Overview
What is Bifl Inc?
Bifl Inc, located in Brooklyn, New York, is a nonprofit organization that offers short-term, interest-free loans to couples in financial need. These couples have incurred or anticipate expenses related to overcoming primary and secondary infertility as well as genetic disorders. The organization's mission is centered around providing financial assistance to help these individuals navigate the challenging process of overcoming these issues. Bifl Inc operates with a vision to alleviate some of the financial burden associated with these struggles, thereby enabling couples to focus on their well-being and their journey towards parenthood.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (40%)
Bifl Inc has received a low overall score of 40%, resulting in a Zero-Star out of Four Star rating. This score indicates significant concerns regarding accountability and finance. While the organization does excel in areas such as having a majority independent board and no material diversion of assets, it falls short in critical policies and financial ratios that are essential for transparency and effective governance.
The organization has a complete independent board with 10 out of 10 points, which demonstrates a commitment to governance. However, it lacks important policies such as a whistleblower policy and a document retention and destruction policy, both of which received 0 out of 7 points. These deficiencies raise questions about the organization's risk management and operational practices.
Additionally, Bifl Inc's financial metrics are concerning, particularly the program expense ratio and liabilities to assets ratio, both of which scored 0%. This suggests that the organization may not be effectively utilizing its resources towards its programs. Overall, while there are strengths in board independence, the absence of key policies and poor financial metrics contribute to the overall low rating from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Bifl Inc legitimate?
Bifl Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bifl 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 Bifl Inc?
Bifl Inc, as a mission, provides short-term, interest-free loans to couples in financial need who have incurred or will incur expenses related to overcoming primary and secondary infertility and genetic disorders. The organization aims to alleviate the financial burden associated with these challenges, enabling couples to seek necessary medical treatments and procedures. By offering interest-free loans, Bifl Inc enables individuals to focus on their health and well-being without being burdened by excessive debt. The organization's mission is to support these couples in their journey towards parenthood and improved genetic health.
Who is the CEO of Bifl Inc?
Unavailable
What is the revenue of Bifl Inc?
Bifl Inc's revenue in 2022 was $164,718.
Who are the executives of Bifl Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Bifl Inc?
Bifl Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bifl Inc
Bifl Inc, a nonprofit organization, is dedicated to providing short-term interest-free loans to couples in financial distress who are grappling with the expenses associated with overcoming primary and secondary infertility as well as genetic disorders. The mission of Bifl Inc is to offer a financial lifeline to these individuals, enabling them to seek necessary medical treatments and interventions to expand their families or address genetic health concerns. By providing interest-free loans, Bifl Inc aims to alleviate some of the financial burden often associated with these complex health issues, allowing couples to focus on their wellbeing and family planning without being weighed down by excessive debt.
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Impact
October, 2024
Bifl Inc plays a crucial role in supporting couples facing the emotional and financial burdens of infertility and genetic disorders. By offering short-term interest-free loans, the organization alleviates some of the financial stress associated with treatments and procedures that can often be prohibitively expensive.
The impact of Bifl Inc extends beyond mere financial assistance; it fosters hope and resilience among couples navigating challenging fertility journeys. The ability to access funds without the added pressure of interest allows families to focus on their health and well-being rather than solely on the costs involved.
In a city like Brooklyn, where the cost of living can be high, Bifl Inc's services provide a vital lifeline. Their targeted mission helps empower couples to overcome primary and secondary infertility, addressing not just the medical complexities but also the psychological aspects of such experiences. By addressing financial barriers, Bifl Inc contributes to creating a more equitable healthcare environment for those grappling with these deeply personal challenges.
This information is meant to be a general summary of Bifl 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: $1,093
- Gross Receipts: $164,718
Assets and Liabilities:
- Total Assets: $3,410,254
- Total Liabilities: $0
- Net Assets: $3,410,254
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Organization Details
Founding Year
2006
Main Address
1274 49TH STREET SUITE 105, BROOKLYN, NY, 11219
NTEE Category
Code: E99 - Health
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