Overview
What is Bucks County Housing Developement Corp?
Bucks County Housing Development Corp is a nonprofit organization situated in Levittown, Pennsylvania. Their primary mission is to manage rental housing for low to moderate income senior citizens, offering them homes at rates below the fair market value. The corporation reported their income and expenses related to these rental units. According to the provided information, they have a team of six dedicated individuals working towards this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
Bucks County Housing Development Corp has received a two-star rating from Charity Navigator, indicating that their performance in accountability and finance needs improvement. The organization has a relatively strong governance structure, with all board members being independent and effective policies in place for conflict of interest, whistleblower protection, and document retention. However, their program expense ratio is notably low at 25.47%, which may indicate that a smaller portion of their budget is allocated directly to programs.
The organization scores well in various accountability measures, including a perfect score for independent board size and a lack of material diversion of assets. These factors suggest a commitment to ethical oversight and transparency. However, the significant area of concern lies in their program spending, which raises questions about the impact of their services relative to their overall financial management.
Overall, while Bucks County Housing Development Corp demonstrates strong governance practices and transparency, the low program expense ratio highlights a potential area for improvement to ensure that more resources are directed toward their mission-driven work.
This AI summary has been generated from information found on Charity Navigator.
Is Bucks County Housing Developement Corp legitimate?
Bucks County Housing Developement Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bucks County Housing Developement 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: $99,358
For more financial information, click here
What is the mission statement of Bucks County Housing Developement Corp?
The Bucks County Housing Development Corporation's mission is focused on managing rental housing for senior citizens with low to moderate income, ensuring they reside in units that are priced below fair market rent. This organization plays a crucial role in providing affordable living solutions for this demographic. The Corporation's activities primarily revolve around managing these rental units, reporting their income and expenses, and ensuring they adhere to the stipulations of the 'Rental Units' program.
What is the revenue of Bucks County Housing Developement Corp?
Bucks County Housing Developement Corp's revenue in 2023 was $170,236.
Who are the executives of Bucks County Housing Developement Corp and what are their salaries?
The average compensation at Bucks County Housing Developement Corp during 2023 was $24,840. There are 4 employees and 8 volunteers at Bucks County Housing Developement Corp.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Bucks County Housing Developement Corp?
Bucks County Housing Developement Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bucks County Housing Developement Corp
Bucks County Housing Development Corp, as a nonprofit organization, is dedicated to managing rental housing for senior citizens with low to moderate income, ensuring they reside in units priced below fair market rent. This mission is crucial in providing affordable living spaces for an often overlooked demographic. The organization manages these rental units, keeping track of their income and expenses through regular reports, ensuring the sustainability and efficiency of its operations. By doing so, Bucks County Housing Development Corp plays a significant role in supporting senior citizens who may be financially vulnerable, enabling them to maintain a decent standard of living.
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Impact
October, 2024
Bucks County Housing Development Corp plays a crucial role in providing affordable rental housing for low to moderate-income senior citizens in Levittown, PA. By managing rental units that are priced below fair market rent, the organization helps alleviate financial burdens faced by elderly residents, ensuring they have access to safe and stable homes.
This initiative significantly impacts the community by improving the quality of life for seniors, allowing them to maintain their independence while living in a supportive environment. Additionally, it fosters social stability and enhances the overall well-being of the community, as affordable housing options contribute to a diverse and inclusive neighborhood. The organization's focus on senior residents addresses a vital need, promoting dignity and comfort for an often vulnerable population.
This information is meant to be a general summary of Bucks County Housing Developement 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 2023.
- Investment Income: $15,148
- Program Service Revenue: $155,088
- Gross Receipts: $170,236
Assets and Liabilities:
- Total Assets: $6,567,397
- Total Liabilities: $3,552,131
- Net Assets: $3,015,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT
Revenue
$120,088
RENT & RELATED
Revenue
$35,000
Organization Details
Founding Year
1994
Principal Officer
Stephen Marzullo
NTEE Category
Code: L22 - Housing
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