-income residential housing opportunities. This organization's primary mission is to provide a living space for individuals and families who may not have access to such amenities otherwise. The information provided does not disclose additional details about their programs or initiatives, but it is clear that their focus lies in housing and accommodation for the less fortunate.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Proctor Community Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization achieved an overall score of 79% based solely on its accountability and finance metrics. This score reflects a strong commitment to transparency and governance, highlighted by the presence of a fully independent board and no material diversion of assets.
The nonprofit has demonstrated commendable financial practices, with a program expense ratio of 76.31%, suggesting that a significant portion of its expenditures goes directly to its programs. Additionally, it has established several policies, including conflict of interest and whistleblower policies, which further enhance its accountability framework.
However, the organization faces a notable challenge with its liabilities to assets ratio at 171.95%, indicating potential financial strain. This aspect may warrant attention and could impact the organization's long-term sustainability if not addressed. Overall, Proctor Community Housing Corporation showcases strengths in governance and program spending, while also needing to manage its financial liabilities effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Proctor Community Housing Corporation legitimate?
Proctor Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Proctor Community Housing Corporation 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 Proctor Community Housing Corporation?
Proctor Community Housing Corporation's primary mission is to provide low-income residential housing. By doing so, they aim to contribute to the housing needs of individuals and families who may not have the financial means to secure adequate housing on their own. The corporation's activities are centered around offering housing solutions, thereby promoting a sense of stability and security for its residents. While the provided information does not delve into specific details, it is implied that Proctor Community Housing Corporation is committed to making housing accessible and affordable for those in need.
Who is the CEO of Proctor Community Housing Corporation?
Kim Joyce is the President of Proctor Community Housing Corporation. The CEO's salary of Proctor Community Housing Corporation is $0 and their total compensation is $202,813.
What is the revenue of Proctor Community Housing Corporation?
Proctor Community Housing Corporation's revenue in 2023 was $70,644.
Who are the executives of Proctor Community Housing Corporation and what are their salaries?
There 3 volunteers at Proctor Community Housing Corporation.
Here are 6 key members and their salaries (Proctor Community Housing Corporation's CEO's salary is $0 and their total compensation is $202,813):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $305,996
- Other: $4,591
- Compensation: $0
- Related: $183,531
- Other: $19,282
- Compensation: $0
- Related: $162,297
- Other: $8,612
Where can I find the form 990 for Proctor Community Housing Corporation?
Proctor Community Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Proctor Community Housing Corporation
Proctor Community Housing Corporation is dedicated to providing low-income residential housing. Their mission, in essence, is to offer a living space for individuals and families who fall under this income bracket. By doing so, they contribute to the broader community by ensuring that a diverse range of people have access to stable and affordable housing. This, in turn, fosters a more inclusive and harmonious society.
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Impact
August, 2024
Proctor Community Housing Corporation provides low-income residential housing in Chelsea, MA, making a direct impact on the lives of individuals and families in need. Their mission to offer affordable housing options helps to address the issue of homelessness and housing insecurity in the community. By providing safe and stable housing opportunities, Proctor Community Housing Corporation is able to improve the overall quality of life for those they serve. Their focus on housing as a basic human right underscores the importance of their work in creating a more equitable society.
This information is meant to be a general summary of Proctor Community Housing Corporation. 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.
- Investment Income: $53
- Program Service Revenue: $70,591
- Gross Receipts: $70,644
Assets and Liabilities:
- Total Assets: $629,064
- Total Liabilities: $1,081,679
- Net Assets: -$452,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL FEES
Revenue
$70,591
Organization Details
Founding Year
2000
Phone
(617) 889-4860Principal Officer
Kim Joyce
Main Address
301 BROADWAY, CHELSEA, MA, 02150
NTEE Category
Code: L21 - Housing
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