Overview
What is Bayou Classic Housing Inc?
Bayou Classic Housing Inc is a nonprofit organization that specializes in offering low-income housing rentals. Their mission is to provide affordable quarters for individuals in need, aiding them through various US government grants. As a housing support service, Bayou Classic Housing Inc plays a crucial role in ensuring that people with limited resources have access to decent living spaces. The organization's activities primarily revolve around the rental of low-income housing units, aiming to alleviate housing insecurity in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
Bayou Classic Housing Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored only 50%, primarily due to the absence of independent board members and missing policies that pertain to conflict of interest, whistleblower protection, and document retention. These factors suggest a lack of governance oversight, potentially affecting transparency and trustworthiness.
Despite these governance shortcomings, the nonprofit demonstrates a strong commitment to its program expenses, achieving a 100% program expense ratio. This reflects that all of its financial resources are directed towards its mission-related activities, which is a positive aspect for potential donors who are interested in the impact of their contributions.
However, the absence of essential policies and failure to provide required documentation on its website are notable limitations that could hinder the organization's credibility. The lack of independent oversight may also raise concerns among stakeholders regarding the effectiveness of its operations and strategic decision-making.
This AI summary has been generated from information found on Charity Navigator.
Is Bayou Classic Housing Inc legitimate?
Bayou Classic Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayou Classic Housing 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bayou Classic Housing Inc?
Bayou Classic Housing Inc's mission is centered around providing low-income individuals with affordable housing accommodations. The organization accomplishes this through the rental of residential properties and the utilization of US government grants. As a housing support service, Bayou Classic Housing Inc aims to enhance the living conditions of its residents by offering them affordable quarters.
Who is the CEO of Bayou Classic Housing Inc?
Michael Brock is the Brock of Bayou Classic Housing Inc.
What is the revenue of Bayou Classic Housing Inc?
Bayou Classic Housing Inc's revenue in 2022 was -$22,768.
Who are the executives of Bayou Classic Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bayou Classic Housing Inc?
Bayou Classic Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bayou Classic Housing Inc
Bayou Classic Housing Inc, as a nonprofit organization, is dedicated to providing low-income housing rentals. Their mission lies in offering affordable living quarters to individuals in need. The organization's activities are supported by US government grants, making it a valuable resource for those seeking affordable housing. Bayou Classic Housing Inc operates as a housing support service, providing a vital role in the community by offering affordable living solutions.
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Impact
October, 2024
Bayou Classic Housing Inc plays a crucial role in the Shreveport, LA community by providing affordable housing options to low-income individuals. By offering low-income housing rentals, the organization helps to alleviate the financial burden faced by families and individuals seeking stable living conditions. This access to affordable housing not only improves the quality of life for residents but also contributes to a healthier and more secure community.
The services provided by Bayou Classic Housing are further enhanced through the management of various programs, including US government grants. These programs are essential in supporting individuals in need, ensuring they have the necessary resources to secure a safe and stable home. By addressing housing insecurity, Bayou Classic Housing fosters a sense of community and belonging, benefiting both residents and the broader society.
In summary, Bayou Classic Housing Inc significantly impacts the community by facilitating access to affordable housing, supporting individuals in their pursuit of stability, and contributing to the overall well-being of Shreveport's residents.
This information is meant to be a general summary of Bayou Classic Housing 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.
- Investment Income: $37
- Gross Receipts: $106,529
Assets and Liabilities:
- Total Assets: $1,693,199
- Total Liabilities: $5,022
- Net Assets: $1,688,177
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Organization Details
Principal Officer
Michael Brock
Main Address
2081 NORTH CROSS DRIVE, SHREVEPORT, LA, 71107
NTEE Category
Code: L21 - Housing
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