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Bridgeport Neighborhood Trust

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222809353 ✦ Bridgeport, CT ✦ Designated as a 501(c)(3)

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Overview

What is Bridgeport Neighborhood Trust?

Bridgeport Neighborhood Trust, established in 1986, is a nonprofit organization located in Bridgeport, Connecticut. Its primary mission is to combat housing insecurity, income inequality, and homelessness. They achieve this by developing and managing affordable housing properties, catering to low- and moderate-income families across the state. The organization also provides comprehensive housing and financial counseling services to support its community. With a team of 38 dedicated individuals, Bridgeport Neighborhood Trust operates as the sole member of multiple limited liability companies, working tirelessly to ensure access to safe, affordable housing in Bridgeport, Connecticut.


Official website here: www.bntweb.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Bridgeport Neighborhood Trust has received a high rating of 96% from Charity Navigator, reflecting its strong commitment to accountability and finance. The rating is based solely on its performance in these areas, indicating the organization’s effective management and transparency in financial practices. The organization has a well-structured governance model with a fully independent board, which helps ensure unbiased decision-making.

Key organizational strengths include a high program expense ratio of 84.49%, demonstrating that a significant portion of its resources is allocated directly to its programs and services. Additionally, the lack of material diversions of assets and the presence of comprehensive policies—such as conflict of interest and whistleblower protections—further enhance its credibility and operational integrity.

While the rating highlights many strengths, it does not provide details on the impact of the programs themselves or broader community feedback, which could offer insight into the effectiveness of their initiatives. However, the robust governance and financial health position Bridgeport Neighborhood Trust as a reliable and responsible nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Bridgeport Neighborhood Trust?

86% of the 12 reviewers on Facebook recommend Bridgeport Neighborhood Trust. Here’s a summary of their opinions:

Many supporters express optimism about the organization’s potential impact in the Bridgeport community, with some highlighting the great opportunities that lay ahead for the city. The sentiment reflects a belief in the importance of the Trust’s initiatives and their positive influence on community development.

Overall, the feedback indicates that the nonprofit is viewed favorably, with a shared sense of hope for future advancements and a commitment to improving the local environment.


This AI summary has been generated from reviews found on Facebook.

Is Bridgeport Neighborhood Trust legitimate?

Bridgeport Neighborhood Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeport Neighborhood Trust 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: $162,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $962,800

For more financial information, click here


Official website here: www.bntweb.org

What is the mission statement of Bridgeport Neighborhood Trust?

Bridgeport Neighborhood Trust, established in 1986, aims to combat housing insecurity, income inequality, and homelessness. They achieve this mission by constructing safe and affordable housing and offering comprehensive housing and financial counseling services to low- and moderate-income families nationwide. The organization's mission encompasses providing a holistic approach to addressing these issues, ensuring that families have the resources and support they need to achieve financial stability. By managing various properties, Bridgeport Neighborhood Trust plays a crucial role in delivering affordable housing options to those in need.


Official website here: www.bntweb.org

Who is the CEO of Bridgeport Neighborhood Trust?

Doris Latorre is the President of Bridgeport Neighborhood Trust. The CEO's salary of Bridgeport Neighborhood Trust is $153,804 and their total compensation is $162,998.


Official website here: www.bntweb.org

What is the revenue of Bridgeport Neighborhood Trust?

Bridgeport Neighborhood Trust's revenue in 2022 was $4,785,783.


Official website here: www.bntweb.org

Who are the executives of Bridgeport Neighborhood Trust and what are their salaries?

The average compensation at Bridgeport Neighborhood Trust during 2022 was $29,626. There are 38 employees and 10 volunteers at Bridgeport Neighborhood Trust.


Here are 11 key members and their salaries (Bridgeport Neighborhood Trust's CEO's salary is $153,804 and their total compensation is $162,998):


Chip Parrish (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terence Floyd (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Clancy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol J Heller (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Caviness (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Breland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenita Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Reyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Regina Vermont (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doris Latorre (Ceo)
  • Compensation: $153,804
  • Related: $0
  • Other: $9,194


Official website here: www.bntweb.org

Where can I find the form 990 for Bridgeport Neighborhood Trust?

Bridgeport Neighborhood Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bntweb.org

Learn more at the official website: www.bntweb.org

Mission Statement of Bridgeport Neighborhood Trust

Bridgeport Neighborhood Trust, established in 1986, is dedicated to addressing housing insecurity, income inequality, and homelessness amongst low- and moderate-income families across Connecticut. Their mission encompasses creating safe and affordable housing, as well as offering comprehensive housing and financial counseling services. By undertaking these initiatives, Bridgeport Neighborhood Trust aims to bring about a significant impact in ending these pressing concerns. Through various management activities, they oversee the operation of properties, acting as the single member of 29 limited liability companies specifically established for acquiring, developing, and operating affordable housing in Bridgeport, Connecticut.

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Impact




October, 2024

Bridgeport Neighborhood Trust plays a crucial role in combating housing insecurity, income inequality, and homelessness in the region. By creating safe and affordable housing, it has made a profound impact on the lives of low- and moderate-income families across Connecticut. Since its founding in 1986, it has worked to ensure that families have access to stable housing, which is a fundamental need for social and economic well-being.

In addition to developing affordable housing, the organization provides comprehensive housing and financial counseling services, equipping families with the tools and knowledge necessary to achieve financial stability. This holistic approach addresses not just the immediate need for housing but also helps families build a sustainable future.

The trust's active property management ensures that its housing developments are well-maintained and effectively operated, enhancing community growth and stability. Serving as the single member of 29 limited liability companies, it demonstrates a strong commitment to acquiring, developing, and managing affordable housing specifically in Bridgeport. As a result, it fosters a sense of community and belonging, ultimately uplifting the neighborhoods it serves and making a lasting impact on residents' quality of life.




This information is meant to be a general summary of Bridgeport Neighborhood Trust. 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.

Revenue
$4,785,783 (2022)
201120122013201420152016201720182019202020212022$0$3M$6M$9M$12M
Expenses
$5,803,065 (2022)
201120122013201420152016201720182019202020212022$0$1.5M$3M$4.5M$6M
Efficiency
2011201220132014201520162017201820192020202120220%8%16%24%39%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$495,645
  • Program Service Revenue: $2,079,078
  • Gross Receipts: $8,711,366

Assets and Liabilities:

  • Total Assets: $30,686,996
  • Total Liabilities: $11,359,227
  • Net Assets: $19,327,769

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$2,079,078

Organization Details

Founding Year

1986

Principal Officer

Doris Latorre

Main Address

570 STATE STREET, BRIDGEPORT, CT, 06604

NTEE Category

Code: L120 - Housing

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