Overview
What is Bustleton Housing Development Corporation?
Bustleton Housing Development Corporation is a distinguished nonprofit organization situated in Philadelphia, Pennsylvania. Established with a mission to cater to the housing needs of disabled individuals, the corporation provides 11 housing units designed to cater to their physical, social, and psychological requirements. The organization's primary activity involves acquiring, rehabilitating, constructing, owning, and operating an affordable housing project in Philadelphia, aiming to provide low-income, safe, and permanent housing for disabled individuals, as identified by federal, state, or county officials. By offering suitable housing facilities, Bustleton Housing Development Corporation plays a significant role in enhancing the quality of life for disabled individuals in the community.
Official website here: www.missionfirsthousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Bustleton Housing Development Corporation has received a remarkable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The overall score of 97% is based entirely on their excellence in financial practices, showcasing a high level of transparency and responsible stewardship of funds.
One of the organization's standout features is its governance structure, with 75% of its board members being independent. This independence, along with a well-defined conflict of interest policy, underscores the integrity of their operations. Additionally, they have demonstrated strong financial health, evidenced by a low liabilities to assets ratio of 41.40% and an impressive program expense ratio of 93.01%, indicating that the vast majority of their expenditures directly support their mission.
While the rating highlights numerous strengths, it is essential to note that the evaluation is based solely on financial metrics. Although this provides a solid snapshot of their fiscal responsibility, it does not encompass qualitative aspects such as the impact of their programs or community feedback. Therefore, potential donors and stakeholders might want to look for additional insights about the effectiveness of their initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Bustleton Housing Development Corporation legitimate?
Bustleton Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bustleton Housing Development Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,496
For more financial information, click here
Official website here: www.missionfirsthousing.org
What is the mission statement of Bustleton Housing Development Corporation?
The Bustleton Housing Development Corporation is established with a mission to acquire, rehabilitate, construct, own, and operate an affordable housing project. This project is aimed at providing safe, affordable, and permanent housing for individuals identified as disabled, as per the guidelines set by federal, state, or county officials. The organization's primary goal is to cater to the physical, social, and psychological needs of these individuals through the housing facilities and services it provides. As of June 30, 2022, the corporation has provided 11 housing units to disabled persons.
Official website here: www.missionfirsthousing.org
Who is the CEO of Bustleton Housing Development Corporation?
Thomas Ak Queenan is the President of Bustleton Housing Development Corporation.
Official website here: www.missionfirsthousing.org
What is the revenue of Bustleton Housing Development Corporation?
Bustleton Housing Development Corporation's revenue in 2022 was $75,974.
Official website here: www.missionfirsthousing.org
Who are the executives of Bustleton Housing Development Corporation and what are their salaries?
There 5 volunteers at Bustleton Housing Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $215,076
- Other: $20,395
- Compensation: $0
- Related: $197,715
- Other: $20,779
- Compensation: $0
- Related: $185,000
- Other: $20,395
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.missionfirsthousing.org
Where can I find the form 990 for Bustleton Housing Development Corporation?
Bustleton Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionfirsthousing.org
Learn more at the official website: www.missionfirsthousing.org
Mission Statement of Bustleton Housing Development Corporation
Bustleton Housing Development Corporation is an organization with a mission to acquire, rehabilitate, construct, own, and operate an affordable housing project. This endeavor is driven by the aim to provide safe, affordable, and permanent housing for individuals identified as disabled by federal, state, or county officials. The corporation's goal is to create housing facilities and services that cater to the physical, social, and psychological needs of these disabled individuals. As of the year ending on June 30, 2022, Bustleton Housing Development Corporation successfully provided 11 housing units to such disabled persons.
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Impact
August, 2024
The Bustleton Housing Development Corporation's impact lies in providing low-income, safe, affordable, and permanent housing for disabled individuals in Philadelphia. By acquiring, rehabilitating, constructing, owning, and operating housing projects, they offer housing facilities and services tailored to meet the physical, social, and psychological needs of disabled persons. During the year ended June 30, 2022, the organization provided 11 housing units to disabled individuals, making a direct and tangible difference in the lives of those in need.
This information is meant to be a general summary of Bustleton Housing Development Corporation. 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: $48
- Program Service Revenue: $75,896
- Gross Receipts: $75,974
Assets and Liabilities:
- Total Assets: $847,160
- Total Liabilities: $285,273
- Net Assets: $561,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$52,869
RENT REVENUE
Revenue
$23,027
Organization Details
Founding Year
2004
Phone
(215) 557-8484Principal Officer
Thomas Ak Queenan
Main Address
2042-48 ARCH STREET 2ND FLOOR SUIT, PHILADELPHIA, PA, 191031412
Website
www.missionfirsthousing.orgNTEE Category
Code: P74 - Human services
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