Overview
What is Bethany Village Housing Development Fund Inc?
Bethany Village Housing Development Fund Inc is a nonprofit organization situated in West Coxsackie, New York. Their primary mission is to provide affordable housing for low-income elderly individuals. They achieve this by subsidizing their apartments through the U.S. Department of Housing and Urban Development (HUD). The organization is dedicated to ensuring that these elderly tenants have access to suitable accommodation, contributing to their overall well-being and comfort.
Official website here: www.crmrentalmgmt.com/index.php
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Bethany Village Housing Development Fund Inc has achieved an impressive 96% score, reflecting a Four-Star rating. This high rating is based entirely on its accountability and financial health, indicating strong organizational practices and transparency. The charity has demonstrated compliance with best practices in governance and financial oversight, which contributes to its strong standing in the nonprofit sector.
The organization has a fully independent board, with 100% of members being independent, and it has scored exceptionally well in various governance metrics. This includes perfect scores in areas such as financial statement oversight, absence of asset diversion, and comprehensive conflict of interest policies. Additionally, the charity maintains a healthy liabilities to assets ratio of 38.22%, indicating strong financial stability.
Moreover, the program expense ratio stands at 84.87%, suggesting that a significant majority of its resources are directed toward its programs rather than administrative costs. Overall, Bethany Village Housing Development Fund Inc has established itself as a reliable and accountable organization, though specific limitations or challenges are not highlighted in the current data.
This AI summary has been generated from information found on Charity Navigator.
Is Bethany Village Housing Development Fund Inc legitimate?
Bethany Village Housing Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethany Village Housing Development Fund 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:
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Other Salaries and Wages: $230,365
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Official website here: www.crmrentalmgmt.com/index.php
What is the mission statement of Bethany Village Housing Development Fund Inc?
Bethany Village Housing Development Fund Inc's mission is centered around providing affordable housing solutions. Specifically, they aim to offer low-income apartments to the elderly population who are in need. These apartments are subsidized by the HUD, ensuring that the financial burden is reduced for the tenants. The organization's primary goal is to make housing accessible and affordable for this vulnerable segment of society. Their mission is instrumental in providing a decent living environment for the elderly, thereby improving their overall quality of life.
Official website here: www.crmrentalmgmt.com/index.php
Who is the CEO of Bethany Village Housing Development Fund Inc?
Louis Martin is the Director of Bethany Village Housing Development Fund Inc.
Official website here: www.crmrentalmgmt.com/index.php
What is the revenue of Bethany Village Housing Development Fund Inc?
Bethany Village Housing Development Fund Inc's revenue in 2022 was $1,046,136.
Official website here: www.crmrentalmgmt.com/index.php
Who are the executives of Bethany Village Housing Development Fund Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.crmrentalmgmt.com/index.php
Where can I find the form 990 for Bethany Village Housing Development Fund Inc?
Bethany Village Housing Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crmrentalmgmt.com/index.php
Learn more at the official website: www.crmrentalmgmt.com/index.php
Mission Statement of Bethany Village Housing Development Fund Inc
Bethany Village Housing Development Fund Inc is committed to providing low-income housing for elderly individuals. This mission is carried out by offering subsidized apartments to those who fall under this income bracket. The organization's primary goal is to ensure that elderly tenants have access to affordable housing, which is subsidized by the HUD. By providing these apartments, Bethany Village Housing Development Fund Inc aims to contribute positively to the community, offering a safe and comfortable living environment for its elderly residents.
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Impact
October, 2024
Bethany Village Housing Development Fund Inc significantly impacts the community by providing low-income housing specifically designed for elderly tenants. By offering affordable apartments subsidized by HUD, the organization ensures that vulnerable members of the community have access to safe and adequate living conditions. This initiative not only contributes to the wellbeing of low-income elderly residents but also alleviates financial stress, allowing individuals to maintain their independence and dignity. Located in West Coxsackie, NY, the development plays a crucial role in addressing the housing needs of an aging population, promoting stability and quality of life for its residents.
This information is meant to be a general summary of Bethany Village Housing Development Fund 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: $820
- Program Service Revenue: $1,034,859
- Gross Receipts: $1,046,136
Assets and Liabilities:
- Total Assets: $2,532,081
- Total Liabilities: $1,139,360
- Net Assets: $1,392,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTS FROM GOV'T
Revenue
$622,126
RENT INCOME-APARTME
Revenue
$423,314
VACANCIES - APARTME
Revenue
-$10,581
Organization Details
Founding Year
1970
Phone
(315) 337-1401Principal Officer
Louis Martin
Main Address
800 BETHANY VILLAGE, WEST COXSACKIE, NY, 12192
NTEE Category
Code: L20Z - Housing
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