Overview
What is Caritas Communities Holdings Inc C/O Caritas Communities Inc?
Caritas Communities Holdings Inc C/O Caritas Communities Inc is a nonprofit organization based in Braintree, Massachusetts, specifically at 25 Braintree Hill Office Park 206. Their primary mission is to acquire and operate low-income rental housing projects, as regulated by the U.S. Department of Housing and Urban Development under the National Housing Act's Section 542(C) Risk-Sharing Program. By doing so, this organization aims to combat homelessness and provide permanent housing, support, a sense of community, and expanded opportunities for individuals with very low incomes.
Official website here: www.caritascommunities.org
What are the reviews and ratings of this charity?
79% rating from Charity Navigator.
Caritas Communities Holdings Inc holds a Three-Star out of Four Star rating, reflecting a solid performance in accountability and finance. The organization achieved a score of 79% primarily driven by strong governance practices, such as having a fully independent board and comprehensive financial oversight measures. It is noteworthy that they exhibit no material diversion of assets, maintaining transparency in their operations.
The nonprofit demonstrates strong commitment to program expenses, with 80.31% of their funds allocated directly to their mission-related activities. This indicates a focus on maximizing the impact of their programs. Furthermore, they have established various policies that enhance their accountability, including a conflict of interest policy and a whistleblower policy, both of which are critical for maintaining integrity.
However, the organization faces challenges indicated by its liabilities to assets ratio of 143.71%, which suggests potential financial strain. Additionally, the absence of board meeting minutes could be viewed as a gap in transparency. While Caritas Communities Holdings Inc shows strengths in governance, the financial health aspect raises concerns that warrant attention.
This AI summary has been generated from information found on Charity Navigator.
Is Caritas Communities Holdings Inc C/O Caritas Communities Inc legitimate?
Caritas Communities Holdings Inc C/O Caritas Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caritas Communities Holdings Inc C/O Caritas Communities 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
Official website here: www.caritascommunities.org
What is the mission statement of Caritas Communities Holdings Inc C/O Caritas Communities Inc?
Caritas Communities Holdings Inc, operating under the name Caritas Communities Inc, is dedicated to preventing homelessness. They achieve this by providing permanent housing, essential support, fostering a sense of community, and expanding opportunities for individuals with low income. The organization's primary mission is to acquire and operate low-income rental housing projects under the Section 542(C) Risk-Sharing Program of the National Housing Act, as regulated by the U.S. Department of Housing and Urban Development. These projects aim to provide affordable housing solutions for those in need.
Official website here: www.caritascommunities.org
Who is the CEO of Caritas Communities Holdings Inc C/O Caritas Communities Inc?
Frank Connell is the Executive Director of Caritas Communities Holdings Inc C/O Caritas Communities Inc.
Official website here: www.caritascommunities.org
What is the revenue of Caritas Communities Holdings Inc C/O Caritas Communities Inc?
Caritas Communities Holdings Inc C/O Caritas Communities Inc's revenue in 2022 was $2,003,241.
Official website here: www.caritascommunities.org
Who are the executives of Caritas Communities Holdings Inc C/O Caritas Communities Inc and what are their salaries?
There 16 volunteers at Caritas Communities Holdings Inc C/O Caritas Communities Inc.
Here are 22 key members and their salaries:
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- Other: $8,098
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Official website here: www.caritascommunities.org
Where can I find the form 990 for Caritas Communities Holdings Inc C/O Caritas Communities Inc?
Caritas Communities Holdings Inc C/O Caritas Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.caritascommunities.org
Learn more at the official website: www.caritascommunities.org
Mission Statement of Caritas Communities Holdings Inc C/O Caritas Communities Inc
Caritas Communities Holdings Inc, a nonprofit organization, is dedicated to preventing homelessness by providing permanent housing, support, a sense of community, and expanded opportunities for individuals with very low incomes. Their mission is centered around acquiring and operating low-income rental housing projects, in line with the Section 542(C) Risk-Sharing Program of the National Housing Act, as regulated by the U.S. Department of Housing and Urban Development. By doing so, Caritas Communities Holdings Inc strives to provide a stable living environment and support systems for those in need, enabling them to build a better future.
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Impact
July, 2024
Caritas Communities Holdings Inc C/O Caritas Communities Inc's impact lies in preventing homelessness by providing very low-income individuals with permanent housing, support, a sense of community, and expanded opportunities. Through acquiring and operating low-income rental housing projects in Braintree, MA, the organization helps secure stable living conditions for those in need. This impactful work contributes to creating a more stable and supportive environment for vulnerable populations, fostering a sense of security and belonging.
This information is meant to be a general summary of Caritas Communities Holdings Inc C/O Caritas Communities 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: $4,124
- Program Service Revenue: $1,999,117
- Gross Receipts: $2,003,241
Assets and Liabilities:
- Total Assets: $8,230,665
- Total Liabilities: $11,829,100
- Net Assets: -$3,598,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,999,117
Organization Details
Founding Year
2016
Phone
(877) 829-5500Principal Officer
Frank Connell
Main Address
25 BRAINTREE HILL OFFICE PK 206, BRAINTREE, MA, 02184
Website
www.caritascommunities.orgNTEE Category
Code: L20 - Housing
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