Overview
What is Better Homes Inc?
Better Homes Inc is a nonprofit organization based in Bristol, Pennsylvania, dedicated to providing affordable housing solutions for low and moderate-income families. They engage in the purchase, rehabilitation, and either sale or rental of homes, ensuring that these properties are offered at affordable prices. By doing so, Better Homes Inc aims to make housing more accessible and affordable for this specific demographic, thereby contributing to the betterment of their living standards.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Better Homes Inc has achieved a solid score of 82%, reflecting a strong emphasis on accountability and financial management. The rating is derived entirely from their Accountability & Finance score, indicating a commitment to transparency and responsible stewardship of resources. The organization is governed by a fully independent board, showcasing a robust governance structure.
The charity demonstrates exceptional financial practices, including a high program expense ratio of 71.45%, suggesting that a significant portion of its funding is directed toward its mission-related activities. Additionally, its liabilities to assets ratio stands at a commendable 15.90%, indicating sound financial health. The organization also effectively documents board meeting minutes and has had no material diversions of assets, reinforcing its reliability.
Despite the positive aspects, the single beacon score may suggest limited diversification in the evaluation metrics. This could imply that while financial accountability is well-handled, other areas such as program impact or community feedback may not have been assessed in this rating. Overall, Better Homes Inc appears to be a trustworthy organization, committed to effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Better Homes Inc legitimate?
Better Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Homes Inc 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: $69,418
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,466
For more financial information, click here
What is the mission statement of Better Homes Inc?
Better Homes Inc, as an organization, focuses on providing affordable housing solutions to families with low to moderate incomes. Their mission is accomplished by purchasing, rehabilitating, selling, or renting homes at reasonable prices. By doing so, they aim to contribute to the housing needs of this particular income group, thereby promoting affordable living standards. The organization's activities extend beyond just property transactions, as they also offer housing programs for this demographic.
Who is the CEO of Better Homes Inc?
Betty Gilbert is the President of Better Homes Inc.
What is the revenue of Better Homes Inc?
Better Homes Inc's revenue in 2022 was $507,159.
Who are the executives of Better Homes Inc and what are their salaries?
The average compensation at Better Homes Inc during 2022 was $25,577. There are 5 employees and 7 volunteers at Better Homes Inc.
Here are 8 key members and their salaries:
- Compensation: $55,000
- Related: $0
- Other: $14,418
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Better Homes Inc?
Better Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Better Homes Inc
Better Homes Inc, as a nonprofit organization, is committed to a mission that involves purchasing, rehabilitating, selling, or renting homes to families with low and moderate incomes at affordable prices. This mission is geared towards providing housing solutions for individuals and families who might otherwise struggle to find affordable housing options. By engaging in this activity, Better Homes Inc aims to make a significant impact on the lives of its beneficiaries, enabling them to secure a stable living environment. The organization's work in this area is essential, as it helps to bridge the gap between the housing needs of low and moderate-income families and the availability of affordable housing options. In essence, Better Homes Inc is dedicated to improving living conditions and promoting social equity by ensuring that everyone, regardless of their income level, has access to safe, decent, and affordable housing.
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Impact
July, 2024
Better Homes Inc's impact lies in its mission to provide affordable housing solutions for low and moderate-income families in Bristol, PA. By purchasing, rehabilitating, selling, or renting homes at affordable prices, they are directly addressing the pressing need for accessible housing options in the community. Through their initiatives, Better Homes Inc is helping to improve the quality of life for individuals and families who may otherwise struggle to find suitable housing. Their work contributes to creating a more inclusive and supportive environment for those in need of affordable housing solutions.
This information is meant to be a general summary of Better Homes Inc. 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: $250,625
- Program Service Revenue: $134,892
- Gross Receipts: $673,993
Assets and Liabilities:
- Total Assets: $3,309,894
- Total Liabilities: $526,425
- Net Assets: $2,783,469
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$134,232
APPLICATION FEES
Revenue
$660
Organization Details
Founding Year
1975
Phone
(215) 945-3400Principal Officer
Betty Gilbert
Main Address
2605 DURHAM ROAD, BRISTOL, PA, 190070022
NTEE Category
Code: L20Z - Housing
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