Overview
What is East Brooklyn Churches Sponsoring C?
East Brooklyn Churches Sponsoring C is a nonprofit organization dedicated to making homeownership a reality for individuals with low incomes. Their mission is deeply rooted in the desire to fulfill the dreams of those who might not otherwise have the chance to own a home. By offering opportunities and rights, they strive to provide housing for this demographic, thereby contributing positively to their community. The organization's primary focus is on delivering housing solutions to low-income earners.
What are the reviews and ratings of this charity?
Charity Navigator rating: One-Star out of Four Stars (56%)
East Brooklyn Churches Sponsoring C has received a low rating of 56%, primarily due to its accountability and financial practices. The organization has no independent board members, which raises concerns about governance and oversight. While they have demonstrated a solid program expense ratio of 74.29%, indicating a significant portion of their resources is allocated to their programs, their financial reporting practices are lacking.
The organization does have some strengths, such as having a conflict of interest policy in place and maintaining proper documentation for board meetings. However, critical documents like financial statements and their website presence are either missing or not adequately addressed. This absence of transparency can be a red flag for potential donors who seek assurance about the management and operational integrity of nonprofits.
In summary, while East Brooklyn Churches Sponsoring C shows commitment through its program expenses, the lack of independent governance and incomplete financial documentation significantly impacts its overall rating. Potential supporters may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is East Brooklyn Churches Sponsoring C legitimate?
East Brooklyn Churches Sponsoring C is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Brooklyn Churches Sponsoring C 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: $423,876
For more financial information, click here
What is the mission statement of East Brooklyn Churches Sponsoring C?
The organization, East Brooklyn Churches Sponsoring C, is dedicated to fulfilling the dreams of individuals who typically cannot afford home ownership. Committed to this cause, the organization offers an opportunity and the right for low-income earners to secure housing. Their mission is centered around providing housing solutions for this group, aiming to make homeownership a possibility despite financial constraints.
What is the revenue of East Brooklyn Churches Sponsoring C?
East Brooklyn Churches Sponsoring C's revenue in 2023 was $429,351.
Who are the executives of East Brooklyn Churches Sponsoring C and what are their salaries?
The average compensation at East Brooklyn Churches Sponsoring C during 2023 was $70,646. There are 6 employees at East Brooklyn Churches Sponsoring C.
Here are 4 key members and their salaries:
- Compensation: $145,612
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for East Brooklyn Churches Sponsoring C?
East Brooklyn Churches Sponsoring C's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of East Brooklyn Churches Sponsoring C
East Brooklyn Churches Sponsoring C, a nonprofit organization, is dedicated to fulfilling the dreams of individuals who typically cannot afford to own a home. Their mission is to provide a chance and the right for low-income earners to secure housing. By offering this opportunity, East Brooklyn Churches Sponsoring C aims to make homeownership a reality for those who might otherwise be excluded from this privilege. The organization's commitment to this cause stems from their belief in the importance of allowing everyone to have a place to call their own.
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Impact
July, 2024
The impact of East Brooklyn Churches Sponsoring C is significant in providing housing opportunities to low-income earners in Brooklyn, NY. By fulfilling the dream of homeownership for those who may not have the means to do so otherwise, the organization is making a positive difference in the community. Their mission to provide housing to low-income earners contributes to improving the quality of life for individuals and families in need. Through their efforts, East Brooklyn Churches Sponsoring C is actively working towards community improvement and bettering the lives of its residents.
This information is meant to be a general summary of East Brooklyn Churches Sponsoring C. 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: $1,045
- Gross Receipts: $429,351
Assets and Liabilities:
- Total Assets: $1,320,178
- Total Liabilities: $0
- Net Assets: $1,320,178
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Organization Details
Founding Year
1981
Principal Officer
David Brawley
NTEE Category
Code: S200 - Community improvement
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