Overview
What is Taunton Developmentmassdevelopment Corporation?
Taunton Development/MassDevelopment Corporation is a nonprofit organization situated in Boston, Massachusetts. Its primary charitable purpose is to stimulate economic growth and alleviate governmental burdens by redeveloping a 220-acre property, formerly known as the Paul A. Dever School in Taunton, Massachusetts. The property, which houses around 40 dilapidated buildings and underground tunnels, underwent redevelopment initiatives starting in 2012. These initiatives involve constructing infrastructure like roads and utilities, securing permits, and selling development-ready parcels of land to companies and other entities, ultimately fostering job creation and skill development opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Taunton Development Corporation has achieved a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating is based solely on the Accountability & Finance beacon, highlighting the organization's commitment to financial management. Notably, the organization has a strong program expense ratio of 94.81%, indicating that a significant portion of its funds is directed toward its mission-focused activities.
Strengths of the organization include a majority of independent board members, with 66% independence, and a solid accountability framework demonstrated by the absence of any material diversion of assets. The board has documented meeting minutes, which contributes to transparency. However, the absence of a whistleblower policy and documentation retention and destruction guidelines are notable gaps that may raise concerns about governance practices.
While Taunton Development Corporation shows strong financial performance and accountability, the missing policies suggest areas for improvement in governance. Addressing these limitations could enhance the organization's overall rating and stakeholder trust in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Taunton Developmentmassdevelopment Corporation legitimate?
Taunton Developmentmassdevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Taunton Developmentmassdevelopment 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 Taunton Developmentmassdevelopment Corporation?
The Taunton Development/MassDevelopment Corporation's primary charitable purpose is to foster economic growth and alleviate governmental burdens. This is achieved by redeveloping a piece of land that was part of the former Paul A. Dever School. The corporation's mission is to revitalize this land, which comprises approximately 220 acres with around 40 dilapidated buildings and underground tunnels, by constructing necessary infrastructure such as roads and utilities, obtaining permits, and selling development-ready parcels of land to businesses and other entities. This process aims to stimulate job creation and provide opportunities for job training and skills development.
Who is the CEO of Taunton Developmentmassdevelopment Corporation?
Tania Hartford is the Director/President (As Of 03/2022) of Taunton Developmentmassdevelopment Corporation.
What is the revenue of Taunton Developmentmassdevelopment Corporation?
Taunton Developmentmassdevelopment Corporation's revenue in 2022 was $536,029.
Who are the executives of Taunton Developmentmassdevelopment Corporation and what are their salaries?
There 4 volunteers at Taunton Developmentmassdevelopment Corporation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $223,771
- Other: $52,047
- Compensation: $0
- Related: $217,383
- Other: $46,471
- Compensation: $0
- Related: $193,498
- Other: $27,876
- Compensation: $0
- Related: $169,024
- Other: $22,716
- Compensation: $0
- Related: $81,673
- Other: $30,933
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $142,347
- Other: $41,754
Where can I find the form 990 for Taunton Developmentmassdevelopment Corporation?
Taunton Developmentmassdevelopment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Taunton Developmentmassdevelopment Corporation
Taunton Development/MassDevelopment Corporation, a non-profit organization, is dedicated to promoting economic development and alleviating governmental burdens. Its primary charitable purpose revolves around redeveloping land that was once part of the former Paul A. Dever School in Taunton, Massachusetts. The corporation aims to transform this 220-acre property, which includes around 40 dilapidated buildings and underground tunnels, into a development-ready site. The redevelopment process involves constructing roads, installing utility infrastructure, obtaining necessary permits, and selling parcels of land to companies and other entities. This initiative is intended to foster job creation and provide opportunities for job training and skills development.
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Impact
July, 2024
Taunton Development/MassDevelopment Corporation's impact lies in promoting economic development and alleviating the burdens of government through the redevelopment of land that was formerly part of the Paul A. Dever School in Taunton, Massachusetts. The corporation owns and is redeveloping approximately 220 acres of property, which includes about 40 dilapidated buildings and underground tunnels. Since the initiation of redevelopment work in fiscal year 2012, the focus has been on building roads and utilities infrastructure, obtaining permits, and selling development-ready parcels of land to companies and others. This process aims to generate job creation, as well as job training and skills development opportunities in the area. By transforming this underutilized space into a hub for economic activity, Taunton Development/MassDevelopment Corporation is contributing to community improvements and facilitating growth in the region.
This information is meant to be a general summary of Taunton Developmentmassdevelopment 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 2022.
- Gross Receipts: $536,029
Assets and Liabilities:
- Total Assets: $10,030,018
- Total Liabilities: $249,213
- Net Assets: $9,780,805
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Organization Details
Founding Year
2011
Phone
(617) 330-2000Principal Officer
Tania Hartford
Main Address
99 HIGH STREET, BOSTON, MA, 02110
NTEE Category
Code: S99 - Community improvement
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