Overview
What is Bluehub Capital Inc?
Bluehub Capital Inc is a holding company situated in Boston, Massachusetts, with a focus on supporting community-based organizations. The organization offers below-market rate capital for the development of affordable housing and broader lending services that directly or indirectly benefit low-income or disadvantaged communities. In the past, Bluehub Capital served as the developer for all solar energy projects owned and operated by Solar Energy Advantage, Inc., earning developer fees for their services. However, this responsibility has now been shifted to Solar Energy Advantage Inc. directly. Bluehub Capital Inc. employs approximately 50 individuals, working diligently to further its mission.
Official website here: www.bluehubcapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Bluehub Capital Inc has received a four-star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scores particularly well in its governance, with a significant portion of its board being independent and a strong oversight committee in place. This rating reflects a commitment to transparency and responsible financial practices, essential attributes for nonprofits in the financial assistance sector.
User feedback, however, presents a mixed picture. Many clients praise Bluehub Capital for their compassionate and effective assistance during difficult financial situations, with several reviews highlighting successful outcomes in avoiding foreclosure. These positive experiences often emphasize the professionalism and support provided by the organization's staff, suggesting a strong commitment to client service.
Contrastingly, numerous negative reviews describe experiences of perceived predatory lending practices. Some clients report feeling misled about the terms of their loans, particularly regarding high interest rates and significant equity shares demanded by the organization. This has led to claims that Bluehub Capital operates more like a profit-driven entity than a nonprofit aimed at community stabilization. The divergence in feedback indicates a need for potential clients to thoroughly understand the terms and implications of the assistance offered before proceeding.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Bluehub Capital Inc legitimate?
Bluehub Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bluehub Capital 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: $316,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,486
For more financial information, click here
Official website here: www.bluehubcapital.org
What is the mission statement of Bluehub Capital Inc?
Bluehub Capital Inc's mission is centered around providing below-market rate capital to community-based organizations for the development of affordable housing. This mission extends beyond just housing, as the organization also engages in broader community lending that positively impacts low-income or disadvantaged individuals and communities. By doing so, Bluehub Capital Inc aims to contribute to the betterment of these communities, directly or indirectly. The organization serves as an overarching body, managing administration, finance, human resources, and investor relations for its affiliates. In the past, Bluehub Capital Inc acted as a developer for solar energy projects, earning developer fees for its services. However, this responsibility now falls directly to Solar Energy Advantage Inc.
Official website here: www.bluehubcapital.org
Who is the CEO of Bluehub Capital Inc?
Elyse Cherry is the CEO of Bluehub Capital Inc The CEO's salary of Bluehub Capital Inc is $145,687 and their total compensation is $1,089,108.
Official website here: www.bluehubcapital.org
What is the revenue of Bluehub Capital Inc?
Bluehub Capital Inc's revenue in 2023 was $753,928.
Official website here: www.bluehubcapital.org
Who are the executives of Bluehub Capital Inc and what are their salaries?
The average compensation at Bluehub Capital Inc during 2023 was $6,229. There are 51 employees and 9 volunteers at Bluehub Capital Inc.
Here are 17 key members and their salaries (Bluehub Capital Inc's CEO's salary is $145,687 and their total compensation is $1,089,108):
- Compensation: $145,687
- Related: $825,555
- Other: $117,866
- Compensation: $42,600
- Related: $383,397
- Other: $83,792
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $122,268
- Related: $285,291
- Other: $57,904
- Compensation: $211,464
- Related: $0
- Other: $91,894
- Compensation: $0
- Related: $278,499
- Other: $44,274
- Compensation: $69,380
- Related: $161,886
- Other: $85,009
- Compensation: $0
- Related: $318,083
- Other: $45,427
- Compensation: $245,536
- Related: $0
- Other: $41,330
Official website here: www.bluehubcapital.org
Where can I find the form 990 for Bluehub Capital Inc?
Bluehub Capital Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bluehubcapital.org
Learn more at the official website: www.bluehubcapital.org
Mission Statement of Bluehub Capital Inc
Bluehub Capital Inc, in its mission, provides sub-market rate capital to community-based organizations for the development of affordable housing and broader community lending that directly or indirectly benefits low-income or disadvantaged individuals or communities. This nonprofit organization aims to support the growth and improvement of living conditions for those who are economically disadvantaged or face challenges, ensuring that they have access to affordable housing and community resources. Through its lending activities, Bluehub Capital Inc promotes sustainable community development and fosters an inclusive environment, contributing to the well-being and prosperity of disadvantaged communities.
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Impact
July, 2024
Bluehub Capital Inc's impact lies in its provision of below-market rate capital to community-based organizations for the development of affordable housing and broader community lending that directly or indirectly benefits low-income or disadvantaged individuals or communities. By facilitating access to affordable housing and financial resources, Bluehub Capital Inc contributes to the creation of more stable and sustainable communities, addressing challenges faced by those in need. This support helps foster economic empowerment and social equity, making a tangible difference in the lives of individuals and communities facing housing insecurity and financial hardship. Through its mission-driven initiatives, Bluehub Capital Inc helps build a foundation for a more inclusive and equitable society.
This information is meant to be a general summary of Bluehub Capital 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 2023.
- Investment Income: $305,135
- Program Service Revenue: $447,830
- Gross Receipts: $753,928
Assets and Liabilities:
- Total Assets: $16,146,415
- Total Liabilities: $4,936,595
- Net Assets: $11,209,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE & FEES
Revenue
$447,830
Organization Details
Founding Year
1994
Principal Officer
Lisa Zappala
Website
www.bluehubcapital.orgNTEE Category
Code: L81 - Housing
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