Overview
What is Berkshire Housing Development Corp?
Berkshire Housing Development Corp, located at 1 Fenn Street, Pittsfield, Massachusetts, is a nonprofit organization dedicated to improving living conditions for low- and moderate-income individuals. Their primary mission involves developing and operating housing and community development projects. The organization's significant activities include constructing affordable housing, administering the Section 8 Housing Choice Voucher Program, and providing various housing assistance programs such as RAFT, HomeBASE, and Neighbor to Neighbor. Berkshire Housing also operates in the region, offering support through these programs. Under contract with DHCD, they provide rent subsidies to over 570 families through Section 8 vouchers, ensuring that privately owned housing remains accessible for low-income families in Berkshire County. Additionally, they offer Project Based rent subsidies through the Section 8 Mod Rehab program, attached to specific apartments in Pittsfield, Massachusetts. With a workforce of 94 employees, the organization continues to strive towards enhancing the quality of life for the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Berkshire Housing Development Corp has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 92%, the organization demonstrates a high level of transparency and effective governance, including 100% independent board members and robust financial oversight practices.
The nonprofit has received full marks in various areas, including its conflict of interest policy and its whistleblower policy, indicating a well-structured operational framework. Furthermore, the organization exhibits a solid program expense ratio of 68.47%, which suggests a significant portion of its expenditures is directed towards its mission-related activities.
While the organization shows commendable financial practices, the data does not indicate any major limitations or concerns. Overall, Berkshire Housing Development Corp appears to be a responsible entity, effectively utilizing its resources to support its objectives in housing development.
This AI summary has been generated from information found on Charity Navigator.
Is Berkshire Housing Development Corp legitimate?
Berkshire Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berkshire Housing Development Corp 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: $189,694
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,197,409
For more financial information, click here
What is the mission statement of Berkshire Housing Development Corp?
Berkshire Housing Development Corp's mission involves the development and operation of housing and community development projects that cater to the needs of low and moderate-income individuals. Their primary activities include constructing affordable housing, managing the Section 8 Housing Choice Voucher Program, and administering various housing assistance programs such as RAFT, HomeBASE, and Neighbor to Neighbor. Additionally, they operate in their region, providing essential services to benefit those in need.
Who is the CEO of Berkshire Housing Development Corp?
Eileen Peltier is the President of Berkshire Housing Development Corp.
What is the revenue of Berkshire Housing Development Corp?
Berkshire Housing Development Corp's revenue in 2023 was $2,702,603.
Who are the executives of Berkshire Housing Development Corp and what are their salaries?
The average compensation at Berkshire Housing Development Corp during 2023 was $14,756. There are 94 employees at Berkshire Housing Development Corp.
Here are 10 key members and their salaries:
- Compensation: $189,694
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- Other: $16,294
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- Other: $0
Where can I find the form 990 for Berkshire Housing Development Corp?
Berkshire Housing Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Berkshire Housing Development Corp
Berkshire Housing Development Corp is dedicated to bettering the lives of low and moderate-income individuals through the development and operation of housing and community development projects. Their most prominent activities include constructing affordable housing, managing the Section 8 Housing Choice Voucher Program, and administering various housing assistance programs such as RAFT, HomeBASE, and Neighbor to Neighbor. Moreover, the organization operates within their region, providing essential services and support to those in need. By engaging in these initiatives, Berkshire Housing Development Corp aims to improve living conditions and promote opportunities for underprivileged communities.
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Impact
July, 2024
Berkshire Housing Development Corp's impact lies in its vital role in developing and operating housing and community development projects that benefit low and moderate-income individuals. The organization's focus on creating affordable housing opportunities, administering housing assistance programs such as Section 8 HCV, RAFT, HomeBASE, and Neighbor to Neighbor, has a direct and significant impact on improving the living conditions of individuals and families in Berkshire County. By providing rent subsidies and housing assistance to hundreds of low-income families, Berkshire Housing Development Corp plays a crucial role in addressing housing insecurity and ensuring that vulnerable populations have access to safe and affordable housing options.
This information is meant to be a general summary of Berkshire Housing Development Corp. 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 2023.
- Investment Income: $11,376
- Program Service Revenue: $2,477,680
- Gross Receipts: $2,764,087
Assets and Liabilities:
- Total Assets: $8,354,932
- Total Liabilities: $721,147
- Net Assets: $7,633,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$2,477,680
Organization Details
Founding Year
1971
Phone
(413) 499-1630Principal Officer
Eileen Peltier
Main Address
1 FENN STREET, PITTSFIELD, MA, 01201
NTEE Category
Code: L21 - Housing
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