Overview
What is Horace Bushnell Congregate Homes Inc C/O Better Quality Management?
Horace Bushnell Congregate Homes Inc C/O Better Quality Management is a nonprofit organization situated in Hartford, Connecticut. Their primary focus is on providing low-income elderly congregate housing, offering a residential community for seniors in need. Based at 51 Vine Street 5A, this organization's mission is to enrich the lives of the elderly in Hartford by offering secure, affordable housing. The organization's activities are centered around this mission, ensuring the elderly have a supportive and comfortable living environment.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% - Three-Star out of Four Star rating.
Horace Bushnell Congregate Homes Inc. has earned a solid Three-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The score is based solely on a single beacon score focused on Accountability & Finance, indicating that the organization excels in financial transparency and governance. The board of directors is entirely independent, which is a positive sign of the organization's commitment to impartial oversight.
The organization demonstrates strong program expense management, with an impressive program expense ratio of 83.61%, meaning that a significant portion of its expenses is directed towards its programs. Additionally, it has no reported material diversion of assets, showcasing responsible financial management practices. The charity's conflict of interest policy is in place, further enhancing its accountability.
However, there is a noted limitation in the Liabilities to Assets ratio, which stands at 59.63%. While the organization maintains a generally healthy financial structure, this ratio may suggest some level of financial leverage that could be a point of concern for potential donors. Overall, Horace Bushnell Congregate Homes Inc. appears to be a well-managed nonprofit with strong financial practices, but it may need to address its liabilities moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Horace Bushnell Congregate Homes Inc C/O Better Quality Management legitimate?
Horace Bushnell Congregate Homes Inc C/O Better Quality Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horace Bushnell Congregate Homes Inc C/O Better Quality Management 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 Horace Bushnell Congregate Homes Inc C/O Better Quality Management?
The mission of Horace Bushnell Congregate Homes Inc, managed by Better Quality Management, is centered around providing affordable congregate housing for the elderly with limited income. They strive to create an environment that caters to the needs of this demographic, ensuring they have a comfortable living space. While the information provided does not detail the specifics of their approach or additional services, it is clear that their primary focus is on offering low-income elderly congregate housing.
Who is the CEO of Horace Bushnell Congregate Homes Inc C/O Better Quality Management?
Natalie Mendes is the President of Horace Bushnell Congregate Homes Inc C/O Better Quality Management.
What is the revenue of Horace Bushnell Congregate Homes Inc C/O Better Quality Management?
Horace Bushnell Congregate Homes Inc C/O Better Quality Management's revenue in 2022 was $1,277,305.
Who are the executives of Horace Bushnell Congregate Homes Inc C/O Better Quality Management and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Horace Bushnell Congregate Homes Inc C/O Better Quality Management?
Horace Bushnell Congregate Homes Inc C/O Better Quality Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Horace Bushnell Congregate Homes Inc C/O Better Quality Management
Horace Bushnell Congregate Homes Inc C/O Better Quality Management is dedicated to providing low-income elderly housing in a congregate setting. This nonprofit organization's mission is to cater to the housing needs of the elderly population, offering them a secure and supportive living environment. By operating a low-income elderly congregate housing project, Horace Bushnell Congregate Homes Inc C/O Better Quality Management aims to contribute to the well-being of the elderly community, ensuring they have access to affordable and comfortable living spaces. The project, located in Hartford, Connecticut, houses 60 units, providing a home and community for those in need. The organization's mission is a testament to its commitment to supporting the elderly, providing them with a dignified living environment and fostering a sense of community within the project.
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Impact
July, 2024
The impact of Horace Bushnell Congregate Homes Inc C/O Better Quality Management is significant as it provides low-income elderly individuals with congregate housing in Hartford, CT. By offering affordable housing options for this vulnerable population, the organization helps enhance the quality of life for elderly residents who may otherwise struggle to find suitable accommodations. Through its operation of 60 units dedicated to this purpose, the organization plays a crucial role in addressing the housing needs of low-income seniors in the Hartford community.
This information is meant to be a general summary of Horace Bushnell Congregate Homes Inc C/O Better Quality Management. 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: $1,277,305
- Gross Receipts: $1,277,305
Assets and Liabilities:
- Total Assets: $4,148,242
- Total Liabilities: $2,325,635
- Net Assets: $1,822,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTION 8 SUBSIDIES
Revenue
$1,048,109
TENANT RENTAL INCOME
Revenue
$117,330
SERVICE COORDINATOR IN
Revenue
$79,681
LAUNDRY & VENDING REVE
Revenue
$32,185
Organization Details
Founding Year
1983
Phone
(860) 549-4877Principal Officer
Natalie Mendes
Main Address
51 VINE STREET 5A, HARTFORD, CT, 06112
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