Overview
What is Bedminster Hills Housing Corp?
Bedminster Hills Housing Corp is a nonprofit organization committed to improving the social welfare of individuals with modest and low incomes. Located primarily in Bedminster, New Jersey, this corporation offers affordable housing options below market value through purchases and rentals. The organization's mission involves providing essential support to qualified applicants in their housing endeavors and aiding homeowners to maintain these dwellings for this demographic. Bedminster Hills Housing Corp incurs expenses in the qualification process and strives to preserve affordable housing opportunities for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Stars)
Bedminster Hills Housing Corp has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance. With an Accountability & Finance score of 70%, the organization shows strengths in maintaining an independent board and having no material diversion of assets. However, there are several critical areas that require improvement, particularly in transparency and governance.
The organization boasts a fully independent board of 12 members and demonstrates a strong liabilities to assets ratio of 0.00%, reflecting effective financial management. The program expense ratio of 67.27% suggests that a significant portion of its funds is directed towards its programs, which is a positive aspect for stakeholders assessing its operational effectiveness.
On the downside, Bedminster Hills Housing Corp has several governance policies missing, including conflict of interest and whistleblower policies, which can raise concerns about accountability. Additionally, the absence of its website on the tax form and the lack of posted financial documents on its website detracts from its transparency, making it harder for donors to assess its financial health and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Bedminster Hills Housing Corp legitimate?
Bedminster Hills Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bedminster Hills Housing 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
For more financial information, click here
What is the mission statement of Bedminster Hills Housing Corp?
Bedminster Hills Housing Corp is committed to enhancing the social well-being of individuals with modest and low income levels. The corporation plays a significant role in facilitating their access to affordable housing by assisting in the purchasing or renting of properties at below-market values. Primarily situated in various locations, the corporation provides affordable housing opportunities, working diligently to ensure that qualified applicants can secure these residences. In addition, Bedminster Hills Housing Corp offers support to homeowners, helping them maintain and preserve these affordable homes for their intended demographic.
Who is the CEO of Bedminster Hills Housing Corp?
Debra Stern is the Secretary of Bedminster Hills Housing Corp.
What is the revenue of Bedminster Hills Housing Corp?
Bedminster Hills Housing Corp's revenue in 2022 was $816.
Who are the executives of Bedminster Hills Housing Corp and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bedminster Hills Housing Corp?
Bedminster Hills Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bedminster Hills Housing Corp
Bedminster Hills Housing Corp is dedicated to improving the lives of individuals with modest incomes. Their primary mission is to aid these individuals in the process of purchasing or renting housing that falls below market value, ensuring affordability. By promoting social welfare, the corporation plays a crucial role in providing these individuals with a stable living environment. To accomplish this, Bedminster Hills Housing Corp incurs expenses to qualify applicants for low and moderate income housing and offers assistance to homeowners to preserve this type of housing for this demographic.
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Impact
October, 2024
Bedminster Hills Housing Corp plays a crucial role in enhancing the social welfare of individuals with low and moderate incomes. By facilitating access to below-market value housing, the organization helps address the pressing need for affordable living options in the community. The impact of their work extends beyond mere housing access; it fosters stability and economic security for families who might otherwise struggle to find suitable accommodations.
Through comprehensive support in the purchasing or rental process, Bedminster Hills Housing Corp not only helps individuals secure homes but also invests in the overall well-being of the community. Their efforts in qualifying applicants for low and moderate income housing ensure that those in need receive the necessary assistance, while their support for homeowners contributes to preserving housing affordability for this demographic. By addressing the housing challenges faced by lower-income individuals, Bedminster Hills Housing Corp significantly contributes to the social fabric and economic health of Bedminster, NJ.
This information is meant to be a general summary of Bedminster Hills Housing 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: $816
- Gross Receipts: $816
Assets and Liabilities:
- Total Assets: $392,982
- Total Liabilities: $0
- Net Assets: $392,982
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Organization Details
Founding Year
1984
Phone
(908) 212-7010Principal Officer
Debra Stern
Main Address
1 Miller Lane STE A, Bedminster, NJ, 07921
NTEE Category
Code: L20 - Housing
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