Overview
What is Beam Housing Services Inc?
Beam Housing Services Inc, situated in Lebanon, New Jersey, functions as a nonprofit organization. Their primary mission is to extend social services to individuals residing in low-income properties. This encompasses offering a wide range of assistance to cater to their residents' needs. The organization remains dedicated to this purpose, ensuring that the community they serve has access to essential support services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Beam Housing Services Inc has received a low rating of 58%, resulting in a One-Star out of Four Stars designation. This score is based solely on the Accountability & Finance beacon, indicating potential concerns in financial management and transparency. While the organization excels in having a majority of independent board members and shows strong program expense ratios, several key policies and website documentation are missing, which negatively influences its overall rating.
The organization demonstrates strengths in governance, with a fully independent board and no material diversion of assets reported, indicating a commitment to ethical standards. The program expense ratio is notably high at 99.72%, suggesting that funds are primarily being directed toward its mission. However, the absence of critical policies such as conflict of interest and whistleblower protections raises red flags regarding accountability.
Overall, while Beam Housing Services Inc showcases strong financial commitment towards its programs, the lack of essential governance policies and transparency in documentation poses significant limitations. Stakeholders may want to consider these factors when evaluating the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Beam Housing Services Inc legitimate?
Beam Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beam Housing Services 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 Beam Housing Services Inc?
Beam Housing Services Inc is committed to offering social support services to residents living in low-income properties. Their mission is centered around enhancing the lives of these individuals by providing essential resources and aid. By offering these services, Beam Housing Services Inc aims to contribute positively to their residents' well-being and improve their quality of life. The organization's activities encompass various aspects of social support, including but not limited to, counseling, education, and community engagement. Their ultimate goal is to ensure that every resident in their care has the opportunity to thrive in their living environment.
Who is the CEO of Beam Housing Services Inc?
Manuel Fernandez-Casteleiro is the President of Beam Housing Services Inc.
What is the revenue of Beam Housing Services Inc?
Beam Housing Services Inc's revenue in 2021 was $64,449.
Who are the executives of Beam Housing Services Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $32,496
- 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
Where can I find the form 990 for Beam Housing Services Inc?
Beam Housing Services Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Beam Housing Services Inc
Beam Housing Services Inc is dedicated to delivering essential social services to residents living in properties with low income levels. Their mission, in simpler terms, is to offer comprehensive assistance to individuals and families who may be financially challenged, ensuring they have access to the necessary resources to improve their quality of life. By providing these services, Beam Housing Services Inc aims to create more supportive and inclusive communities.
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Impact
August, 2024
Beam Housing Services Inc's impact can be seen in the improvements in the lives of residents of low-income properties in Lebanon, NJ. Through their social services, they have been able to positively contribute to the well-being and livelihoods of individuals and families facing financial challenges. Their mission-driven approach has potentially led to increased access to essential resources, empowerment of individuals, and overall enhancement of the community's quality of life.
This information is meant to be a general summary of Beam Housing Services 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 2021.
- Investment Income: $2,014
- Program Service Revenue: $57,397
- Gross Receipts: $64,449
Assets and Liabilities:
- Total Assets: $8,367,311
- Total Liabilities: $6,700,429
- Net Assets: $1,666,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INV. IN PROG. RELATED ENT
Revenue
-$107
Social Services
Revenue
$57,504
Organization Details
Founding Year
2010
Phone
(732) 742-3549Principal Officer
Manuel Fernandez-Casteleiro
Main Address
10 RIDGE ROAD, LEBANON, NJ, 08833
NTEE Category
Code: P20 - Human services
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