Overview
What is Brownstone Gardens Inc?
Brownstone Gardens Inc, situated in East Longmeadow, Massachusetts, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing options for low-income elderly residents, catering to around 132 senior citizens. The organization's programs are centered around providing a comfortable living environment for this demographic, thereby ensuring that their golden years are spent with dignity and security. Brownstone Gardens Inc's commitment to low income elderly housing is a vital contribution to the community, enriching the lives of its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Brownstone Gardens Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is based entirely on its accountability and finance metrics, with a score of 79% for this beacon. The organization demonstrates strong governance practices, including a fully independent board and comprehensive financial oversight measures.
The charity excels in several key areas, including its program expense ratio, which stands at an impressive 90.94%. This indicates that the majority of its funding directly supports its programs, a positive sign for potential donors. Moreover, it has a robust structure in place, with policies regarding conflicts of interest, whistleblower protections, and document retention, all of which receive full scores.
However, the organization faces a challenge with its liabilities to assets ratio, scoring 0 out of 15 points in this area, which could indicate potential financial stability concerns. While the charity's governance is strong, potential donors may want to consider this aspect alongside its high program expense ratio when assessing overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Brownstone Gardens Inc legitimate?
Brownstone Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brownstone Gardens 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:
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What is the mission statement of Brownstone Gardens Inc?
Brownstone Gardens Inc, as a organization, is dedicated to serving low-income elderly residents. Their primary mission is to provide affordable housing options, catering to the needs of senior citizens. The company's programs are centered around this objective, aiming to make living accommodations accessible for this specific demographic. Brownstone Gardens Inc operates in an unspecified location, but its focus remains on providing essential housing solutions for the elderly with limited income.
Who is the CEO of Brownstone Gardens Inc?
Alan Van Tassel is the President of Brownstone Gardens Inc.
What is the revenue of Brownstone Gardens Inc?
Brownstone Gardens Inc's revenue in 2022 was $1,726,821.
Who are the executives of Brownstone Gardens Inc and what are their salaries?
There 9 volunteers at Brownstone Gardens Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Brownstone Gardens Inc?
Brownstone Gardens Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brownstone Gardens Inc
Brownstone Gardens Inc, a nonprofit organization, is dedicated to serving the needs of low-income elderly individuals. Its primary mission is to provide affordable housing, offering a home to around 132 senior citizens. Situated in East Longmeadow, MA, Brownstone Gardens Inc prioritizes providing a living environment for this specific demographic, contributing to their well-being and comfort. The organization's programs are centered around offering these elderly residents an affordable living option, ensuring that their golden years are not marred by financial hardships.
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Impact
July, 2024
Brownstone Gardens Inc's impact lies in providing essential housing support for approximately 132 low-income elderly residents in East Longmeadow, MA. By offering affordable living options to senior citizens, this organization plays a crucial role in ensuring that this vulnerable population has a safe and stable place to call home. Through its focus on low-income elderly housing, Brownstone Gardens Inc contributes to promoting well-being and dignity among seniors in the community, fostering a sense of security and comfort for those in need.
This information is meant to be a general summary of Brownstone Gardens 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: $2,623
- Program Service Revenue: $1,225,781
- Gross Receipts: $1,726,821
Assets and Liabilities:
- Total Assets: $13,887,289
- Total Liabilities: $13,240,029
- Net Assets: $647,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$1,225,781
Organization Details
Founding Year
2017
Phone
(413) 525-4321Principal Officer
Alan Van Tassel
Main Address
75 Pleasant Street, east longmeadow, MA, 01028
NTEE Category
Code: L22 - Housing
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