Overview
What is Barrow Mansion Development Corp?
The Barrow Mansion Development Corp, situated in Jersey City, New Jersey, is a nonprofit organization that has taken on the responsibility of preserving and maintaining a historic residence built in 1837. This significant building now serves as a home for various community-focused organizations. The core mission of the BMDC is to safeguard the Barrow Mansion and transform it into a focal point for community service. With a small team of dedicated individuals, the organization is committed to preserving this historical landmark and contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Barrow Mansion Development Corp has achieved a strong score of 94%, reflecting its commitment to accountability and finance. This high rating is derived solely from its Accountability & Finance score, which underscores the effectiveness of its financial practices. The organization is notable for its fully independent board, with 100% of its members being independent, which enhances its governance structure.
The nonprofit excels in various criteria, including the absence of asset diversion and the implementation of essential policies such as conflict of interest, whistleblower, and document retention. These practices indicate a robust operational framework that prioritizes transparency and ethical management. Additionally, its program expense ratio of 94.48% suggests that the majority of its funds are directed towards fulfilling its mission.
While the data presents a positive overview of Barrow Mansion Development Corp, the focus remains primarily on financial accountability without additional context regarding its programmatic impact or community engagement. Nonetheless, the overall financial health and governance practices reflect a well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is Barrow Mansion Development Corp legitimate?
Barrow Mansion Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barrow Mansion Development Corp 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
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What is the mission statement of Barrow Mansion Development Corp?
The Barrow Mansion Development Corp's mission is centered around preserving the historic Barrow Mansion and transforming it into a hub for community service. This organization strives to safeguard the 1837-built residence, currently serving as the home for various non-profit entities. By promoting the mansion as a community service center, the BMDC aims to contribute positively to its surrounding area.
Who is the CEO of Barrow Mansion Development Corp?
Eric Carter is the President of Barrow Mansion Development Corp.
What is the revenue of Barrow Mansion Development Corp?
Barrow Mansion Development Corp's revenue in 2022 was $90,827.
Who are the executives of Barrow Mansion Development Corp and what are their salaries?
There is 1 employee and 15 volunteers at Barrow Mansion Development Corp.
Here are 4 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
Where can I find the form 990 for Barrow Mansion Development Corp?
Barrow Mansion Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Barrow Mansion Development Corp
Barrow Mansion Development Corp, or BMDC, holds a mission to preserve the historic Barrow Mansion and transform it into a hub for community service. This organization is dedicated to maintaining the charm and history of the 1837-built residence, while simultaneously utilizing it as a base for various non-profit organizations. By doing so, BMDC contributes to the community by providing a space that supports a range of beneficial initiatives.
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Impact
October, 2024
Barrow Mansion Development Corp significantly impacts the Jersey City community through its commitment to preserving the historic Barrow Mansion, a landmark built in 1837. By restoring and maintaining this iconic structure, the organization not only protects its architectural heritage but also promotes the mansion as a vital center for community service. The building serves as a home for several nonprofit organizations, allowing them to operate in a space that enhances their outreach and engagement with the local community. This dual role of preservation and promotion fosters a collaborative environment that encourages community improvement and strengthens social ties.
This information is meant to be a general summary of Barrow Mansion Development Corp. 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: $83
- Gross Receipts: $198,339
Assets and Liabilities:
- Total Assets: $184,691
- Total Liabilities: $24,232
- Net Assets: $160,459
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Organization Details
Founding Year
1992
Principal Officer
Eric Carter
Main Address
83 Wayne Street, Jersey City, NJ, 07302
NTEE Category
Code: S00 - Community improvement
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