Overview
What is The Bristol Home Inc?
The Bristol Home Inc, situated in Clarence Center, New York, was a nonprofit organization specializing in assisted living for elderly adults. Operating a 54-bed facility in Buffalo, it aimed to subsidize the cost of care for elderly residents who found it financially challenging. In addition to the home, they managed Bristolwood Apartments, an eight-unit complex for the elderly. The organization's operations were regulated by the New York State Department of Social Services. Despite its admirable mission, The Bristol Home Inc ceased its operations on March 30, 2021, and sold all its property and equipment on May 2, 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
The Bristol Home Inc has achieved a Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored an impressive 94% overall, with its rating primarily derived from its exceptional accountability measures. This reflects a commitment to transparency and responsible financial management, underscored by a 0% liabilities to assets ratio and a high program expense ratio of 94.57%.
Strengths of The Bristol Home include its entirely independent board, with 100% of members being independent, which is a significant factor in maintaining a high level of oversight and governance. The organization also complies with best practices by having established policies for conflict of interest, whistleblowing, and document retention, all of which contribute to its robust accountability framework.
While the data indicates strong financial health and governance, potential donors may want to explore further aspects such as program impact and community feedback to gain a holistic view of the organization’s effectiveness in fulfilling its mission. Overall, The Bristol Home Inc demonstrates a solid foundation for trust and reliability in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Bristol Home Inc legitimate?
The Bristol Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bristol Home 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
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For more financial information, click here
What is the mission statement of The Bristol Home Inc?
The mission of The Bristol Home Inc. is centered around providing financial aid to subsidize the cost of care for elderly adults who reside at their facility and cannot afford it themselves. This organization aims to ensure that these seniors receive the necessary care they require, despite their financial constraints. Operating as a not-for-profit assisted living home, The Bristol Home Inc. offers a supportive environment for its residents. While the organization's operating license was surrendered in March 2021, its mission to assist elderly adults in need remains a significant part of its legacy.
Who is the CEO of The Bristol Home Inc?
Michael Helbringer is the Board Member/Vice Chairperson of The Bristol Home Inc. The CEO's salary of The Bristol Home Inc is $0 and their total compensation is $268,481.
What is the revenue of The Bristol Home Inc?
The Bristol Home Inc's revenue in 2023 was $1,198,584.
Who are the executives of The Bristol Home Inc and what are their salaries?
There 16 volunteers at The Bristol Home Inc.
Here are 18 key members and their salaries (The Bristol Home Inc's CEO's salary is $0 and their total compensation is $268,481):
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- Related: $214,497
- Other: $53,984
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- Related: $85,530
- Other: $15,310
Where can I find the form 990 for The Bristol Home Inc?
The Bristol Home Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Bristol Home Inc
The Bristol Home Inc, a nonprofit organization, is committed to providing monetary assistance to subsidize the cost of care for elderly adults who cannot afford it. These elderly individuals reside at Bristol Village. The mission of The Bristol Home Inc is to alleviate the financial burden associated with eldercare, ensuring that these individuals can receive the necessary care they require without facing financial hardship. The organization operates with the aim of making eldercare more accessible and affordable, thereby improving the quality of life for elderly adults in need.
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Impact
October, 2024
The Bristol Home Inc. made a significant impact by providing monetary assistance to elderly adults who were unable to afford the cost of care, specifically those residing at Bristol Village in Buffalo, New York. It operated a 54-bed assisted living facility that supported vulnerable seniors in achieving a better quality of life by ensuring they had access to necessary care and support. Additionally, the organization managed Bristolwood Apartments, which offered independent living options for elderly residents.
By addressing financial barriers to care, The Bristol Home Inc. played a vital role in enhancing the well-being of many elderly individuals and their families. Although the organization's operating license was surrendered in March 2021 and property sales took place in May 2022, its legacy reflects a commitment to human services and the betterment of senior living conditions in the community.
This information is meant to be a general summary of The Bristol Home 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 2023.
- Investment Income: $1,088,706
- Program Service Revenue: $6,575
- Gross Receipts: $2,176,794
Assets and Liabilities:
- Total Assets: $2,513,304
- Total Liabilities: $0
- Net Assets: $2,513,304
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$6,575
Organization Details
Founding Year
1868
Phone
(716) 406-9500Principal Officer
Michael Helbringer
Main Address
8455 CLARENCE CENTER ROAD, CLARENCE CENTER, NY, 14032
NTEE Category
Code: P70 - Human services
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