Overview
What is Lucy Stone Community Cooperative Inc?
Lucy Stone Community Cooperative Inc is a nonprofit organization dedicated to fostering a diverse community that upholds justice. Based on the principles of Unitarian Universalism, they promote cooperative homeownership as a means to provide affordable housing and shared resources to eligible residents. The cooperative environment encourages faithfulness and mutual support among its members, creating a close-knit community. The organization's mission is to cultivate this environment, promoting a sense of unity and justice within their community.
Official website here: www.uucommunitycoops.org/lsc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Lucy Stone Community Cooperative Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are notable areas for improvement. The accountability and finance score of 68 reflects a mixed performance in transparency and governance practices, particularly with missing policies related to whistleblower protections and document retention.
On the positive side, the organization boasts a fully independent board with 10 out of 10 points for majority independent board members, highlighting strong governance practices. Additionally, they have a solid program expense ratio of 76.56%, demonstrating a commitment to allocating funds effectively towards their mission-driven activities.
However, the charity faces challenges related to financial stability, as indicated by a liabilities to assets ratio of 79.70%, which raises concerns about its fiscal health. Overall, while Lucy Stone Community Cooperative Inc shows promise with its governance and program expenditures, it needs to address its missing policies and financial vulnerabilities to enhance its rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Lucy Stone Community Cooperative Inc legitimate?
Lucy Stone Community Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lucy Stone Community Cooperative Inc submitted a form 990EZ, 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.
Official website here: www.uucommunitycoops.org/lsc
What is the mission statement of Lucy Stone Community Cooperative Inc?
Lucy Stone Community Cooperative Inc's mission is to foster a diverse community, rooted in justice, by embodying the principles of Unitarian Universalism through cooperative homeownership. Eligible residents benefit from affordable housing, shared resources, faithfulness, and support within this community. The cooperative's objective is to provide an affordable living option while upholding the values and traditions of Unitarian Universalism.
Official website here: www.uucommunitycoops.org/lsc
Who is the CEO of Lucy Stone Community Cooperative Inc?
Jennifer Horan is the President of Lucy Stone Community Cooperative Inc.
Official website here: www.uucommunitycoops.org/lsc
What is the revenue of Lucy Stone Community Cooperative Inc?
Lucy Stone Community Cooperative Inc's revenue in 2022 was $67,007.
Official website here: www.uucommunitycoops.org/lsc
Who are the executives of Lucy Stone Community Cooperative Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.uucommunitycoops.org/lsc
Where can I find the form 990EZ for Lucy Stone Community Cooperative Inc?
Lucy Stone Community Cooperative Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.uucommunitycoops.org/lsc
Learn more at the official website: www.uucommunitycoops.org/lsc
Mission Statement of Lucy Stone Community Cooperative Inc
Lucy Stone Community Cooperative, a nonprofit organization, is committed to fostering a diverse community grounded in justice. They achieve this by embracing the principles and traditions of Unitarian Universalism through cooperative home ownership. Eligible residents benefit from this cooperative living arrangement, enjoying affordable housing, shared resources, and a sense of community and support. The cooperative's mission is to provide a space where individuals can live harmoniously, upholding the values of faithfulness and mutual aid.
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Impact
August, 2024
Lucy Stone Community Cooperative Inc's impact lies in cultivating a diverse community centered in justice through cooperative home ownership. By living the values and traditions of Unitarian Universalism, the cooperative provides eligible residents with affordable housing and shared resources, leading to a supportive and faithful environment. This initiative in Roxbury, MA, not only offers housing but also fosters a sense of community and social justice, making a tangible difference in the lives of individuals and families.
This information is meant to be a general summary of Lucy Stone Community Cooperative 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: $66,068
- Gross Receipts: $67,007
Assets and Liabilities:
- Total Assets: $499,598
- Total Liabilities: $400,935
- Net Assets: $98,663
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Organization Details
Phone
(617) 949-6125Principal Officer
Jennifer Horan
Main Address
28 MORELAND ST, ROXBURY, MA, 021192383
Website
www.uucommunitycoops.org/lscNTEE Category
Code: L20 - Housing
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