Overview
What is Union Baptist Community Housing Corporation?
Union Baptist Community Housing Corporation is a nonprofit organization situated in Wilmington, Delaware. Their primary mission is to offer affordable housing solutions for the elderly and disabled community members residing in the area. The organization is actively engaged in developing housing projects and related initiatives aimed at benefitting the local community. Their work encompasses creating low-income housing options for this specific population, contributing positively to the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Star rating)
Union Baptist Community Housing Corporation has received a 52% score from Charity Navigator, indicating significant areas of concern regarding its accountability and financial practices. While the organization has a 100% independent board and demonstrates strong management of program expenses, it lacks essential financial transparency, such as posted financial statements and various essential policies.
The nonprofit does excel in certain areas, such as maintaining a majority of independent board members and a high program expense ratio of 98.4%, suggesting that funds are primarily directed towards its mission. However, the absence of key governance documents, such as a conflict of interest policy and whistleblower policy, raises flags about organizational practices and accountability.
Moreover, the high liabilities to assets ratio of 142% signals potential financial instability. This combination of strengths and weaknesses reflects the need for Union Baptist Community Housing Corporation to improve its financial disclosures and governance practices to enhance trust and credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Union Baptist Community Housing Corporation legitimate?
Union Baptist Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Baptist Community Housing Corporation 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 Union Baptist Community Housing Corporation?
The Union Baptist Community Housing Corporation is committed to a mission that focuses on the development of housing projects, benefiting the community at large. Specifically, their primary goal is to provide affordable housing for the elderly and disabled individuals. This organization aims to make a positive impact on these vulnerable groups, ensuring they have a decent living space.
Who is the CEO of Union Baptist Community Housing Corporation?
Rev Warren Mcknight is the Chairman of Union Baptist Community Housing Corporation.
What is the revenue of Union Baptist Community Housing Corporation?
Union Baptist Community Housing Corporation's revenue in 2022 was $530,877.
Who are the executives of Union Baptist Community Housing Corporation and what are their salaries?
There 7 volunteers at Union Baptist Community Housing Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Union Baptist Community Housing Corporation?
Union Baptist Community Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Union Baptist Community Housing Corporation
Union Baptist Community Housing Corporation is dedicated to a mission that involves the development of housing projects, specifically catering to the needs of the community's elderly and disabled residents. This nonprofit organization has set its sights on providing affordable housing solutions in Wilmington, Delaware. Their primary goal is to create a living environment that is accessible and comfortable for those who may be facing challenges due to their age or disability. By focusing on this specific demographic, Union Baptist Community Housing Corporation aims to make a significant impact in the lives of vulnerable individuals, ensuring they have a safe and secure place to call home.
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Impact
July, 2024
Union Baptist Community Housing Corporation's impact lies in its provision of low-income housing for elderly and disabled individuals in Wilmington, DE. Through the development of housing projects, this organization directly improves the living conditions and quality of life for vulnerable members of the community. By addressing the critical need for affordable housing, Union Baptist Community Housing Corporation plays a vital role in promoting social equity and ensuring that elderly and disabled individuals have access to safe and suitable accommodation.
This information is meant to be a general summary of Union Baptist Community Housing Corporation. 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: $1,067
- Program Service Revenue: $528,118
- Gross Receipts: $530,877
Assets and Liabilities:
- Total Assets: $1,725,645
- Total Liabilities: $2,450,439
- Net Assets: -$724,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$398,921
TENANT RENTAL INCOME
Revenue
$202,462
LESS VACANCIES
Revenue
-$73,265
Organization Details
Founding Year
1982
Phone
(302) 888-0100Principal Officer
Rev Warren Mcknight
Main Address
PO BOX 1945, WILMINGTON, DE, 19899
NTEE Category
Code: L20 - Housing
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