Overview
What is Connecticut Baptist Housing Inc?
Connecticut Baptist Housing Inc is a nonprofit organization located at 292 Thorpe Avenue, Meriden, CT. Their primary mission is to offer high-quality, moderately priced rental units for the elderly in a campus setting, ensuring safety and accessibility. The nonprofit, affiliated with the American Baptist Churches of Connecticut, prioritizes recognizing the value of each individual and upholds a commitment to excellence and quality. Through their faith-based mission, they provide compassionate, affordable independent services to seniors, maintaining a 100% occupancy at their Cedar Ridge facility.
Official website here: www.ctbaptisthomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star Rating)
Connecticut Baptist Housing Inc holds a Two-Star rating from Charity Navigator, indicating some areas of accountability and financial management that require improvement. The organization boasts a strong commitment to governance, with 100% independent board members and appropriate oversight mechanisms in place, such as an audit and oversight committee. However, the financial health of the organization raises concerns, particularly highlighted by a liabilities to assets ratio of 105.51%, which suggests potential financial instability.
While the organization demonstrates a solid commitment to essential governance policies, such as conflict of interest and whistleblower protections, it falls short in transparency regarding financial reporting. Specifically, the absence of its tax form on the nonprofit's website, as required, has contributed to a lower overall score in financial accountability. Additionally, the program expense ratio of 56.09% indicates that a significant portion of its budget is not being allocated directly to its programs.
Overall, while Connecticut Baptist Housing Inc has strengths in its governance structure, significant financial and transparency challenges hinder its overall performance. Stakeholders may want to closely monitor its financial practices to ensure the organization's sustainability and effectiveness in meeting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Baptist Housing Inc legitimate?
Connecticut Baptist Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Baptist Housing 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
For more financial information, click here
Official website here: www.ctbaptisthomes.org
What is the mission statement of Connecticut Baptist Housing Inc?
Connecticut Baptist Housing Inc's mission, as a faith-based organization affiliated with the American Baptist Churches of Connecticut, is to provide compassionate and affordable independent services to seniors. Guided by their commitment to excellence and quality, their mission is to recognize the value of each individual. By offering affordable, high-quality rental units in a campus setting, such as Cedar Ridge, they support seniors in maintaining their independence, dignity, and choice. Their services are delivered in a faith-based, mission-driven setting that prioritizes the well-being of its tenants.
Official website here: www.ctbaptisthomes.org
Who is the CEO of Connecticut Baptist Housing Inc?
Patricia Morse is the Chairperson of Connecticut Baptist Housing Inc.
Official website here: www.ctbaptisthomes.org
What is the revenue of Connecticut Baptist Housing Inc?
Connecticut Baptist Housing Inc's revenue in 2022 was $474,906.
Official website here: www.ctbaptisthomes.org
Who are the executives of Connecticut Baptist Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $307,402
- Other: $37,839
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Official website here: www.ctbaptisthomes.org
Where can I find the form 990 for Connecticut Baptist Housing Inc?
Connecticut Baptist Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctbaptisthomes.org
Learn more at the official website: www.ctbaptisthomes.org
Mission Statement of Connecticut Baptist Housing Inc
Connecticut Baptist Housing Inc, a faith-based organization affiliated with the American Baptist Churches of Connecticut, is committed to providing compassionate and affordable independent services to seniors. Recognizing the inherent value of each individual, the organization strives for excellence and quality in all its endeavors. Their mission is to offer elderly housing and services in a respectful, mission-driven setting that upholds the dignity and autonomy of its tenants.
At Cedar Ridge, one of their facilities, Connecticut Baptist Housing Inc provides high-quality, moderately priced rental units. The 38 one-bedroom units are designed with safety and accessibility in mind, creating a secure living environment for seniors. The community support at Cedar Ridge aims to empower tenants to maintain their independence, dignity, and choices. With a 100% occupancy rate, the organization ensures that seniors have a secure and comfortable living space. By prioritizing the well-being and autonomy of its residents, Connecticut Baptist Housing Inc strives to provide a faith-based living environment that caters to the unique needs of its elderly population.
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Impact
July, 2024
Connecticut Baptist Housing Inc, through its Cedar Ridge facility in Meriden, CT, has a direct impact by providing high quality, moderately priced rental units in a campus setting specifically designed for safety and accessibility for elderly individuals. With a 100% occupancy rate, this organization supports each tenant in maintaining their maximum independence, dignity, and choice in a faith-based, mission-driven setting. Their mission of recognizing the value of each individual and providing compassionate, affordable independent services to seniors aligns with their commitment to excellence and quality, ultimately making a positive impact on the lives of elderly individuals in the community.
This information is meant to be a general summary of Connecticut Baptist Housing 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.
- Investment Income: $101
- Program Service Revenue: $474,805
- Gross Receipts: $474,906
Assets and Liabilities:
- Total Assets: $2,437,376
- Total Liabilities: $2,466,344
- Net Assets: -$28,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$474,805
Organization Details
Founding Year
1992
Phone
(203) 237-1206Principal Officer
Patricia Morse
Main Address
292 THORPE AVENUE, MERIDEN, CT, 064507184
Website
www.ctbaptisthomes.orgNTEE Category
Code: E91Z - Health
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