Overview
What is Berry Park Housing Corporation C/O Avesta Housing?
Berry Park Housing Corporation C/O Avesta Housing is a nonprofit organization dedicated to providing affordable housing solutions for low-income individuals. Based in Kittery, Maine, they operate a 50-unit elderly apartment complex and actively support the development of additional low-income housing projects. Their mission is centered around offering comfortable living spaces to qualified tenants, thereby contributing to the community's social fabric.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Berry Park Housing Corporation, rated at 79% by Charity Navigator, demonstrates a strong commitment to accountability and finance, which forms the basis of its overall score. The organization has achieved full marks in areas such as board independence and financial oversight, indicating a robust governance structure that is likely to ensure ethical operations and effective resource management.
The majority of the board members are independent, contributing to a balanced decision-making process. The organization also has comprehensive policies in place, including conflict of interest, whistleblower protections, and document retention, which further enhance its accountability. Additionally, it boasts a 100% program expense ratio, suggesting that all funds are directed towards its mission rather than administrative costs.
However, the organization received no points for its liabilities to assets ratio, which may signal potential financial concerns that warrant closer examination. While overall performance is commendable, stakeholders may want to assess this aspect more thoroughly to understand the financial health of Berry Park Housing Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Berry Park Housing Corporation C/O Avesta Housing legitimate?
Berry Park Housing Corporation C/O Avesta Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berry Park Housing Corporation C/O Avesta Housing 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 Berry Park Housing Corporation C/O Avesta Housing?
Berry Park Housing Corporation, affiliated with Avesta Housing, is committed to providing low-income housing opportunities for eligible tenants. The organization operates a 50-unit elderly apartment complex in an unspecified location. Beyond this, Berry Park Housing Corporation also supports the development of additional low-income housing projects, aiming to expand affordable housing options for those in need.
Who is the CEO of Berry Park Housing Corporation C/O Avesta Housing?
Eric Boucher is the Director of Berry Park Housing Corporation C/O Avesta Housing. The CEO's salary of Berry Park Housing Corporation C/O Avesta Housing is $0 and their total compensation is $226,435.
What is the revenue of Berry Park Housing Corporation C/O Avesta Housing?
Berry Park Housing Corporation C/O Avesta Housing's revenue in 2022 was $793,050.
Who are the executives of Berry Park Housing Corporation C/O Avesta Housing and what are their salaries?
Here are 11 key members and their salaries (Berry Park Housing Corporation C/O Avesta Housing's CEO's salary is $0 and their total compensation is $226,435):
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- Related: $0
- Other: $0
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- Other: $0
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- Related: $238,190
- Other: $47,500
- Compensation: $0
- Related: $141,377
- Other: $16,009
- Compensation: $0
- Related: $178,194
- Other: $41,000
- Compensation: $0
- Related: $185,435
- Other: $41,000
- Compensation: $0
- Related: $157,819
- Other: $27,000
Where can I find the form 990 for Berry Park Housing Corporation C/O Avesta Housing?
Berry Park Housing Corporation C/O Avesta Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Berry Park Housing Corporation C/O Avesta Housing
Berry Park Housing Corporation, a nonprofit organization under the umbrella of Avesta Housing, is committed to providing affordable housing solutions for qualified individuals. Their primary mission is to offer low-income housing, ensuring that eligible tenants have a place to call home. Beyond this, the organization extends its support to the development of additional low-income housing projects, aiming to expand its reach and make a broader impact. By doing so, Berry Park Housing Corporation plays a crucial role in addressing the housing needs of individuals who may otherwise struggle to secure suitable accommodations.
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Impact
October, 2024
Berry Park Housing Corporation C/O Avesta Housing significantly impacts the community by providing low-income housing to qualified tenants, particularly for elderly individuals in Kittery, Maine. By owning and operating a 50-unit apartment complex, the organization addresses a vital need for affordable housing, helping to ensure stability and security for its residents.
In addition to managing this property, Berry Park Housing Corporation actively supports the development of additional low-income housing in the area. This commitment not only aids current residents but also contributes to the broader community by fostering inclusive, supportive living environments that enable low-income individuals and families to thrive. Through these efforts, the organization plays a crucial role in enhancing the quality of life for vulnerable populations in the region.
This information is meant to be a general summary of Berry Park Housing Corporation C/O Avesta Housing. 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: $46,399
- Program Service Revenue: $240,569
- Gross Receipts: $793,050
Assets and Liabilities:
- Total Assets: $4,379,953
- Total Liabilities: $3,976,038
- Net Assets: $403,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$236,182
LAUNDRY/MISCELLANEOUS
Revenue
$4,387
Organization Details
Founding Year
2006
Phone
(207) 553-7777Principal Officer
Eric Boucher
Main Address
307 CUMBERLAND AVENUE, PORTLAND, ME, 04101
NTEE Category
Code: L21Z - Housing
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