Overview
What is Community Basics Inc?
Community Basics Inc, located at 941 WHEATLAND Ste 204, Lancaster, Pennsylvania, is a nonprofit organization dedicated to addressing housing needs. They offer temporary shelter to homeless individuals and work on developing low to moderate income housing. Furthermore, Community Basics Inc manages Low Income Tax Credit projects and provides supportive services to ensure the success of these projects. Their mission is to create and manage high-quality, affordable housing in Central Pennsylvania and surrounding areas, contributing positively to the community. With a team of 18 dedicated individuals, this organization strives to make housing more accessible and inclusive for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Community Basics Inc has achieved a three-star rating with a score of 79%, reflecting solid accountability and financial practices. The rating is solely based on the charity's performance in the Accountability & Finance category, indicating a strong commitment to transparency and responsible management of resources.
The organization demonstrates a commendable governance structure, with an entirely independent board made up of eight members. It has received full points for various policies, including conflict of interest and whistleblower policies, which are essential for maintaining integrity in operations. Additionally, Community Basics Inc shows a healthy financial standing, with a high program expense ratio of 99.43%, ensuring that most of its funds are directed towards its mission rather than administrative costs.
While the rating reflects a strong commitment to accountability, it is important to note that the score is based exclusively on financial metrics. Potential donors should consider a broader evaluation of the organization's impact and effectiveness in achieving its goals beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Community Basics Inc legitimate?
Community Basics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Basics 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: $119,933
Professional Fundraising Fees: $0
Other Salaries and Wages: $759,614
For more financial information, click here
What is the mission statement of Community Basics Inc?
Community Basics Inc is dedicated to creating and managing high-quality, affordable housing in central Pennsylvania and surrounding areas. Their mission is to provide housing solutions for individuals with moderate income, including managing Low Income Tax Credit projects and developing housing for homeless individuals. The organization also offers supportive services to enhance the living experience of its residents.
What is the revenue of Community Basics Inc?
Community Basics Inc's revenue in 2023 was $3,880,488.
Who are the executives of Community Basics Inc and what are their salaries?
The average compensation at Community Basics Inc during 2023 was $54,972. There are 16 employees at Community Basics Inc.
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $119,933
- Related: $0
- Other: $0
Where can I find the form 990 for Community Basics Inc?
Community Basics Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Community Basics Inc
Community Basics Inc, a nonprofit organization, is dedicated to creating and managing high-quality, affordable housing in central Pennsylvania and its surrounding areas. Their mission is to provide homes that are within reach for individuals with modest income levels. Through this mission, Community Basics Inc has taken various steps, including developing low to moderate income housing, managing Low Income Tax Credit projects, and offering supportive services to those in need. By doing so, the organization has not only provided housing to homeless individuals but has also contributed to the creation of affordable living spaces in the community.
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Impact
October, 2024
Community Basics Inc. significantly enhances the quality of life in Central Pennsylvania and its surrounding areas by creating and managing high-quality, affordable housing options. Their work directly supports homeless individuals by providing them with stable housing solutions, which is crucial for fostering independence and community integration.
In addition to addressing homelessness, Community Basics Inc. develops low- to moderate-income housing, ensuring that residents have access to safe and affordable living environments. They also manage low-income tax credit projects, which further promotes economic stability for families in need.
Beyond housing, Community Basics Inc. offers supportive services that empower residents to improve their circumstances and build sustainable futures. Their holistic approach not only meets immediate housing needs but also contributes to the long-term well-being of the community, helping to break the cycle of poverty and enhance the overall quality of life for those they serve.
This information is meant to be a general summary of Community Basics 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 2023.
- Investment Income: $12,102
- Gross Receipts: $3,880,488
Assets and Liabilities:
- Total Assets: $7,499,782
- Total Liabilities: $4,121,827
- Net Assets: $3,377,955
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Organization Details
Founding Year
1998
Principal Officer
Lisa A Greener
NTEE Category
Code: T20I - Philanthropy
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