Overview
What is Beneficent House?
Beneficent House is a nonprofit organization situated in Providence, Rhode Island. Their primary mission is to provide affordable housing to families with modest incomes. This mission is carried out by offering low to moderate cost housing within the Providence area. The organization's commitment to this cause is evident in their activities, which are geared towards meeting the housing needs of those who fall under the low to moderate income bracket.
Official website here: www.beneficenthouse.com
What do the Facebook reviews say about Beneficent House?
Beneficent House seems to create a positive environment for its residents. One reviewer, who has lived there for a decade, praised the attentive management team and the responsiveness to any concerns or issues that arise. Highlighting the well-maintained amenities, such as a gym and communal spaces, the reviewer noted that these facilities significantly enhance the living experience.
The prime location is another major plus, as residents enjoy convenient access to public transportation, shopping, and dining options. Despite its central setting, the apartment complex maintains a peaceful atmosphere, allowing for a good balance between relaxation and productivity. Additionally, the sense of community is emphasized, with various social events fostering connections among neighbors.
Overall, it seems that Beneficent House effectively delivers on its promises of quality living through excellent management and a welcoming atmosphere, making it a highly recommended choice for potential tenants.
This AI summary has been generated from reviews found on Facebook.
Is Beneficent House legitimate?
Beneficent House is a legitimate nonprofit organization registered as a 501(c)(4) entity. Beneficent House 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.
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Official website here: www.beneficenthouse.com
What is the mission statement of Beneficent House?
The mission of Beneficent House is focused on providing affordable housing options. Specifically, it aims to cater to families with moderate incomes, offering them housing solutions within a reasonable price range. This organization is committed to making a difference in the lives of these families by ensuring they have access to suitable housing options. The primary activity of Beneficent House revolves around offering low-cost housing solutions to individuals and families with moderate income levels.
Official website here: www.beneficenthouse.com
Who is the CEO of Beneficent House?
April Lau is the Member of Beneficent House.
Official website here: www.beneficenthouse.com
What is the revenue of Beneficent House?
Beneficent House's revenue in 2022 was $2,580,952.
Official website here: www.beneficenthouse.com
Who are the executives of Beneficent House and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.beneficenthouse.com
Where can I find the form 990 for Beneficent House?
Beneficent House's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beneficenthouse.com
Learn more at the official website: www.beneficenthouse.com
Mission Statement of Beneficent House
Beneficent House, a nonprofit organization, is dedicated to providing an essential service in the housing sector. Its mission is to offer affordable housing solutions to families with moderate incomes, residing in the Providence area. This mission is carried out by providing low to moderate cost housing for these families, ensuring they have a secure and comfortable living environment. By doing so, Beneficent House contributes significantly to the well-being of its community, providing a vital resource for families in need.
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Impact
October, 2024
Beneficent House significantly impacts the Providence area by offering low to moderate-cost housing to low and moderate-income families. By addressing the critical need for affordable housing, it enhances community stability and welfare, alleviating the financial burdens many families face. This initiative fosters a sense of security and belonging, enabling families to thrive in their environment. Moreover, by providing accessible housing options, Beneficent House contributes to the overall economic health of the community, allowing families to allocate resources toward essential needs such as education and healthcare. Its mission ultimately promotes social equity and enhances the quality of life for numerous individuals and families in the region.
This information is meant to be a general summary of Beneficent House. 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.
- Investment Income: $27,453
- Program Service Revenue: $2,517,499
- Gross Receipts: $2,580,952
Assets and Liabilities:
- Total Assets: $7,706,410
- Total Liabilities: $3,027,395
- Net Assets: $4,679,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$2,340,924
GARAGE & PARKING RENTAL
Revenue
$120,360
SERVICE INCOME
Revenue
$56,215
Organization Details
Founding Year
1963
Phone
(401) 331-4755Principal Officer
April Lau
Main Address
1 CHESTNUT STREET, PROVIDENCE, RI, 02903
Website
www.beneficenthouse.comNTEE Category
Code: L22 - Housing
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