Overview
What is Bphc Mattapan Development Corp Inc?
Bphc Mattapan Development Corp Inc is a nonprofit organization based in Boston, Massachusetts, with a mission to promote social welfare and improve living conditions. They specialize in providing and maintaining affordable housing, reducing the burden on the government. Over the past decade, they have rehabilitated five abandoned historic buildings, creating and maintaining 330 residential units, with 308 units being affordable for individuals earning 60% or less of the area median income. Their activities involve entering into leases, acquisition notes, and loan instruments with for-profit partnerships, using the accrued interest and surplus cash flow to maintain the campus and support other programs. The organization's work is carried out on the former Boston Specialty Rehabilitation Hospital campus, serving as a vital resource for the community.
Is Bphc Mattapan Development Corp Inc legitimate?
Bphc Mattapan Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bphc Mattapan Development Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bphc Mattapan Development Corp Inc?
Bphc Mattapan Development Corp Inc's mission is centered around promoting social welfare and civic betterment. The organization aims to alleviate the burden on government resources and contribute to the provision of affordable housing for the city's residents, particularly those with lower incomes. Over the past decade, the corporation has played a significant role in rehabilitating abandoned historic buildings, creating and maintaining 330 residential units. Out of these, 308 units are specifically affordable for individuals earning 60% or less of the area median income. The organization's efforts on the Former Boston Specialty Rehabilitation Hospital Campus have been instrumental in providing housing relief for the distressed and less fortunate.
Who is the CEO of Bphc Mattapan Development Corp Inc?
Monica Valdes Lupi is the President (Thru 12/21) of Bphc Mattapan Development Corp Inc.
What is the revenue of Bphc Mattapan Development Corp Inc?
Bphc Mattapan Development Corp Inc's revenue in 2022 was $701,126.
Who are the executives of Bphc Mattapan Development Corp Inc and what are their salaries?
There 4 volunteers at Bphc Mattapan Development Corp Inc.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Bphc Mattapan Development Corp Inc?
Bphc Mattapan Development Corp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bphc Mattapan Development Corp Inc
Bphc Mattapan Development Corp Inc, as a nonprofit organization, is dedicated to promoting social welfare and bringing about civic betterments and social improvements. Its mission is to alleviate the burdens on government and help provide affordable housing to the residents of the city, specifically aiding those who are poor and distressed. Over the past decade, Bphc Mattapan Development Corp Inc has made significant strides in this mission, rehabilitating five abandoned historic buildings and creating and maintaining 330 residential units. Among these units, 308 are designed to be affordable for residents whose income falls below 60% of the area median income. This commendable work has been carried out on the organization's campus, formerly known as the Boston Specialty Rehabilitation Hospital Campus.
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Impact
October, 2024
Bphc Mattapan Development Corp Inc plays a crucial role in addressing the affordable housing crisis in Boston by transforming the former Boston Specialty Rehabilitation Hospital campus into a sustainable community. The organization focuses on rehabilitating historic, abandoned buildings and constructing new units, resulting in the creation and maintenance of over 300 affordable housing units specifically targeted for low-income residents earning 60% or less of the area median income. This effort not only provides essential housing options for those in need but also promotes civic betterment and social improvement within the community.
By partnering with for-profit entities through ground leases and loans, Bphc Mattapan leverages resources efficiently while minimizing the financial burden on government agencies. This strategic approach allows the organization to manage program revenue and surplus cash flow effectively, ensuring ongoing campus maintenance and the continuation of supportive services in the area.
Over the past decade, Bphc Mattapan's initiatives have significantly relieved housing pressures, benefitting the poor and distressed populations of Boston, while also revitalizing the local environment. The commitment to enhancing the quality of life for residents through affordable housing not only uplifts individuals and families but also contributes positively to the overall community dynamics.
This information is meant to be a general summary of Bphc Mattapan Development Corp 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.
- Program Service Revenue: $701,126
- Gross Receipts: $701,126
Assets and Liabilities:
- Total Assets: $25,938,858
- Total Liabilities: $0
- Net Assets: $25,938,858
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCRUED INTEREST ON LO
Revenue
$701,126
Organization Details
Founding Year
2007
Phone
(617) 538-9640Principal Officer
Monica Valdes Lupi
Main Address
1010 MASSACHUSETTS AVENUE, BOSTON, MA, 02118
NTEE Category
Code: L20 - Housing
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