Overview
What is B & B Payee Services?
B&B Payee Services is a nonprofit organization situated in Ypsilanti, Michigan, specifically at 124 Pearl Street Suite 407. Their primary mission is to offer professional representative payee services and financial management assistance to individuals with low income or disabilities, as well as those receiving Social Security and/or Veterans Benefits. In 2022, they served approximately 575 clients, helping them manage expenses such as rent, utilities, groceries, medical fees, transportation costs, and other financial obligations. Over 97% of their clients have mental or developmental disabilities. The nonprofit receives referrals from federal and state agencies, and their dedicated team of five employees works tirelessly to assist those in need.
Official website here: www.bbpayeeservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
B & B Payee Services has earned a Three-Star rating from Charity Navigator, with an overall score of 81%, reflecting its strong commitment to accountability and finance. The rating is derived solely from its accountability and finance performance, which indicates a focus on transparency and responsible management of funds.
The organization exhibits several strengths, including a board composed entirely of independent members and no material diversion of assets, which enhances its credibility. Additionally, B & B Payee Services has robust policies in place, such as conflict of interest and whistleblower policies, demonstrating a commitment to ethical practices. Their program expense ratio of 76.69% indicates that a significant portion of their funds is directed towards their programs, further showcasing their operational efficiency.
However, while the organization scores well in accountability and financial management, potential donors or stakeholders may want to look for additional information regarding program impact and outreach efforts, as these areas were not evaluated in the current score. Overall, B & B Payee Services presents itself as a responsible nonprofit with a focus on effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is B & B Payee Services legitimate?
B & B Payee Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. B & B Payee Services 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: $135,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,928
For more financial information, click here
Official website here: www.bbpayeeservices.org
What is the mission statement of B & B Payee Services?
B&B Payee Services is committed to delivering professional representative payee services and financial management assistance to individuals with low income, disabilities, and those receiving Social Security and/or Veterans Benefits who are encountering financial challenges. Their mission is to help these individuals manage their monthly expenses, such as rent, utilities, groceries, medical fees, transportation costs, and other financial obligations. The organization provides payee services to approximately 575 clients annually, with a majority of them suffering from mental or developmental disabilities. Federal and state agencies often refer individuals to B&B for their payee services.
Official website here: www.bbpayeeservices.org
Who is the CEO of B & B Payee Services?
Bobby J Johnson is the President of B & B Payee Services.
Official website here: www.bbpayeeservices.org
What is the revenue of B & B Payee Services?
B & B Payee Services's revenue in 2022 was $559,148.
Official website here: www.bbpayeeservices.org
Who are the executives of B & B Payee Services and what are their salaries?
The average compensation at B & B Payee Services during 2022 was $69,306. There are 5 employees at B & B Payee Services.
Here are 5 key members and their salaries:
- Compensation: $135,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bbpayeeservices.org
Where can I find the form 990 for B & B Payee Services?
B & B Payee Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbpayeeservices.org
Learn more at the official website: www.bbpayeeservices.org
Mission Statement of B & B Payee Services
B&B Payee Services, as a mission-driven organization, is dedicated to providing professional representative payee services and financial management assistance to individuals who are financially challenged due to having low income, disabilities, or both. These individuals often receive Social Security and/or Veterans Benefits but face obstacles in managing their finances effectively. The organization's primary goal is to help these individuals meet their monthly expenses, such as rent, utilities, groceries, medical fees, transportation costs, and other financial obligations. By offering these services, B&B Payee Services aims to alleviate the financial stress that many of its clients face. The organization's client base is diverse, with income sources ranging from Social Security or Veterans' benefits to state aid or employment. Federal and state agencies often refer people to B&B Payee Services, and over 97% of its clients suffer from mental or developmental disabilities, highlighting the organization's role in supporting vulnerable populations.
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Impact
July, 2024
B & B Payee Services plays a crucial role in providing essential financial assistance to individuals with low income, disabilities, and those receiving Social Security and/or Veterans Benefits. By offering representative payee services, the organization ensures that approximately 575 clients in 2022 receive support in managing their finances effectively. This assistance includes the payment of crucial monthly expenses such as rent, utilities, groceries, medical fees, and transportation costs.
With a focus on clients who are predominantly experiencing mental or developmental disabilities, B & B Payee Services serves as a lifeline for individuals facing financial obstacles. Through their dedicated efforts, the organization helps clients navigate complex financial systems and ensure stability in their day-to-day lives. By partnering with federal and state agencies, B & B Payee Services extends its impact to those most in need, providing a vital service that directly improves the quality of life for individuals facing financial challenges.
This information is meant to be a general summary of B & B Payee Services. 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: $54
- Program Service Revenue: $558,195
- Gross Receipts: $559,148
Assets and Liabilities:
- Total Assets: $102,418
- Total Liabilities: $0
- Net Assets: $102,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service Fees
Revenue
$434,156
Barrier Buster Administration Fees
Revenue
$124,039
Organization Details
Founding Year
2003
Phone
(734) 480-1347Principal Officer
Bobby J Johnson
Main Address
124 Pearl Street Suite 407, Ypsilanti, MI, 48197
Website
www.bbpayeeservices.orgNTEE Category
Code: P51 - Human services
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