Overview
What is Bethany Development Corporation?
Bethany Development Corporation is a nonprofit organization situated in Mechanicsburg, Pennsylvania. Its primary objective is to provide housing and related support services to low-income, disabled, and elderly individuals and families. They are responsible for managing a multi-unit rental project funded by HUD, housing 149 units. This project aims to offer more than just a place to live, but also essential facilities and services. The corporation's mission is deeply rooted in the well-being of its residents, ensuring that they live in an environment that caters to their unique needs as low-income, disabled, or elderly individuals. With a team of 12 dedicated employees, Bethany Development Corporation strives to create a supportive community where its residents can thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Bethany Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and finance. The overall score is based entirely on the Accountability & Finance beacon, with a score of 94%. This rating reflects the organization's commitment to transparency and responsible financial management, which is essential for maintaining donor trust and support.
The organization's strengths are highlighted by its 100% independent board members and a robust financial oversight structure, including an audit and oversight committee that scored perfectly. Additionally, Bethany Development Corporation has no material diversion of assets, and it has implemented comprehensive policies regarding conflicts of interest and whistleblowing. The high program expense ratio of 87.81% further demonstrates the charity's focus on effective program delivery rather than administrative costs.
While the data indicates strong performance in many areas, potential donors and stakeholders should continue to monitor the organization's activities and financial health. Maintaining such a high level of accountability and governance will be crucial for the organization's ongoing success and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Bethany Development Corporation legitimate?
Bethany Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethany Development 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.
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What is the mission statement of Bethany Development Corporation?
Bethany Development Corporation is dedicated to providing housing and related support services to low-income, disabled, and elderly individuals. Their mission is to offer suitable living spaces and facilities, along with essential services, catering specifically to this vulnerable group. By doing so, they aim to enhance the quality of life for these individuals and families, ensuring they have the necessary support to thrive. Their primary project, a multi-unit rental estate funded by HUD, houses 149 units, serving as a testament to their commitment towards this cause.
Who is the CEO of Bethany Development Corporation?
Christopher Zeigler is the President of Bethany Development Corporation.
What is the revenue of Bethany Development Corporation?
Bethany Development Corporation's revenue in 2022 was $1,475,024.
Who are the executives of Bethany Development Corporation and what are their salaries?
There are 12 employees and 18 volunteers at Bethany Development Corporation.
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Where can I find the form 990 for Bethany Development Corporation?
Bethany Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bethany Development Corporation
Bethany Development Corporation is a dedicated organization that focuses on providing housing and related support services for low-income, disabled, and elderly individuals. Their mission is to ensure that these vulnerable groups have access to suitable housing facilities and necessary amenities. By operating a multi-unit rental project funded by HUD, they offer 149 units to accommodate low-income disabled and elderly individuals and families, thereby offering them a secure and comfortable living environment. The corporation's services go beyond just housing, as they also aim to provide associated facilities and resources to meet the unique needs of their residents, contributing significantly to their overall well-being.
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Impact
October, 2024
Bethany Development Corporation significantly impacts the community by providing essential housing and support services tailored for low-income, disabled, and elderly individuals and families. Located in Mechanicsburg, PA, the organization operates a multi-unit rental project comprising 149 units, specifically funded through HUD. This initiative not only addresses the critical need for affordable housing in the area but also creates a supportive environment where residents can access related facilities and services.
By focusing on vulnerable populations, Bethany Development Corporation enhances the quality of life for its residents. The provision of stable housing contributes to improved health and well-being, helping individuals and families to thrive. Additionally, the organization plays a vital role in fostering a sense of community among its residents, ensuring that those in need are not only housed but also supported in their daily lives. In essence, Bethany Development Corporation stands as a pillar of assistance and empowerment for its targeted demographics, making a meaningful difference in the lives of many in the Mechanicsburg area.
This information is meant to be a general summary of Bethany Development 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: $2,447
- Program Service Revenue: $652,003
- Gross Receipts: $1,475,024
Assets and Liabilities:
- Total Assets: $3,374,709
- Total Liabilities: $1,099,301
- Net Assets: $2,275,408
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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
$652,003
Organization Details
Founding Year
1976
Phone
(301) 250-2100Principal Officer
Christopher Zeigler
Main Address
2245 NORTH BANK DRIVE, MECHANICSBURG, PA, 17055
NTEE Category
Code: L21 - Housing
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