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Beaver Island Community Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300246447 ✦ Beaver island, MI ✦ Designated as a 501(c)(3)

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Overview

What is Beaver Island Community Development Corporation?

The Beaver Island Community Development Corporation is a nonprofit organization situated in Beaver Island, Michigan. Their primary mission revolves around the development, ownership, and management of a 6-unit senior citizen housing project, catering to individuals with low income. This project aims to provide affordable living accommodations for senior residents, contributing to the community's welfare and fostering a supportive environment for elderly residents.


Official website here: www.beaverislandcdc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. The rating indicates that the Beaver Island Community Development Corporation has room for improvement in its accountability and financial practices, as reflected by its overall score of 68. The organization excels in areas such as having a majority of independent board members and a strong program expense ratio, which suggests efficient use of funds toward its mission.

However, several key areas raise concerns, particularly the lack of a whistleblower policy and deficiencies in document retention practices, both of which received a score of zero. Additionally, the organization did not post its tax form on its website, which can affect transparency and public trust. This suggests that while the organization is compliant in certain aspects, it may not be fully meeting best practices in governance and transparency.

Overall, while the Beaver Island Community Development Corporation has strengths in its board independence and program efficiency, the significant gaps in financial accountability and transparency suggest that potential donors and stakeholders should consider these factors when engaging with the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Beaver Island Community Development Corporation legitimate?

Beaver Island Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaver Island Community Development Corporation 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.beaverislandcdc.org

What is the mission statement of Beaver Island Community Development Corporation?

The Beaver Island Community Development Corporation is dedicated to the development and management of a specific housing project. This project is designed for senior citizens with limited income, providing them with six units of accommodation. The corporation's mission encompasses the ownership and management of this senior living facility, ensuring it serves its intended purpose effectively.


Official website here: www.beaverislandcdc.org

Who is the CEO of Beaver Island Community Development Corporation?

Jane Mackenzie is the Director of Beaver Island Community Development Corporation.


Official website here: www.beaverislandcdc.org

What is the revenue of Beaver Island Community Development Corporation?

Beaver Island Community Development Corporation's revenue in 2022 was $48,943.


Official website here: www.beaverislandcdc.org

Who are the executives of Beaver Island Community Development Corporation and what are their salaries?

There 5 volunteers at Beaver Island Community Development Corporation.


Here are 5 key members and their salaries:


Alana Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Speck (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Wojan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Mackenzie (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Lodico (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.beaverislandcdc.org

Where can I find the form 990 for Beaver Island Community Development Corporation?

Beaver Island Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.beaverislandcdc.org

Learn more at the official website: www.beaverislandcdc.org

Mission Statement of Beaver Island Community Development Corporation

The Beaver Island Community Development Corporation is dedicated to the development and management of a 6-unit low-income senior housing project. This nonprofit organization's mission involves creating and maintaining a suitable living environment for elderly individuals with limited income, ensuring they have access to secure and comfortable accommodations. By overseeing the ownership and management of this senior citizen housing project, the Beaver Island Community Development Corporation demonstrates its commitment to enhancing the quality of life for seniors in need.

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Impact




August, 2024

Beaver Island Community Development Corporation has made a significant impact by providing affordable housing options for low-income senior citizens on Beaver Island, MI. Through the development, ownership, and management of a 6-unit senior citizen low-income housing project, this organization has addressed a critical need in the community. By offering affordable housing options, Beaver Island Community Development Corporation has improved the quality of life for seniors on the island, ensuring they have a safe and comfortable place to call home. Additionally, by focusing on this specific demographic, the organization has demonstrated a commitment to supporting and enhancing the well-being of the elderly population in the area.




This information is meant to be a general summary of Beaver Island Community Development Corporation. 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.

Revenue
$48,943 (2022)
Expenses
$75,010 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19
  • Program Service Revenue: $48,924
  • Gross Receipts: $48,943

Assets and Liabilities:

  • Total Assets: $732,012
  • Total Liabilities: $1,030,839
  • Net Assets: -$298,827

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$47,610

LAUNDRY INCOME

Revenue

$1,314

Organization Details

Founding Year

2003

Principal Officer

Jane Mackenzie

Main Address

PO BOX 447, BEAVER ISLAND, MI, 49782

NTEE Category

Code: L20 - Housing

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