Overview
What is Assisi Housing Corporation?
Assisi Housing Corporation is a nonprofit organization located in New Bedford, Massachusetts, specifically at 72 Eighth Street. Their primary focus is to provide clean, safe, and affordable housing units to 19 families with low or moderate incomes. Beyond just housing, they offer supportive services to these families to meet their physical, social, economic, and psychological needs. Their mission is to cater to income-eligible individuals and families, aiming to enhance their overall well-being within their housing facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Assisi Housing Corporation has received a One-Star rating from Charity Navigator, indicating some concerns regarding its financial health. The rating is based largely on a single beacon score, specifically focusing on Accountability & Finance. Notably, the organization has an impressive Program Expense Ratio of 97.15%, suggesting that a significant portion of its budget is allocated directly to its programs, which is a positive sign for donors.
On the accountability front, Assisi Housing boasts a fully independent board, scoring a perfect 10 out of 10 for having a majority of independent members. The organization also demonstrates good governance practices by documenting board meeting minutes. However, the overall score is significantly impacted by the Liabilities to Assets Ratio, which stands at 116.24%, indicating potential financial vulnerabilities that could be a concern for stakeholders and potential donors.
While the nonprofit exhibits strong indicators in program expense management and board independence, the high liabilities relative to its assets suggest caution. Prospective donors and supporters may want to consider these financial metrics carefully when evaluating the organization's overall stability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Assisi Housing Corporation legitimate?
Assisi Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Housing 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 Assisi Housing Corporation?
The Assisi Housing Corporation's mission is to offer housing facilities to income-eligible individuals and families, aiming to fulfill their physical, social, economic, and psychological needs. By providing clean, safe, and affordable housing units, the corporation serves 19 families with low or moderate incomes. In addition, it offers supportive services to these families, ensuring a comprehensive approach to their needs. The corporation's goal is to enhance the quality of life for its residents, offering them a secure and nurturing environment.
Who is the CEO of Assisi Housing Corporation?
Nancy Lawson is the Executive Director of Assisi Housing Corporation.
What is the revenue of Assisi Housing Corporation?
Assisi Housing Corporation's revenue in 2022 was $207,421.
Who are the executives of Assisi Housing Corporation and what are their salaries?
There 4 volunteers at Assisi Housing Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $59,392
- 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 Assisi Housing Corporation?
Assisi Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Housing Corporation
Assisi Housing Corporation is dedicated to providing housing facilities that cater to the physical, social, economic, and psychological needs of income-eligible individuals and families. Their mission is to create an environment that supports these individuals and families, aiming to improve their overall well-being. By offering clean, safe, and affordable housing units, Assisi Housing Corporation currently serves 19 families with low or moderate incomes. Their commitment extends beyond just providing shelter, as they also offer supportive services to these families. This holistic approach to housing ensures that the residents have the necessary resources to enhance their living conditions and improve their quality of life.
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Impact
October, 2024
Assisi Housing Corporation significantly enhances the lives of income-eligible individuals and families by offering clean, safe, and affordable housing in New Bedford, MA. By providing housing units to 19 families with low or moderate incomes, the organization addresses critical physical, social, economic, and psychological needs.
In addition to housing, Assisi Housing Corporation extends supportive services that empower families, fostering a sense of community and stability. This holistic approach not only facilitates access to essential living conditions but also promotes social integration and personal development. The impact of Assisi Housing Corporation reaches far beyond shelter, creating a foundation for stronger, healthier communities.
This information is meant to be a general summary of Assisi Housing 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.
- Program Service Revenue: $206,456
- Gross Receipts: $207,421
Assets and Liabilities:
- Total Assets: $2,626,827
- Total Liabilities: $2,967,674
- Net Assets: -$340,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$186,873
SUPPORTIVE SVCS FEES
Revenue
$19,583
Organization Details
Founding Year
2010
Principal Officer
Nancy Lawson
Main Address
72 Eighth Street, New Bedford, MA, 02740
NTEE Category
Code: L20 - Housing
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