Overview
What is Brookside Apartments Inc?
Brookside Apartments Inc, located in Erie, Pennsylvania, is a nonprofit organization dedicated to providing affordable housing for elderly individuals with low to very-low incomes. Through its management agent, Housing and Neighborhood Development Service (HANDS), they offer 20 attractive and well-maintained apartments in Meadville, PA. The mission of Brookside Apartments Inc is to ensure that elderly residents have access to comfortable living spaces, thereby contributing positively to their quality of life.
Official website here: www.hands-erie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Brookside Apartments Inc has received a 68% rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization scores well on various governance metrics, with a fully independent board and no material diversion of assets. These factors contribute positively to the overall assessment of the nonprofit's operational integrity.
However, there are notable weaknesses in the financial management category, particularly in the liabilities to assets ratio, which stands at 192.26%. This high ratio suggests potential financial instability, raising concerns about the organization's long-term sustainability. Additionally, the absence of a whistleblower policy and a document retention policy may indicate room for improvement in governance practices.
On the positive side, Brookside Apartments Inc demonstrates a strong commitment to its programmatic expenses, allocating 87.55% of its budget to direct services. This high percentage reflects the organization's focus on fulfilling its mission and serving its community effectively. Nevertheless, the overall rating reflects both strengths and areas needing improvement and should be considered by potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Brookside Apartments Inc legitimate?
Brookside Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brookside Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hands-erie.org
What is the mission statement of Brookside Apartments Inc?
Brookside Apartments Inc is committed to providing affordable housing for the elderly. Their mission is to offer attractive rental units to individuals with low and very-low income levels. Through their management agent, Housing and Neighborhood Development Service (HANDS), they provide 20 such units in their community. The organization's goal is to contribute positively to the elderly population's living situation, ensuring they can reside in a comfortable and affordable environment.
Official website here: www.hands-erie.org
Who is the CEO of Brookside Apartments Inc?
Sharon Richardson is the Chairman of Brookside Apartments Inc.
Official website here: www.hands-erie.org
What is the revenue of Brookside Apartments Inc?
Brookside Apartments Inc's revenue in 2022 was $171,996.
Official website here: www.hands-erie.org
Who are the executives of Brookside Apartments Inc and what are their salaries?
There 14 volunteers at Brookside Apartments Inc.
Here are 14 key members and their salaries:
- 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
- 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
Official website here: www.hands-erie.org
Where can I find the form 990 for Brookside Apartments Inc?
Brookside Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hands-erie.org
Learn more at the official website: www.hands-erie.org
Mission Statement of Brookside Apartments Inc
Brookside Apartments Inc, a nonprofit organization, is committed to providing and maintaining affordable housing for the elderly. Their mission is to offer attractive and reasonably priced rental units to very-low and low-income elderly individuals. Through their management agent, Housing and Neighborhood Development Service (HANDS), Brookside Apartments Inc successfully manages 20 such units, ensuring that the elderly community has access to comfortable and budget-friendly living spaces.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Brookside Apartments Inc plays a crucial role in addressing the housing needs of very-low and low-income elderly individuals in Meadville, PA. By providing 20 attractive and affordable apartment homes, it significantly enhances the quality of life for its residents, ensuring they have a safe, comfortable place to live.
With a focus on affordability and accessibility, Brookside Apartments contributes to the well-being of the elderly population in the area, allowing them to age in place with dignity. The management, through Housing and Neighborhood Development Service (HANDS), ensures that these units are well-maintained, fostering a supportive community where seniors can thrive.
The impact of Brookside Apartments extends beyond just housing; it contributes to the overall stability and health of the community by allowing seniors to remain integrated and engaged. This initiative not only meets essential housing needs but also promotes social connections among residents, thereby enriching their lives in various facets. By alleviating financial burdens associated with housing, Brookside Apartments Inc empowers elderly individuals to focus on their health, leisure activities, and social interactions, which are crucial for their overall quality of life.
This information is meant to be a general summary of Brookside Apartments 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: $193
- Program Service Revenue: $82,324
- Gross Receipts: $171,996
Assets and Liabilities:
- Total Assets: $733,550
- Total Liabilities: $1,365,609
- Net Assets: -$632,059
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$82,324
Organization Details
Founding Year
1996
Phone
(814) 453-3333Principal Officer
Sharon Richardson
Main Address
7 EAST 7TH STREET, ERIE, PA, 16501
Website
www.hands-erie.orgNTEE Category
Code: L22 - Housing
If you are a representative of Brookside Apartments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.