Overview
What is Brandywine Apartments Inc?
Brandywine Apartments Inc is a nonprofit organization situated in Xenia, Ohio, with a specific mission to construct and manage a housing facility catering to individuals with mental and physical disabilities. Funded in part by the U.S. Department of Housing and Urban Development, this organization's primary objective is to provide a safe and supportive living environment for individuals in the Xenia area who may require special accommodations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Brandywine Apartments Inc has achieved an 80% score, which qualifies it for a Three-Star rating on Charity Navigator. This rating reflects the charity's strong emphasis on Accountability & Finance, indicating that it manages resources responsibly and effectively. The score is solely derived from the accountability and financial metrics, showcasing the organization's commitment to transparency and sound financial practices.
The organization boasts a fully independent board, with all ten members meeting the necessary criteria for independence, demonstrating a commitment to governance and accountability. Additionally, Brandywine Apartments Inc has no recorded material diversion of assets, which further enhances its financial integrity. The charity effectively documents board meeting minutes and implements a conflict of interest policy, contributing to a culture of accountability.
In terms of financial health, the charity shows a low liabilities to assets ratio of 6.18%, which suggests stable financial management. Furthermore, with a program expense ratio of nearly 80%, Brandywine Apartments Inc effectively directs the majority of its funds toward its programs, indicating a strong focus on its mission and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Brandywine Apartments Inc legitimate?
Brandywine Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brandywine 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
What is the mission statement of Brandywine Apartments Inc?
Brandywine Apartments Inc is dedicated to constructing and managing a housing facility for individuals with mental and physical disabilities. Their mission is to provide a suitable living environment for this specific group of individuals, ensuring they have access to comfortable and adequate accommodation. This endeavor is partly funded by the U.S. Department of Housing and Urban Development. The organization's primary goal is to contribute positively to the lives of those with disabilities by offering them a suitable place to call home.
Who is the CEO of Brandywine Apartments Inc?
David Scott is the Chairman of Brandywine Apartments Inc.
What is the revenue of Brandywine Apartments Inc?
Brandywine Apartments Inc's revenue in 2022 was $72,446.
Who are the executives of Brandywine Apartments Inc and what are their salaries?
There 6 volunteers at Brandywine Apartments Inc.
Here are 7 key members and their salaries:
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- Other: $0
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- Compensation: $0
- Related: $69,913
- Other: $8,208
Where can I find the form 990 for Brandywine Apartments Inc?
Brandywine Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brandywine Apartments Inc
Brandywine Apartments Inc, a nonprofit organization, is dedicated to constructing and managing a housing facility catering to individuals with mental and physical disabilities. Their mission is to provide a living space that is inclusive and supportive, enabling these individuals to lead independent and fulfilling lives. The organization's efforts are backed by the U.S. Department of Housing and Urban Development, demonstrating a commitment to this cause on a national level. By building and operating such a facility, Brandywine Apartments Inc contributes to the overall well-being of its residents, providing them with a safe and inclusive environment where they can flourish.
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Impact
August, 2024
Brandywine Apartments Inc's impact lies in providing a vital housing facility for the mentally and physically handicapped in the Xenia, Ohio area. By constructing and operating this facility, Brandywine Apartments Inc addresses a critical need in the community, offering a safe and supportive living environment for individuals with specialized needs. Through their work, they contribute to enhancing the quality of life for those who may face challenges in finding appropriate housing options.
This information is meant to be a general summary of Brandywine 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: $5
- Program Service Revenue: $72,441
- Gross Receipts: $72,446
Assets and Liabilities:
- Total Assets: $201,187
- Total Liabilities: $7,612
- Net Assets: $193,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$31,944
RENTAL INCOME
Revenue
$24,547
TENANT CHARGES
Revenue
$15,950
Organization Details
Founding Year
2010
Phone
(937) 376-7810Principal Officer
David Scott
Main Address
335 E MARKET STREET, XENIA, OH, 45385
NTEE Category
Code: L21 - Housing
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