Overview
What is Southbridge Community Services Inc?
Southbridge Community Services Inc is a nonprofit organization situated in New Castle, Delaware. Their primary mission is to offer permanent, affordable housing to Delaware seniors who are currently homeless. Initially, they plan to construct 10 units, each accommodating up to two individuals. Preference will be given to senior veterans in need of housing. To achieve this objective, they have acquired a building, hired an architect, a structural engineer, and a construction manager. Their aim is to renovate the building to cater to their mission. Southbridge Community Services Inc is dedicated to providing a secure living space for Delaware's elderly population, particularly veterans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - 67%
Southbridge Community Services Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. While the organization has a perfect score in several categories, such as program expense ratio and liabilities to assets ratio, it struggles significantly with transparency, as evidenced by the absence of financial statements and key governance policies.
The organization benefits from an independent board, scoring well in categories related to board composition and meeting documentation. However, critical governance documents, including a conflict of interest policy and a whistleblower policy, are missing, which raises concerns about the organization’s operational integrity and accountability.
Overall, while Southbridge Community Services Inc demonstrates effective use of funds directed towards its programs, its lack of transparency and missing documentation may hinder trust among potential donors and stakeholders. Addressing these gaps could enhance the nonprofit's credibility and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Southbridge Community Services Inc legitimate?
Southbridge Community Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southbridge Community Services 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 Southbridge Community Services Inc?
Southbridge Community Services Inc is committed to providing permanent, affordable housing for homeless Delaware seniors. Initially, they plan to construct 10 units, each capable of accommodating two individuals. The organization prioritizes housing veterans among the senior population. To accomplish this mission, they have procured a building, engaged architects, structural engineers, and construction managers to redesign the structure accordingly. Their goal is to offer a stable living environment for these vulnerable seniors.
Who is the CEO of Southbridge Community Services Inc?
Charles Falletta is the Vice Preside of Southbridge Community Services Inc.
What is the revenue of Southbridge Community Services Inc?
Southbridge Community Services Inc's revenue in 2022 was $1,352,255.
Who are the executives of Southbridge Community Services Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Southbridge Community Services Inc?
Southbridge Community Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southbridge Community Services Inc
Southbridge Community Services Inc is committed to providing permanent, affordable housing for homeless Delaware seniors, with a particular focus on veterans. Initially, the organization plans to construct 10 units, each capable of accommodating up to two individuals. The organization prioritizes veterans among its clientele for these housing units. To accomplish this mission, Southbridge Community Services Inc has engaged an architect, a structural engineer, and a construction manager to redesign an acquired building. This transformation aims to create living spaces that cater to the needs of the senior population. The ultimate goal is to offer a secure and affordable housing solution for this vulnerable group, thereby enhancing their overall well-being.
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Impact
July, 2024
Southbridge Community Services Inc is making a tangible impact by providing permanent, low-cost housing to otherwise homeless Delaware seniors. Through their initiative, they have purchased a building and engaged professionals to redesign and develop the space into 10 units that can accommodate up to two people each. Furthermore, they prioritize seniors who are veterans for these housing opportunities. This initiative is crucial in addressing homelessness among seniors in Delaware, providing them with a stable and affordable place to call home.
This information is meant to be a general summary of Southbridge Community Services 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.
- Gross Receipts: $1,352,255
Assets and Liabilities:
- Total Assets: $2,227,601
- Total Liabilities: $0
- Net Assets: $2,227,601
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Organization Details
Phone
(302) 757-5767Principal Officer
Charles Falletta
Main Address
710 WILMINGTON ROAD SUITE A, NEW CASTLE, DE, 19720
NTEE Category
Code: L21 - Housing
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