Overview
What is Brookside Redevelopment Co Inc?
Brookside Redevelopment Co Inc is a company based in Lowville, New York, with an address at 5701 Brookside Circle. Its primary mission is to offer facilities to the Adirondack Mennonite Retirement Community Inc, a not-for-profit organization. These facilities are intended for rental to individuals who have reached the age of 62 years or older. The company's purpose is aligned with providing accommodations to an elderly population, contributing to their quality of life in retirement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Brookside Redevelopment Co Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored 79%, which indicates effective management of resources and transparent practices. The score is derived solely from their Accountability & Finance metrics, underlining a strong commitment to financial integrity.
Strengths highlighted in the assessment include a fully independent board with 14 members, robust policies for conflict of interest, and a comprehensive document retention strategy. The organization has also demonstrated a high program expense ratio of 74.61%, suggesting that a significant portion of its funds is directed toward its charitable activities rather than administrative costs.
However, while Brookside Redevelopment Co Inc shows commendable accountability in various areas, the overall rating indicates there may still be room for improvement in certain aspects of financial management or program effectiveness. Continuous monitoring and enhancement of their practices could help the organization achieve an even higher level of trust and performance in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Brookside Redevelopment Co Inc legitimate?
Brookside Redevelopment Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brookside Redevelopment Co 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.
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What is the mission statement of Brookside Redevelopment Co Inc?
Brookside Redevelopment Co Inc's mission is centered around serving a specific community. The company provides facilities for rental to individuals who are 62 years of age or older, specifically to the Adirondack Mennonite Retirement Community Inc., a not-for-profit organization. This mission aims to contribute to the needs of the elderly population by offering them suitable living spaces. The company's activities are aligned with supporting the retirement community, thereby enhancing the living conditions for elderly individuals.
Who is the CEO of Brookside Redevelopment Co Inc?
Bruce Chartrand is the Second Vice of Brookside Redevelopment Co Inc.
What is the revenue of Brookside Redevelopment Co Inc?
Brookside Redevelopment Co Inc's revenue in 2022 was $93,740.
Who are the executives of Brookside Redevelopment Co Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Brookside Redevelopment Co Inc?
Brookside Redevelopment Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brookside Redevelopment Co Inc
Brookside Redevelopment Co Inc is committed to serving Adirondack Mennonite Retirement Community, Inc., a not-for-profit organization. Their mission is to provide facilities that can be rented to individuals who are 62 years of age or older. This collaboration aims to offer suitable living accommodations for this specific demographic, contributing to their well-being and comfort in their senior years.
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Impact
October, 2024
Brookside Redevelopment Co Inc plays a significant role in enhancing the quality of life for older adults in the community. By providing essential facilities for the Adirondack Mennonite Retirement Community, it ensures that individuals aged 62 and older have access to suitable rental accommodations. This support fosters a vibrant and safe environment where seniors can thrive, promoting both social interaction and independent living.
Located in Lowville, NY, Brookside Redevelopment Co Inc contributes to the availability of affordable housing for older residents, addressing critical needs in the community. The organization's work not only reflects a commitment to meeting the housing needs of seniors but also encourages engagement within the wider community, ultimately enriching the fabric of local society.
This information is meant to be a general summary of Brookside Redevelopment Co 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.
- Program Service Revenue: $93,740
- Gross Receipts: $93,740
Assets and Liabilities:
- Total Assets: $4,775,703
- Total Liabilities: $10,872,013
- Net Assets: -$6,096,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY TAX RENT
Revenue
$93,740
Organization Details
Founding Year
1992
Phone
(315) 376-4333Principal Officer
Bruce Chartrand
Main Address
5701 BROOKSIDE CIRCLE, LOWVILLE, NY, 13367
NTEE Category
Code: L22Z - Housing
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