Overview
What is Bellerose Senior Housing Development Fund Company Inc?
Bellerose Senior Housing Development Fund Company Inc, located in Brooklyn, New York, is a nonprofit organization committed to offering safe and affordable housing for elderly and disabled individuals of low income. Based at 191 Joralemon Street, the company manages a housing project subsidized by the U.S. Department of Housing and Urban Development (HUD). The organization's primary mission is to ensure that elderly and disabled individuals have access to secure living spaces that cater to their unique needs, thereby contributing positively to their overall well-being.
Official website here: www.ccbq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Bellerose Senior Housing Development Fund Company Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various accountability and finance metrics. The overall score of 66% highlights both strengths and weaknesses within the organization, particularly concerning its board governance and financial transparency. Notably, the organization lacks independent board members, which raises concerns about oversight and decision-making effectiveness.
On the positive side, Bellerose Senior Housing Development demonstrates a strong commitment to transparency in certain areas, such as maintaining a conflict of interest policy and having well-documented board meeting minutes. Additionally, the organization scored well on its program expense ratio, indicating that a significant portion of its funds is directed toward its programs. The absence of a material diversion of assets shows financial integrity in terms of asset management.
However, the organization faces notable challenges, particularly regarding its liabilities to assets ratio, which is exceedingly high at 188.44%. This indicates financial instability that could pose risks to its operations and sustainability. Furthermore, the lack of independent board members and the missing tax form on its website detracts from its overall accountability and transparency efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Bellerose Senior Housing Development Fund Company Inc legitimate?
Bellerose Senior Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bellerose Senior Housing Development Fund Company 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.ccbq.org
What is the mission statement of Bellerose Senior Housing Development Fund Company Inc?
Bellerose Senior Housing Development Fund Company Inc is committed to providing safe and affordable housing for elderly and disabled individuals of low income. This non-profit organization operationalizes this mission by managing a HUD-subsidized housing project specifically designed for this demographic. Their primary goal is to ensure that these vulnerable individuals have a secure living environment within their means. The company's activities focus on addressing the housing needs of this particular community, contributing to their overall well-being and quality of life.
Official website here: www.ccbq.org
Who is the CEO of Bellerose Senior Housing Development Fund Company Inc?
Jeanne M Diulio is the Cfo (Thru 12/31/21) of Bellerose Senior Housing Development Fund Company Inc. The CEO's salary of Bellerose Senior Housing Development Fund Company Inc is $0 and their total compensation is $43,612.
Official website here: www.ccbq.org
What is the revenue of Bellerose Senior Housing Development Fund Company Inc?
Bellerose Senior Housing Development Fund Company Inc's revenue in 2022 was $777,378.
Official website here: www.ccbq.org
Who are the executives of Bellerose Senior Housing Development Fund Company Inc and what are their salaries?
Here are 10 key members and their salaries (Bellerose Senior Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $43,612):
- Compensation: $0
- Related: $281,091
- Other: $8,117
- Compensation: $0
- Related: $186,761
- Other: $19,438
- Compensation: $0
- Related: $159,468
- Other: $40,415
- Compensation: $0
- Related: $162,994
- Other: $21,195
- Compensation: $0
- Related: $140,193
- Other: $40,597
- Compensation: $0
- Related: $158,241
- Other: $16,129
- Compensation: $0
- Related: $141,607
- Other: $27,615
- Compensation: $0
- Related: $139,730
- Other: $18,149
- Compensation: $0
- Related: $46,097
- Other: $1,504
- Compensation: $0
- Related: $37,111
- Other: $6,501
Official website here: www.ccbq.org
Where can I find the form 990 for Bellerose Senior Housing Development Fund Company Inc?
Bellerose Senior Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccbq.org
Learn more at the official website: www.ccbq.org
Mission Statement of Bellerose Senior Housing Development Fund Company Inc
Bellerose Senior Housing Development Fund Company Inc, as its name suggests, is dedicated to providing a secure and economical living environment for the elderly and disabled individuals of limited financial means. This nonprofit organization's mission is centered around offering safe and affordable housing, catering specifically to this vulnerable population. To accomplish this, Bellerose Senior Housing Development Fund Company Inc operates a housing project that has been subsidized by the U.S. Department of Housing and Urban Development (HUD). This project serves as a sanctuary for elderly and disabled individuals with low income, ensuring they have a place to call home.
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Impact
July, 2024
Bellerose Senior Housing Development Fund Company Inc's impact is evident in its provision of safe and affordable housing for elderly and disabled persons of low income. By owning and operating a HUD subsidized housing project in Brooklyn, NY, this organization plays a crucial role in meeting the housing needs of vulnerable individuals in the community. The availability of such housing contributes to improved quality of life, security, and stability for elderly and disabled individuals who may otherwise struggle to find suitable accommodation. In this way, Bellerose Senior Housing Development Fund Company Inc positively impacts the lives of those in need by addressing a critical social need in the community.
This information is meant to be a general summary of Bellerose Senior Housing Development Fund Company 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: $773,932
- Gross Receipts: $777,378
Assets and Liabilities:
- Total Assets: $2,543,796
- Total Liabilities: $4,552,902
- Net Assets: -$2,009,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$773,932
Organization Details
Founding Year
1989
Phone
(718) 722-6150Principal Officer
Jeanne M Diulio
Main Address
191 JORALEMON STREET, BROOKLYN, NY, 11201
Website
www.ccbq.orgIf you are a representative of Bellerose Senior Housing Development Fund Company Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.