Overview
What is The Association's Fourth Property Inc?
The Association's Fourth Property Inc is a nonprofit organization situated in Springfield, Massachusetts, specifically at 220 Brookdale Drive. Their primary mission is to provide housing and supportive services for adults with disabilities who have low incomes. This includes twenty-four-hour live-in programming designed to cater to their physical, social, and psychological needs, aiming to improve their health, security, happiness, and overall usefulness in their longer lives. By offering these accommodations and services, the organization strives to enhance the well-being of individuals with disabilities, enabling them to live independently and with dignity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, earning a Two-Star out of Four Star rating. The rating reflects the organization's performance in accountability and finance, highlighting both strengths and areas that need improvement. The two-star rating suggests that while the organization demonstrates some responsible practices, there are significant concerns regarding its financial management and governance policies.
Strengths include the organization's full compliance with independent board member requirements and the absence of material diversion of assets, indicating a commitment to ethical practices. Additionally, the organization has a strong program expense ratio of 82.89%, which suggests that a substantial portion of its resources is directed towards its stated mission rather than administrative costs. However, the lack of a conflict of interest policy, whistleblower protection, and document retention policies indicates areas where governance could be strengthened.
On the financial side, the organization faces notable challenges, as evidenced by its high liabilities to assets ratio of 131.26%. This figure raises concerns about financial stability and the capacity to meet obligations. Furthermore, the absence of tax documents on the nonprofit's website may hinder transparency and accountability, which are vital for building public trust. Overall, while The Association's Fourth Property Inc shows potential in some areas, significant improvements are necessary for enhanced accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is The Association's Fourth Property Inc legitimate?
The Association's Fourth Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Association's Fourth Property 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.
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 The Association's Fourth Property Inc?
The Association's Fourth Property Inc is committed to providing housing facilities for very low-income adults with disabilities. Their mission extends beyond just providing a place to live, as they also offer supportive services specifically designed to address the physical, social, and psychological needs of these individuals. The aim is to promote their health, security, happiness, and usefulness in longer living. The organization provides satellite residential services, offering 24-hour live-in programming for developmentally disabled individuals to ensure their well-being and overall quality of life.
Who is the CEO of The Association's Fourth Property Inc?
Andrew Caires is the President (Until 03/22) of The Association's Fourth Property Inc.
What is the revenue of The Association's Fourth Property Inc?
The Association's Fourth Property Inc's revenue in 2022 was $44,811.
Who are the executives of The Association's Fourth Property Inc and what are their salaries?
There 5 volunteers at The Association's Fourth Property Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $201,264
- Other: $9,726
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- Related: $126,862
- Other: $26,673
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Association's Fourth Property Inc?
The Association's Fourth Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Association's Fourth Property Inc
The Association's Fourth Property Inc, a nonprofit organization, is dedicated to providing housing for low-income adults with disabilities. Their mission is threefold: firstly, they aim to offer housing facilities that cater to the unique physical, social, and psychological needs of these individuals. Secondly, they strive to promote their health, security, happiness, and usefulness in longer living. Lastly, they provide supportive services specifically designed to enhance their overall well-being. This mission is carried out through their satellite residential services, which offer round-the-clock live-in programming for developmentally disabled individuals. The goal is to ensure these adults not only have a place to call home but also receive the care and assistance they need to live fulfilling lives.
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Impact
August, 2024
The Association's Fourth Property Inc has a significant impact on the community by providing essential housing services for low-income adults with disabilities in Springfield, MA. Through their satellite residential services offering twenty-four-hour live-in programming for developmentally disabled individuals, the organization plays a crucial role in promoting the physical, social, and psychological well-being of their residents. By specifically tailoring supportive services to meet the individual needs of each resident, The Association's Fourth Property Inc helps to enhance their health, security, happiness, and overall quality of life. This dedication to ensuring suitable housing and support services for those in need contributes to the long-term welfare and inclusivity of the community.
This information is meant to be a general summary of The Association's Fourth Property 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.
- Investment Income: $26
- Program Service Revenue: $18,929
- Gross Receipts: $44,811
Assets and Liabilities:
- Total Assets: $763,035
- Total Liabilities: $963,563
- Net Assets: -$200,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT REVENUE
Revenue
$18,929
Organization Details
Founding Year
2012
Phone
(413) 732-0531Principal Officer
Andrew Caires
Main Address
220 BROOKDALE DRIVE, SPRINGFIELD, MA, 01104
NTEE Category
Code: L20 - Housing
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