Overview
What is Bloomington Restorations Inc?
Bloomington Restorations Inc, based in Bloomington, Indiana, is a dedicated nonprofit organization that focuses on preserving and restoring historic buildings in Monroe County. In 2022, they took on several projects, including repairing and repainting the Hinkle-Garton Farmstead, offering affordable housing in Stinesville, selling an endangered house to a restoring couple, and purchasing two more historic homes for restoration. Despite selling one of the homes, they continue their mission by actively marketing the remaining historic property for sale, seeking a buyer committed to restoration. The organization's work not only preserves historical landmarks but also provides affordable housing options for the community.
Official website here: www.bloomingtonrestorations.org
Is Bloomington Restorations Inc legitimate?
Bloomington Restorations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bloomington Restorations 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: $20,401
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bloomingtonrestorations.org
What is the mission statement of Bloomington Restorations Inc?
Bloomington Restorations Inc, as an organization, is committed to safeguarding and revitalizing historic structures. Their mission extends beyond preservation, also including the provision of affordable housing. In 2022, they successfully protected and restored the Hinkle-Garton Farmstead and offered affordable housing in Stinesville. Additionally, they sold an endangered house to a restoration-minded couple and continue to market another for potential buyers committed to restoring it. Overall, Bloomington Restorations Inc plays a significant role in preserving historical buildings and promoting affordable housing in the community.
Official website here: www.bloomingtonrestorations.org
Who is the CEO of Bloomington Restorations Inc?
Steve Wyatt is the Board Director of Bloomington Restorations Inc.
Official website here: www.bloomingtonrestorations.org
What is the revenue of Bloomington Restorations Inc?
Bloomington Restorations Inc's revenue in 2022 was $288,763.
Official website here: www.bloomingtonrestorations.org
Who are the executives of Bloomington Restorations Inc and what are their salaries?
The average compensation at Bloomington Restorations Inc during 2022 was $20,401. There is 1 employee at Bloomington Restorations Inc.
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Official website here: www.bloomingtonrestorations.org
Where can I find the form 990 for Bloomington Restorations Inc?
Bloomington Restorations Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bloomingtonrestorations.org
Learn more at the official website: www.bloomingtonrestorations.org
Mission Statement of Bloomington Restorations Inc
Bloomington Restorations Inc, as an organization, is dedicated to safeguarding and revitalizing historic buildings in its mission. The primary objective of this nonprofit is to preserve these historical structures while also providing affordable housing solutions. By doing so, Bloomington Restorations Inc contributes to the preservation of the past for future generations to appreciate.
In 2022, Bloomington Restorations Inc demonstrated its commitment to its mission by protecting and repairing the Hinkle-Garton Farmstead. The organization undertook the task of repairing and repainting the exterior of the main farmhouse, ensuring its continued existence. Moreover, Bloomington Restorations Inc provided affordable housing by leasing a home in Stinesville to a low-to-moderate income renter. Furthermore, the organization exhibited its dedication to preserving historical properties by selling an endangered house at 619 W. Smith Ave. in the Prospect Hill neighborhood to a couple who subsequently restored it. Bloomington Restorations Inc also showed its commitment to the restoration of historic buildings by purchasing two endangered historic houses. One of these properties was sold to buyers who restored it, while the other remains on the market, seeking a buyer who will agree to its restoration.
In summary, Bloomington Restorations Inc is a nonprofit organization that is devoted to preserving historic buildings and providing affordable housing solutions. By preserving these historical structures, Bloomington Restorations Inc helps to maintain a connection to the past, ensuring that future generations can appreciate and learn from the history of the community. Additionally, by providing affordable housing, Bloomington Restorations Inc contributes to the well-being of its community, making housing accessible to those who may not otherwise be able to afford it.
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Impact
October, 2024
Bloomington Restorations Inc (BRI) has made a significant impact on the preservation of historic buildings in Monroe County, Indiana, while also addressing the need for affordable housing. In 2022, BRI took critical steps to protect and restore the Hinkle-Garton Farmstead, initiating essential repairs and repainting of its main farmhouse.
Additionally, the organization has played a pivotal role in enhancing community housing options by providing affordable housing in Stinesville for low-to-moderate renters. BRI has actively worked to salvage endangered properties, exemplified by the sale of a historic house at 619 W. Smith Ave. in the Prospect Hill neighborhood to a couple who successfully restored it. The organization has also acquired two other endangered historic houses, one sold to buyers committed to restoration, while actively marketing the other for sale to ensure its preservation.
Through these efforts, BRI not only safeguards the architectural heritage of the region but also contributes to the availability of affordable living spaces, fostering a balanced and culturally rich community.
This information is meant to be a general summary of Bloomington Restorations 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: $4,993
- Program Service Revenue: $202,134
- Gross Receipts: $288,763
Assets and Liabilities:
- Total Assets: $1,923,017
- Total Liabilities: $956
- Net Assets: $1,922,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Renovations
Revenue
$202,134
Organization Details
Founding Year
1976
Phone
(812) 336-0909Principal Officer
Steve Wyatt
Main Address
2920 E Tenth Street, Bloomington, IN, 47408
NTEE Category
Code: L25 - Housing
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