Overview
What is Better Community Neighborhoods Inc?
Better Community Neighborhoods Inc, based in Schwenctady, New York, is a nonprofit organization with a mission to enhance the livability and property values of the city and surrounding counties. They achieve this goal by leveraging local knowledge, expertise, and partnerships to provide resources and create opportunities for current and future neighborhood residents through affordable housing initiatives. With a team of 15 dedicated individuals, Better Community Neighborhoods Inc strives to develop and deliver quality housing solutions in the community.
Official website here: www.bcnihousing.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Better Community Neighborhoods Inc has earned a three-star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has a robust accountability framework, with a fully independent board and comprehensive financial oversight measures in place, which enhances its credibility and governance.
Strengths include a high program expense ratio of 85.12%, reflecting a strong commitment to utilizing funds primarily for its mission-driven programs. The organization also demonstrates transparency through listed policies for conflicts of interest and whistleblowing, as well as documented board meeting minutes, all contributing to its accountability score.
However, the organization received a lower score in the liabilities to assets ratio, which may raise some concerns about financial stability. Overall, while there are areas for improvement, Better Community Neighborhoods Inc shows a strong commitment to responsible financial management and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Better Community Neighborhoods Inc legitimate?
Better Community Neighborhoods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Community Neighborhoods 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: $165,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $507,441
For more financial information, click here
Official website here: www.bcnihousing.org/
What is the mission statement of Better Community Neighborhoods Inc?
Better Community Neighborhoods Inc's mission is centered around utilizing local knowledge, expertise, and partnerships to generate and deliver resources. This is done with the aim of creating opportunities for current and future neighborhood residents through affordable and quality housing initiatives. The organization's primary goal is to enhance the livability and property values in the communities they serve.
Official website here: www.bcnihousing.org/
Who is the CEO of Better Community Neighborhoods Inc?
Jennica Huff is the President of Better Community Neighborhoods Inc. The CEO's salary of Better Community Neighborhoods Inc is $127,813 and their total compensation is $137,649.
Official website here: www.bcnihousing.org/
What is the revenue of Better Community Neighborhoods Inc?
Better Community Neighborhoods Inc's revenue in 2022 was $2,394,843.
Official website here: www.bcnihousing.org/
Who are the executives of Better Community Neighborhoods Inc and what are their salaries?
The average compensation at Better Community Neighborhoods Inc during 2022 was $44,869. There are 15 employees at Better Community Neighborhoods Inc.
Here are 19 key members and their salaries (Better Community Neighborhoods Inc's CEO's salary is $127,813 and their total compensation is $137,649):
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- Compensation: $127,813
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- Other: $9,836
- Compensation: $25,846
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- Other: $2,099
Official website here: www.bcnihousing.org/
Where can I find the form 990 for Better Community Neighborhoods Inc?
Better Community Neighborhoods Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bcnihousing.org/
Learn more at the official website: www.bcnihousing.org/
Mission Statement of Better Community Neighborhoods Inc
Better Community Neighborhoods Inc, a nonprofit organization, is dedicated to creating opportunities for current and future neighborhood residents through quality, affordable housing activities. Leveraging local knowledge and expertise, as well as forming strategic partnerships, Better Community Neighborhoods Inc works tirelessly to develop and deliver resources that enhance livability and property values in the city and surrounding counties. The organization's mission is to stimulate improvement in the communities it serves, ultimately aiming to contribute positively to the overall well-being and quality of life for its residents.
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Impact
October, 2024
Better Community Neighborhoods Inc significantly enhances the livability and property values in Schenectady and its surrounding areas. By leveraging local knowledge, expertise, and partnerships, the organization develops and delivers vital resources aimed at creating opportunities for current and future residents. Their focus on quality, affordable housing activities addresses critical needs within the community, fostering a more stable and thriving neighborhood environment.
The impact of their work is evident in the improved quality of life for residents, as well as the stimulation of local economies through strategic housing initiatives. By aiding the improvement of neighborhoods, Better Community Neighborhoods Inc not only elevates property values but also cultivates a sense of community pride and belonging. The ongoing efforts contribute to sustainable neighborhood development, making Schenectady a better place to live for everyone.
This information is meant to be a general summary of Better Community Neighborhoods 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: $336,771
- Program Service Revenue: $296,914
- Gross Receipts: $2,713,142
Assets and Liabilities:
- Total Assets: $1,812,736
- Total Liabilities: $966,598
- Net Assets: $846,138
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE REVENUE
Revenue
$179,106
RENTAL INCOME
Revenue
$117,808
Organization Details
Founding Year
1966
Phone
(518) 372-7616Principal Officer
Jennica Huff
Main Address
670 FRANKLIN ST 201, SCHENECTADY, NY, 12305
Website
www.bcnihousing.org/NTEE Category
Code: L20Z - Housing
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