Overview
What is Blackberry Mccarr Develop Inc?
Blackberry Mccarr Develop Inc is a nonprofit organization dedicated to providing affordable housing for the elderly. Based on the Housing Act of 1959, they manage a 24-unit apartment complex, operating under section 202. Their primary mission revolves around supporting senior citizens by offering affordable living accommodations. They strive to ensure that elderly individuals have a suitable living environment, embodying a commitment to senior welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
Blackberry Mccarr Develop Inc has received a 65% rating from Charity Navigator, which classifies it with a Two-Star designation. This rating is based solely on its Accountability & Finance metrics, indicating that while the organization demonstrates strong practices in several areas, there are significant concerns regarding its financial health.
The organization shines in various aspects, with a fully independent board and a solid program expense ratio of 100%. It has excelled in accountability measures, such as maintaining a conflict of interest policy and documenting board meeting minutes. However, the high liabilities to assets ratio of 179.47% raises red flags about its financial stability, suggesting that the organization may have more obligations than it can meet with its current assets.
While Blackberry Mccarr Develop Inc showcases strengths in governance and operational transparency, the financial indicators present challenges that potential donors and stakeholders should carefully consider. The overall performance reflects a need for improvement in managing liabilities and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Blackberry Mccarr Develop Inc legitimate?
Blackberry Mccarr Develop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blackberry Mccarr Develop 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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What is the mission statement of Blackberry Mccarr Develop Inc?
Blackberry Mccarr Develop Inc, as an organization, is dedicated to providing affordable housing for the elderly. They accomplish this through the operation of a 24-unit apartment complex, functioning under section 202 of the Housing Act of 1959. The primary focus of the company is to support and uphold the need for affordable housing for senior citizens.
Who is the CEO of Blackberry Mccarr Develop Inc?
Brandi Damron is the Treasurer of Blackberry Mccarr Develop Inc.
What is the revenue of Blackberry Mccarr Develop Inc?
Blackberry Mccarr Develop Inc's revenue in 2023 was $46,679.
Who are the executives of Blackberry Mccarr Develop Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Blackberry Mccarr Develop Inc?
Blackberry Mccarr Develop Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Blackberry Mccarr Develop Inc
Blackberry Mccarr Develop Inc, a non-profit organization, is dedicated to providing low-income housing for the elderly. Operating under the provisions of Section 202 of the Housing Act of 1959, this organization has a mission to support affordable living for senior citizens. It accomplishes this mission by managing a 24-unit apartment complex, providing a safe and affordable home for the elderly population. The organization's operations are centered around the belief that every senior citizen deserves a comfortable living environment, regardless of their financial situation. By focusing on affordable housing, Blackberry Mccarr Develop Inc aims to contribute to the well-being and independence of the elderly community, ensuring they can live with dignity and security.
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Impact
August, 2024
Blackberry Mccarr Develop Inc's impact lies in providing essential low-income housing for elderly individuals in Pikeville, Kentucky. Through their 24-unit apartment complex, the organization fulfills a critical need for affordable and safe housing for seniors in the community. This initiative not only addresses the housing challenges faced by the elderly population but also contributes to enhancing their quality of life and well-being. By focusing on their mission of supporting affordable housing for seniors, Blackberry Mccarr Develop Inc positively impacts the lives of those in need of stable and reliable housing options.
This information is meant to be a general summary of Blackberry Mccarr Develop 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: $49
- Program Service Revenue: $45,631
- Gross Receipts: $46,679
Assets and Liabilities:
- Total Assets: $1,174,433
- Total Liabilities: $2,107,778
- Net Assets: -$933,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$45,631
Organization Details
Founding Year
2005
Phone
(606) 432-4178Principal Officer
Brandi Damron
Main Address
PO BOX 1468, PIKEVILLE, KY, 41502
NTEE Category
Code: L21 - Housing
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