Overview
What is Bradford-Tioga Leased Housing Corp?
Bradford-Tioga Leased Housing Corp is a nonprofit organization, situated in Mansfield, Pennsylvania (16933). Their primary purpose is to provide financial assistance to public housing authorities in Bradford and Tioga counties, facilitating the acquisition or construction of buildings for public housing purposes. Additionally, they extend their aid to other charitable not-for-profit organizations in these counties, assisting with the financing of building acquisitions and constructions for public housing purposes. To accomplish their mission, the corporation may acquire real estate, lease, purchase, or utilize other means to construct and equip buildings suitable for low-income housing and civic purposes, authorized by law. Overall, Bradford-Tioga Leased Housing Corp aims to promote and advance decent, safe, and sanitary housing for individuals with low, moderate, or special needs in Bradford County, Pennsylvania, and Tioga County, Pennsylvania.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
Bradford-Tioga Leased Housing Corp has received a low rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has a fully independent board, it lacks essential policies and documentation, such as a conflict of interest policy and a whistleblower policy, which are critical for transparency and governance. The absence of a website listed on the tax form further undermines its credibility.
Despite some positive aspects, such as having no material diversion of assets, the charity's financial metrics are troubling. With a program expense ratio of only 0.50%, it raises questions about the effectiveness of its funding allocation and service delivery. The liabilities to assets ratio of 2.23% also suggests potential financial instability.
Overall, the combination of missing policies, low program spending, and minimal transparency reflects significant challenges for Bradford-Tioga Leased Housing Corp. Stakeholders may want to consider these factors seriously when evaluating the organization’s operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Bradford-Tioga Leased Housing Corp legitimate?
Bradford-Tioga Leased Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bradford-Tioga Leased 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 Bradford-Tioga Leased Housing Corp?
Bradford-Tioga Leased Housing Corp's mission is centered around promoting and advancing decent, safe, and sanitary housing for individuals of low income, moderate income, or the elderly and/or disabled. The corporation aims to achieve this mission by providing financial assistance to public housing authorities for the acquisition and/or construction of buildings for public housing purposes. Additionally, they extend this financial aid to other charitable not-for-profit organizations, assisting them in financing the acquisition and construction of buildings for similar purposes. Furthermore, the organization may acquire real estate to construct or acquire and equip buildings for these purposes, whether for public housing authorities or other not-for-profit organizations.
Who is the CEO of Bradford-Tioga Leased Housing Corp?
Roger Graham is the President of Bradford-Tioga Leased Housing Corp.
What is the revenue of Bradford-Tioga Leased Housing Corp?
Bradford-Tioga Leased Housing Corp's revenue in 2022 was $1,506,160.
Who are the executives of Bradford-Tioga Leased Housing Corp and what are their salaries?
There 5 volunteers at Bradford-Tioga Leased Housing Corp.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Bradford-Tioga Leased Housing Corp?
Bradford-Tioga Leased Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bradford-Tioga Leased Housing Corp
Bradford-Tioga Leased Housing Corp is a nonprofit organization with a mission to promote and advance decent, safe, and sanitary housing for individuals and families of low income, moderate income, or those who are elderly or disabled. The corporation aims to achieve this purpose by undertaking several activities. Firstly, it provides financial assistance to public housing authorities in Bradford and Tioga Counties, Pennsylvania, to facilitate the acquisition or construction of buildings for public housing purposes. Secondly, Bradford-Tioga Leased Housing Corp extends financial aid to other charitable not-for-profit organizations in these counties, helping them finance the acquisition and construction of buildings for public housing purposes.
Furthermore, the corporation acquires real estate in Bradford and Tioga Counties by lease, purchase, lease-back, or other means. This acquired property is then utilized to construct or obtain and equip buildings that can be used by public housing authorities or other not-for-profit organizations for the provision of low-rent housing and other civic purposes authorized by law. Lastly, Bradford-Tioga Leased Housing Corp borrows funds necessary to cover the costs of acquiring, constructing, maintaining, and operating such properties and facilities. In essence, the nonprofit is dedicated to enhancing housing opportunities for underserved communities in Bradford and Tioga Counties, Pennsylvania.
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Impact
October, 2024
Bradford-Tioga Leased Housing Corp significantly impacts the communities of Bradford and Tioga Counties by facilitating the development and expansion of affordable housing options. By providing crucial financial assistance to public housing authorities, the organization enables the acquisition and construction of residential properties specifically designed to support low-income individuals, the elderly, and the disabled.
Through its planned activities, the organization ensures that housing authorities in these counties can effectively address the pressing need for safe and sanitary living conditions. By financing the construction and acquisition of buildings, it contributes to increasing the availability of low-rent housing, which is essential for fostering stable and supportive communities.
Additionally, the organization collaborates with other charitable entities, further enhancing its capacity to promote affordable housing initiatives. This collaboration amplifies its impact, allowing for a broader range of resources and expertise to be directed toward addressing housing challenges.
The strategic acquisition and development of real estate facilitate not only the creation of housing but also support civic purposes within the community, ultimately contributing to the overall quality of life for residents in Bradford and Tioga Counties.
This information is meant to be a general summary of Bradford-Tioga Leased 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: $45,299
- Program Service Revenue: -$42,707
- Gross Receipts: $1,558,921
Assets and Liabilities:
- Total Assets: $2,737,864
- Total Liabilities: $68,862
- Net Assets: $2,669,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INTERE
Revenue
$1,185
LOW INCOME HOUSING REN
Revenue
-$43,892
Organization Details
Founding Year
1972
Phone
(570) 638-2151Principal Officer
Roger Graham
Main Address
112 DORSETT HEIGHTS, MANSFIELD, PA, 16933
NTEE Category
Code: L80Z - Housing
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