Overview
What is The Association's Third Property Inc?
The Association's Third Property Inc, located at 220 Brookdale Drive, Springfield, Massachusetts, is a nonprofit organization dedicated to providing housing and supportive services for individuals with disabilities. Their mission is to offer affordable living spaces tailored to the unique physical, social, and psychological needs of adults with disabilities, aiming to enhance their health, security, happiness, and overall well-being. The organization offers 24-hour live-in programming, ensuring continuous care and assistance. Their primary activity involves providing housing for those with low incomes, ensuring they can live with dignity and access the necessary support they need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, earning it a Two-Star out of Four Star rating. The Association's Third Property Inc has demonstrated some strengths in its governance structure, including a fully independent board and no material diversion of assets. The organization scores well in areas such as its program expense ratio, indicating that a significant portion of its funds is directed towards its programs.
However, the nonprofit faces notable limitations in its accountability and finance practices. The absence of key policies, including conflict of interest and whistleblower policies, raises concerns regarding transparency and ethical governance. Additionally, the organization has a high liabilities to assets ratio, which may indicate potential financial instability.
Overall, while The Association's Third Property Inc shows commitment to its mission through high program expense ratios, significant gaps in accountability practices and financial management are areas for improvement that stakeholders may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is The Association's Third Property Inc legitimate?
The Association's Third Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Association's Third 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 Third Property Inc?
The Association's Third Property Inc's mission is centered around providing housing for low-income adults with disabilities. Their mission statement, in its essence, is to establish housing facilities that cater specifically to the physical, social, and psychological needs of these individuals. The aim is to promote their health, security, happiness, and usefulness, enabling them to live longer, fulfilling lives. Additionally, the association offers supportive services tailored to meet their unique requirements. This commitment extends to promoting their well-being and overall quality of life. The organization also provides satellite residential services, offering round-the-clock live-in programming for developmentally disabled individuals.
Who is the CEO of The Association's Third Property Inc?
Andrew Caires is the President (Until 03/22) of The Association's Third Property Inc.
What is the revenue of The Association's Third Property Inc?
The Association's Third Property Inc's revenue in 2022 was $45,014.
Who are the executives of The Association's Third Property Inc and what are their salaries?
There 5 volunteers at The Association's Third Property Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $201,264
- Other: $9,726
- Compensation: $0
- Related: $126,862
- Other: $26,673
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Association's Third Property Inc?
The Association's Third Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Association's Third Property Inc
The Association's Third Property Inc is dedicated to providing housing for individuals with disabilities who fall under the category of low income. Their mission is to offer suitable living facilities and supportive services tailored to meet the physical, social, and psychological needs of these individuals. The organization strives to promote their health, security, happiness, and overall usefulness in leading longer lives. To achieve this, they provide satellite residential services with round-the-clock live-in programming for developmentally disabled adults. This comprehensive approach aims to ensure their well-being and enhance their quality of life.
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Impact
August, 2024
The Association's Third Property Inc's impact is profound in providing housing for low-income adults with disabilities in Springfield, MA. Through their satellite residential services, they offer twenty-four-hour live-in programming tailored for developmentally disabled individuals. The organization's mission is focused on providing housing facilities for very low-income adults with disabilities, along with supportive services designed to meet their physical, social, and psychological needs. The goal is to promote the health, security, happiness, and usefulness of these individuals in long-term living arrangements.
This information is meant to be a general summary of The Association's Third 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: $14
- Program Service Revenue: $16,736
- Gross Receipts: $45,014
Assets and Liabilities:
- Total Assets: $693,222
- Total Liabilities: $907,507
- Net Assets: -$214,285
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$16,736
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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