Overview
What is Buffalo Federation Of Neighborhood Centers Inc?
Buffalo Federation of Neighborhood Centers Inc is a nonprofit organization situated in Buffalo, New York. Their primary mission is to enhance the lives of individuals and communities by providing housing and necessary services to those dealing with severe and persistent mental illnesses. They offer residential programs that help individuals, aged 18 and above, live at their optimal level as active members of society. This is achieved through licensed group homes, supportive apartments, or city apartments, where they provide assistance with daily living skills, medication management, crisis intervention, money management, and leisure time management. Their goal is to contribute positively to the community and empower individuals to meet contemporary urban challenges, ultimately realizing their full potential. The organization is staffed by 146 dedicated employees.
Official website here: www.bfnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Buffalo Federation Of Neighborhood Centers Inc received an 87% rating from Charity Navigator, reflecting a strong performance in accountability and finance. This score is indicative of the organization's commitment to transparency and responsible financial management, as demonstrated by its independent board members and robust financial oversight practices.
The organization excels in various financial metrics, including an impressive program expense ratio of 86.17%, which indicates that a significant portion of its expenses directly supports its programs. The lack of any material diversion of assets further underscores its fiscal integrity. Additionally, the organization has appropriate policies in place, such as conflict of interest and whistleblower protections, ensuring accountability within its operations.
However, the liabilities to assets ratio is a point of concern, standing at 61.64%. While this figure reflects a manageable level of liabilities, it may indicate potential risks in financial stability. Overall, while the Buffalo Federation Of Neighborhood Centers Inc demonstrates strong governance and effective program funding, it should aim to improve its financial ratios for a more balanced fiscal health.
This AI summary has been generated from information found on Charity Navigator.
Is Buffalo Federation Of Neighborhood Centers Inc legitimate?
Buffalo Federation Of Neighborhood Centers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Federation Of Neighborhood Centers 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:
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Official website here: www.bfnc.org
What is the mission statement of Buffalo Federation Of Neighborhood Centers Inc?
The Buffalo Federation of Neighborhood Centers Inc is committed to enhancing the lives of individuals and their communities by equipping and empowering them to tackle the challenges of contemporary urban living. Their mission is to help individuals with serious and persistent mental illnesses live fulfilling lives as active contributors to their community. Through their residential services programs, they offer support in daily living skills, medication management, crisis intervention, money management, and leisure time management, enabling consumers aged 18 and above to function optimally and reside in licensed group homes, supportive apartments, or city apartments. The ultimate objective is to improve the overall quality of life for the individuals and neighborhoods they serve.
Official website here: www.bfnc.org
Who is the CEO of Buffalo Federation Of Neighborhood Centers Inc?
Ricardo Herrera is the Principal Officer of Buffalo Federation Of Neighborhood Centers Inc. The CEO's salary of Buffalo Federation Of Neighborhood Centers Inc is $190,860 and their total compensation is $193,630.
Official website here: www.bfnc.org
What is the revenue of Buffalo Federation Of Neighborhood Centers Inc?
Buffalo Federation Of Neighborhood Centers Inc's revenue in 2022 was $8,808,218.
Official website here: www.bfnc.org
Who are the executives of Buffalo Federation Of Neighborhood Centers Inc and what are their salaries?
There are 146 employees and 100 volunteers at Buffalo Federation Of Neighborhood Centers Inc.
Here are 16 key members and their salaries (Buffalo Federation Of Neighborhood Centers Inc's CEO's salary is $190,860 and their total compensation is $193,630):
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- Compensation: $190,860
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- Other: $2,770
Official website here: www.bfnc.org
Where can I find the form 990 for Buffalo Federation Of Neighborhood Centers Inc?
Buffalo Federation Of Neighborhood Centers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bfnc.org
Learn more at the official website: www.bfnc.org
Mission Statement of Buffalo Federation Of Neighborhood Centers Inc
The Buffalo Federation of Neighborhood Centers Inc is dedicated to enhancing the lives of the individuals and communities it serves. Its mission is twofold: firstly, it aims to improve the quality of life of these individuals by equipping them with the necessary skills and resources to tackle the challenges of contemporary urban life. Secondly, it strives to help these individuals realize their full potential. This is achieved by providing housing and services specifically for those dealing with serious and persistent mental illness.
In the residential services programs offered by the Buffalo Federation of Neighborhood Centers Inc, consumers, who are often challenged by mental illness, are supported to function at their optimal level as contributing members of the community. Depending on their level of independence, consumers aged 18 and above live in licensed group homes, supportive apartments, or apartments in the city. The services provided include assistance with daily living skills, medication management, crisis/emergency intervention, money management, and leisure time management. These comprehensive services enable individuals to lead fulfilling lives and contribute positively to their communities.
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Impact
October, 2024
Buffalo Federation Of Neighborhood Centers Inc significantly enhances the lives of individuals facing serious and persistent mental illness by providing essential housing and support services. Through its community residences, the organization empowers consumers to engage as active, contributing members of society.
By offering a range of living arrangements — from licensed group homes to supportive apartments — it addresses varying levels of independence among consumers aged 18 and over. The program equips individuals with vital assistance in daily living skills, medication management, crisis intervention, and financial management, all tailored to foster independence and confidence.
The impact is profound: residents not only find stable housing but also regain a sense of purpose and community connection. This holistic approach improves their quality of life and promotes a supportive environment where they can thrive amidst contemporary urban challenges. In essence, Buffalo Federation Of Neighborhood Centers Inc plays a crucial role in uplifting individuals and strengthening neighborhoods in Buffalo, NY.
This information is meant to be a general summary of Buffalo Federation Of Neighborhood Centers 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: $4,187
- Program Service Revenue: $5,243,098
- Gross Receipts: $8,808,218
Assets and Liabilities:
- Total Assets: $12,343,789
- Total Liabilities: $7,609,906
- Net Assets: $4,733,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID
Revenue
$4,254,308
RENTAL REVENUE
Revenue
$988,790
Organization Details
Founding Year
1982
Phone
(716) 853-0600Principal Officer
Ricardo Herrera
Main Address
45 JEWETT AVENUE, BUFFALO, NY, 14214
Website
www.bfnc.orgNTEE Category
Code: L00 - Housing
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