Overview
What is Massachusetts Avenue Sustainable Homes Housing Development Fund Com?
Massachusetts Avenue Sustainable Homes Housing Development Fund Com is a nonprofit organization located in Buffalo, New York, specifically at 429 Plymouth Avenue STE 1. Their primary mission is to provide housing accommodations for individuals and families of low income, as defined by Section 2 of the Private Housing Finance Law. They have successfully established five residential units in three separate buildings in the vicinity of Massachusetts Avenue in the City of Buffalo. The organization's activities are centered around providing housing solutions in the western side of the city, aiming to contribute positively to the local community by offering affordable living options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Massachusetts Avenue Sustainable Homes Housing Development Fund Com demonstrates a strong commitment to accountability and financial management, evidenced by its impressive score of 94%. This rating is based entirely on its accountability and finance practices, reflecting a high level of transparency and responsible stewardship of donor funds. The organization has a fully independent board, and it scores perfectly in multiple categories such as conflict of interest policies, whistleblower protections, and document retention practices.
The fund operates with a low liabilities-to-assets ratio of 0.30%, indicating a solid financial position. Additionally, it allocates 100% of its expenses to programs, showcasing its dedication to maximizing the impact of its resources. This focus on program expenses suggests that the organization is effectively using its funding to fulfill its mission.
While the rating highlights many strengths, potential donors may want to consider the overall programmatic impact and specific outcomes of the organization’s initiatives, as these factors are not captured in the financial metrics alone. Overall, Massachusetts Avenue Sustainable Homes Housing Development Fund Com is recognized for its robust financial accountability and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Avenue Sustainable Homes Housing Development Fund Com legitimate?
Massachusetts Avenue Sustainable Homes Housing Development Fund Com is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Avenue Sustainable Homes Housing Development Fund Com 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 Massachusetts Avenue Sustainable Homes Housing Development Fund Com?
The Massachusetts Avenue Sustainable Homes Housing Development Fund's mission is centered around providing housing accommodations for individuals and families of low income, as defined by Section 2 of the Private Housing Finance Law. This organization strives to make these housing accommodations available in a specific location, although the exact details are not provided in the information. The Fund has successfully provided residential units for this demographic in multiple buildings situated near Massachusetts Avenue. The goal is to contribute to the housing needs of this underprivileged section of society.
Who is the CEO of Massachusetts Avenue Sustainable Homes Housing Development Fund Com?
Dawn Wells-Clyburn is the President of Massachusetts Avenue Sustainable Homes Housing Development Fund Com.
What is the revenue of Massachusetts Avenue Sustainable Homes Housing Development Fund Com?
Massachusetts Avenue Sustainable Homes Housing Development Fund Com's revenue in 2022 was $34,811.
Who are the executives of Massachusetts Avenue Sustainable Homes Housing Development Fund Com and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $97,078
- Other: $0
- Compensation: $0
- Related: $63,048
- Other: $0
Where can I find the form 990 for Massachusetts Avenue Sustainable Homes Housing Development Fund Com?
Massachusetts Avenue Sustainable Homes Housing Development Fund Com's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Massachusetts Avenue Sustainable Homes Housing Development Fund Com
Massachusetts Avenue Sustainable Homes Housing Development Fund, in its mission, seeks to provide housing accommodations for individuals and families with low income, as defined in Section 2 of the Private Housing Finance Law. The organization's goal is to establish these housing facilities in or near Massachusetts Avenue, without specifying an exact location. The primary objective of this nonprofit is to cater to the housing needs of those with limited resources, ensuring they have access to suitable living arrangements. The Fund has accomplished this by providing five residential units in three separate buildings situated nearby Massachusetts Avenue, thus contributing to the housing needs of the low-income population in the city.
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Impact
August, 2024
Massachusetts Avenue Sustainable Homes Housing Development Fund Com has provided 5 residential units for persons and families of low income in the city of Buffalo, New York. Their impact includes offering affordable housing accommodations to those in need, thus contributing to the community's efforts to address housing challenges for low-income individuals and families in the West Side of Buffalo. This initiative helps improve the quality of life for residents by ensuring access to safe and affordable housing options.
This information is meant to be a general summary of Massachusetts Avenue Sustainable Homes Housing Development Fund Com. 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: $34,811
- Gross Receipts: $34,811
Assets and Liabilities:
- Total Assets: $1,178,642
- Total Liabilities: $3,572
- Net Assets: $1,175,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$34,811
Organization Details
Founding Year
2012
Phone
(716) 884-0356Principal Officer
Dawn Wells-Clyburn
Main Address
429 PLYMOUTH AVENUE STE 1, BUFFALO, NY, 14213
NTEE Category
Code: L20 - Housing
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