Overview
What is Buckingham Foundation Inc?
Buckingham Foundation Inc, based in Indianapolis, Indiana, serves a critical role in promoting positive change in the areas of affordable housing, community development, and arts and culture. They offer housing solutions to low-income families through their property, Bradford Run, featuring 292 units ranging from 676 to 1,480 square feet. The Foundation supports Section 8 vouchers and strives for long-term sustainability, innovation, and significant impact in their efforts. With a team of three dedicated individuals, they actively seek opportunities that foster community growth and cultural enrichment.
Official website here: www.buckinghamfoundationinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
The Buckingham Foundation Inc has received a low rating of 58% from Charity Navigator, indicating concerns regarding its transparency and financial management. The organization has a strong commitment to independent governance, with 100% of its board members being independent. However, significant issues arise due to missing financial statements and key policies, which contributed to its low score.
Despite its strengths in program expense ratio, which shows a high commitment to funding its programs (95.33%), the lack of transparent financial reporting limits trust and accountability. The absence of a whistleblower policy and failure to post its tax forms on the website are critical gaps that could affect stakeholder confidence.
Overall, while the Buckingham Foundation demonstrates a high commitment to program spending and has an independent board, the lack of essential governance documents and financial transparency raises red flags about its operational integrity and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Buckingham Foundation Inc legitimate?
Buckingham Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buckingham Foundation 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: $188,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $653,597
For more financial information, click here
Official website here: www.buckinghamfoundationinc.org
What is the mission statement of Buckingham Foundation Inc?
The Buckingham Foundation Inc's primary mission is to proactively initiate positive change in the areas of affordable housing, community and economic development, and arts and culture. The foundation focuses on opportunities that promote long-term sustainability, support innovation, and have the potential for significant impact. An example of their work is the Bradford Run project, which provided 292 apartment units for low-income families in Kokomo, accepting Section 8 vouchers.
Official website here: www.buckinghamfoundationinc.org
Who is the CEO of Buckingham Foundation Inc?
Bradley B Chambers is the Director, President of Buckingham Foundation Inc.
Official website here: www.buckinghamfoundationinc.org
What is the revenue of Buckingham Foundation Inc?
Buckingham Foundation Inc's revenue in 2022 was $9,070,003.
Official website here: www.buckinghamfoundationinc.org
Who are the executives of Buckingham Foundation Inc and what are their salaries?
The average compensation at Buckingham Foundation Inc during 2022 was $280,741. There are 3 employees and 3 volunteers at Buckingham Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $101,423
- Related: $0
- Other: $0
Official website here: www.buckinghamfoundationinc.org
Where can I find the form 990 for Buckingham Foundation Inc?
Buckingham Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.buckinghamfoundationinc.org
Learn more at the official website: www.buckinghamfoundationinc.org
Mission Statement of Buckingham Foundation Inc
Buckingham Foundation Inc is dedicated to serving a proactive role in initiating positive change in the areas of affordable housing, community and economic development, and arts and culture. Their primary mission is to focus on opportunities that promote long-term sustainability, support innovation, and leverage significant impact. The Foundation strives to make a difference in these sectors, contributing to a better and more prosperous community.
In line with this mission, Buckingham Foundation Inc has taken concrete steps. For instance, they have provided 292 apartment units for rent to low-income families in Kokomo, IN. These units range in size from 676 to 1,480 square feet, ensuring a comfortable living space for the families. In addition, the Foundation accepts Section 8 vouchers, making housing more accessible for those in need. This initiative underscores Buckingham Foundation Inc's commitment to affordable housing and its mission to support vulnerable communities.
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Impact
October, 2024
Buckingham Foundation Inc plays a crucial role in enhancing the quality of life in communities by supporting affordable housing, community and economic development, and the arts and culture. One significant initiative is the Bradford Run project, which provides 292 apartment units tailored for low-income families in Kokomo, Indiana. These units range from 676 to 1,480 square feet and accept Section 8 vouchers, ensuring that financial constraints do not hinder access to safe and quality housing.
The foundation's mission emphasizes initiating positive change and promoting long-term sustainability within the communities it serves. By focusing on innovative strategies and leveraging significant impact, Buckingham Foundation Inc contributes to fostering a stable and thriving environment for individuals and families. Their commitment not only addresses immediate housing needs but also supports broader economic and cultural development, enriching the social fabric of the areas they engage with.
This information is meant to be a general summary of Buckingham Foundation 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: $4,859,852
- Program Service Revenue: $4,016,815
- Gross Receipts: $11,224,690
Assets and Liabilities:
- Total Assets: $35,371,283
- Total Liabilities: $28,135,838
- Net Assets: $7,235,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,016,815
Organization Details
Founding Year
2006
Phone
(317) 974-1234Principal Officer
Bradley B Chambers
Main Address
941 N MERIDIAN STREET, INDIANAPOLIS, IN, 46204
NTEE Category
Code: T70 - Philanthropy
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