Overview
What is Bridgeway Kewanee 04?
Bridgeway Kewanee 04 is a nonprofit organization situated in Galesburg, Illinois, with a specific focus on providing housing for individuals who meet certain criteria. This includes low-income and disabled individuals. The organization's mission is to offer suitable housing solutions for these qualified individuals, ensuring they have access to a comfortable living environment. The organization's activities and mission remain dedicated to this primary goal, providing housing assistance in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating. The rating indicates that while the nonprofit demonstrates a strong commitment to accountability and finance, there are notable concerns regarding its overall financial health, particularly reflected in its liabilities to assets ratio.
Bridgeway Kewanee 04 shows strengths in several areas, including a fully independent board and strong program expense ratio, which suggests a significant portion of its resources is directed towards its mission. Specifically, the organization scores well on aspects such as having a conflict of interest policy and maintaining adequate documentation for board meeting minutes.
However, the organization faces challenges, particularly with a liabilities to assets ratio of 213.36%, indicating potential financial instability. This high ratio may raise concerns about sustainability and the organization's ability to meet its financial obligations in the long term. Overall, while Bridgeway Kewanee 04 excels in governance, it must address its financial liabilities to improve its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgeway Kewanee 04 legitimate?
Bridgeway Kewanee 04 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeway Kewanee 04 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: $18,230
For more financial information, click here
What is the mission statement of Bridgeway Kewanee 04?
Bridgeway Kewanee 04 is committed to providing housing opportunities for qualified individuals with low income and disabilities. Their mission is centered around offering a home to those who may face challenges in securing adequate housing due to their financial situation and disability status. By providing housing, the organization aims to contribute positively to the lives of these individuals, enhancing their overall living conditions and promoting their independence. The focus is on ensuring that low-income, disabled persons have access to safe and suitable living spaces, thereby improving their quality of life.
Who is the CEO of Bridgeway Kewanee 04?
William Nelson is the Vice Chairman of Bridgeway Kewanee 04. The CEO's salary of Bridgeway Kewanee 04 is $0 and their total compensation is $0.
What is the revenue of Bridgeway Kewanee 04?
Bridgeway Kewanee 04's revenue in 2022 was $132,013.
Who are the executives of Bridgeway Kewanee 04 and what are their salaries?
Here are 8 key members and their salaries (Bridgeway Kewanee 04's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
Where can I find the form 990 for Bridgeway Kewanee 04?
Bridgeway Kewanee 04's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridgeway Kewanee 04
Bridgeway Kewanee 04 is a nonprofit organization dedicated to providing housing solutions for qualified individuals with low income and disabilities. Its mission is to offer a supportive living environment that caters to the unique needs of this population, enabling them to live independently and with dignity. By providing accessible and affordable housing, Bridgeway Kewanee 04 aims to empower its residents, fostering their sense of independence and self-reliance. The organization's commitment to housing low-income, disabled persons is a testament to its dedication to promoting social equity and inclusion.
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Impact
October, 2024
Bridgeway Kewanee 04 significantly impacts the community by providing essential housing for qualified low-income, disabled individuals. By focusing on this vulnerable population, the organization addresses critical needs for stable and affordable living environments, enabling residents to gain independence and improve their quality of life. Located in Galesburg, Illinois, their commitment to fostering supportive housing solutions helps to alleviate the housing insecurity faced by many individuals and families, thereby contributing to the overall well-being and stability of the community. The presence of Bridgeway Kewanee 04 not only enhances access to necessary housing resources but also promotes inclusivity, ensuring that low-income disabled persons have a safe place to call home.
This information is meant to be a general summary of Bridgeway Kewanee 04. 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: $97
- Program Service Revenue: $130,547
- Gross Receipts: $132,013
Assets and Liabilities:
- Total Assets: $1,053,056
- Total Liabilities: $2,056,896
- Net Assets: -$1,003,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE PMT
Revenue
$94,201
APARTMENT CARRY CHARGE
Revenue
$36,346
Organization Details
Founding Year
2004
Phone
(309) 344-2323Principal Officer
William Nelson
Main Address
2323 N WINDISH DRIVE, GALESBURG, IL, 61401
NTEE Category
Code: L21 - Housing
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