Overview
What is Beaver County Commmunity Housing Development Organization Inc?
Beaver County Community Housing Development Organization Inc, located at 2242 Darlington Road, Beaver Falls, Pennsylvania 15010, is a dedicated nonprofit organization. Their primary mission is to supply decent and affordable housing options for individuals with low and moderate incomes. They strive to make a difference in their community by delivering housing solutions that cater to those who need it most. The organization's activities are centered around this mission, ensuring that housing remains accessible and within financial reach for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Beaver County Community Housing Development Organization Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization has demonstrated strengths in its governance, with a fully independent board and strong financial oversight, reflected in its high program expense ratio of 99.30%. This suggests that a significant portion of its funding is directed towards its mission-related programs.
However, there are notable limitations that have impacted its overall score. The organization has a concerning liabilities to assets ratio of 102.88%, which indicates financial instability. Additionally, the absence of key policies such as a conflict of interest policy, whistleblower policy, and a document retention policy raises questions about its governance practices and transparency.
While the organization is performing well in several areas, such as documenting board meeting minutes and maintaining a clean audit record, the missing financial documentation on its website and lack of essential policies are critical areas for improvement. Addressing these issues will be vital for enhancing its accountability and increasing public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Beaver County Commmunity Housing Development Organization Inc legitimate?
Beaver County Commmunity Housing Development Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaver County Commmunity Housing Development Organization 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: $94,311
For more financial information, click here
What is the mission statement of Beaver County Commmunity Housing Development Organization Inc?
The Beaver County Community Housing Development Organization Inc is committed to providing decent and affordable housing solutions for individuals with low and moderate income levels. This mission is at the heart of their activities, aiming to contribute positively to their community by addressing one of its fundamental needs. By focusing on affordable housing, they strive to ensure that everyone has a place to call home, regardless of their financial situation. Their efforts are geared towards promoting social equity and improving the living conditions of those in need.
Who is the CEO of Beaver County Commmunity Housing Development Organization Inc?
Leo J Hegner is the Treasurer of Beaver County Commmunity Housing Development Organization Inc.
What is the revenue of Beaver County Commmunity Housing Development Organization Inc?
Beaver County Commmunity Housing Development Organization Inc's revenue in 2022 was $946,277.
Who are the executives of Beaver County Commmunity Housing Development Organization Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Beaver County Commmunity Housing Development Organization Inc?
Beaver County Commmunity Housing Development Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beaver County Commmunity Housing Development Organization Inc
Beaver County Community Housing Development Organization Inc is committed to providing decent and affordable housing solutions for individuals and families with low to moderate income. This nonprofit organization's mission is centered around addressing the housing needs of this specific demographic, ensuring they have access to comfortable and economical living spaces. By providing such housing, Beaver County Community Housing Development Organization Inc plays a significant role in promoting social equity and improving the quality of life for those who may otherwise struggle to secure affordable housing.
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Impact
October, 2024
Beaver County Community Housing Development Organization Inc plays a crucial role in enhancing the quality of life for low and moderate-income individuals and families. By focusing on providing decent and affordable housing, the organization addresses one of the most fundamental needs in any community: shelter.
The impact of this initiative extends beyond simply offering housing; it fosters stability and security for residents, enabling them to pursue educational and employment opportunities without the constant worry of housing instability. By creating accessible living options in Beaver Falls, PA, the organization helps alleviate homelessness and reduces the burden of high rental costs that can lead to financial stress.
Moreover, providing quality housing contributes to the overall health and well-being of individuals and families. Safe and affordable housing supports improved health outcomes, enhances community cohesion, and promotes economic development within the region. As such, Beaver County Community Housing Development Organization Inc plays an essential role in building a thriving community by ensuring that those in need have access to the resources required for a secure and fulfilling life.
This information is meant to be a general summary of Beaver County Commmunity Housing Development Organization 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: -$38,548
- Program Service Revenue: $941,669
- Gross Receipts: $946,277
Assets and Liabilities:
- Total Assets: $7,164,849
- Total Liabilities: $7,371,594
- Net Assets: -$206,745
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING PROJECTS
Revenue
$941,669
Organization Details
Founding Year
2000
Phone
(724) 843-9250Principal Officer
Leo J Hegner
Main Address
2242 DARLINGTON ROAD RM/STE 2, BEAVER FALLS, PA, 15010
NTEE Category
Code: L21 - Housing
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