Overview
What is Bluestem Housing Partners Nfp?
Bluestem Housing Partners Nfp is a nonprofit organization based in Downers Grove, Illinois. Their primary mission is to develop and provide affordable multifamily housing opportunities within the state, specifically in several Illinois communities. They have successfully completed six projects, ensuring safe and decent living spaces for families and individuals. The organization's work plays a crucial role in addressing housing affordability issues in Illinois.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Bluestem Housing Partners Nfp has achieved an impressive 97% score, reflecting a strong commitment to accountability and finance. The organization boasts a perfect score in several key areas, including having a fully independent board and no material diversion of assets. This indicates a high level of governance and transparency.
The nonprofit's financial health is evident through a program expense ratio of 98.91%, suggesting that a significant majority of its resources are directed towards its programs rather than administrative costs. The organization also complies with essential policies, such as conflict of interest and whistleblower protections, further demonstrating its dedication to ethical practices.
While the data presents a highly favorable view of Bluestem Housing Partners Nfp, it's important to keep in mind that the overall score is based solely on accountability and finance metrics. Additional insights into program effectiveness and community impact could provide a more comprehensive understanding of the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Bluestem Housing Partners Nfp legitimate?
Bluestem Housing Partners Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bluestem Housing Partners Nfp 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: $29,508
For more financial information, click here
What is the mission statement of Bluestem Housing Partners Nfp?
Bluestem Housing Partners Nfp's mission is centered around the development of affordable multifamily housing. In simpler terms, their primary objective is to create living spaces that are both independent and supportive, catering to a wide range of families and individuals in need. The organization has demonstrated its commitment by developing or co-developing six properties in various Illinois communities, thereby ensuring that safe and decent housing is within reach for many.
Who is the CEO of Bluestem Housing Partners Nfp?
Michael Cobb is the President of Bluestem Housing Partners Nfp.
What is the revenue of Bluestem Housing Partners Nfp?
Bluestem Housing Partners Nfp's revenue in 2022 was $182,251.
Who are the executives of Bluestem Housing Partners Nfp and what are their salaries?
There 5 volunteers at Bluestem Housing Partners Nfp.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Bluestem Housing Partners Nfp?
Bluestem Housing Partners Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bluestem Housing Partners Nfp
Bluestem Housing Partners Nfp is dedicated to a noble mission: developing affordable multifamily housing in Illinois. This nonprofit organization takes a proactive approach, not only constructing but also co-developing properties in various Illinois communities. By doing so, Bluestem Housing Partners provides a vital service, ensuring that families and individuals have access to safe and decent housing. The organization's mission is instrumental in addressing the housing needs of the community, contributing to a more equitable living environment.
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Impact
October, 2024
Bluestem Housing Partners Nfp significantly impacts the communities in Illinois by developing affordable multifamily housing. By focusing on both independent and supportive housing solutions, the organization addresses the critical need for safe and decent living conditions for families and individuals. With a track record of developing or co-developing six properties across various Illinois communities, Bluestem Housing Partners contributes to community stability, enhances quality of life, and fosters inclusive, thriving neighborhoods. Their efforts help alleviate the housing crisis, ensuring that more residents have access to affordable housing options.
This information is meant to be a general summary of Bluestem Housing Partners Nfp. 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: $4,501
- Program Service Revenue: $177,750
- Gross Receipts: $182,251
Assets and Liabilities:
- Total Assets: $4,677,583
- Total Liabilities: $221,986
- Net Assets: $4,455,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$177,750
Organization Details
Founding Year
2004
Principal Officer
Michael Cobb
Main Address
1111 WARREN AVENUE STE 2B, Downers Grove, IL, 60515
NTEE Category
Code: L20 - Housing
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