Beavercreek Elderly Inc

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

EIN: 311070521 ✦ Columbus, OH ✦ Designated as a 501(c)(3)

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Overview

What is Beavercreek Elderly Inc?

Beavercreek Elderly Inc, located in Columbus, Ohio, is a nonprofit organization primarily dedicated to providing apartment rentals for the elderly and handicapped. Their services are partially funded by the Department of Housing and Urban Development (HUD). The organization's mission involves offering subsidized housing and related services to support this demographic, ensuring they can live comfortably and with the necessary assistance. With a small workforce of just two individuals, Beavercreek Elderly Inc continues to cater to the needs of its community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 55%, One-Star out of Four Star rating.

Beavercreek Elderly Inc has received a low rating of 55%, reflecting concerns primarily related to its accountability and financial practices. The organization scores particularly well in having a fully independent board, which indicates strong governance in that aspect. However, there are notable weaknesses, such as the small size of the independent board and several missing policies that could enhance transparency and operational integrity.

The charity shows a solid program expense ratio of 81.53%, suggesting that a significant portion of its resources is directed toward its programs. However, the liabilities to assets ratio of 157.12% raises concerns about the organization's financial health and sustainability. The absence of key documents like a whistleblower policy and a document retention policy further affects its accountability score, which ultimately contributes to the overall low rating.

In summary, while Beavercreek Elderly Inc demonstrates certain strengths in board independence and program spending, its financial ratios and lack of critical policies indicate areas that require substantial improvement to enhance trust and operational effectiveness.


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

Is Beavercreek Elderly Inc legitimate?

Beavercreek Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beavercreek Elderly 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: $92,235

For more financial information, click here

What is the mission statement of Beavercreek Elderly Inc?

Beavercreek Elderly Inc's mission revolves around providing apartment housing for the elderly and handicapped. Part of their services are supported financially by HUD. Their primary goal is to offer suitable living accommodations for this demographic, enhancing their quality of life. They also offer related services, partially funded by HUD, to cater to the specific needs of this population.

Who is the CEO of Beavercreek Elderly Inc?

William Moorhead is the President of Beavercreek Elderly Inc.

What is the revenue of Beavercreek Elderly Inc?

Beavercreek Elderly Inc's revenue in 2022 was $491,542.

Who are the executives of Beavercreek Elderly Inc and what are their salaries?

The average compensation at Beavercreek Elderly Inc during 2022 was $46,118. There are 2 employees at Beavercreek Elderly Inc.


Here are 2 key members and their salaries:


William Moorhead (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Steel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Beavercreek Elderly Inc?

Beavercreek Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Beavercreek Elderly Inc

Beavercreek Elderly Inc is dedicated to providing affordable housing and related services to the elderly and handicapped community. Partially funded by HUD, this nonprofit organization offers apartment rentals as its primary mission. The services they offer are designed to cater specifically to the needs of this demographic, ensuring a comfortable and supportive living environment. By subsidizing these accommodations, Beavercreek Elderly Inc strives to make housing accessible and affordable for those who may otherwise struggle to secure suitable living arrangements.

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Impact




July, 2024

Beavercreek Elderly Inc has a significant impact on the elderly and handicapped individuals in Columbus, Ohio by providing affordable apartment rentals and related services that are partially subsidized by HUD. Their mission to offer housing support to this vulnerable population plays a crucial role in ensuring access to safe and comfortable living arrangements for those in need. By offering subsidized housing options, Beavercreek Elderly Inc contributes to improving the quality of life and well-being of the elderly and handicapped residents in the community.




This information is meant to be a general summary of Beavercreek Elderly 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.

Revenue
$491,542 (2022)
Expenses
$423,862 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $490
  • Program Service Revenue: $491,052
  • Gross Receipts: $491,542

Assets and Liabilities:

  • Total Assets: $995,369
  • Total Liabilities: $1,564,001
  • Net Assets: -$568,632

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Programs

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

Rent Supplements from HUD

Revenue

$347,798

Tenant Income

Revenue

$143,254

Organization Details

Founding Year

1986

Principal Officer

William Moorhead

Main Address

2700 E Dublin-Granville Rd, Columbus, OH, 43231

NTEE Category

Code: L20 - Housing

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