Blue Mountain Housing Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133032463 ✦ Katonah, NY ✦ Designated as a 501(c)(3)

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Overview

What is Blue Mountain Housing Development Corporation?

Blue Mountain Housing Development Corporation is a nonprofit organization situated in Katonah, New York, specifically at CO Heckler-200 Katonah Ave 14A. Their primary mission is to contribute to the development of affordable housing in Westchester County, New York. To achieve this goal, they own and manage buildings that provide affordable living spaces for individuals within the community. This organization plays a significant role in addressing the housing needs of the local population, contributing to a more inclusive and equitable living environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 73%)

Blue Mountain Housing Development Corporation has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and financial practices, it has notable areas needing improvement. The charity has excelled in aspects such as having a fully independent board, with 10 members, and maintaining a high program expense ratio of nearly 100%, suggesting that almost all of its resources are directed toward its mission.

However, the organization has significant gaps in its transparency and governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention guidelines has contributed to its lower score. Additionally, the nonprofit has not made its website accessible according to required standards, as indicated by the missing tax form and other essential documents, which reflects a need for improvement in public accountability.

Overall, while Blue Mountain Housing Development Corporation shows a commitment to its mission through efficient program spending, the lack of essential governance policies and transparency measures are critical areas that the organization must address to enhance its overall rating and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is Blue Mountain Housing Development Corporation legitimate?

Blue Mountain Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue Mountain Housing Development Corporation 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

What is the mission statement of Blue Mountain Housing Development Corporation?

The Blue Mountain Housing Development Corporation's mission is centered around assisting in the development of affordable housing. This mission is carried out within the geographical region of Westchester County, New York. The organization demonstrates this commitment by owning and managing buildings that are utilized for providing affordable housing. By doing so, they contribute to making housing more accessible for individuals who may otherwise struggle with the high costs associated with housing.

Who is the CEO of Blue Mountain Housing Development Corporation?

Marc Levesque is the Director of Blue Mountain Housing Development Corporation.

What is the revenue of Blue Mountain Housing Development Corporation?

Blue Mountain Housing Development Corporation's revenue in 2022 was $66,226.

Who are the executives of Blue Mountain Housing Development Corporation and what are their salaries?


Here are 7 key members and their salaries:


Julie Stern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Dickan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Goldfine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Chintz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Mcgrath (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Mcspedon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Levesque (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Blue Mountain Housing Development Corporation?

Blue Mountain Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Blue Mountain Housing Development Corporation

Blue Mountain Housing Development Corporation, a nonprofit organization, is committed to assisting in the development of affordable housing in Westchester County, New York. Their mission is to provide affordable living solutions, demonstrating a dedication to addressing housing inequality in the area. The corporation achieves this by owning and operating buildings that cater to this need. These buildings serve as homes for individuals and families who may otherwise struggle to afford housing, contributing to a more inclusive and equitable community.

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Impact




August, 2024

Blue Mountain Housing Development Corporation's impact lies in its dedication to providing affordable housing solutions in Westchester County, New York. By owning and operating buildings in the town of Bedford for this purpose, the organization directly addresses the pressing need for affordable housing in the region. Through their efforts, Blue Mountain Housing Development Corporation positively impacts the lives of individuals and families by ensuring they have access to safe and affordable housing options. Their commitment to this cause helps to improve overall community well-being and support those in need of stable housing in Westchester County.




This information is meant to be a general summary of Blue Mountain Housing Development Corporation. 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.

Revenue
$66,226 (2022)
Expenses
$80,522 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $49
  • Program Service Revenue: $58,873
  • Gross Receipts: $66,226

Assets and Liabilities:

  • Total Assets: $867,371
  • Total Liabilities: $161,551
  • Net Assets: $705,820

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTS - SECTION 8

Revenue

$33,721

RENTS - TENANTS

Revenue

$25,152

Organization Details

Founding Year

1985

Principal Officer

Marc Levesque

Main Address

CO HECKLER-200 KATONAH AVE 14A, KATONAH, NY, 10536

NTEE Category

Code: L20 - Housing

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