Overview
What is Brownville Housing Corporation?
Brownville Housing Corporation is a nonprofit organization dedicated to serving the elderly and low-income community. It manages an 18-unit housing project, which is federally funded through rental assistance payments. Its primary mission is to provide affordable housing for this demographic, aiming to improve their living conditions and promote a sense of community. The corporation's initiatives focus on elderly housing, ensuring that suitable accommodations are available to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The Brownville Housing Corporation has received a Two-Star out of Four Star rating with an overall score of 73%. This rating indicates that while the organization demonstrates strong financial management with a program expense ratio of 85.34% and a solid liabilities to assets ratio of 36%, there are significant areas needing improvement in accountability and transparency.
The organization benefits from having a fully independent board, which is a positive factor for governance, as it ensures that decision-making is free from conflicts of interest. They also document board meeting minutes and show no material diversion of assets, which further reflects good governance practices. However, the lack of several key policies, including a conflict of interest policy and a whistleblower policy, raises concerns about operational accountability.
Additionally, the absence of a posted tax form on the nonprofit's website is a notable shortcoming that affects transparency. These issues highlight important areas for Brownville Housing Corporation to address to enhance its accountability and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Brownville Housing Corporation legitimate?
Brownville Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brownville 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:
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What is the mission statement of Brownville Housing Corporation?
Brownville Housing Corporation is dedicated to providing elderly and low-income individuals with housing solutions. They accomplish this mission by operating an 18-unit housing project, which is funded through federal rental assistance payments. The corporation's primary goal is to make affordable housing available for this specific demographic. Their efforts contribute to enhancing the living conditions and providing a sense of stability for these individuals. The corporation's activities are aimed at addressing the housing needs of economically disadvantaged elderly people, ensuring they have a place to call home.
What is the revenue of Brownville Housing Corporation?
Brownville Housing Corporation's revenue in 2024 was $211,258.
Who are the executives of Brownville Housing Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Brownville Housing Corporation?
Brownville Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Brownville Housing Corporation
Brownville Housing Corporation, a nonprofit organization, is dedicated to providing elderly and low-income individuals with housing. They achieve this mission by operating an 18-unit housing project that is supported by federal subsidies in the form of rental assistance payments. This subsidy allows the corporation to offer affordable housing options to those who might not otherwise be able to afford it. By providing elderly and low-income housing, Brownville Housing Corporation aims to support the well-being and living conditions of these vulnerable groups, enabling them to maintain a decent standard of living.
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Impact
October, 2024
The Brownville Housing Corporation significantly impacts the community by providing essential housing solutions for elderly and low-income residents in Brownville, Maine. By operating an 18-unit housing project, the organization ensures that vulnerable populations have access to safe and affordable living conditions. The federally subsidized rental assistance payments alleviate financial burdens on tenants, enabling them to maintain their independence and quality of life. Through its commitment to this mission, Brownville Housing Corporation fosters a sense of community and stability for its residents, contributing positively to the overall well-being of the area.
This information is meant to be a general summary of Brownville 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 2024.
- Investment Income: $8,378
- Program Service Revenue: $201,900
- Gross Receipts: $211,258
Assets and Liabilities:
- Total Assets: $569,703
- Total Liabilities: $221,315
- Net Assets: $348,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY RENT
Revenue
$128,180
TENANT RENT
Revenue
$73,720
Organization Details
Founding Year
1975
Principal Officer
Christopher Crockett
NTEE Category
Code: L22Z - Housing
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