Overview
What is Y2Y Network Inc?
Y2Y Network Inc is a nonprofit organization situated in Cambridge, Massachusetts, specifically at 955 MASS AVE 424. Their primary mission is to offer a safe and inclusive space for young adults aged 18-24 experiencing homelessness. They employ a youth-to-youth model, enabling guests to collaborate with service providers, fellow homeless youth, and student volunteers. This collaborative environment helps these individuals create sustainable pathways out of homelessness and develop skills for long-term success. During the COVID-19 pandemic, Y2Y Harvard Square transitioned from a 30-day stay policy to an indefinite stay policy, providing essential support to its guests. Moreover, they partnered with the Cambridge Housing Authority to expand access to Section-18 housing vouchers, successfully placing many guests into permanent affordable housing. Y2Y Network also engages in advocacy and leadership development, allowing students and guests to join protests against police brutality and participate in conversations with community members and legislators to end youth homelessness. They continue to serve as the fiscal sponsor for the Boston Area Youth Cash Transfer Program (BAY CASH) which aims to provide cash directly to youth experiencing homelessness in the greater Boston area. Thus, Y2Y Network Inc is dedicated to empowering young adults to overcome homelessness and become influential advocates for youth-driven solutions.
Official website here: www.y2yharvardsquare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Y2Y Network Inc has demonstrated a strong commitment to accountability and financial transparency, earning a remarkable 95% rating on Charity Navigator. The organization boasts a fully independent board and has robust practices in place for oversight, including a well-functioning audit and oversight committee. With no instances of material diversion of assets and a solid liabilities to assets ratio of 2.96%, the organization reflects sound financial management.
The nonprofit also excels in its programmatic impact, with a program expense ratio of 69.18%. This indicates that a significant portion of its resources is directed towards fulfilling its mission, which is further supported by excellent constituent feedback scores. The organization actively seeks and incorporates feedback, showcasing a strong commitment to community engagement and responsiveness to its stakeholders' needs.
Despite these strengths, Y2Y Network Inc could further improve its equity strategies, earning a score of 95 out of 100 in this area. While the organization’s practices and policies related to equity are commendable, there are still minor areas where enhancements could be made, particularly in the data collection aspect. Overall, this nonprofit stands out for its effective governance, financial health, and community-oriented approach.
This AI summary has been generated from information found on Charity Navigator.
Is Y2Y Network Inc legitimate?
Y2Y Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Y2Y Network 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: $133,046
Professional Fundraising Fees: $0
Other Salaries and Wages: $482,524
For more financial information, click here
Official website here: www.y2yharvardsquare.org
What is the mission statement of Y2Y Network Inc?
Y2Y Network Inc employs a youth-to-yard model to offer a safe and affirming environment for young adults aged 18-24 who are experiencing homelessness. The organization provides opportunities for these individuals to collaborate with service providers, other youth in similar situations, and student volunteers. This collaboration aims to create sustainable pathways out of homelessness and develop skills for long-term success. Additionally, Y2Y Network Inc offers chances for both guests and volunteers to become the future advocates for youth-driven solutions to homelessness.
Official website here: www.y2yharvardsquare.org
Who is the CEO of Y2Y Network Inc?
Sharon Scott is the Executive Director of Y2Y Network Inc.
Official website here: www.y2yharvardsquare.org
What is the revenue of Y2Y Network Inc?
Y2Y Network Inc's revenue in 2022 was $1,186,558.
Official website here: www.y2yharvardsquare.org
Who are the executives of Y2Y Network Inc and what are their salaries?
The average compensation at Y2Y Network Inc during 2022 was $15,014. There are 41 employees and 125 volunteers at Y2Y Network Inc.
Here are 14 key members and their salaries:
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Official website here: www.y2yharvardsquare.org
Where can I find the form 990 for Y2Y Network Inc?
Y2Y Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.y2yharvardsquare.org
Learn more at the official website: www.y2yharvardsquare.org
Mission Statement of Y2Y Network Inc
Y2Y Network, a youth-led organization, aims to establish a secure and affirming environment for young adults aged 18-24 who are currently experiencing homelessness. By employing a youth-to-youth model, Y2Y Network invites its guests to collaborate with service providers, other youth in similar situations, and student volunteers. This collaborative approach enables these individuals to develop sustainable pathways out of homelessness and hone skills necessary for long-term success. Furthermore, Y2Y Network offers opportunities for both guests and volunteers to evolve into the next generation's leading advocates for youth-driven solutions to homelessness.
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Impact
July, 2024
Y2Y Network Inc's impact is profound and tangible. Through its youth-to-youth model, Y2Y provides a safe haven for young adults aged 18-24 who are experiencing homelessness. This organization empowers its guests to collaborate with service providers, peers facing similar challenges, and student volunteers to forge sustainable pathways out of homelessness and cultivate skills for long-term success.
Y2Y's achievements are evident across its three core pillars. In the Sanctuary pillar, Y2Y Harvard Square served over 100 unique guests in FY22, fostering a welcoming and inclusive environment where over 80% of guests felt a sense of belonging. Under the Pathways pillar, Y2Y equips guests with access to a robust network of partner service providers, including critical healthcare resources. Moreover, amid the hardships of the COVID-19 pandemic, Y2Y's partnership with the Cambridge Housing Authority has successfully placed guests into permanent affordable housing.
In terms of Advocacy and Leadership Development, Y2Y stands out for its dedication to social causes, with student staff and guests actively participating in protests against police brutality and advocating for policies to combat youth homelessness. Additionally, Y2Y's role as the fiscal sponsor for the Boston Area Youth Cash Transfer Program exemplifies its commitment to directly supporting youth in need.
Overall, Y2Y Network Inc's impact resonates deeply within the community it serves, fostering resilience, empowerment, and lasting change among young people experiencing homelessness.
This information is meant to be a general summary of Y2Y Network 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: $2,602
- Gross Receipts: $1,186,558
Assets and Liabilities:
- Total Assets: $1,692,240
- Total Liabilities: $64,277
- Net Assets: $1,627,963
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Organization Details
Founding Year
2017
Phone
(857) 529-6963Principal Officer
Sharon Scott
Main Address
955 MASS AVE 424, CAMBRIDGE, MA, 02139
Website
www.y2yharvardsquare.orgNTEE Category
Code: O51 - Youth development
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