Overview
What is Belmont Housing Resources For Wny Inc?
Belmont Housing Resources For Wny Inc, situated in Buffalo, New York, is a dedicated nonprofit organization committed to expanding affordable housing opportunities in Western New York. They achieve this goal by assisting low and moderate-income households in obtaining housing, producing and preserving housing units, and professionally managing affordable housing. With a team of 164 employees, they strive to make a significant impact in the community by ensuring that a broader range of individuals has access to safe and affordable living spaces.
Official website here: www.belmonthousingwny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Belmont Housing Resources For Wny Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance primarily in accountability and finance. The organization scored highly across all evaluated metrics, demonstrating effective governance with 100% of board members being independent. This commitment to transparency and oversight enhances the organization’s credibility and reliability.
The financial health of Belmont Housing Resources is robust, with a program expense ratio of 90.07%, indicating that a significant majority of funds are directed towards its mission-related activities. Additionally, the organization exhibits sound fiscal management, as evidenced by a liabilities-to-assets ratio of 34.56%, allowing for sustainable operations and growth. This financial stewardship is crucial for maintaining donor trust and support.
Although the overall data provided highlights the strengths of Belmont Housing Resources, there were no noted limitations or areas of concern. The organization's adherence to best practices and comprehensive policies, including conflict of interest and whistleblower policies, further underscores its commitment to ethical standards and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Housing Resources For Wny Inc legitimate?
Belmont Housing Resources For Wny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Housing Resources For Wny 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: $726,671
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,318,428
For more financial information, click here
Official website here: www.belmonthousingwny.org
What is the mission statement of Belmont Housing Resources For Wny Inc?
Belmont Housing Resources For Wny Inc's mission is focused on increasing affordable housing opportunities in Western New York. They achieve this by aiding low and moderate-income households in obtaining housing, producing and preserving housing units, and professionally managing affordable housing properties. The organization's goal is to expand the availability of affordable housing options in the region, thereby contributing to a more inclusive community.
Official website here: www.belmonthousingwny.org
Who is the CEO of Belmont Housing Resources For Wny Inc?
Michael Riegel is the Board Member of Belmont Housing Resources For Wny Inc.
Official website here: www.belmonthousingwny.org
What is the revenue of Belmont Housing Resources For Wny Inc?
Belmont Housing Resources For Wny Inc's revenue in 2022 was $8,832,569.
Official website here: www.belmonthousingwny.org
Who are the executives of Belmont Housing Resources For Wny Inc and what are their salaries?
The average compensation at Belmont Housing Resources For Wny Inc during 2022 was $30,763. There are 164 employees and 25 volunteers at Belmont Housing Resources For Wny Inc.
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- Compensation: $138,293
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- Other: $23,006
- Compensation: $191,328
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- Other: $22,675
- Compensation: $149,427
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- Other: $7,501
- Compensation: $119,775
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- Other: $13,061
Official website here: www.belmonthousingwny.org
Where can I find the form 990 for Belmont Housing Resources For Wny Inc?
Belmont Housing Resources For Wny Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmonthousingwny.org
Learn more at the official website: www.belmonthousingwny.org
Mission Statement of Belmont Housing Resources For Wny Inc
Belmont Housing Resources for WNY Inc is committed to expanding affordable housing opportunities in Western New York. They accomplish this mission by providing assistance to low and moderate income households in obtaining housing, producing and preserving housing units, and professionally managing affordable housing. By taking these steps, Belmont Housing Resources for WNY Inc aims to increase the availability of affordable housing options for those in need. Their mission is vital in ensuring that individuals and families have access to safe and affordable living spaces, thereby improving their overall quality of life.
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Impact
October, 2024
Belmont Housing Resources for WNY Inc. significantly impacts Western New York by increasing the availability of affordable housing for low and moderate-income households. Through dedicated efforts, they assist families in navigating the housing market, ensuring access to safe and stable living environments. Their initiatives include producing new housing units and preserving existing properties, all while providing professional management services to maintain quality standards.
By expanding affordable housing opportunities, Belmont not only addresses immediate housing needs but also contributes to the economic stability of the community. Their work helps reduce homelessness, boosts local economies through stable housing, and fosters healthier neighborhoods. The organization plays a crucial role in enhancing the overall quality of life for many residents in Buffalo and surrounding areas, making housing more accessible and equitable.
This information is meant to be a general summary of Belmont Housing Resources For Wny 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: $214,089
- Program Service Revenue: $6,709,078
- Gross Receipts: $9,779,371
Assets and Liabilities:
- Total Assets: $18,607,433
- Total Liabilities: $6,432,102
- Net Assets: $12,175,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT, CONSULTING
Revenue
$6,709,078
Organization Details
Founding Year
1977
Phone
(716) 884-7791Principal Officer
Michael Riegel
Main Address
2393 MAIN STREET, BUFFALO, NY, 14214
Website
www.belmonthousingwny.orgNTEE Category
Code: L020 - Housing
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